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☆ Google shares pop 5% after company announces Gemini AI model
▼ + stars: | 2023-12-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Shares of Google closed up 5% Thursday, a day after the company announced its latest artificial intelligence model called Gemini that will compete with products from OpenAI, Microsoft and Meta . But Wells Fargo's trading desk also said the big question is what Google's monetization for Gemini looks like. "In short, I'd summarize GOOG as proving that they still have some bite." Analysts at Bank of America said Wednesday that Alphabet has been under pressure from concerns over Google's AI capabilities this year, so a "well-branded," competitive model could have upsides for its consumer search activity and Cloud enterprise sales. "We think Google has strong AI capabilities, and data suggesting that Google has best in class, proprietary, AI capabilities can be positive for the shares in 1H'24," the analysts wrote in a note.

Persons: Wells Organizations: Google, Microsoft, Meta, Bank of America, 1H

☆ Nondisclosure Agreements Get Trickier Under New SEC Scrutiny
▼ + stars: | 2023-12-05 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

Provisions that impede an individual from communicating with the SEC are unlawful under the Dodd-Frank Act. Photo: Spencer Platt/Getty ImagesCompanies have long used employee nondisclosure agreements to protect proprietary information. Now, regulators are trying to ensure that clauses in those agreements don’t also serve to inhibit whistleblowers from reporting potential corporate wrongdoing. In recent months, the U.S. Securities and Exchange Commission has taken a number of actions against companies whose various employment contracts have language that might hold employees back from reporting misconduct to regulators. A watershed moment came in September, when the SEC fined hedge fund D.E.

Persons: Dodd, Frank, Spencer Platt, Shaw Organizations: SEC, Getty, Companies, U.S . Securities, Exchange Commission

☆ Meta and IBM launch alliance advocating 'open science' approach to AI, putting them at odds with rivals like Google and OpenAI
▼ + stars: | 2023-12-05 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Meta and IBM have launched an alliance that's calling for an "open science" approach to AI development. Facebook parent Meta and IBM on Tuesday launched a new group called the AI Alliance that's advocating for an "open science" approach to AI development that puts them at odds with rivals Google, Microsoft and ChatGPT-maker OpenAI. AdvertisementPart of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Biden's order described open models with the technical name of "dual-use foundation models with widely available weights" and said they needed further study.

Persons: —, they're, That's, Darío Gil, Alliance —, Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, Oppenheimer, Camille Carlton, Yann LeCun, LeCun, fearmongering, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Meta, IBM, Google, Microsoft, Service, Tech, Alliance, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

These two diverging camps — the open and the closed — disagree about whether to build AI in a way that makes the underlying technology widely accessible. "So it’s not like a thing that is locked in a barrel and no one knows what they are.”Political Cartoons View All 1277 ImagesWHAT'S OPEN-SOURCE AI? Part of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Weights are numerical parameters that influence how an AI model performs.

Persons: they’re, That's, ”, Darío Gil, Alliance —, ” Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, “, Oppenheimer ’, Camille Carlton, Yann LeCun, LeCun, fearmongering, ” LeCun, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Tech, Meta, IBM, Alliance, Google, Microsoft, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

☆ Here's an exclusive look at the pitch deck that Martian, an AI startup that helps developers find the best LLM, used to raise $9 million from investors like NEA and Prosus Ventures
▼ + stars: | 2023-12-05 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +3 min

They set up a 30-minute meeting because of their shared interest in advancing AI technology and research. Now, the company has come out the gate with $9 million in seed funding in a round co-led by NEA and Prosus Ventures. "You often need an entire AI team to go and test and evaluate these models," Ginsburg said. Going forward, Ginsberg and Upadhyay hope to attract more enterprise customers and continue their research into AI models to make routing even more efficient and "build more awesome tooling." See the eight-slide deck that convinced investors at NEA, Prosus Ventures, Carya Venture Partners, and General Catalyst to invest in Martian's $9 million seed round:

Persons: Etan Ginsberg, Shriyash Upadhyay, cofounders, Upadhyay, Catalyst, Claude —, Ginsburg, Ginsberg weren't, Ginsberg Organizations: University of Pennsylvania, Business, NEA, Prosus Ventures, Carya Venture Partners, Catalyst

☆ AT&T chooses Ericsson for new U.S telecom network, will drop Nokia
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: +2 min

New networks by Dish and Japan's Rakuten use Open RAN. "All of the new equipment that we are going to be putting out will be Open RAN capable," Chris Sambar, president of AT&T Network, told Reuters. Winning the Open RAN deal will make Ericsson the largest supplier to AT&T as it slowly takes over Nokia's share, the company said. AT&T will still have contracts which other Open RAN vendors outside this deal. AT&T expects fully integrated Open RAN sites operating in coordination with Ericsson and Fujitsu, starting in 2024.

Persons: Chris Sambar, Sambar, You've Organizations: Ericsson, Mobile, Nokia, Huawei, Telefonica, Vodafone, Dish, RAN, AT, T Network, Reuters, Samsung, Verizon, U.S ., Fujitsu Locations: Barcelona, Spain, ORAN, United States, New York

New networks by Dish (DISH.O) and Japan's Rakuten (4755.T) use Open RAN. "All of the new equipment that we are going to be putting out will be Open RAN capable," Chris Sambar, president of AT&T Network, told Reuters. Winning the Open RAN deal will make Ericsson the largest supplier to AT&T as it slowly takes over Nokia's share, the company said. AT&T will still have contracts which other Open RAN vendors outside this deal. AT&T expects fully integrated Open RAN sites operating in coordination with Ericsson and Fujitsu (6702.T), starting in 2024.

Persons: Brendan McDermid, Japan's Rakuten, Chris Sambar, Sambar, You've, Supantha Mukherjee, Matthew Lewis Organizations: New York Stock Exchange, REUTERS, Rights, Ericsson, Nokia, Huawei, Telefonica, Vodafone, RAN, AT, T Network, Reuters, Samsung, Verizon, U.S ., Fujitsu, Thomson Locations: New York, U.S, ORAN, United States, Stockholm

MP Materials (MP.N), Lynas Rare Earths (LYC.AX) and other Western rare earths companies have struggled at times to deploy it due to technical complexities and pollution concerns. "The existing rare earths refining process is a nightmare," said Isabel Barton, a mining and geological engineering professor at the University of Arizona. Fannon and several U.S. politicians have called for Western governments to create central rare earths processing hubs, a plan already being pursued by Canada. In Saskatchewan, government scientists are working to launch their own rare earths processing technology after attempts to buy Chinese technology sputtered in 2020. "These new sources for rare earths are going to be paramount if we're going to reach global net zero targets," said Steve Schoffstall of the Sprott Energy Transition Materials ETF (SETM.O), which holds shares in several rare earths companies.

Persons: Isabel Barton, Michael Schrider, Ucore, Luisa Moreno, REETec, Robert Fox, Frank Fannon, Mike Crabtree, Crabtree, Steve Schoffstall, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: International Energy Agency, University of Arizona, U.S . Air Force, Pentagon, Defense Metals, U.S . Department of Energy's, U.S . Department of Energy's Idaho National Laboratory, Saskatchewan Research Council, SRC, Ucore, Reuters, Thomson Locations: ALEXANDRIA, Louisiana, China, United States, U.S, American, Alaska, of New Orleans, British Columbia, South Africa, Florida, Norway, Massachusetts, U.S . Department of Energy's Idaho, Wyoming, Canada, Saskatchewan

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

The AT&T logo is seen on a store in Golden, Colorado United States July 25, 2017. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsSTOCKHOLM, Dec 4 (Reuters) - AT&T (T.N) said on Monday it plans to use so-called ORAN technology for 70% of its wireless network traffic in the United States by late 2026 and will move from two telecom vendors to one. While the technology has been tested by several telecom providers, it has not been widely adopted. AT&T's push for the technology will likely be a major boost for Open RAN. The U.S. telecom company's spending could approach roughly $14 billion over the five-year term of the contract with that one vendor, the company said.

Persons: Rick Wilking, Supantha Mukherjee, Matthew Lewis Organizations: Golden , Colorado United, REUTERS, Rights, Open RAN, Ericsson, Nokia, Thomson Locations: Golden ,, Golden , Colorado United States, ORAN, United States, U.S, Stockholm

☆ How adult-content and OnlyFans star Riley Reid plans to 'immortalize' herself using AI and new chatbot tech
▼ + stars: | 2023-12-04 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

The adult-content and OnlyFans star Riley Reid recently launched an AI platform, Clona, with a chatbot based on herself. I feel so lucky I've had the opportunity to create Riley Reid as a mainstream name. Riley Reid has been in the adult-content industry for over a decade. Reid cofounded Clona based on an idea her team had when they began noticing the success of AI chatbots like ChatGPT. "You can request your AI Riley to give herself a purple mohawk if that's what you're into, because real-life Riley would never do that."

Persons: Riley Reid, Reid, I'm, I've, she'd, Clona, chatbots, Lena, Paris Hilton, Tom Brady, Amber, Brady's, Riley, she's, that's Organizations: Business, Meta, Paris

☆ Can an AI chatbot be convicted of an illegal wiretap? A case against Gap's Old Navy may answer that
▼ + stars: | 2023-12-03 | by ( Ellen Sheng | ) www.cnbc.com time to read: +5 min

The suit also alleges that Old Navy unlawfully shares consumer data with third parties without informing consumers or seeking consent. Old Navy, through its parent company Gap, declined to comment. Old Navy isn't the only one to face similar charges. For now, states have different privacy rules, but there is no unifying federal-level regulation about online privacy. With no comprehensive federal online privacy legislation, companies are free to charge ahead without having to put privacy protections in place.

Persons: Irina Raicu, Raicu, It's, Ari Lightman Organizations: Navy, Central District of, Old, Home Depot, General Motors, Ford, JCPenney, Markkula Center, Applied, Santa Clara University . Companies, Companies, JPMorgan, Verizon, Old Navy, Carnegie Mellon University's Heinz College Locations: Central District, Central District of California, California, U.S, Europe, Canada, Europe . Colorado , Connecticut , Utah, Virginia, Delaware, Florida, Iowa

☆ The world is splitting between those who use ChatGPT to get better, smarter, richer — and everyone else
▼ + stars: | 2023-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

There is growing evidence that artificial intelligence tools such as ChatGPT can make you more efficient and capable at work. And the effect will be particularly noticeable if no one else in the company is using AI in this way. All said that outsourcing time-consuming, small jobs to AI tools freed up their time. AI at work still needs careful handlingThere are obvious caveats to using AI to do your work for you. Some companies also have specific rules for AI tools due to fears around copyright or data security.

Persons: ChatGPT, —, OpenAI's, techies, Google's, Matt Calkins, Appian, It's, Shakespeare, Shona Ghosh Organizations: Service, Harvard Business School, Boston Consulting, Developers, Microsoft, Workers

☆ Sam Altman suddenly looks less powerful. The panic caused by OpenAI's near-death experience is to blame.
▼ + stars: | 2023-11-30 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

VCs threatened to sue OpenAI's board, and some jockeyed to get in on whatever new situation might replace the fizzled startup. And in OpenAI's case, Altman was brought back as CEO and all the employees stayed. AdvertisementUntil this moment, the consensus was that Altman came through this crisis looking even more powerful and crucial to OpenAI's future. 'The company will be totally fine without me'Silicon Valley just realized that the fate of the world's most important AI company rested in the hands of just one person. The startup's near-death experience unsettled the companies and developers that have come to rely on OpenAI's artificial intelligence platform.

Persons: OpenAI, Altman, —, Sam Altman, VCs, OpenAI's, Wesley Chan, Claude, Guillermo Rauch, Rauch, pinged Rauch, –, Bret Taylor, Madeline Renbarger Organizations: Service, Microsoft, FDIC, FPV Ventures, Google, Services Locations: Silicon Valley, It's

☆ On ChatGPT's one-year anniversary, it has more than 1.7 billion users—here's what it may do next
▼ + stars: | 2023-11-30 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Nov. 30 marks ChatGPT's one-year anniversary, and quite a lot has changed since the popular AI chatbot debuted. As the ways people utilize the AI chatbot have changed, the technology itself has evolved too. Now, users are able to subscribe to ChatGPT Plus, which provides access to OpenAI's most up-to-date AI chatbot, ChatGPT-4. In February, Google announced its own AI chatbot called Bard. In November, Amazon unveiled its AI chatbot, Q.

Persons: chatbot, OpenAI, Greg Brockman, ChatGPT, Sam Altman, Altman, It's, What's Organizations: UBS, Microsoft, Google, YouTube, Amazon Locations: Brooklyn, New York, ChatGPT

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Tesla, Schwab, Pinterest, Exxon, Disney and more
▼ + stars: | 2023-11-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Piper Sandler downgrades Hershey to neutral from overweight Piper Sandler said it's concerned about rising cocoa costs for Hershey. UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone are almost nonexistent. Piper Sandler reiterates Charles Schwab as buy Piper Sandler said the company is a "likely beneficiary of fed rate cuts." Piper Sandler reiterates Pinterest as overweight Piper Sandler raised its price target on Pinterest to $40 per share from $37 and says trends are improving. UBS reiterates Exxon as buy UBS said it's bullish heading into Exxon's corporate plan event on Dec. 6.

Persons: Piper Sandler downgrades Hershey, Piper Sandler, it's, Guggenheim, Tesla, Truist, Canaccord, Raymond James, TD Cowen, AZN, Goldman Sachs, Leslie's, Carlyle, Wells, Wells Fargo, Apple, Jefferies, Airbnb, ABNB, Cantor Fitzgerald, Microvast, Charles Schwab, SCHW, Morgan Stanley, Bernstein, PDD, Marti, Pinterest, D.A, Davidson, Estée Lauder Organizations: Hershey, UBS, Apple, " Bank of America, underperform Bank of America, AstraZeneca, downgrades, Group, Goldman, GS, Bank of America, Union, JPMorgan, Disney, Taiwan Semiconductor, Intel, Commerce, Marti Technologies, DFS, Exxon Locations: China, Europe, Japan, America, CY24, Turkey, XOM's

☆ 5 tips to keep your 5G network secure
▼ + stars: | 2023-11-28 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

To keep your enterprise 5G network secure, start by choosing a reputable provider. Whether you use those providers for your enterprise 5G network or build your own private 5G network, it's important to keep things secure. Update regularly, and use multifactor authenticationIt's one thing to build your 5G network securely — it's another challenge to keep it safe. "Ensure all devices connected to the 5G network are regularly updated to patch known vulnerabilities," he said. For that reason, education should be a huge part of keeping your 5G network secure.

Persons: —, Sandeep Raithatha, Alan Woodward, Woodward, eSIMs, Parm Sandhu, Sandhu, Alan Jones, Keith Brownsword Organizations: Service, Ericsson, 5G, Virgin Media O2, University of Surrey, NTT Ltd, 5G's Locations: Ireland

☆ Cradle uses generative AI to design proteins more efficiently. See the 17-slide deck it used to secure $24 million from Index Ventures.
▼ + stars: | 2023-11-28 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +1 min

Biotech startup Cradle, which uses AI to design proteins, emerged from stealth last year. The Dutch startup has now secured $24 million from Index Ventures. See the 17-slide pitch deck and messaging used to raise the fresh funding. Cradle, a startup that uses generative AI to help design proteins more efficiently, just raised a $24 million Series A from Index Ventures. It has also trained its generative AI models on proprietary data generated in its wet lab, as well as billions of protein sequences.

Organizations: Biotech, Ventures, Index Ventures, Business

Learn moreRight now, you can invest in a good night's sleep with a deeply discounted mattress, and the Cyber Monday Tempur-Pedic sale is one of the best ways to save. One of the top deals is $600 off the Tempur-Pedic Tempur-Cloud, our pick for the best memory foam mattress. We're spotlighting the best deals below, but you can shop all the Cyber Monday deals from Tempur-Pedic until December 5. Check out our roundup of the best Cyber Monday deals for deep discounts across home, tech, kitchen, beauty, and more. The best Cyber Monday Tempur-Pedic sale deals

Locations: Tempur, Pedic

Learn moreCyber Monday deals are still going strong as evidenced by the amazing mattress deals we've been monitoring all weekend long. The 5 best mattress Cyber Monday deals todayLeesa Sapira Hybrid Mattress (Queen) $1,699.00 $1,999.00 Save 15% The Leesa Sapira Hybrid Mattress has great edge support and motion isolation. Casper Nova Hybrid Mattress (Queen) $1,871.25 $2,495.00 Save 25% The Casper Nova Hybrid mattress is our top pick for side sleepers and those who like a soft mattress. Best Cyber Monday mattress deals for back sleepersBack sleepers generally don't want their mattress to sink in too much. Browse more mattress deals at Casper | Leesa | Tempur-Pedic | BearMattress Cyber Monday FAQsWhat mattress brands are the best?

Persons: I've, you'll, Casper, Leesa Organizations: Pedic, Casper, Leesa Locations: Leesa, Saatva

U.S. News & World Report is pleased to announce that our proprietary surveys for the 2024 Best Graduate Schools will be distributed to schools in phases beginning today, and continuing for the next few weeks. The 2024 Best Graduate Schools surveys distribution includes statistical and peer assessment surveys for:Best Law SchoolsBest Medical SchoolsBest Business SchoolsBest Engineering SchoolsBest Nursing SchoolsBest Education SchoolsSpecific information about upcoming surveys and methodology changes for Best Medical Schools can be found here. Students and their families use U.S. News as an essential resource in their college decision-making process. In the last 12 months alone, more than 20 million people visited USNews.com to learn about graduate programs, and nearly 65,000 students and their families accessed U.S. News to request information about specific graduate institutions and/or to compare schools to one another.

Organizations: News, Best, Medical, Business, Engineering, Nursing Schools, Education, Best Medical

☆ Here's how the American Red Cross makes money from donated blood
▼ + stars: | 2023-11-26 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

The American Red Cross has long been recognized as the universal symbol of humanitarian services —and it's an expensive operation. "When the White House starts raising money, when the big corporations, the NFL, Hollywood A-listers are raising money for the aftermath of a disaster, it's most likely targeted toward the American Red Cross." When CNBC inquired about the pricing of these products, the American Red Cross responded that "prices for a unit of red blood cells is proprietary information. A majority of the American Red Cross' operating expenses, just over $2 billion, is also spent on collecting blood, according to its financial statements. Watch the video above to see how the American Red Cross makes and spends its billions.

Persons: Jake Johnston, Laurie Styron, Michael Thatcher Organizations: Center for Economic, White House, NFL, Hollywood, CNBC, Cross, Navigator

Read our full Leesa Sapira Hybrid Mattress review. The 5 best mattress Black Friday deals todayLeesa Sapira Hybrid Mattress (Queen) $1,699.00 $1,999.00 Save 15% The Leesa Sapira Hybrid Mattress has great edge support and motion isolation. Casper Nova Hybrid Mattress (Queen) $1,871.25 $2,495.00 Save 25% The Casper Nova Hybrid mattress is our top pick for side sleepers and those who like a soft mattress. Best Black Friday mattress deals for back sleepersBack sleepers generally don't want their mattress to sink in too much. Visit our Black Friday Leesa mattress deals hub.

Persons: I've, you'll, Leesa Organizations: Casper Locations: Leesa, Saatva

☆ Morgan Stanley is bullish on this emerging AI trend — and names 6 stocks to play it
▼ + stars: | 2023-11-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

One part of artificial intelligence will have an increasing role to play, according to Morgan Stanley. The theme, which it called "Edge AI," involves running AI algorithms directly on a user's device, be it a smartphone, laptop or wearable, among other things. Edge AI can help save costs, reduce latency (or lag time), among other benefits, Morgan Stanley said. MediaTek Morgan Stanley said MediaTek , the largest chip design house in Asia, is gearing up for Edge AI. Xiaomi Morgan Stanley said Xiaomi is a key beneficiary, given its first-mover advantage in Edge AI.

Persons: Morgan Stanley, Apple Morgan Stanley, Apple, DELL, Dell, MediaTek Morgan Stanley, MediaTek, Qualcomm Morgan Stanley, STMicroelectronics, Xiaomi Morgan Stanley, Xiaomi, — CNBC's Michael Bloom Organizations: Edge, Apple, Dell, PCS, Qualcomm, Hong Locations: Asia, Taiwan, Hong Kong

☆ 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

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