Advanced Micro Devices has agreed to acquire Silo AI, a Finnish AI model developer, for approximately $665 million in cash, the company announced on Wednesday, as it looks to close the gap against chip giant Nvidia. Helsinki-based Silo helps large companies build specialized AI models and ... Read more ›
0
The Amazon division that’s spearheading many of its most ambitious artificial intelligence efforts is made up almost entirely of executives and staff who were shifted from Amazon’s Alexa team, plus several dozen recent hires from the startup Adept, The Information’s updated Amazon Org Chart shows. The artificial general intelligence org, led by ex-Alexa chief scientist and senior vice president Rohit Prasad, who now reports to CEO Andy Jassy, is at... Read more ›
0
CNN chief Mark Thompson announced that the news company will lay off about 100 staffers as he outlined how he plans to revamp CNN’s newsgathering and business operations in the hopes of fighting off declines in its traditional TV business while generating new digital revenue from subscription ... Read more ›
38
Apple will no longer take a board observer seat at OpenAI and Microsoft is giving up its observer seat, an OpenAI spokesperson said on Wednesday. OpenAI is “establishing a new approach to informing and engaging key strategic partners” and plans to hold regular meetings with those stakeholders to ... Read more ›
0
The startups developing specialized artificial intelligence chips face some heady challenges—most obviously that they’re taking on entrenched giant Nvidia. One challenge they don’t face, though, is a lack of funding. Groq, a startup that develops chips that are specially designed to run large language models, expects to finalize a fundraising of more than $300 million led by mutual fund giant BlackRock in the next two weeks, according to a person... Read more ›
0
Venture capital firms Index Ventures and Flagship Pioneering announced new mega funds on Wednesday, underscoring a continuing trend: large VC firms are successfully replenishing their coffers, while smaller, newer firms struggle to raise fresh capital. Robinhood and Glossier-backer Index raised ... Read more ›
0
Chinese bargain site Temu has been a big hit with American shoppers in the past year or two, drawing increasing scrutiny from U.S. lawmakers over its approach to importing goods and attention from rival Amazon. Now, Temu is changing tack, encroaching more on Amazon’s turf. Instead of only shipping items from Chinese factories directly to customers’ homes, avoiding paying U.S. duties along the way, Temu is signing up Chinese sellers... Read more ›
0
Elon Musk appears to be a firm believer in the saying “If you want something done right, do it yourself.” He signaled that today in a post on X, as he confirmed our scoop that his artificial intelligence startup, xAI, had decided to build its own AI data center rather than getting Oracle to do it.Musk explained, “When our fate depends on being the fastest by far, we must have... Read more ›
0
The two most influential venture capital firms, Sequoia Capital and Andreessen Horowitz, have very different perspectives on demand for the most important resource for artificial intelligence companies: graphics processing units. Andresseen Horowitz is stockpiling them and renting them to startups, I reported this morning, which suggests the firm doesn’t expect the GPU bottleneck to ease anytime soon. Meanwhile, Sequoia believes GPU constraints have already peaked and the increased production will... Read more ›
32
MrBeast’s $100 million deal with Amazon Prime Video for an upcoming reality competition series will test whether creator-led shows on streaming services, especially with content geared toward older viewers, can draw the same massive audiences as they do online. Kids shows that originated on YouTube, such as Cocomelon, are the clearest examples of social media content that’s found success on more traditional entertainment platforms. Cocomelon episodes on Netflix, for example,... Read more ›
0
Elon Musk said his xAI would buy chips from Nvidia rather than rent the chips from Oracle so xAI could build an artificial intelligence data center more quickly, confirming a story published in The Information Tuesday. In a post on X, Musk said xAI plans to build a system with 100,000 Nvidia ... Read more ›
0
Tesla made up less than half of all electric vehicles sold in the US in the second quarter, a sign of declining dominance for the automotive company credited with creating an early market for EVs. Teslas accounted for 49.7% of EV sold in the US between April and June, compared to 59.3% the year ... Read more ›
0
Federal regulators have banned anonymous messaging app NGL—short for “Not Gonna Lie”—from hosting users under 18 years of age on the platform. The action comes as state and federal lawmakers push for tougher controls over social media platforms in a bid to better protect young people online. The ... Read more ›
0
Federal regulators have banned anonymous messaging app NGL—short for “Not Gonna Lie”—from hosting users under 18 years of age on the platform. The action comes as state and federal lawmakers push for tougher controls over social media platforms in a bid to better protect young people online. The ... Read more ›
0
Larry Ellison may be a friend and backer of Elon Musk, but even the Oracle executive chair isn’t immune from Musk’s impatience. Musk’s xAI and Oracle have ended talks to expand an existing arrangement under which xAI rents specialized Nvidia AI chips from the tech giant. Instead, xAI is buying chips to build a data center on its own, according to several people involved in the talks. Read more ›
30
Etsy unveiled a new labeling system aimed at better describing the types of items sold on the site, as the e-commerce marketplace tries to win back shoppers and burnish its reputation as a place to find unique items. Previously, items were marked as either vintage or handmade, but the site also ... Read more ›
0
Non-alcoholic beer maker Athletic Brewing Company raised $50 million in a General Atlantic-led funding round, the company said Tuesday, as it looks to double its brewing capacity and spend more on marketing. The new round values the company at around $800 million, The Wall Street Journal ... Read more ›
0
UiPath, which sells software for automating payroll and other workplace processes, said on Tuesday that it will lay off 10% of its workforce, or around 420 people. The layoffs are part of an effort to cut back on operating expenses, the company said. While UiPath’s revenue has grown steadily ... Read more ›
9
If you’ve ever wanted to play “Jeopardy” with Scarlett Johansson, you might soon get your chance.Volley, a startup that develops AI-powered games that you can play by giving voice commands to your Amazon Alexa, Fire TV or Roku TV, has raised $55 million in Series C funding. The round is led by Microsoft’s M12 Ventures and Lightspeed Venture Partners, the startup exclusively told The Information. That brings the firm’s total... Read more ›
62
Non-alcoholic beer maker Athletic Brewing Company raised $50 million in a General Atlantic-led funding round, the company said Tuesday, as it looks to double its brewing capacity and spend more on marketing. The new round values the company at around $800 million, The Wall Street Journal ... Read more ›
0
Most popular sources
Business Insider
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30% 1 |
Tech Wire Asia
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14% |
Gizmodo
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7% 0 |
CNET
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6% 3 |
The Verge
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5% 1 |
| View sources » | |
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26.11.2024 13:28
Last update: 13:21 EDT.
News rating updated: 20:22.
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