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AI
Meta releases open-source AI application ‘competitive with closed competitors’
Meta claims that its new artificial-intelligence model will be the first open source system to rival products from competitors like OpenAI and Anthropic.
In a blog post, the company stated that its new model with the unwieldy title of…
Cohere, a new AI startup, raises $500mn to compete with OpenAI
Cohere, an artificial intelligence company, has raised $500mn through a new round of funding, making it the most valuable start-up in the world. This will help the Canadian firm to compete with rivals such as OpenAI and Anthropic.
The…
Netflix revenue surges as popular shows draw a large new audience
Netflix's second-quarter revenue and earnings exceeded Wall Street expectations thanks to the success of shows like Bridgerton and Baby Reindeer .
The number of new subscribers was the highest in a quarter two since 2020 when Netflix…
Samsung Electronics Acquires Oxford Semantic Technologies: Boosting AI Capabilities
Reuters reported that Samsung Electronics had agreed to purchase Oxford Semantic Technologies.
Thw British startup specializes in technology which can be used for artificial intelligence applications. Oxford Semantic is a specialist in…
OpenAI urges US financial watchdog to investigate NDAs
OpenAI whistleblowers urged the US Financial Watchdog to investigate nondisclosure contracts at the startup. They claimed the contracts contained restrictions, such as requiring that employees seek permission before contacting regulatory…
Microsoft and Apple drop out of OpenAI Board amid regulatory scrutiny
Microsoft and Apple resigned from their board observers seats at OpenAI to quell global regulators' concern over the close relationship between big tech companies and a few powerful AI start ups.
Microsoft, less than nine months after…
Google emissions have risen by nearly 50% in the last five years, as AI usage surges
Google's greenhouse gases emissions have risen 48 percent in the last five years, due to its expansion of data centres which underpin artificial-intelligence systems. This puts its commitment to achieve "net zero" by the year 2030 into…
Can AI boom drive Nvidia to a $4tn valuation despite investor doubt?
Jensen Huang did not mention a fall in the share price when he spoke last week at the Nvidia Annual General Meeting.
The US chipmaker briefly became the most valuable company in June, but it quickly lost the title. Nvidia lost about…
National security review of the Japanese deal with AI champion Graphcore
The proposed Japanese takeover by Graphcore of the British artificial-intelligence company is being reviewed for national security reasons amid concerns that foreign investors are targeting UK technology.
SoftBank, a Tokyo-based…
AI requires more data to cure diseases
The machines have already surpassed humans in a number of areas, including chess and bird identification. They can also predict complex protein structures. When it comes to really clever and intuitive things, such as original scientific…
Apple blames EU regulations for delaying the launch of AI features in Europe.
Apple has delayed the launch of three new artificial-intelligence features in Europe due to European Union rules on competition, which require that Apple ensure rival products and services are compatible with its devices. The features are…
The Nvidia wave is sweeping the tech sector
Jensen Huang, the Nvidia CEO, has been claiming for years that data centres around the world will have to undergo a complete overhaul to meet the needs of generative AI. He claims that $1tn will be needed over the next 4 to 5 years to train…
Mistral AI Secures $6 Billion Valuation in Second Funding Round for Open-Source AI
Mistral AI, a French artificial intelligence startup founded just a year ago by former employees of Meta and Google's DeepMind, has achieved an impressive
640 million in its Series B round, led by US venture capitalists General Catalyst,…
Mistral receives €600mn in funding after valuation soars up to €6bn
Mistral AI is a Paris-based artificial-intelligence start-up that has raised €600mn at a valuation close to €6bn. This comes just one year after Microsoft and Nvidia backed the company, which was initially launched as a rival for OpenAI.…
Apple will debut ‘Apple Intelligence,’ a new version of Siri with ChatGPT at WWDC in…
Tim Cook, Apple's CEO, announced Monday a series generative artificial-intelligence products and services during his keynote address at the company’s annual developer conference WWDC. These included "Apple Intelligence", and a partnership…
Nvidia surpasses Apple in market capitalisation as it passes $3tn
Nvidia’s market value surpassed $3tn on Wednesday, overtaking Apple as the second most valuable company in the world. This follows a year marked by incredible growth spurred by demand for artificial intelligence chips.
Bloomberg reported…
Salesforce falls as concerns about AI rivals and weak forecasts spark concern
Salesforce shares fell by 18% Thursday after the company's lowest-ever forecast for quarterly revenue growth raised concerns that high interest rates, and competing AI offerings, were hampering demand.
If losses continue, the company's…
Elon Musk’s xAI raises 6 billion dollars to compete with OpenAI
Elon Musk’s artificial intelligence (AI) company xAI closed a $6bn investment round (£4.7bn), making it one of the best-funded competitors to OpenAI.
The startup, which is just a year old has built a large language model, the technology…