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Search resuls for: "Rebecca Fannin"


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☆ In AI rivalry with the U.S., China is behind on a key asset: Its own OpenAI
  + stars: | 2024-03-31 | by ( Rebecca Fannin | ) www.cnbc.com   time to read: +4 min
In China, which is angling to produce its own chips or get more from Nvidia, no dominant gen AI contender to OpenAI has emerged yet among dozens of Chinese tech titans and startups. Last year, funding of gen AI upstarts accounted for nearly half of $42.5 billion invested globally in artificial intelligence companies, according to CB Insights. "China is at a big disadvantage in building the foundation models for Gen AI," said Rui Ma, an AI investor and co-founder of investment syndicate and podcast TechBuzz China. China does have the tech talent to make a difference in the AI rivalry in the years ahead. Additionally, among top-tier AI researchers working at U.S. institutions, 38% have China as their country of origin, compared with 37% from the U.S.New Chinese gen AI market entries can also reach mass adoption quickly.
Persons: Ernie Bot, OpenAI, Paul Triolo, Jenny Xiao, Rui Ma, Triolo, Sora, Ma, Marco Polo, Baidu's, Ernie, Leong Organizations: Global, Trade, Hangzhou International, Nvidia, tech titans, titans Microsoft, Google, Amazon, U.S, Dentons Global Advisors, Leonis Capital, OpenAI, Paulson Institute, U.S ., Samsung, Apple, Baidu Locations: Hangzhou, Zhejiang Province, China, Washington ,, Silicon, San Francisco, The U.S, U.S, OpenAI
☆ After closed door OpenAI drama, open source AI backed by Nvidia, Eric Schmidt, could emerge winner
  + stars: | 2023-11-22 | by ( Rebecca Fannin | ) www.cnbc.com   time to read: +5 min
The Hugging Face website on a laptop arranged in New York, US, on Thursday, Aug. 17, 2023. "We should encourage all companies to build on disruption-proof AI technology that only open source can offer." To be clear, big bets made on open source AI pre-date last Friday when news first broke of Sam Altman's removal as OpenAI CEO, and those bets include an open source AI model controlled by one dominant tech company, Meta Platforms ' Llama. Open source and AI governanceFormer Google CEO Eric Schmidt is behind Mistral AI, another open source rival to OpenAI's ChatGPT. A third open source AI startup, Poolside AI, recently pulled in $126 million co-led by French telecom and internet billionaire Xavier Niel and U.S. VC firm Felicis Ventures.
Persons: Gabby Jones, Eric Schmidt, Sam Altman, Microsoft —, Mike Gualtieri, Forrester, Marc Benioff, Delip Rao, Sam Altman's, Thomas Wolf, We've, Wolf, Linus Torvalds, Paul Drews, OpenAI's, Arthur Mensch, Mistral, Xavier Niel Organizations: Nvidia, Bloomberg, Getty Images Tech, Salesforce, Qualcomm, Microsoft, Twitter, Google, Meta, IBM, Intel, Sequoia Capital, Salesforce Ventures, Mistral, alums, Lightspeed Venture Partners, French, . VC, Felicis Ventures Locations: New York, France
☆ The female venture capitalist creating billions in a new world of work beyond the office
  + stars: | 2022-10-15 | by ( Rebecca Fannin | ) www.cnbc.com   time to read: +11 min
Worklife Ventures holds weekly meetings for its portfolio company founders to seek advice from successful Silicon Valley operators. You have to have an eye out for people and for new tools," Kimmel said. Worklife Ventures is betting on good returns from its 50 investments in startups, and with nine of them as unicorns, the stakes are high. With venture funds typically having a 10-year life cycle before investment returns are tallied, Worklife Ventures still has a ways to go. Join us October 25 - 26, 2022 for the CNBC Work Summit — Dislocation, Negotiation, and Determination: The World of Work Right Now.
☆ What Kroger, Walmart, Target learned from China's Alibaba about grocery's future
  + stars: | 2022-09-25 | by ( Rebecca Fannin | ) www.cnbc.com   time to read: +5 min
Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. They looked at the New Retail model born in China for complete integration of offline and online channels," he said. But the action was jumpstarted when Amazon bought Whole Foods Market in 2017 and began introducing several advanced technologies to streamline in-store shopping, a shift that also spread to large retailers Walmart and Target. Kroger digital sales gained by 8 percent in the second quarter of 2022, while in-store and online combined gained 5.8 percent from a year earlier. He pointed out that "half of Kroger's app stores are bringing in incremental business and half are cannibalizing in-store sales."
☆ From Boeing Starliner to Goodyear Tesla tire, 3-D printing is becoming manufacturing reality
  + stars: | 2022-07-31 | by ( Rebecca Fannin | ) www.cnbc.com   time to read: +7 min
Currently, about 2% of its production is through additive manufacturing and more integration into the mix is in sight. 3-D printing is not for every job. Prices for industrial 3-D printing machines can vary from $25,000 to $500,000 and up to $1 million for huge systems. But stock market reception of 3-D printing as a pure-play investment theme has not been good in recent years. Pivoting to 3-D printing was the company's "Kodak moment," said owner and president Mark Lamoncha.
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