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Nvidia-backed startup Coreweave is based in Roseland, New Jersey, with 160 employees. CoreWeave, a cloud infrastructure startup that rents out graphics processing units to companies, said Wednesday that it has raised $1.1 billion in funding. The new investment values the company at $19 billion, up from $7 billion months ago, a person familiar with the matter said. And during its earnings call on April 25, Microsoft said the company wasn't able to meet demand for AI cloud services. For now, CoreWeave only has three regions of data center infrastructure, all in the U.S.
Organizations: Nvidia, Computer, Microsoft, CNBC, Fidelity, Lykos Global Management, Amazon, Google Locations: Roseland , New Jersey, New Jersey, Paris, U.S
A Microsoft logo seen displayed on a smartphone screen and Amazon logo in the background in Athens, Greece on October 5, 2023. British antitrust regulators are seeking views on partnerships between Microsoft and Amazon with smaller generative AI model makers. Microsoft recently made a 15 million euro ($16 million) investment into Mistral, a young French AI firm set up by former employees of Meta and Google's DeepMind AI lab. Amazon, meanwhile, has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude large language model and chatbot. An Amazon spokesperson said it was "unprecedented" for the CMA to review a collaboration of the kind that the company had agreed with Anthropic.
Persons: Claude, it's Organizations: Microsoft, Markets Authority, French, Amazon, CMA, Mistral, Meta, Competition, Anthropic Locations: Athens, Greece, French, Anthropic
Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. Tesla kicks off tech earnings season after the close of trading on Tuesday, with shares of the electric vehicle maker trading at their lowest since January 2023. When it comes to AI, Meta debuted its assistant — Meta AI — on WhatsApp, Instagram, Facebook and Messenger last week. Loren Elliott | Bloomberg | Getty ImagesOn a busy Thursday for tech earnings, Alphabet is likely to capture the most attention. On Thursday, Alphabet CEO Sundar Pichai announced a consolidation of the company's AI teams, including responsible AI and related research teams, under the Google DeepMind umbrella.
Persons: Sundar Pichai, Justin Sullivan, tech's behemoths, Tesla, Microsoft's, Lip, CNBC's, we've, Brandon Bell, Drew Baglino, Rohan Patel, Musk, John Murphy, Meta, Mark Zuckerberg, Wall, OpenAI's ChatGPT, Joe Biden, Republican Donald Trump, Loren Elliott, Ruth Porat, Thomas Kurian's, livestreamed, Pichai, that's, Satya Nadella, Sam Altman, Altman, OpenAI, chatbot, MSFT Organizations: Inc, Government, Society, Google, Big Tech, Nvidia, BakerAvenue Wealth Management, Tech, Meta, Microsoft, Getty, Elon Musk's EV, Bank of America, Reality Labs, Facebook, Republican, Bloomberg, CNBC, Google Cloud, Union, Apple, Guggenheim Locations: Stanford , California, Austin , Texas, New York, Sunnyvale , California, Sunnyvale, Seattle, San Francisco , California, OpenAI, Mistral, U.S
Mark Zuckerberg just dropped Meta's new AI models. Bt what Llama 3 does not do is beat OpenAI's GPT-4. AdvertisementPerhaps the most important detail was that Meta's open-source models will soon be on par with their closed-source counterparts. For open-source AI developers, that'll be a huge deal. The AI models they were working on looked pretty rudimentary as recently as last year as they struggled to complete sentences without repeating themselves.
Persons: Mark Zuckerberg, OpenAI's GPT, , Meta, Nick Clegg, Claude, OpenAI's, that'll, Sharon Zhou, Sam Altman's, Sam Altman, Justin Sullivan, Google's, That's, Jim Fan, Altman, Zuckerberg, Gary Marcus Organizations: Service, Financial, Google, GPT, Nvidia, Facebook, New York University
Satya Nadella is hoping to prove he's the shrewdest dealmaker in AI. Microsoft just put $1.5 billion in UAE firm G42 while getting it to divest its China ties. G42 has been linked to a chip venture led by Microsoft's other main AI bet, OpenAI. Last month, Nadella pulled off a big coup by hiring Mustafa Suleyman, a DeepMind cofounder and Inflection AI CEO, and several of his software engineers to head up a new AI division at Microsoft. InflectionThe move involved a $650 million payment to Inflection AI that would also allow Microsoft to license Inflection's AI models.
Persons: Satya Nadella, , Redmond, Peng Xiao, hasn't, Sam Altman, Nadella, Brad Smith, who's, , Altman, Mustafa Suleyman, Mistral Organizations: Microsoft, Service, OpenAI, Huawei Locations: UAE, China, Abu Dhabi, DarkMatter, Beijing, @G42ai, OpenAI, Paris
London CNN —Microsoft will invest $1.5 billion in Abu Dhabi’s G42, an artificial intelligence group that has faced questions over its ties to China. The companies will collaborate on AI and digital infrastructure, in a move that sees Microsoft’s AI empire expand into the Middle East for the first time. G42 and Microsoft say they have committed to comply with US and international trade rules as part of their partnership. Microsoft has forged high-profile partnerships with several AI companies, in an attempt to position itself as a leader in the technology. “It’s all about this new AI era,” Smith told CNN in February.
Persons: Peng Xiao, , Xiao, Brad Smith, , OpenAI, , ” Smith Organizations: London CNN, Microsoft, Abu, Pegasus, New York Times, CNN, Mistral Locations: Abu Dhabi’s, China, Chinese, Beijing, UAE, United States, Europe, Spain, Germany
The generative artificial intelligence company, best-known as the creator of ChatGPT, is looking to open next year an office in New York City, according to two people familiar with the plans. Early last year, OpenAI had only about 400 employees all working out of one San Francisco office. It's now looking for a second office in San Francisco, according to a report in the San Francisco Chronicle. OpenAI has taken a selective approach to hiring, the person added, relative to how much interest the company receives for its job postings. The other is a search product likely to incorporate Microsoft's Bing search engine, according to a report from The Information.
Persons: OpenAI, Bing, Sam Altman, It's, it's, Kali Hays Organizations: Service, Business, Meta, Google, Microsoft, San Francisco Chronicle, LinkedIn Locations: New York City, San Francisco, Tokyo, London, Dublin, New York, Manhattan, Brooklyn, Big Tech, OpenAI, Francisco, khays@businessinsider.com
Cerebral Valley New York will be Newcomer's first east coast event. AdvertisementThe Cerebral Valley AI Summit, the generative AI conference created by tech journalist Eric Newcomer and AI startup Volley, will be hosting its first New York event on June 27th. The original Cerebral Valley Summit, held in the Hayes Valley neighborhood of San Francisco in 2023, made headlines for producing one of the largest generative AI acquisitions ever and effectively firing the starting gun on the AI arms race. At the last Cerebral Valley Summit in November, 2023, it was a given that OpenAI had already won the AI battle. At the very first Cerebral Valley AI Summit, Newcomer half-jokingly challenged someone to raise $100 million at the conference.
Persons: , Eric Newcomer, Mistral, OpenAI, Sam Altman, Altman, Ali Ghodsi, Reid Hoffman, Vinod Khosla, Anthropic, Daniela Amodei Organizations: Service, New, Google Locations: San Francisco, York, New York, Hayes, Francisco, Europe, MosaicML
Mistral's CEO Arthur Mensch said the obsession with creating general AI is about "creating God." The AI CEO doesn't believe Elon Musk and Sam Altman's predictions that AI will surpass human intelligence. AdvertisementMistral's founder and CEO Arthur Mensch doesn't believe in god — and therefore, he doesn't believe in artificial general intelligence. Artificial general intelligence, also referred to as AGI, is a level of AI that will outperform humans. Mensch said he felt uncomfortable with Silicon Valley's religious fascination with general AI.
Persons: Arthur Mensch, doesn't, Elon Musk, Sam Altman's, Mensch, , Arthur Mensch doesn't, Mistral, I'm, Sam Altman, Anthony Levandowski, Donald Trump, Levandowski, It's Organizations: Service, The New York Times, Elon, Pollen, Microsoft, Google, Union, Intelligence, Big Tech Locations: Paris, Europe, Levandowski, France, United States, China
Arthur Mensch, tall and lean with a flop of unkempt hair, arrived for a speech last month at a sprawling tech hub in Paris wearing jeans and carrying a bicycle helmet. Mr. Mensch, 31, is the chief executive and a founder of Mistral, considered by many to be one of the most promising challengers to OpenAI and Google. revolution, the French government has singled out Mistral as its best hope to create a standard-bearer, and has lobbied European Union policymakers to help ensure the firm’s success. should not be dominated by tech giants, like Microsoft and Google, that might forge global standards at odds with the culture and politics of other countries. At stake is the bigger question of which artificial intelligence models will wind up influencing the world, and how they should be regulated.
Persons: Arthur Mensch, Mensch, ” Matt Clifford, Europe scrambles Organizations: Mistral, Google, European Union, Microsoft Locations: Paris, United States, China, France, British, Europe
This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.
Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI
Read previewSome AI leaders are starting to ask themselves the question: should we be buying the hype? Almost a year and a half on from the launch of ChatGPT, the hype around the technology is seemingly everywhere. AI image generator Stability AI also lost its chief, Emad Mostaque, amid reports of financial pressure. Others though, like Google deep learning expert François Chollet, are keen to stress just how far off human intelligence today's AI models actually are. Until some real signs of money-making, human-level intelligence do emerge, expect more to call it all hype.
Persons: , Bill Gates, Elon Musk, it's, Gary Marcus, Sam Altman, Marcus, GmjUDKhc6k — Gary Marcus, @GaryMarcus, Mustafa Suleyman, Emad Mostaque, Eric Schmidt, Demis Hassabis, Musk, François Organizations: Service, Business, Google, Invest, Investors, New York University, Nvidia, NVidia, Blackwell, Microsoft, Financial Locations: OpenAI, Sequoia
Mathisworks | Digitalvision Vectors | Getty ImagesLegal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence. The company told CNBC that it raised the fresh capital in a Series B funding round led by U.S. venture fund March Capital. "We had lots of interest from lots of VCs," Eleanor Lightbody, CEO of Luminance, told CNBC in an interview on Tuesday. Lightbody said that businesses are investing in AI tools like Luminance's to keep a competitive edge, as well as to reduce costs. Luminance is one firm of the many generating buzz from investors thanks to the hype swirling around artificial intelligence.
Persons: Slaughter, Eleanor Lightbody, Lightbody Organizations: CNBC, U.S, National Grid Partners, National Grid, Koch Industries, Hitachi, Yokogawa, Liberty Mutual, LG Chem, BBC Studios, University of Cambridge, Companies, Mistral, Microsoft, Amazon, Investors
A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.
Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China
Microsoft's hiring spree from the startup Inflection AI came amid concerns from the software giant's board about instability at OpenAI and internal doubts about consumer-AI vision and strategy, insiders said. Suleyman, who cofounded the AI pioneer DeepMind, is set to be CEO of Microsoft AI. Microsoft's consumer-AI vision needed a boostSome Microsoft insiders told Business Insider the company's consumer-AI strategy needed a boost and more of a visionary leader. As the new CEO of Microsoft AI, Suleyman's purview is set to include thousands of employees who report to Mikhail Parakhin. Parakhin has played a significant role in Microsoft's AI work and is generally respected within the company for his technical prowess.
Persons: Mustafa Suleyman, Karén Simonyan, Suleyman, they've, Mikhail Parakhin, Parakhin, Rajesh Jha, Jha wasn't, Jha, Microsoft's, Frank Shaw, Shaw, Sam Altman, Satya Nadella, Nadella hadn't, Nadella, Amy Hood, It's, didn't, OpenAI Organizations: Big Tech, Business, Microsoft, BI, Google, Insiders, Microsoft's Locations: OpenAI
Read previewThere's a running gag that Jensen Huang is to AI fanboys what Taylor Swift is to Swifties. Nvidia's GTC event, starting on Monday, should answer that. AdvertisementMatt Bryson, an analyst at Wedbush, expects Nvidia to lift the lid on the B100, the next-generation version of its H100 GPU. Can AI models eventually reason? Of course, industry watchers will look for any sign that the Nvidia and AI mania might be about to slow down.
Persons: , Jensen Huang, Taylor Swift, Sam Altman, Mark Zuckerberg, hasn't, Bojan Tunguz, Huang, Matt Bryson, Blackwell, It'll, Zuckerberg, he'll, JOSH EDELSON, Brad Lightcap, Arthur Mensch, Christian Szegedy, Elon Musk's, Aidan Gomez, Stanford's Fei, Fei Li, Wedbush's Bryson Organizations: Service, Nvidia, GPU Technology Conference, Business, Apple, Tech, Meta, Microsoft, Google, AMD Locations: San, Woodstock
Elon Musk filed a lawsuit against OpenAI and its CEO Sam Altman, years after he left the startup. "Elon Musk is the best PR stuntsman I've ever seen," Kyle Arteaga, the CEO of the national tech PR company, The Bulleit Group, said. Earlier this month, Altman told veteran tech reporter Kara Swisher that Musk was his "absolute hero" growing up. AdvertisementDuring the interview, Swisher told Altman she thought Musk's lawsuit was "nonsense." Representatives for Musk, Altman, and OpenAI did not immediately respond to a requests for comment by Business Insider.
Persons: Elon Musk, Sam Altman, Musk, , Elon, Altman, Muhammad Ali, Evan Nierman, Michael Kovac, OpenAI, Nierman, Sam Altman's, he's, xAI, Kyle Arteaga, Arteaga, it's, — Anthropic, He's, Tom Mueller, Alan Dunton, he'd, Musk's, you've, Dunton, JACK GUEZ, Ayelet Noff, Noff, Lex Fridman, Kara Swisher, Swisher, " Swisher Organizations: OpenAI, Service, Banyan, Yerba Buena Center, Arts, Microsoft, SpaceX, Musk, Communications, Elon, Getty, Business Locations: California, San Francisco, AFP, Altman's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy 'open' AI might be more marketing than realityAmong developers, Meta's latest open-source large language model, the Llama 2, is the hottest thing around. Wall Street also seems to be waking up to the proposition, with the stock far outperforming AI rivals like Google and Microsoft. But calling Meta's AI system "open source" is only part of the story. And the same might also apply to buzzy startups like Mistral and open source's loudest advocates like Elon Musk. This week on Tech Check, we break down the promise of open source AI vs the myth.
Persons: Elon Organizations: Google, Microsoft, Tech
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLago, a French startup that offers open-source billing software, has raised $22 million. Founded in 2021, Lago utilizes the open-source community to help businesses like Mistral, Together AI, and Swan manage their payments and billing needs. AdvertisementIn addition, Lago, which has around 30% of its business in the US, will begin to scale out its offering outside of Europe. Lago believes its flexibility around infrastructure will help it win more clients globally as businesses look to create more customizable revenue stacks.
Persons: , Lago, Swan, Matt Turck, Chuong, Turck Organizations: Service, Business, FirstMark, New Locations: Paris, Lago, Europe
"Customers trust Microsoft more than OpenAI since they already buy Microsoft's ecosystem," a Microsoft AI researcher told BI. "Almost everyone I know is working on Copilot to a certain extent," the Microsoft AI researcher told BI. "It's too premature to assume this is going to be a race to the bottom on price," another Microsoft executive said. Some Microsoft employees work so closely with OpenAI that they have badges to get into OpenAI's offices, and some OpenAI employees can badge into Microsoft locations. Mistral models will be offered to Microsoft customers along with about 1,600 other models including Cohere and Meta's Llama.
Persons: there's, Morgan Stanley, Satya Nadella, they've, they're, Frank Shaw, Shaw, That's, OpenAI, JPMorgan Chase, It's, Dentsu, Shiva Vannavada, Vannavada, Eric Boyd, Scott, John Montgomery, Asha Sharma, Ashley Stewart Organizations: Microsoft, Business, Enterprise, Walmart, JPMorgan, BI, Google, Dentsu, Product, Technology, Employees, Nvidia, DA Davidson, AI Services, AI Bot, OpenAI Locations: OpenAI, Mistral
"The Perks of Being a Wallflower," "The Fault in Our Stars," "New Moon" — none are safe from copyright infringement by leading artificial intelligence models, according to research released Wednesday by Patronus AI. The company, founded by ex-Meta researchers, specializes in evaluation and testing for large language models — the technology behind generative AI products. Alongside the release of its new tool, CopyrightCatcher, Patronus AI released results of an adversarial test meant to showcase how often four leading AI models respond to user queries using copyrighted text. The four models it tested were OpenAI's GPT-4, Anthropic's Claude 2, Meta's Llama 2 and Mistral AI's Mixtral. Patronus only tested the models using books under copyright protection in the U.S., choosing popular titles from cataloging website Goodreads.
Persons: OpenAI, Anthropic's Claude, AI's, Rebecca Qian, Patronus, Qian, Meta, Gillian Flynn, Bella, Michelle Obama's Organizations: Patronus, Meta, CNBC Locations: Frankfurt, Germany, U.S
It has reignited the savior complex of Silicon Valley's biggest personalities too. AdvertisementThough some questions are being asked about how much of a case Musk has here, the whole saga has offered plenty of incentive to Silicon Valley's more opinionated leaders to moralize on the future of AI. The open option — in theory at least — champions AI models that are transparent about how they're trained and collectively developed by a global community of developers. (2) Big companies, small companies, independent developers, and open source communities should be free to pursue AI. But which side of the battle the rest of Silicon Valley's AI leaders fall on will be watched just as closely.
Persons: , Elon, Sam Altman's OpenAI hasn't, OpenAI —, they're, Meta, Sam Altman, Andrew Caballero, Reynolds, Marc Andreessen, Vinod Khosla, Andreessen, shouldn't, isn't, 2VqL6T5qZe, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, OpenAI, Business, Getty, Manhattan, Chinese Communist Party, Big Locations: China, San Francisco, jure
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle vs. Google: The internal struggle holding back its AIInstead of a comeback, Google's Gemini AI chatbot and image generator have gone viral for all the wrong reasons – producing inaccurate and offensive responses. The missteps have put Google back on the defensive in the AI race. But the bigger question around Gemini's roll out is whether it underscores a painful but new corporate reality for Alphabet and CEO Sundar Pichai. Is Google's culture sabotaging its AI efforts? We discuss both sides after a week where other mega-caps are making strides in AI: Apple's Tim Cook talks AI strategy; Meta reportedly planning to launch Llama 3; Microsoft announces an investment in Mistral; and Nvidia's market cap touches $2 trillion.
Persons: Sundar Pichai, Tim Cook Organizations: Google, Microsoft Locations: Mistral
AdvertisementUsing AI to speak with AIMachine learning engineers Battle and Gallapudi didn't set out to expose the AI model as a Trekkie. Instead, they were trying to figure out if they could capitalize on the "positive thinking" trend. AdvertisementThis would suggest it's not only what you ask the AI model to do, but how you ask it to act while doing it that influences the quality of the output. Still, giving the models positive statements provided some surprising results. CBS via Getty ImagesThis doesn't mean you should ask your AI to speak like a Starfleet commanderLet's be clear: this research doesn't suggest you should ask AI to talk as if aboard the Starship Enterprise to get it to work.
Persons: , chatbots, Rick Battle, Teja, Gallapudi didn't, it's, Gollapudi, Spock, Let's, Catherine Flick, Flick Organizations: Service, Star, VMware, Business, New, Machine, AIs, CBS, Getty, Enterprise, Staffordshire University Locations: California
watch nowMicrosoft on Monday announced a new partnership with French start-up Mistral AI – Europe's answer to ChatGPT maker OpenAI — as the U.S. tech giant seeks to expand its footprint in the fast-evolving artificial intelligence industry. It will also see Microsoft bolster the start-up's access to new customers as it rolls out its ChatGPT-style multilingual conversational assistant "Le Chat," or "the cat." Mistral AI logo is displayed on a mobile phone screen. Anadolu | Getty ImagesMicrosoft President Brad Smith said on Monday that the deal was an "important" signal of the company's backing of European technology. "What we're fundamentally agreeing to a long-term partnership with Mistral AI so that they can train and deploy their next generation models for AI on our AI data centres, our infrastructure, effective immediately," he added.
Persons: OpenAI —, Le, Brad Smith, Smith, CNBC's Karen Tso Organizations: Microsoft, Monday, French, Anadolu, Getty, Europe, Mobile, Congress, Mistral Locations: U.S, Barcelona, Spain
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