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☆ Microsoft discloses equity investment in OpenAI for the first time, SEC filing shows
▼ + stars: | 2024-10-30 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

Microsoft disclosed equity investment in OpenAI for the first time, SEC filings show. AdvertisementMicrosoft disclosed an equity investment in OpenAI for the first time, according to its latest SEC filings. "We have an investment in OpenAI Global, LLC ("OpenAI") and have made total funding commitments of $13 billion," Microsoft wrote in the SEC filing on Wednesday. In previous SEC filings, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment. "Going from 'partnership' to 'equity method investment' disclosure, including that losses are being recorded for their share, is a big change," McKenna added.

Persons: OpenAI, —, Francine McKenna, McKenna, Amy Hood, Copilot Organizations: Microsoft, SEC, Service, OpenAI, supercomputing Locations: OpenAI

☆ Microsoft hints at a big change to its OpenAI investments in a new SEC filing
▼ + stars: | 2024-10-30 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Microsoft disclosed an equity investment in OpenAI for the first time, SEC filings show. "We have an investment in OpenAI Global, LLC ("OpenAI") and have made total funding commitments of $13 billion," Microsoft wrote in the SEC filing on Wednesday. Related storiesIn a previous SEC filing, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment. "We have a long-term partnership with OpenAI, a leading AI research and deployment company," Microsoft wrote in its annual SEC filing from late July. In the July filing, Microsoft listed OpenAI as a competitor for the first time.

Persons: OpenAI, —, Francine McKenna, Sam Altman, McKenna, Microsoft's, Copilot Organizations: Microsoft, SEC, Service, OpenAI, supercomputing Locations: OpenAI

☆ How the world’s largest tech event is forging a future AI economy
▼ + stars: | 2024-10-15 | by ( ) edition.cnn.com time to read: +6 min

A next generation agendaGITEX GLOBAL will span 40 halls across two locations, bringing together the entire international technology community to set the global agenda for the future AI economy. With the global AI market projected to reach $2.7 trillion by 2032, the event will showcase the latest advancements driving this remarkable growth. GITEX GLOBAL 2024 AGENDA MONDAY: TECH INVESTMENT DAY - Explore the latest investment trends that are reshaping global wealth. In addition, the World Future Economy Digital Leaders Summit will see global innovators and influential leaders address critical priorities shaping the future of technology. By bringing together diverse stakeholders from across the globe, the event is poised to shape the future of the AI economy and reinforce Dubai’s vision of becoming a global tech hub.

Persons: Martin Pfeiffer, Fabrizio del Maffeo, Alexander Zhavoronkov, Dr, Diane Janosek, Brett Johnson, Ekaterina Serban, Surinder Organizations: Dubai World Trade, Dubai Harbour, TECH, Tech, Google, Huawei, IBM, Microsoft, Nvidia, Oracle, European NVIDIA, ”, InSilico, supercomputing, UAE Cybersecurity Council, TCB, National Security Agency, Pentagon, Bosch, Paramount Locations: Dubai, European, Hong Kong

☆ VCs are rushing to meet with former OpenAI CTO Mira Murati in hopes of funding a new company
▼ + stars: | 2024-09-30 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Mira Murati announced her departure from OpenAI last week. In an X post, Murati wrote, "I'm stepping away because I want to create the time and space to do my own exploration." AdvertisementVenture capitalists are clamoring to meet with Mira Murati, the former CTO of OpenAI, as Silicon Valley expects her to start her own company soon. In a X post, Murati announced her departure from OpenAI last week. Murati wrote, "My six-and-half years with the OpenAI team have been an extraordinary privilege…There's never an ideal time to step away from a place one cherishes, yet this moment feels right."

Persons: Mira Murati, OpenAI, Murati, Ilya Sutskever, —, … There's, Andrej Karpathy, Anthropic, Dario Amodei, Aravind Srinivas, Sam Altman, Mira, Bob McGrew, Barret Zoph, –, Altman, Wojciech Zaremba, Zaremba Organizations: Service, Venture, Business, OpenAI, Eureka Labs, San, supercomputing, Tesla, Microsoft, Altman, Reuters Locations: Silicon, OpenAI, San Francisco

☆ OpenAI's power players: Meet the 20 leaders helping shape the future of the AI giant
▼ + stars: | 2024-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

Last November, the sudden ouster of CEO Sam Altman and the resulting revolt by most of its employees cast doubts on the future of the world's most prominent AI company. While by no means a comprehensive list, below are some of the key power players who are helping to determine OpenAI's future. He took over for his former boss, Jason Kwon, who has since become the company's chief strategy officer. She's also been referred to as OpenAI's "minister of truth" for her efforts to ensure the company's AI products aren't deceptive or biased. ResearchJakub Pachocki, Chief ScientistRelated storiesPachocki joined OpenAI's research in 2017 after completing a PhD in computer science at Carnegie Mellon University.

Persons: —, Sam Altman, OpenAI, Sarah Friar, Friar, Goldman Sachs, She's, Jason Kwon, Kwon, Anna Makanju, Global Affairs Chris Lehane, Che Cheng, OpenAI's, Cheng, Mira Murati, Murati, Kevin Weil, Weil, Instagram, Peter Welinder, Peter Deng, Research Jakub Pachocki, Pachocki, Ilya Sutkever, Ilya, Mark Chen, Chen, Bob McGrew, Sam Altman's, Lilian Weng, Weng, Aleksandr Madry, Barret Zoph, John Schulman, Zoph, Alec Radford, Radford, Zico Kolter, Kolter, Paul Nakasone, Bret Taylor, Taylor, He's, Larry Summers, Fidji Simo, Melinda Gates, Nicole Seligman, Adam D'Angelo, Quora, Altman, D'Angelo, Andrea Appella, Haidee Schwartz, Schwartz, Akin Gump, She'll, Heather Whitney, Whitney, Morrison Foerster, Makanju, Sam, Biden, Chris Lehane, Lehane, Clinton Organizations: Service, OpenAI, Business, Microsoft, Apple, Google, Khosla Ventures, Global, Global Affairs, Amazon, supercomputing, Tesla, Meta, Twitter, ChatGPT Enterprise, Research, Carnegie Mellon University, MIT, Facebook, Security, Machine Learning Department, Carnegie Mellon Carnegie Mellon, Stanford, CMU, Safety, Security Committee, US Army, NSA, US Cyber Command, Defense Department, U.S, Melinda Gates Foundation, Global Competition, Netflix, Century Fox, Competition, Federal Trade Commission, New York Times, Harvard Law School, University of Chicago Law School, NYU, Canada, Global Policy, Public Affairs, House, Newsweek Locations: Europe, Washington, OpenAI, Silicon, Middle East, Asia, London, Chan, Airbnb

☆ OpenAI is showing that the AI race is survival of the richest
▼ + stars: | 2024-09-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's also a sign of just how expensive the business of training and running AI models is getting. AdvertisementGenerative AI is a cash-guzzlerStartups like OpenAI need to raise huge amounts of capital to build smarter AI models. Just look at the spending of Big Tech firms working to improve their AI models. Consolidation has struck the AI industry in recent months, as some top startups trying to build AI models have been gutted. AI startups serious about progressing on LLMs will need to figure out the answer to this pretty quickly.

Persons: —, Elon, Sam Altman, ChatGPT, It's, Justin Sullivan, OpenAI, Dario Amodei, Anthropic, Pretty, Amodei's Anthropic, Dario Amodei's Anthropic, Noam Shazeer —, Ben Bergman, Sri Muppidi, it's, Elad Gil, Gil Organizations: Service, Bloomberg, Business, SpaceX, Getty, Microsoft, Big Tech, Street, Nvidia, Apple, Amazon, Samsung, Google Locations: OpenAI, aren't

☆ Artificial Intelligence Gives Weather Forecasters a New Edge
▼ + stars: | 2024-07-29 | by ( William J. Broad | ) www.nytimes.com time to read: +13 min

Artificial Intelligence Gives Weather Forecasters a New Edge The brainy machines are predicting global weather patterns with new speed and precision, doing in minutes and seconds what once took hours. GraphCast GraphCast Miss. specialist at the European Center for Medium-Range Weather Forecasts, the agency that got upstaged on its Beryl forecast. Even so, reliable weather forecasts turn out to be extraordinarily hard to achieve. As a result, weather forecasts can fail after a few days, and sometimes after a few hours.

Persons: Hurricane Beryl, GraphCast, Beryl MEXICO, Hurricane Beryl Miss ., William B, Davis, ”, Matthew Chantry, Christopher S, Amy McGovern, Dr, McGovern, “, Brandon Bell, Maria Molina, Bretherton, Sir Richard Friend, Rémi Lam, GraphCast’s, Lam, . Lam, Beryl, Hurricane Lee, DeepMind’s GraphCast, . Chantry, Chantry, Paul G, Allen, ‘, we’ve, Molina, Jamie Rhome, Rhome, Mr, There’s Organizations: A.I, Beryl MEXICO CUBA European, JAMAICA European, Beryl MEXICO CUBA JAMAICA Hurricane, National Hurricane Center, Hurricane, NOAA, European Press Agency, Google, European Center, University of Washington, University of Oklahoma, University of Maryland, Royal Academy of Engineering, Cambridge University, Getty, Nvidia, Huawei, Fudan University, Allen Institute for A.I, Microsoft Locations: Va . Ky, N.C, Okla, ., Ala . Texas, Texas, Fla, Va, Kan, Mo, Ky, Beryl MEXICO CUBA, VENEZUELA COLOMBIA, Tenn, Okla ., Beryl MEXICO CUBA JAMAICA, Caribbean, Mexico, Houston, London, DeepMind, Land , Texas, A.I, Freeport , Texas, England, Canada, Nova Scotia, China, Corpus Christi , Texas, Miami

☆ Nvidia preparing version of new flagship AI chip for Chinese market, Reuters reports
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +3 min

Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, four sources familiar with the matter said. The AI chip giant in March unveiled its "Blackwell" chip series, which is due to be mass-produced later in the year. A version of a chip from Nvidia's Blackwell series for the Chinese market would boost the U.S. firm's efforts to fend off those challenges. Expectations are high that the U.S. will continue to keep up the pressure on semiconductor-related export controls. The U.S. wants the Netherlands and Japan to further restrict chipmaking equipment to China, sources have said.

Persons: Blackwell, Inspur, Nvidia's Blackwell, Biden Organizations: MWC Shanghai, Nvidia, Reuters, Huawei, Bloomberg News Locations: Shanghai, China, Washington, U.S, Netherlands, Japan

☆ China's ByteDance is reportedly working with Broadcom to develop advanced AI chip
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +3 min

BEIJING — China's ByteDance is working with U.S. chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter told Reuters, a move that would help TikTok's owner secure sufficient supply of high-end chips amid U.S.-Sino tensions. Securing AI chips is crucial for ByteDance to make its algorithms more powerful. To support its AI push, ByteDance has stockpiled Nvidia chips, according to a separate person who was briefed on the matter. Bytedance currently has hundreds of semiconductor-related job openings posted, including 15 for ASIC chip designers, according to checks of its website. It has also been poaching top people from other Chinese AI chip firms, according to one of the sources who has direct knowledge of this issue.

Persons: TSMC, ByteDance, Bailly, Bytedance Organizations: BEIJING, U.S, Broadcom, Reuters, ByteDance, supercomputing, China's, Competition, Huawei HWT.UL, Nvidia Locations: Washington, U.S, China, ByteDance

☆ Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
▼ + stars: | 2024-06-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The other is Nvidia , which for a time this week, surpassed Microsoft to become the largest company in the world by market cap. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. 100 on Interbrand's list for 2023 is Japanese camera maker Canon, with Dutch brewer Heineken at No. The risk for Nvidia, Silverman added, is that its "weak brand strength will limit how valuable it will be, despite its market cap heights." Gamers love itHowever, a competing survey shows that Nvidia's brand value is catching up to that of its peers.

Persons: Jensen Huang, Ann Wang, —, Greg Silverman, Interbrand's, Silverman, Interbrand, Kantar BrandZ, Marc Glovsky, Philip Fong Organizations: Reuters Apple, Microsoft, Google, Nvidia, Disney, Netflix, Heineken, Apple, Windows, Samsung, Toyota, Mercedes, Benz, BMW, Nike, Intel, Hewlett Packard Enterprise, CNBC, Nintendo, AFP, Getty, chipmaker, Dell, Vanda Research Locations: Taipei, Taiwan, Korean

☆ Scientists a step closer to unraveling mystery of sun’s magnetic field
▼ + stars: | 2024-05-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

In contrast to previous research that assumed the sun’s magnetic field originates from deep within the celestial body, they suspect the the source is much closer to the surface. This view of the sun's magnetic field was generated by NASA's Solar Dynamics Observatory. NASA/GSFC/Solar Dynamics ObservaModeling the sun’s magnetic fieldIt’s difficult to see the sun’s magnetic field lines, which loop through the solar atmosphere to form a complicated web of magnetic structures far more complex than Earth’s magnetic field. To better grasp how the sun’s magnetic field works, scientists turn to mathematical models. Like the 11-year solar magnetic cycle, torsional oscillations also experience an 11-year cycle.

Persons: Galileo, ”, Daniel Lecoanet, ” Lecoanet, “, Lecoanet, Geoff Vasil, Ellen Zweibel, Zweibel Organizations: CNN, Northwestern University’s McCormick School of Engineering, Center for Interdisciplinary Exploration, Research, Astrophysics, NASA's Solar Dynamics, NASA, Dynamics, University of Edinburgh, University of Wisconsin Locations: United Kingdom, Madison

☆ Nvidia and Georgia Tech announce first AI supercomputer for students
▼ + stars: | 2024-04-10 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Nvidia and the Georgia Institute of Technology announced Wednesday the first artificial intelligence supercomputer designed for student use. At first, only Georgia Tech's undergraduate students will be able to use the computing cluster, which is fueled by Nvidia's enterprise AI software and a "virtual gateway" developed by Penguin Solutions. So far, students have used the supercomputer in just one class — foundations of machine learning — since the beginning of the semester, but Georgia Tech plans to continue scaling usage. Georgia Tech's supercomputer runs on 20 Nvidia HGX H100 systems, which house 160 of Nvidia's H100 GPUs, which are high in demand across the tech industry. For reference, it would take one of these 160 GPUs a single second to come up with a multiplication function that would take 50,000 students 22 years, according to a Georgia Tech release.

Persons: Jensen Huang, Raychowdhury Organizations: Nvidia, Georgia Institute of Technology, Penguin Solutions, Georgia Tech, Georgia Tech's School of Electrical, Computer Engineering, CNBC, Arizona State University, ChatGPT Enterprise, Georgia Tech's Locations: Georgia

☆ Jim Cramer says Nelson Peltz's defeat is worrisome for Disney's stock and he wants to sell more
▼ + stars: | 2024-04-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney wins: Disney was successful at fending off Trian Partners in Nelson Peltz's quest for two board seats at the company. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Nelson, Jim, Steve Cohen, We're, Michael Cembalest, Levi Strauss, Slim Jim, Conagra, Lamb Weston, There's, Jim Cramer's, Mickey Mouse, Joe Raedle Organizations: CNBC, Treasury, Institute for Supply, PMI, Disney, Trian Partners, Apple, JPMorgan, Procter, Gamble, Jim Cramer's Charitable, Walt Disney World, Getty Locations: Washington, Orlando , Florida

☆ Step aside Nvidia, this global supercomputing stock is up 95% this year — and it's betting big on AI
▼ + stars: | 2024-03-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

ParTec , a developer of supercomputing systems, has surged over 95% year-to-date as investors have started to take notice of its potential. Hendrik Leber, fund manager at Acatis Datini Valueflex Fonds, owns ParTec shares and says he sees the company as a "very clear" investment opportunity. While competitors like Hewlett Packard can also bid on supercomputing projects, Lago Mascato said ParTec's middleware gives them a "unique selling point." Due to the thin trading volumes, Leber noted that even a 2 million euro stock placement took about a month to complete. Future opportunities with AI ParTec sees significant opportunities beyond traditional supercomputing by providing systems tailored to train large AI models.

Persons: Hendrik Leber, ParTec, Leber, Miguel Lago, Montega, Lago Mascato, Hewlett Packard, Bernhard Frohwitter, Frohwitter Organizations: supercomputing, Frankfurt Stock Exchange, Karlsruhe Institute of Technology, Valueflex Fonds, CNBC Pro Locations: Germany, Valueflex, Europe, physicals

☆ A Google engineer ran a secret startup in China while stealing AI technology, DOJ alleges
▼ + stars: | 2024-03-07 | by ( Kelsey Vlamis | Alistair Barr | ) www.businessinsider.com time to read: +4 min

A Google employee was accused by the DOJ of stealing confidential AI technology. The DOJ also said he ran a Chinese-based startup while employed as a software engineer at Google. AdvertisementA Google employee indicted by the US Department of Justice has been accused of stealing confidential AI technology while secretly working for tech companies in China. The indictment said Ding, who lived in Newark and was a Chinese national, joined Google as a software engineer in 2019. In May 2022, Ding started secretly uploading confidential information from Google to his private Google Cloud account, the indictment alleged.

Persons: Linwei Ding, —, Leon Ding, Ding, Castañeda, Merrick Garland Organizations: DOJ, Google, Service, US Department of Justice, Authorities, Business, Prosecutors, FBI, supercomputing Locations: China, Newark , California, Newark, Chinese

☆ Ex-Google software engineer charged with stealing AI technology while working with Chinese companies
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +3 min

A former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China, the Justice Department said Wednesday. "The theft of innovative technology and trade secrets from American companies can cost jobs and have devastating economic and national security consequences." Within weeks of the theft starting, prosecutors say, Ding was offered the position of chief technology officer at an early-stage technology company in China that touted its use of AI technology. The indictment says Ding traveled to China and participated in investor meetings at the company and sought to raise capital for it. Three days later, Google officials learned that he had presented as CEO of one of the Chinese companies at an investor conference in Beijing.

Persons: Linwei Ding, Ding, General Merrick Garland, Christopher Wray, Lisa Monaco, Wray Organizations: Google, Justice Department, American Bar Association Conference, Department, Technology, Force, Northern District of, supercomputing, Prosecutors Locations: China, Newark , California, San Francisco, People's Republic of China, United States, Northern District, Northern District of California, Beijing

☆ Google employee charged with stealing AI trade secrets
▼ + stars: | 2024-03-06 | by ( Hannah Rabinowitz | Brian Fung | ) edition.cnn.com time to read: +3 min

CNN —A Google employee was charged Tuesday with stealing artificial intelligence trade secrets from the tech giant while secretly working with two Chinese-based companies in the AI industry. Linwei Ding, who also goes by Leon Ding, is charged with four counts of theft of trade secrets. As part of his responsibilities at Google, prosecutors say, Ding helped to develop the software deployed in Google’s supercomputing data centers. Ding was a junior employee, Google spokesperson José Castañeda told CNN, and the company monitors file transfers to cloud storage platforms including Google Drive and Dropbox. “We have strict safeguards to prevent the theft of our confidential commercial information and trade secrets,” Castañeda said.

Persons: Linwei Ding, Leon Ding, “, General Merrick Garland, ” Ding, Ding, ”, José Castañeda, ” Castañeda Organizations: CNN, Google, supercomputing, Justice Department, FBI Locations: America, California, China, United States

☆ Hewlett Packard Enterprise CEO: Our goal is to democratize supercomputing for everyone
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHewlett Packard Enterprise CEO: Our goal is to democratize supercomputing for everyoneHewlett Packard Enterprise CEO Antonio Neri speaks to CNBC's Karen Tso at Mobile World Congress in Barcelona, Spain.

Persons: Antonio Neri, Karen Tso Organizations: Hewlett, Enterprise, supercomputing, Hewlett Packard Enterprise, Mobile Locations: Barcelona, Spain

☆ Big Tech's AI spending plans mean big business for 3 portfolio stocks, including Nvidia
▼ + stars: | 2024-02-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Some of Amazon's spending is likely to go toward its custom AI chips, known as Trainium and Inferentia. But the Seattle-based tech giant also buys Nvidia chips. On Thursday's post-earnings call, CEO Andy Jassy said AWS offers the "most expansive collection of compute instances with Nvidia chips." Alphabet's spending on AI chips has typically been split between its custom chips designed in partnership with Broadcom, known as Tensor Processing Units (TPUs), and Nvidia's offerings. Including networking products that stitch together parts of the data center, about 15% of Broadcom's semiconductor revenue was tied to generative AI spending in fiscal 2023.

Persons: Eaton, Brian Olsavsky, FactSet, Amazon's capex, Andy Jassy, Meta's capex, Susan Li, Li, Mark Zuckerberg, Zuckerberg, Meta, it's, —, Amy Hood, It's, chatbot ChatGPT, AMD's, Ruth Porat, Porat, Jim Cramer's, Jim Cramer, Jim, Florian Gaertner Organizations: Big Tech, Nvidia, Broadcom, Eaton, Microsoft, Meta, Google, Web Services, Facebook, Devices, OpenAI, supercomputing, TPUs, CNBC, YouTube, Photothek, Getty Locations: Eaton, Seattle

☆ These 6 stocks will be non-AI winners of an AI boom, says Scotiabank
▼ + stars: | 2024-01-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

While demand for artificial intelligence applications is seeing rapid growth, several non-tech companies are well-positioned to benefit directly from the AI boom over the next few years, according to Scotiabank. This is because although GPUs, the specialized chips that power AI applications, are more efficient, they consume more than twice as much electricity to operate compared to non-AI chips such as CPUs. The Scotiabank analysts named six stocks that they think are well-positioned to capitalize on surging demand for data centers and renewable energy from AI applications. Meanwhile, earlier this week, fellow data center firm Equinix launched a new cloud service that will allow companies to manage their Nvidia AI supercomputing infrastructure to build AI applications. Due to their massive, power-hungry data centers, Scotiabank noted that the tech companies are the largest corporate consumers of renewable power.

Persons: Equinix, AI's Organizations: Scotiabank, Analysts, Digital Realty, Digital, Nvidia, supercomputing, JV, Big Tech, Google, Microsoft, NextEra Energy, NextEra Energy Partners, Brookfield Renewable Partners, Big

☆ Putin says Russia will develop new AI technology to counter the Western monopoly, which he fears could lead to a 'digital abolition' of Russian culture
▼ + stars: | 2023-11-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

He announced plans for a new national strategy for AI development to counter the West. The United Kingdom has eight. Similarly, close to 300 authors of these systems come from the United States. Another 140 are from the United Kingdom. Geoffrey Hinton, the British-Canadian AI researcher named a "godfather of AI," for instance, has said he's worried about "bad actors" like Putin using the AI tools he's creating .

Persons: Putin, —, Vladimir Putin, they're, Geoffrey Hinton Organizations: Russia, Service, Artificial Intelligence, supercomputing, Stanford's Institute for, Intelligence Locations: Moscow, Russia, United States, United Kingdom, States, British, Canadian

☆ Why Nvidia's outlook will command the spotlight during next week's earnings report
▼ + stars: | 2023-11-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Wall Street expects Nvidia (NVDA) to deliver another strong quarterly report Tuesday, as its cutting-edge artificial intelligence chips remain a hot, hard-to-get commodity. The recent trading in Nvidia's stock reflects that optimism, with shares up nearly 20% in November alone. "I don't like the so-called setup," Jim Cramer said, referring to the huge run-up in shares ahead of earnings. It's one piece of evidence behind investors' belief that Nvidia's upcoming earnings report will clear the high bar that's been set. Microsoft hasn't officially disclosed how the Maia 100's performance compares with Nvidia's top-end AI chip and AMD's MI300.

Persons: Jim Cramer, Jim, he's, —, Goldman Sachs, LSEG daa, Goldman, Morgan Stanley, workloads, Maia, Microsoft hasn't, BofA, Jim Cramer's, Hsun Huang, Patrick T Organizations: Nvidia, LSEG, Investor, Microsoft, Big Tech, Goldman, Street, Financial Times, Micro Devices, Wednesday, Google, Web Services, Bank of America, AMD, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Los Angeles , California

☆ Two chip stocks are surging this week. Options traders bet one will keep going and one will falter
▼ + stars: | 2023-11-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Two of the semiconductor stocks that reported this week saw some big post-earnings moves and substantially above-average options trading activity. Among the biggest winners were Wolfspeed Inc. (WOLF) and Advanced Micro Devices Inc. (AMD) . AMD WOLF 5D mountain AMD vs Wolfspeed, 5 days Are options markets aligned with these spikes or fading them using them as opportunities to initiate new bearish positions? Betting against Wolfspeed Wolfspeed popped sharply after a modest topline beat. Betting on AMD Unlike WOLF, AMD was up over 50% year-to-date going into the print so the pop wasn't a short-covering rally.

Persons: Wolfspeed, Roth MKM, Canaccord Genuity, Morgan Stanley Organizations: Wolfspeed Inc, Devices Inc, AMD, Carbide, JPMorgan, Citi, Deutsche Bank, WOLF, Management, Nvidia, supercomputing

☆ Britain to invest 300 million pounds in AI supercomputing
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

British Prime Minister Rishi Sunak delivers a speech on AI at Royal Society, Carlton House Terrace on October 26, 2023 in London, England. Funding for the "AI Research Resource" will be increased to 300 million pounds ($363.57 million) from a previously announced 100 million pounds, the government said at an AI safety summit aimed at charting a safe way forward for the rapidly evolving technology. "Frontier AI models are becoming exponentially more powerful," British Prime Minister Rishi Sunak said on social media platform X. "This investment will make sure Britain’s scientific talent have the tools they need to make the most advanced models of AI safe." The machines, which will be running from summer next year, will be used to analyse advanced AI models to test safety features, as well as to drive breakthroughs in drug discovery and clean energy, the government said.

Persons: Rishi Sunak, Peter Nicholls, Bristol's, Kylie MacLellan, Kirsten Donovan Organizations: British, Royal Society, Carlton, Terrace, REUTERS, Nvidia, Hewlett Packard Enterprise, Dell, SME, Thomson Locations: London, England, Britain, Cambridge, Bristol

☆ France's Atos posts lower Q3 revenue dragged by Tech Foundations unit
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsOct 26 (Reuters) - French IT company Atos (ATOS.PA) on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset by the loss-making Tech Foundations unit. Atos is in talks to sell its legacy IT division, dubbed Tech Foundations, to Czech billionaire Daniel Kretinsky, which would end its initial turnaround plan to split the group into two listed entities. Atos posted quarterly revenue of 2.59 billion euros ($2.73 billion) for the whole group, down 3% organically and 5.3% on a constant currency basis from 2.82 billion euros last year. It still expects cash burn for the year to be about 1 billion euros.

Persons: Stephane Mahe, Daniel Kretinsky, Yves Bernaert, Atos, Michal Aleksandrowicz, Milla Nissi Organizations: REUTERS, IT, Tech, supercomputing, Thomson Locations: Nantes, France, French, Czech, Eviden, Gdansk

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