Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more âș
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Microsoft hired former General Electric CFO Carolina Dybeck Happe as its new chief operations officer, reporting to CEO Satya Nadella, he said in a memo to employees on Thursday. In the newly created role, Happeâs job is to improve Microsoftâs operations to âaccelerate our company-wide AI ... Read more âș
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Mastercard said it would acquire cybersecurity firm Recorded Future from private equity and venture capital firm Insight Partners for $2.65 billion, a sizable gain for Insight which acquired the firm in 2019 for $780 million. Mastercard says Recorded Future analyzes data to provide ... Read more âș
0
Trading platform eToro will stop offering trading in nearly all types of crypto assets as part of a settlement with the U.S. Securities and Exchange Commission. The settlement comes amid broader SEC scrutiny of retail stock trading apps that offer crypto services. Robinhood, for example, in May ... Read more âș
0
Before you get your hands on OpenAIâs Strawberry reasoning modelâwhich weâre told is due out before the end of this week, including a version that will be in the free tier of ChatGPTânoodle on this:Can artificial intelligence kill the enterprise software app industry thatâs led by companies such as Salesforce and Workday?Thatâs the trillion-dollar question at the heart of recent comments from the CEO of Klarna, Sebastian Siemiatkowski, whoâs made... Read more âș
3
Warner Bros. Discovery and cable-broadband giant Charter Communications struck a deal to extend Charterâs carriage of WBDâs cable channels, such as TNT, CNN, TBS and Discovery, while also including WBDâs streaming services for certain Charter cable customers at no extra cost. ... Read more âș
0
Microsoft is laying off 650 people in its Xbox gaming unit, Xbox CEO Phil Spencer said in a memo to staff on Thursday. The cuts will primarily affect roles in âcorporate and supporting functionsâ and Microsoft is not closing any of its game studios or scaling down production of any games or ... Read more âș
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Grabbing attention is in GoDaddyâs DNA. The web domain hosting company that skyrocketed to widespread fame in the 2010s with a series of provocative Super Bowl ads is having another moment in the limelight, this time with Wall Street investors. After stagnating at the same level for five years, GoDaddy shares doubled between last November and last month. The rally was sparked by the companyâs third-quarter 2023 report that its... Read more âș
7
Mistral released Pixtral 12B, the French startupâs first artificial intelligence model capable of taking in images as well as text, on Wednesday. The release follows similar multimodal models from rivals Anthropic, Google and OpenAI. Meta is also working on vision capabilities for its ... Read more âș
0
Hereâs a quiz: What vital digital resource are we consuming as though it was water, apparently unaware that supply is finite? Iâm not talking about electricity (well, not today), but wireless spectrum, the airwaves telephone giants use for cellular services like 5G. You know, the service we only pay attention to when it doesnât work.Hereâs a fascinating statistic: The amount of data transmitted over cellular phone networks (that doesnât include... Read more âș
0
Demand for Nvidiaâs artificial intelligence chips is so high that the companyâs relationships with its largest customers have been getting âreally tense,â CEO Jensen Huang said at a Goldman Sachs technology conference in San Francisco on Wednesday. âDelivery of our components and our technology ... Read more âș
0
Iâll be in Washington on Monday, when TikTokâs legal team will argue that a new law that could shut down the app in January is an infringement on Americansâ freedom of speech. Even as the deadline to this ban gets closer, Iâve been surprised by how unfazed many people, from TikTok staff to the companyâs business partners and creators, have been about the situation.Thatâs because this has been a perennial... Read more âș
0
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 âș
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I set up a Google Alert on my name so long ago that Iâd 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 âș
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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 âș
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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 âș
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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 âș
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Despite Nvidiaâs 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 Oracleâs cloud business. Oracle rents out chips from both companies. âWhat weâre finding now is customers are not necessarily tied to any one particular vendor for inferencing,â Batta said. Inference computing refers to AI that has already... Read more âș
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Vice President Kamala Harris attacked former president Donald Trump over his administrationâs record on chip exports during Tuesdayâs presidential debate, arguing that Trump âended up selling American chips to China to help them modernize their military.â Harris advocated âinvesting in ... Read more âș
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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 isnât just any foldableâno, 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 âș
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Another artificial intelligence chip startup is trying to rally investors as it takes on Nvidia. D-Matrix, a Santa Clara, Calif.âbased 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 âș
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Most popular sources
Business Insider
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28% 1 |
Tom's Hardware
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11% 3 |
Eurogamer.net
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9% 8 |
Gizmodo
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8% 1 |
CNET
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7% 0 |
| View sources » | |
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25.11.2024 06:18
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