The New York Times spent $7.6 million on its lawsuit against OpenAI and Microsoft in the nine months through Sept. 30, it disclosed on Monday, demonstrating the high cost for publishers of fighting AI firms. Most of that total—$4.6 million—was spent in the third quarter, the Times reported. The ... Read more ›
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Physical Intelligence, a startup developing software for robots, has raised $400 million in a round led by Jeff Bezos, Thrive Capital and Lux Capital, according to The New York Times. OpenAI, Redpoint Ventures and Bond also participated in the financing, which valued the startup at $2 billion. ... Read more ›
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Since generative AI exploded onto the scene two years ago with the release of ChatGPT, we’ve seen the rise and fall of various creative hacks developers have used to eke out better performance and lower costs from large language models. And over the past few months, I’ve seen a flurry of new tricks and hacks pop up in conversations with developers. In the past, the hacks have ranged from prompt... Read more ›
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Artificial intelligence is supposed to transform the business world and boost the software industry that’s selling it. But as companies spend more money on chatbots and other conversational AI (see related chart), some say they plan to reduce spending on other types of software, such as expensive enterprise applications and non-AI cloud services. That could limit the upside from AI for providers of cloud services and enterprise software. Take C1,... Read more ›
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Companies large and small are incorporating more artificial intelligence into their workflows and products. Interviews with tech executives and new data reveal that some companies are on track to spend tens of millions of dollars annually on conversational AI powered by large language models. This list is a first-of-its-kind look at how 50 companies are using the technology, whose models they are using, and how much they are spending. (See... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Why Musk wins no matter who wins the White House• Biotech: A scientist with Bezos’ and Gates’ money—and possibly a better brain chip• Health and Fitness: Startups eye a gold rush in electrolytes• Plus: The superbabies from the past look like our future; a baby oligarch runs amok; and the wine flows down Ellis Street.Round up all the usual suspects!OK, I’m being... Read more ›
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“I haven’t been hung over in seven years,” said Jahaan Ansari, the bearded, muscled co-founder of Gainful, a New York–based startup. Ansari may be in that fortunate position partly because he has yet to hit his 30s—he’s just 29—but he also credits what Gainful sells: powdered electrolytes. Electrolytes such as calcium, sodium and potassium combine with water to help the body manage the electric charges between nerves, cells and muscles.... Read more ›
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Shortly after 2 a.m. on a Saturday in a midtown Manhattan sports bar packed with Aussies, Dr. Tom Oxley was feeling stunned. The underdog Brisbane Lions, his longtime favorite Australian rules football club, was up 73 to 27 against the Sydney Swans going into the second half of the championship match. “It’s a good start,” Oxley acknowledged, clad in his typical game-day fit, a maroon, blue and yellow Lions jersey.... Read more ›
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U.S. energy regulators on Friday rejected a proposal related to Amazon Web Services’ deal to buy nuclear power for several data centers for artificial intelligence in Pennsylvania, according to a public filing. In a split vote, the Federal Energy Regulatory Commission denied a request to ... Read more ›
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Okta, an identity and access management software provider, has fixed a vulnerability that could have let anyone log in to customers’ networks without a password over the past three months, the company said in a post earlier this week. The flaw only applies to usernames with more than 52 ... Read more ›
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CoreWeave, a cloud provider that rents access to Nvidia artificial intelligence chips, has told investors its revenue will rise dramatically in the coming years, thanks in large part to a new contract with Microsoft, The Information reported on Friday. CoreWeave projected revenue would quadruple ... Read more ›
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You could be forgiven for missing, amid the onslaught of tech company earnings news lately, what may be the most startling business story of the week. That would be the plan by enterprise software and bitcoin investment firm MicroStrategy to raise a massive $42 billion over the next three years to buy more bitcoin, using equal parts debt and equity. The total raised would nearly double MicroStrategy’s size, given that... Read more ›
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UBS Asset Management said it’s launching its first investment fund, a money market fund, that trades on the Ethereum blockchain. The company is joining a growing group of asset managers including BlackRock and Franklin Templeton that offer investment funds on blockchain, with the aim of cutting ... Read more ›
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This week on More or Less: Earnings from Meta, Alphabet and Microsoft explained. Plus, Bezos's big bind at the Washington Post. Enjoy! Apple Spotify YouTube Read more ›
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Salesforce CEO Marc Benioff is in talks to sell Time to Antenna Group, a Greek media company, for roughly $150 million, CNBC reported Friday. Benioff and his wife, Lynne, bought the magazine from Meredith Corp. in 2018 for $190 million. Benioff didn’t respond to a request for comment. The talks ... Read more ›
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CoreWeave, a fast-growing cloud startup that operates data centers for artificial intelligence developers, pitches itself to investors as a nimble rival to behemoths like Microsoft, Amazon and Alphabet. And yet the speed of CoreWeave’s rise has only been possible thanks to its relationship with one of the giants it says it’s trying to slay. Microsoft plans to spend about $10 billion between 2023 and the end of the decade using... Read more ›
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In the final days of the U.S. presidential election, The Information Opinion has been soliciting pieces from supporters of former President Donald Trump and Vice President Kamala Harris. The first is below. Please email opinion@theinformation.com with any submissions. Many of you are throwing your support behind former President Donald Trump or choosing to simply sit out the election. I get it—innovation’s our thing, and the government is slower than a... Read more ›
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MGX, a new artificial intelligence-focused investment firm backed by United Arab Emirates capital, has had talks to invest in Elon Musk’s xAI, representatives of the two firms have said privately. XAI, maker of the chatbot Grok, has been discussing raising $5 billion at a valuation of about $45 ... Read more ›
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For weeks, Elon Musk has warned voters, as he campaigns for Donald Trump, about the dire consequences of a Kamala Harris administration—for America, civilization and him personally. “If he loses, I’m fucked,” Musk joked in an interview last month with Tucker Carlson, the former Fox News host. “How long do you think my prison sentence is going to be?” Likewise, Musk has said SpaceX—the rocket company he founded and leads—could... Read more ›
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Chinese research institutions with ties to the People’s Liberation Army used Meta’s open-source Llama artificial intelligence model to develop an AI tool with potential military applications, Reuters reported. In an academic paper published in June, Chinese researchers including ... Read more ›
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Most popular sources
Business Insider
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40% 4 |
Financial Times
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12% 12 |
The Verge
|
12% 6 |
Gizmodo
|
7% 2 |
Tom's Hardware
|
6% 2 |
| View sources » | |
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24.11.2024 02:59
Last update: 02:40 EDT.
News rating updated: 09:50.
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