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 ›
0
Ever since ChatGPT exploded, tech companies have been racing to replicate its success with their own large language models, from Google’s Gemini to Meta Platforms’ Llama. But bigger isn’t always better. Small language models promise enterprises less lag, lower costs and a smaller environmental footprint. Amir Efrati, executive editor of The Information, sat down with three artificial intelligence developers to discuss the advantages of leveraging SLMs, how they’re primed to... Read more ›
9
Evan Gershkovich, the Wall Street Journal reporter convicted in a Russian court last month of espionage charges, will go free in a high-profile prisoner swap orchestrated between America and Russia that involved 24 prisoners and six countries. The Journal and other major media corporations had ... Read more ›
0
Michelle Ritter felt stuck. She knew it was an odd thing to say last month, as she sat on the living-room carpet of the 13-bedroom Bel Air mansion—previously owned by the Hilton family—that she currently lives in. The owner of the mansion is Eric Schmidt, the 69-year-old former Google CEO, whom Ritter, 30, began dating in 2020 when she was an ambitious third-year student at Columbia University’s law school. The... Read more ›
129
The OpenAI Startup Fund has invested in a $3.5 million seed round for the artificial intelligence startup Heeyo, which is developing an iOS and Android app to help children learn using AI, according to Heeyo founder Xiaoyin Qu. The financing values the company at over $20 million, Qu said. Qu ... Read more ›
0
Cerebras, an Nvidia rival that develops AI chips, has filed confidentially with securities regulators for an initial public offering, the company announced on Thursday. The filing highlights how chip developers hope to ride the wave of customer and investor enthusiasm over AI hardware that’s ... Read more ›
33
Industrial robotics software maker Covariant has received takeover interest from Amazon, Bloomberg News reported on Wednesday. Covariant, which was valued at $625 million in an April 2023 fundraising round according to PitchBook, is backed by investors including Index Ventures, Singaporean ... Read more ›
0
Andreessen Horowitz general partner John O’Farrell has pledged to vote for Kamala Harris in the upcoming 2024 presidential election, according to a public list that highlights investors that support the Democratic party candidate. The support comes two weeks after Marc Andreessen and Ben ... Read more ›
0
The big fish of artificial intelligence are again circling a minnow. Elon Musk’s xAI has considered buying Character.AI, which makes chatbots for hyperrealistic roleplay, my colleagues Natasha and Stephanie and I reported yesterday. Such a purchase would give xAI new avenues for testing and improving its models, as well as additional technical talent.Character had previously discussed a research partnership with xAI, as well as with Google and Meta Platforms. Nothing... Read more ›
5
How hard did the NBA try to keep its marriage to longtime cable television partner, Warner Bros. Discovery’s Turner Sports, going? During a new round of negotiations with media companies for rights to air the league’s games, the NBA made it practically impossible for Warner to win one of the multiple deals it was doling out. For example, in its discussions earlier this year with executives from Comcast’s NBCUniversal—which ultimately... Read more ›
21
Meta Platforms shareholders have had a singular concern lately: how the company can go toe-to-toe with Google and Microsoft (and Microsoft partner OpenAI) in developing cutting-edge artificial intelligence while expanding data centers and filling them with costly AI chips to enable future breakthroughs that result in profits.On Wednesday, Meta CEO Mark Zuckerberg helped investors breathe a little easier by showing he can afford to stay in the AI race, at... Read more ›
0
The Securities and Exchange Commission charged Abraham Shafi, the founder and former CEO of social app IRL, with fraud, alleging that he made “false and misleading statements” to investors about the company’s growth and hid his and his fiancées use of company funds for personal expenses. The ... Read more ›
0
A group of more than 100 venture capitalists, including Greylock partner Reid Hoffman, Cowboy Ventures’ Aileen Lee and Mark Cuban, pledged to vote for Vice President Kamala Harris in the upcoming presidential election. It was the most unified show of support for the Democratic candidate from ... Read more ›
0
For all the talk about artificial intelligence, Meta Platform’s digital ad business continues to mint money. Advertising from apps including Instagram and Facebook rose 22% in the second quarter from the year-ago period, to $38 billion. Ads for online commerce sites were the largest contributor to year-on-year growth. The average price per ad and the total number of ad impressions across Meta’s services both increased by 10% in the second... Read more ›
0
XAI, Elon Musk’s one-year-old artificial intelligence startup, has considered acquiring chatbot maker Character.AI as it looks for more ways to test its Grok AI models, according to a person who spoke with xAI leadership about the deal. The discussion may not result in a deal. But the internal debate at xAI points to the types of pairings that are likely to become more common as smaller AI startups such as... Read more ›
11
Meta Platforms, the owner of Facebook, Instagram and WhatsApp, on Wednesday reported second-quarter revenue of $39.1 billion, up 22% from a year earlier. The company forecast higher revenue in the third quarter than analysts expected and once again increased its estimate for capital expenditures ... Read more ›
4
Microsoft said that its Azure cloud service experienced a distributed denial of service cyberattack on Tuesday that resulted in outages. Some customers across the globe had issues connecting to some Microsoft services—including Azure, Microsoft 365 and Purview—beginning at around 4:45 a.m. PT. ... Read more ›
0
CEO of Delta Airlines Ed Bastian said in a CNBC interview Wednesday that the outage caused by CrowdStrike software on computers running Microsoft Windows earlier this month cost the airline $500 million in five days. This figure includes losses in revenue as well as compensation to Delta ... Read more ›
9
Shares of Nvidia and other chip firms jumped Wednesday after Microsoft said Tuesday night that it plans to continue spending tens of billions of dollars on new data centers and chips for artificial intelligence. Nvidia shares rose 10% in anticipation it would benefit from the Microsoft moves; ... Read more ›
0
A group of more than 100 venture capitalists, including Greylock partner Reid Hoffman, Cowboy Ventures’ Aileen Lee and Mark Cuban, pledged to vote for Vice President Kamala Harris in the upcoming presidential election. It was the most unified show of support for the Democratic candidate from ... Read more ›
0
If you’ve kept up with this newsletter, you’ve likely learned a lot about retrieval augmented generation, a commonly-used technique that reduces bad results from large language models by providing the models with access to data whose accuracy has been vetted.Artificial intelligence developers have improved traditional RAG (otherwise known as vector-based RAG) by tailoring it to specific domains like law or medicine, but that doesn’t solve the chronic issue of LLMs... Read more ›
18
Most popular sources
Business Insider
|
27% 8 |
Tech Wire Asia
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14% |
CNET
|
8% 0 |
The Verge
|
6% 3 |
Gizmodo
|
6% 1 |
| View sources » | |
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26.11.2024 02:44
Last update: 02:35 EDT.
News rating updated: 09:31.
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