Tag: ai startup

2023 Boosts Big Tech’s AI monopoly? Google, Microsoft, Nvidia, and others wield money power
1Jan By adminNo Comments
Technology

2023 Boosts Big Tech’s AI monopoly? Google, Microsoft, Nvidia, and others wield money power

[ad_1]  A new crop of artificial intelligence startups has shaken up Silicon Valley — and the wider business world — throughout this year, but there's one thing that hasn't changed: Big Tech still wields power. In the wake of Microsoft Corp.'s $10 billion investment in OpenAI in January, other tech giants raced to partner with leading AI startups through funding and cloud computing deals. Salesforce Inc. led a round in Hugging Face at a $4.5 billion valuation. Alphabet Inc. and Amazon.com Inc. invested billions in OpenAI rival Anthropic. And Nvidia Corp. seemed to back almost every AI startup of note. The net effect is that many of the most promising AI startups now depend heavily on the old guard of dominant tech companies for their financing and infrastructure needs. That dynamic is s...
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5 things about AI you may have missed today: Pope Francis warns of AI risks, Putin meets his AI double, more
14Dec By adminNo Comments
Technology

5 things about AI you may have missed today: Pope Francis warns of AI risks, Putin meets his AI double, more

[ad_1] Today, December 14, there were some interesting reports coming from the artificial intelligence (AI) space. Ahead of the 57th anniversary of World Day of Peace, Pope Francis urged world leaders to ensure that progress made in developing AI tools “will ultimately serve the cause of human fraternity and peace”. In other news, Russian President Vladimir Putin appeared briefly lost for words when he met with an AI-generated version of himself. This and more in today's AI roundup. Let us take a closer look.Pope warns of AI dangerPope Francis, in his annual message for the World Day of Peace, calls on world leaders to ensure that advancements in AI contribute to human fraternity and peace, reports Vatican News. The message, centered on the theme 'Artificial Intelligence and Peace,' emp...
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Elon Musk’s AI startup xAI seeks to raise USD 1 billion funding
7Dec By adminNo Comments
Technology

Elon Musk’s AI startup xAI seeks to raise USD 1 billion funding

[ad_1] Elon Musk's artificial intelligence venture, xAI, has recently disclosed its intention to secure up to a billion dollars in funding, as indicated in a filing with the Securities and Exchange Commission, Fox Business reported.The filing on Tuesday by X.AI Corp (dba xAI) outlined a plan to raise USD 1 billion in an equity offering, with more than USD 134 million already successfully raised. The document revealed that the company had entered into a binding agreement for the sale and purchase of the remaining USD 865 million. Responding to a post by Gene Munster of Deepwater Asset Management on the financing, Elon Musk clarified on Wednesday, saying, "We are not raising money right now." Munster's post suggested that Musk's fundraising efforts were aimed at competing with OpenAI and ...
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5 things about AI you may have missed today: Meta says no downside to AI sharing, new lawsuit against AI, more
1Dec By adminNo Comments
Technology

5 things about AI you may have missed today: Meta says no downside to AI sharing, new lawsuit against AI, more

[ad_1] It's the first day of the last month of 2023, and we might be in for an exciting period in artificial intelligence space as companies continue developing this technology while protest groups keep highlighting its dangers. In the first news, Meta executives said that they found no downside to openly sharing its AI technology. This comes as the tech company keeps releasing open-source versions of its large language models. In other news, a group of visual artists has filed an amended lawsuit against text-to-image generating AI models after a US district judge dismissed parts of the lawsuit last month. This and more in today's AI roundup. Let us take a closer look.Meta says no downside to sharing AI technologyMeta executives stated at an event that they had not encountered any issue...
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AI Startup Cohere’s CEO Slams Effective Altruism in Wake of OpenAI Drama
24Nov By adminNo Comments
Technology

AI Startup Cohere’s CEO Slams Effective Altruism in Wake of OpenAI Drama

[ad_1]  The chief executive officer of artificial intelligence startup Cohere criticized the “self-righteousness” of the effective altruism movement and those overly concerned with the threat of an AI doomsday in a letter to his staff on Wednesday.The AI industry has been increasingly divided between those who urge caution and restraint in the development of the technology and those who want to barrel ahead quickly. That tension was on full display this past week amid the rupture between OpenAI CEO Sam Altman and the board members who fired him Friday—before the company rehired him five days later. The fear that AI might wipe out humanity is a key belief among many effective altruists and one that has grown increasingly influential in Silicon Valley and in the AI industry over the past ...
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5 things about AI you may have missed today: OpenAI looks to quell staff mutiny, Wipro-Nvidia AI partnership, more
21Nov By adminNo Comments
Technology

5 things about AI you may have missed today: OpenAI looks to quell staff mutiny, Wipro-Nvidia AI partnership, more

[ad_1] The OpenAI-Sam Altman saga continues to dominate the headlines in the artificial intelligence space for the 5th day in a row. Today, November 21, reports revealed that OpenAI is now under intense discussions to quell the staff mutiny that saw 500+ employees threatening to resign from the company if Altman was not reinstated. In other news, Wipro and Nvidia formed a partnership to help healthcare companies accelerate the adoption of AI. This and more in today's AI roundup. Let us take a closer look. OpenAI aims to unify the companyOpenAI is reportedly engaged in "intense discussions" to address internal turmoil after the removal of CEO Sam Altman. A memo from vice president of global affairs Anna Makanju, obtained by Bloomberg reveals concern among employees, with many threatening...
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5 things about AI you may have missed today: YouTube’s AI song detection, AI could predict heart attack, more
14Nov By adminNo Comments
Technology

5 things about AI you may have missed today: YouTube’s AI song detection, AI could predict heart attack, more

[ad_1] Yesterday, Nvidia unveiled the H200 chip for artificial intelligence models, which will now be the company's most advanced semiconductor. Now today, November 14, things in the AI space has become even more exciting. In the first incident, YouTube announced that it would begin a crackdown on AI-generated deepfakes, especially those that mimic the platform's music industry partners. In other news, a new Oxford study has revealed that AI can help predict the risk of a heart attack as much as 10 years ahead of time. This and more in today's AI round-up. Let us take a closer look.YouTube to begin cracking down on AI-generated songsYouTube is introducing guidelines allowing record companies to request the removal of songs that use AI-generated versions of artists' voices, also known as...
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5 things about AI you may have missed today: Nvidia to release 3 AI chips for China, Bad Bunny slams AI, more
9Nov By adminNo Comments
Technology

5 things about AI you may have missed today: Nvidia to release 3 AI chips for China, Bad Bunny slams AI, more

[ad_1] The commotion was really loud in the artificial intelligence world today, November 9, as a new technology sparked several controversies. In the first incident, reports have highlighted that Nvidia is soon going to release three AI chips for China. This comes weeks after the US government restricted trade of advanced semiconductors with China, forcing Nvidia to not sell its top-of-the-line A800 and H800 series chipsets to China. In other news, rapper Bad Bunny wrote a post on his WhatsApp Channel asking fans to leave if they choose to listen to the viral song on TikTok that has been generated using AI and mimics his voice. This and more in today's AI roundup. Let us take a closer look.Nvidia to release 3 AI chips for ChinaNvidia is set to release three new AI chips for China in re...
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5 things about AI you may have missed today: Samsung Gauss unveiled, Meta asks for disclosure on political AI ads, more
8Nov By adminNo Comments
Technology

5 things about AI you may have missed today: Samsung Gauss unveiled, Meta asks for disclosure on political AI ads, more

[ad_1] Today, November 8, was another exciting day for the artificial intelligence field as major tech firms made headlines for forays in AI. In the first incident, Samsung introduced a new generative AI model, Samsung Gauss, during its AI forum. The company claims that it can run locally on devices, and some reports are suggesting that it can be introduced in the Galaxy S24 series. In other news, Meta will require advertisers to disclose when political or social issue ads have been created or altered by AI. This will begin starting 2024. This and more in today's AI roundup. Let us take a closer look.Samsung unveils generative AI modelSamsung is developing a new generative AI model called Samsung Gauss, which can run locally on devices. According to a report by Korea Times, Gauss can be...
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Billionaire Flipkart Founder Binny Bansal Ready to Launch Stealth AI Startup
8Nov By adminNo Comments
Technology

Billionaire Flipkart Founder Binny Bansal Ready to Launch Stealth AI Startup

[ad_1] Billionaire Binny Bansal is launching an AI-as-a-service startup that will target global customers, expanding to the fast-growing segment after making a fortune in Indian e-commerce.Bansal, who co-founded online retailer Flipkart and sold it to Walmart Inc., has hired 15 experts for the venture — mostly artificial intelligence scientists — and plans to quickly add more, according to people familiar with the matter. He wants to offer AI talent, products and services to corporate customers, emulating the business model of outsourcing providers like Tata Consultancy Services Ltd. and Infosys Ltd., the people said, asking to not be named as the effort isn't yet public. We are now on WhatsApp. Click to join The startup's main operations will be in Bengaluru, and it's headquartered in ...
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