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Stephanie Palazzolo @ The Information · 09/11/2024 16:51 EDT

Model developer OpenAI is in talks to raise $6.5 billion in new funding at a pre-investment valuation of $150 billion, according to Bloomberg. The ChatGPT maker is also in talks to raise an additional $5 billion in debt from banks in the form of a revolving credit facility, the report said. It ... Read more

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The Information
Tim Boucher @ The Information 2 place · 09/11/2024 14:24 EDT

I’m an Author Who Proudly Uses Generative AI to Write My Books

I set up a Google Alert on my name so long ago that I’d almost forgotten about it. It occasionally sends me stories about people in faraway places who share my first and last names. But the alert I received in mid-August was different. When I opened the email, I realized that this was really about me: My work had been referenced in a class action lawsuit against Anthropic, a... Read more

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The Information
Amir Efrati @ The Information · 09/11/2024 11:10 EDT

If an artificial intelligence developer doesn't have a cluster of 100,000 Nvidia H100 server chips for training large language models, do they even exist?All kidding aside, the AI data center race is in full swing as the six or so richest developers and cloud providers seemingly try to one-up each other on a weekly basis in terms of the size of their upcoming clusters. We've learned that Meta Platforms is... Read more

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The Information
Theo Wayt @ The Information · 09/11/2024 11:09 EDT

Amazon Web Services said Wednesday that it will spend about $10.5 billion over the next five years to expand its cloud infrastructure in the United Kingdom, the latest in a series of international spending commitments by the cloud giant. AWS said in a statement that the investments would grow ... Read more

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Yueqi Yang @ The Information · 09/11/2024 11:02 EDT

Bitcoin prices and shares in crypto exchange Coinbase fell after the presidential debate between Donald Trump and Kamala Harris on Tuesday night, as traders see a higher chance of Harris winning the U.S. 2024 presidential election. Bitcoin fell 3% to $55,795 and Coinbase shares fell 4.8% to $150 ... Read more

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The Information
Jon Victor @ The Information 2 place · 09/11/2024 09:00 EDT

Despite Nvidia’s booming growth in selling data center chips for artificial intelligence, some customers developing AI are turning to chips from smaller rival Advanced Micro Devices, said Karan Batta, a senior executive in Oracle’s cloud business. Oracle rents out chips from both companies. “What we’re finding now is customers are not necessarily tied to any one particular vendor for inferencing,” Batta said. Inference computing refers to AI that has already... Read more

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The Information
Rocket Drew @ The Information · 09/10/2024 23:48 EDT

Vice President Kamala Harris attacked former president Donald Trump over his administration’s record on chip exports during Tuesday’s presidential debate, arguing that Trump  “ended up selling American chips to China to help them modernize their military.” Harris advocated “investing in ... Read more

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The Information
Martin Peers @ The Information 3 place · 09/10/2024 20:00 EDT

Take that, Tim Cook! Chinese phone giant Huawei, a big Apple rival in China, tried to upstage the introduction of the iPhone 16 on Monday by unveiling a new foldable phone on Tuesday. This isn’t just any foldable—no, the Mate XT unfolds into three parts, compared to those low-ambition two-part designs from Samsung, Motorola and others. Apple, of course, is still selling only its traditional one-piece wonders, although we reported... Read more

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The Information
Akash Pasricha @ The Information · 09/10/2024 19:44 EDT

Another artificial intelligence chip startup is trying to rally investors as it takes on Nvidia. D-Matrix, a Santa Clara, Calif.–based company designing an AI-focused chip to run large language models more cost effectively, wants to raise $250 million in a Series C funding round, according to two people with direct knowledge of the fundraising efforts.  Read more

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The Information
Sahil Patel @ The Information · 09/10/2024 16:56 EDT

It’s YouTube’s second year offering customers the NFL’s Sunday Ticket service, which streams every regular season game outside of a viewer’s local market on Sunday afternoons. As part of that deal, the organizations have invited some top YouTubers to shoot videos from the stadiums, as well as use NFL-owned highlights and other intellectual property to make content throughout the season.It’s easy to see YouTube’s NFL deal becoming a benchmark for... Read more

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Sahil Patel @ The Information · 09/10/2024 15:24 EDT

Amazon’s decision to bring ads in Prime Video continues to upend the TV and streaming video ad markets. Speaking at a Goldman Sachs conference, Fox Corp. CEO Lachlan Murdoch said the ad-supported Prime Video has flooded the streaming ad market with a lot more commercial ad inventory, which has ... Read more

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The Information
Michael Roddan @ The Information · 09/10/2024 13:39 EDT

Last year, staff inside Stripe got some alarming news: The payment giant’s relationship with a key bank partner was about to change—for the worse. Wells Fargo executives had told Stripe co-founder and CEO Patrick Collison they wanted to end a partnership powering Stripe’s payments, according to three former Stripe employees briefed on the conversations. Wells Fargo had been canceling its partnerships with fintechs across the board, according to a person... Read more

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The Information
Stephanie Palazzolo @ The Information 3 place · 09/10/2024 10:00 EDT

Strawberry, OpenAI’s reasoning-focused artificial intelligence, is coming sooner than we thought.OpenAI plans to release Strawberry as part of its ChatGPT service in the next two weeks, earlier than the original fall timeline we had recently reported, said two people who have tested out the model. Release timelines are always subject to change, of course, but we have a few other new details about the product.We should explain that while Strawberry... Read more

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The Information
Martin Peers @ The Information · 09/10/2024 09:11 EDT

The European Court of Justice ruled against Apple and Google on Tuesday, imposing billions in penalties against the tech giants. Apple will have to pay 13 billion euros in back taxes to Europe, as a result of the court ruling which overturned a 2020 lower court judgement in favor of ... Read more

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The Information
Kaya Yurieff @ The Information · 09/10/2024 09:00 EDT

Inside TikTok, It’s Business as Usual-ish as Ban Looms

Next Monday, attorneys for TikTok will attempt to convince a U.S. appeals court to slam the brakes on a government law that would shut the short video app down in January. Inside TikTok, executives have expressed confidence they will be able to pull that off, according to two people who have recently spoken to TikTok leaders. That legal challenge could delay a ban for a half year or even longer.... Read more

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The Information
Juro Osawa @ The Information · 09/10/2024 04:36 EDT

Alibaba Group’s stock has been included in the program that makes it easier for investors in mainland China to trade the e-commerce giant’s Hong Kong-listed shares. The long-awaited inclusion could help the stock attract potentially billions of dollars from Chinese investors, especially ... Read more

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The Information
Qianer Liu @ The Information · 09/10/2024 04:16 EDT

Chinese tech giant Huawei Technologies unveiled its latest smartphone, a tablet-sized smartphone that can be folded twice, just hours after Apple’s highly anticipated new iPhone announcement. The so-called tri-fold phone underscores Huawei’s resilience in the face of the U.S. sanctions ... Read more

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The Information
Rocket Drew @ The Information · 09/10/2024 02:10 EDT

More than 120 people who say they are current and former employees of generative artificial intelligence companies signed an open letter in support of California’s artificial intelligence bill. Signatories include researchers and engineers at seven companies, including OpenAI, Google and ... Read more

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The Information
Erin Woo @ The Information · 09/09/2024 21:58 EDT

Second Google Antitrust Trial Begins

A federal judge in Virginia on Monday heard opening statements in the U.S. government’s antitrust case against Google’s advertising technology business for allegedly misusing its control over tools used by graphical-ad buyers and sellers across the web. Karen Dunn, a lawyer for Google, argued ... Read more

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The Information
Martin Peers @ The Information · 09/09/2024 20:00 EDT

There may never be a company with a bigger demand for antitrust lawyers than Google has right now. A little over a month after a court issued its ruling in one Justice Department lawsuit against Google, the trial of the government’s second antitrust lawsuit against Google opened on Monday. This one centers on how Google dominates the market for buying and selling ads across the internet, with implications for independent... Read more

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