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Search resuls for: "Hayden Field Kif Leswing"


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☆ Generative AI 'FOMO' is driving tech heavyweights to invest billions of dollars in startups
  + stars: | 2024-03-30 | by ( Hayden Field Kif Leswing | Hayden Field | Kif Leswing | ) www.cnbc.com   time to read: +9 min
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
☆ Nvidia holdings disclosure pumps up shares of small AI companies
  + stars: | 2024-02-15 | by ( Hayden Field Kif Leswing | Hayden Field | Kif Leswing | ) www.cnbc.com   time to read: +4 min
Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Nvidia shares are up more than 200% over the past 12 months due to seemingly limitless demand for its AI chips, which underpin powerful AI models from Google, Amazon, OpenAI and others. TuSimple, an autonomous trucking company, rocketed 40% on Thursday after the disclosure of Nvidia's $3 million stake. Nvidia bought $50 million worth of shares in 2023 and now has an investment worth $76 million, according to its filing. In recent years, Nvidia has backed hot AI startups including Cohere, Hugging Face, CoreWeave and Perplexity.
Persons: Jensen Huang, SoundHound, TuSimple, what's, Nvidia's, they're, Jonathan Cohen Organizations: Nvidia, Investors, Apple, Microsoft, Google, Zebra, Nasdaq, Committee Locations: Taipei, U.S, SoundHound, TuSimple
☆ Microsoft secures non-voting board seat at OpenAI
  + stars: | 2023-11-29 | by ( Hayden Field Kif Leswing | Hayden Field | Kif Leswing | ) www.cnbc.com   time to read: +2 min
Sam Altman, chief executive officer (CEO) of OpenAI and inventor of the AI software ChatGPT, joins the Technical University of Munich (TUM) for a panel discussion. Microsoft will have a non-voting board seat at OpenAI, the company announced on Wednesday. OpenAI's outlook has been intertwined with Microsoft since the software giant invested $13 billion into OpenAI and integrated its AI models into Office and other Microsoft programs. Previously, Microsoft did not have official representation on the board of directors that controlled the startup, allowing it to be surprised when Altman was first fired. A Microsoft spokesperson declined to identify the person who will join OpenAI board meetings but will not have a vote.
Persons: Sam Altman, Altman, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Mira Murati, Greg Brockman, Taylor Organizations: Technical University of Munich, Microsoft Locations: OpenAI
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