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Inflection AI unveiled a new strategy to focus on building empathetic chatbots for businesses. It comes after Mustafa Suleyman resigned as CEO and joined Microsoft with most of the team. The startup's new leadership team told VentureBeat that it's "well funded for 18 months." The startup laid out a rehashed strategy following its partial implosion about two months after CEO Mustafa Suleyman decamped to Microsoft along with most of its 70 staff. Inflection's executive team told VentureBeat that its new plan of action is focusing on business-centric "empathetic" chatbots to help stand out in the highly competitive AI sphere.
Persons: Mustafa Suleyman, VentureBeat, , Mustafa Suleyman decamped Organizations: Microsoft, Service, Business
Read previewWhether you like it or not, Sam Altman just let you know you're getting an AI best pal. Advertisement"I see you're rocking an OpenAI hoodie, nice choice," ChatGPT told a user in one demo. the AI bot said, before delivering a story about a robot named Bite in dramatic, singing, and robotic voices, depending on the request from the user. This is where AI labs are leading us: to a near future of AI as coworker, friend, and ubiquitous presence," Mollick wrote on Substack. AdvertisementIt's something its rivals will pay close attention to, with the possibility of a new battle emerging between companies trying to release the most human, friendly AI bot they can.
Persons: , Sam Altman, Mira Murati, Altman, Scarlett Johansson, Spike Jonze's, ChatGPT, Barrett —, he'd, Joaquin Phoenix's, Samantha, Ethan Mollick, Mollick, OpenAI, Mustafa Suleyman, Siri Organizations: Service, Business, Wharton University, Microsoft, Apple
In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.
Persons: , Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London
Less than four years later, Google acquired it for more than $500 million. AdvertisementWith Hassabis at the helm, the Google DeepMind is at the forefront of Google's AI push. Speaking about Suleyman, Hassabis told the newspaper: "Most of what he has learned about AI comes from working with me over all these years." AdvertisementLondon callingOne of Suleyman's first moves as Microsoft's newly installed AI chief was to launch an AI hub in London, which is also home to Google DeepMind. The move could prove savvy for Microsoft as major tech companies eye up Google's high-quality pool of AI talent.
Persons: , Microsoft's Mustafa Suleyman, Suleyman, Hassabis, Shane Legg, Eric Schmidt, Schmidt, he's, he'd, Suleyman didn't Organizations: Service, University of Cambridge, Business, Google, Big, The New York Times, Fast Company, Microsoft, Greylock Partners, Hassabis Locations: London, DeepMind
Read previewOpenAI rival Cohere has unveiled an updated AI model it says is more useful and cheaper to run than GPT-4. The AI startup says it is rolling out the ability to fine-tune its Command R AI model, allowing it to outperform larger models like GPT-4 in some use cases while costing up to fifteen times less to operate. Similarly, when analyzing financial data Command R was 6.2% more accurate than GPT-4 and 5.3% more accurate than Claude. AdvertisementCohere said that as Command R, which initially launched in March, is significantly smaller than the likes of GPT-4, it costs much less to run. Related storiesFine-tuning on the Command R model is available on Cohere's platform from Thursday, with availability on other platforms coming in the near future.
Persons: , Cohere, Nick Frosst, Claude Opus, Claude, Mark Zuckerberg, Sam Altman, Altman, they're, Frosst, It's, Emad Mostaque, Mustafa Suleyman, We're Organizations: Service, Business, Amazon, GPT, Command, Meta, Intelligence, Stanford University, Cohere, Big Tech, Stability, Microsoft Locations: GPT, Toronto
Mustafa Suleyman, a founder of Google's DeepMind AI lab, has worked for Microsoft for about a month. Microsoft, Suleyman said, is "a truly AI-first business." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMustafa Suleyman, who co-founded Google's DeepMind AI lab and was the chief executive of the startup Inflection AI before Microsoft lured him away in March, is excited about his new gig. 5/5 At Microsoft AI we are up for this.
Persons: Mustafa Suleyman, Google's, Suleyman, , I've, It's, it's, — Mustafa Suleyman, Satya Nadella, Kevin Scott, Nadella, Suleyman's, he's Organizations: Microsoft, Service, Business
Microsoft is building its own AI model dubbed MAI-1, The Information reported. It's a sign Microsoft is ready to depend less on the ChatGPT maker as the AI wars heat up. AdvertisementMicrosoft is reportedly working on its own AI model separately from OpenAI — a chance for CEO Satya Nadella to prove his company doesn't need the ChatGPT maker to get ahead in the AI wars. Microsoft is working on building an in-house large language model model it calls MAI-1, The Information reported earlier this week. That's on top of the smaller, less advanced models Microsoft is developing for smartphone apps, reflecting the tech titan's multi-pronged approach to developing advanced AI.
Persons: Mustafa Suleyman, It's, , Satya Nadella, Nadella, Google's DeepMind, Kevin Scott, Scott, it's, Microsoft didn't Organizations: Microsoft, Service, MAI, Meta, Business, Microsoft's Locations: ChatGPT, Seattle
In fact, Business Insider has learned, Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes. The company, Nadella promised, would "continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward." According to two executives, Gates' memo treated as gospel, sparking Microsoft's push to take the lead in the AI arms race. Now, it seemed, OpenAI might offer Microsoft a way to help forge the AI future that Gates had long envisioned. According to two executives, Gates' words were treated as gospel, helping spark Microsoft's push to take the lead in the AI arms race.
Persons: Bill Gates, Satya Nadella, Gates, Siri, They're, Clippy, Copilot, That's, Sam Altman, — Gates, Satya, Nadella, Steve Ballmer, Peter Thiel bashed, Bill, Melinda, Jeffrey Epstein, Nadella's, Rather, OpenAI, Kevin Scott, Scott, Altman, you'll, OpenAI's, Bing —, Bing, Steve, Sam, Kayla Wood, Frank Shaw, Shaw, , Charles Lamanna, Jaime Teevan, Jeff Teper, Charlie Bell —, He's, Forbes, Mustafa Suleyman, DeepMind, Bill G, Suleyman, aren't, hadn't, there's, Ashley Stewart Organizations: Microsoft, Agents, Business, Google, Wired, Street Journal, Rover, Steve Jobs, OpenAI, Amazon Web Services Locations: Tay, Gates, Clippy, Washington, Redmond , Washington, Seattle
Today, they are two of the most powerful executives in the tech industry’s race to build artificial intelligence. Dr. Hassabis, 47, is the chief executive of Google DeepMind, the tech giant’s central research lab for artificial intelligence. Mr. Suleyman, 39, was recently named chief executive of Microsoft AI, charged with overseeing the company’s push into A.I. In 2010, they were two of the three founders of DeepMind, a seminal A.I. research lab that was supposed to prevent the very thing they are now deeply involved in: an escalating race by profit-driven companies to build and deploy A.I.
Persons: Mustafa Suleyman, Hassabis, Demis, , Suleyman Organizations: National Health Service, Queen Elizabeth’s, Google, Microsoft, Big Tech, DeepMind Locations: Syrian, Cypriot, London
Former Bing chief Mikhail Parakhin appeared to subtly criticize Microsoft AI CEO Mustafa Suleyman. Parakhin wrote it's "hard to disagree" when an X user said "we need you." The comment was in response to a post quoting Suleyman's recent TED Talk that was blasted by VCs. Mikhail Parakhin, who stepped down from his role just days after Suleyman became CEO of Microsoft AI, commented under an X post about the DeepMind cofounder. An X user wrote "We need you ngl" (short for "not gonna lie") under a post summarizing Suleyman's TED Talk last week, which some critics have been ripping into.
Persons: Mikhail Parakhin, Mustafa Suleyman, Parakhin, Suleyman's, , Suleyman Organizations: Bing, Microsoft, VCs, Service, Business
Turkey may deploy its Russian S-400 Triumf air defenses on the Iraqi border. Turkiye newspaper reported earlier this month that Turkey's S-400s may be deployed on the border, implying it will defend against drones allegedly acquired by the PKK. Since then, there has been no indication that Turkey's S-400s have been put into operation. "However, Turkey may use the potential threat of Iran-linked militia groups or PKK as a pretext to deploy S-400s." "Such a goal was unattainable and unrealistic given the extent of Turkey's integration into the NATO defense system," Ozeren said.
Persons: , Hulusi Akar, Ali Bakir, Bakir, Suleyman Ozeren, Ozeren, Recep Tayyip Erdogan's, State Victoria Nuland Organizations: Service, Kurdistan Workers ' Party, PKK, Defense, Ibn Khaldon, Security Initiative, Business, Northern, American University, Orion Policy Institute, NATO, State Locations: Turkey, Russian, Israel, Iran, Iraqi Kurdistan, Ankara, Washington, Turkish, Qatar, Northern Iraq, Turkey's, Iraq, Moscow, Russia, NATO
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
Microsoft has reported significant revenue growth from clients running AI models in its Azure public cloud, and the company wants to keep the trend going by rolling out new AI features for developers. The new head of Microsoft AI, Mustafa Suleyman, will take the stage alongside CEO Satya Nadella and other longtime executives during the show's opening keynote in Seattle. Suleyman — a cofounder of DeepMind, the AI startup that Google acquired in 2014 — joined Microsoft last month from startup Inflection AI. The software maker will also talk about new AI features "that allow users deeper interaction with their digital lives on Windows," according to one session description. At Build, Microsoft plans to discuss how Windows apps will be able to tap Arm-based neural processing engines, or NPUs, for AI.
Persons: Mustafa Suleyman, Nadella, Satya Nadella, Suleyman —, , Dan Ives Organizations: Ltd, Economic, Microsoft, Microsoft's, DeepMind, Google, Windows, Intel Locations: Davos, Switzerland, Seattle
AdvertisementMicrosoft is opening a new artificial-intelligence unit in London, putting itself firmly on the turf of its biggest AI rival: Google DeepMind. In the battle for top AI talent, a bigger London presence could be a savvy move for Microsoft. Related storiesLast year, in response to increased pressure from rivals such as OpenAI, Google merged DeepMind with its central AI unit Brain, forming the new Google DeepMind. Meta itself recently lost three top AI employees, while Google has lost a steady stream of employees to OpenAI over the past year. As the Big Tech AI arms race for talent continues to heat up, Google may have to work even harder to stem the bleeding.
Persons: , Mustafa Suleyman, Suleyman, Jordan Huffman, It's, OpenAI's, Alex Libre, BI's Aaron Mok, Sergey Brin, OpenAI, Mustafa Suleyman's Organizations: Microsoft, Google, Service, Gemini, Meta, who's, Big Tech Locations: London
"The talent war for AI is the craziest talent war I've ever seen!" Advertisement"They have been aggressively recruiting Tesla engineers with massive compensation offers and have unfortunately been successful in a few cases," Musk wrote about OpenAI. Related storiesMusk and xAI didn't immediately respond to a request for comment from Business Insider before publication. AdvertisementHiking salaries is one of a series of tactics Big Tech leaders use to recruit the best AI talent. "There is undoubtedly a shortage in AI talent," Libre says.
Persons: , Elon Musk, Tesla, Ethan Knight, Knight, Musk, didn't, Alex Libre, Mark Zuckerberg, Google's, Sergey Brin, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, J.T, O'Donnell Organizations: Service, Business, Autonomy, Big Tech, Meta, Google, OpenAI, Companies Locations: OpenAI
AI startup Inflection raised over $1.5 billion from investors including Bill Gates, Eric Schmidt, and Nvidia. Last month, Microsoft hired Inflection cofounders and most of its staff, leaving the startup a shell of its former self. One exec who was preparing to start in a new role at Inflection had misgivings following the news. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft's unusual Inflection deal may have dented the startup's ability to recruit technical talent, according to an internal email obtained by Business Insider.
Persons: Bill Gates, Eric Schmidt, , Greylock, Reid Hoffman, Calvin Lee, Mustafa Suleyman, Lee Organizations: Nvidia, Microsoft, Service, Business, Management, Uber
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
Google just scored a big win in the AI talent war
  + stars: | 2024-04-03 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +3 min
Some observers say it's a big win for Google to secure OpenAI's "secret weapon." Kilpatrick's move comes as Big Tech firms vie for top expertise in an AI talent war. The move shows the transfer window of AI expertise is firmly open as Big Tech companies battle it out to lure top AI talent. Google AI Studio lets developers integrate Gemini with APIs to create generative AI applications that are also known as "wrappers". Intel's senior AI developers community lead, Ryan Carson, wrote on X: "Things are movin' and shakin' in the AI industry.
Persons: OpenAI's, Logan Kilpatrick, , OpenAI, he's, Mustafa Suleyman, Satya Nadella's, Bruce Monaco, Monaco, Kilpatrick, Ryan Carson, Logan, He's, Mark Zuckerberg, Google's, Sergey Brin, it's, Aravind Srinivas, who's Organizations: Google, Big Tech, Service, Studio, Microsoft, AI, Workers, Meta, Business Locations: OpenAI
The AI startup Inflection raised over $1.5 billion from investors including Bill Gates and Nvidia. Last month, Microsoft hired its cofounders and most of its staff, leaving it a shell of its former self. One exec who was preparing to start in a new role at Inflection had misgivings following the news. Microsoft's unusual Inflection deal may have dented the startup's ability to recruit technical talent, according to an internal email obtained by Business Insider. Calvin Lee, a former director of product management at Uber, was hired as a product lead at Inflection.
Persons: Bill Gates, Reid Hoffman, Calvin Lee, Mustafa Suleyman, Lee Organizations: Nvidia, Microsoft, Business Locations: Greylock
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
Inside the AI talent-hiring frenzy
  + stars: | 2024-03-27 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +6 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe fight to hire the best AI talent is heating up as companies large and small compete in the race to create the best products in the booming sector. Last week, Mustafa Suleyman, the cofounder of Google's DeepMind, left his startup Inflection AI to lead tech giant Microsoft's consumer AI division as CEO. "AI talents are some of the most highly compensated in today's job market," Alex Libre, the cofounder and principal recruiter of Einstellen Talent, a service that matches job candidates with generative AI startups, told BI. Related stories"There is undoubtedly a shortage in AI talent," Libre says.
Persons: , Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, pricey, Sam Altman's, OpenAI, Salesforce, J.T, O'Donnell, Alex Libre, He's, They're, Ray, Flavien, Coronini Organizations: Service, Meta, Business, Big Tech, Companies, Tech, Libre, Big, . Workers, Microsoft
Bing chief Mikhail Parakhin is leaving the role and will report to Microsoft's CTO in the meantime. The reorganization comes days after Satya Nadella tapped Mustafa Suleyman to lead its AI efforts. Days after Satya Nadella announced he was bringing Inflection AI's cofounder Mustafa Suleyman into the mix as its EVP and CEO of Microsoft AI, Mikhail Parakhin has "decided to explore new roles." Related storiesParakhin, who led the company's Bing search engine and advertising businesses, will report to Microsoft CTO Kevin Scott. AdvertisementMicrosoft has built AI into its Bing search engine and created other AI tools for Windows and Office under the Copilot brand over the last year.
Persons: Bing, Mikhail Parakhin, Parakhin, Satya Nadella, Mustafa Suleyman, , Kevin Scott, Pavan, Rajesh Jha, Microsoft's, Satya, Nadella, Suleyman, Karén Simonyan, Simonyan, Nadella's, Microsoft didn't Organizations: Service, Microsoft, Google, Windows, Bloomberg
AI companies run into hurdlesOne of the more eye-opening developments of this new phase came last week from a barely two-year-old OpenAI rival named Inflection AI. Related storiesIt has quickly become apparent that Inflection AI wasn't the only one struggling, however. Stability's Mostaque, meanwhile, seems to have conceded that Big Tech companies wield unassailable power in AI. In a post on X, he said that centralized AI was not going to be beaten with "more centralized AI". Not going to beat centralized AI with more centralized AI.
Persons: , Bill Gates, Mustafa Suleyman, DeepMind, Suleyman, Reid Hoffman, Gates, Eric Schmidt, Emad Mostaque, Googlers —, Ali Barr, Pi, Cohere, Stability's Mostaque, ike C oatue Organizations: Service, Nasdaq, Business, Big Tech, Microsoft, Nvidia
Microsoft said Monday it has selected company veteran Pavan Davuluri to lead its Windows operating system and Surface devices teams. Davuluri's promotion comes a week after Microsoft said it was hiring former DeepMind co-founder Mustafa Suleyman as the head of a new organization called Microsoft AI. The Windows team will continue to work closely with the Microsoft AI team on AI, silicon, and experiences.The Web Experiences team will report into Mustafa in the new Microsoft AI organization. Mike Davidson continues to lead Design and will work with Pavan and team on how to realign Windows design. They will join the Microsoft AI leadership team along with Jordi, Mike, and Rukmini, all reporting to Mustafa.We are excited for this team to help Microsoft AI achieve its bold ambition to build world-class consumer AI products.
Persons: Pavan Davuluri, Panos Panay, DeepMind, Mustafa Suleyman, Mikhail Parakhin, Parakhin, Kevin Scott, Rajesh Jha, Davuluri, Read, Satya, Shilpa Ranganathan, Jeff Johnson, Mustafa, Jordi Ribas, Andrey Proskurin, Fatima Kardar, Nick Lee, Rukmini Iyer, Paul Viola, Weiqing, Mike Davidson, Pavan, Ali Akgun, Kya Sainsbury, Carter, Qi Zhang, Rajesh Sundaram's, Jordi, Mike, Rukmini Organizations: Microsoft, Windows, Bing, WWE
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we've made a March Madness bracket to decide the biggest topics in business, tech, and innovation, and we need you to vote . [2] Interest rates vs. [7] US-China relations: The biggest question in the market is when the Federal Reserve will lower rates. China doesn't have as direct an impact on US businesses as interest rates, but it's not far behind. Anna Moneymaker/Getty ImagesThe Fed holds the line on interest rates.
Persons: , Jensen, we've, ya, Kevin Frayer, Chelsea Jia Feng, it's, Elon Musk, Jerome Powell, Anna Moneymaker, he's, Goldman Sachs, Russell Horwitz, hasn't, Greg Doherty, Mustafa Suleyman, Karén Simonyan, Sam Altman, Alex Nabaum, It's, Elon Musk's Neuralink, Noland Arbaugh, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Federal Reserve, EV, Boomers, Fed, UBS, BI, Wall, Variety, New York Stock Exchange, Microsoft, Amazon, FedEx, Nike Locations: China, VCs, Valley, New York, London
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