Elon Musk says his AI startup xAI not raising capital
The AI race has been heating up with several investors signing big checks for start-ups looking to capitalize on what has captured Silicon Valley's attention over the past year.
The AI race has been heating up with several investors signing big checks for start-ups looking to capitalize on what has captured Silicon Valley's attention over the past year.
Rampaging demand for cloud-based AI computing suggests that at its current trajectory it will overtake the traditional cloud software market in the future, Google Cloud CEO Thomas Kurian said.
Britain's media regulator Ofcom in October raised concerns about the fees, saying it can discourage customers from switching to an alternative provider. Ofcom had earlier asked the country's antitrust authority to investigate tech giants' dominance of the UK cloud market.
“The acquisition is expected to double HPE’s networking business, creating a new networking leader with a comprehensive portfolio that presents customers and partners with a compelling new choice to drive business value,” HPE said in a statement.
The round was led by venture capital firm IVP and valued the company at about $520 million, according to the company. NEA, NVIDIA, Databricks, and Bessemer Venture Partners also participated in the round.
While Oracle has been working to bolster its AI infrastructure as firms look to adopt generative AI, frontrunners Amazon and Microsoft continue to dominate the market.
Altman's exit sparked confusion about the future of the startup at the center of an artificial intelligence boom.
The U.K.-based company, which signed an agreement to supply Apple with chip technology in 2020, said it was cutting the staff because of a challenging "business environment" over the last 18 months, according to an internal message reviewed by Reuters.
Founded by former Google employees Noam Shazeer and Daniel De Freitas, Character.AI allows people to chat with virtual versions of celebrities like Billie Eilish or anime characters, while creating their own chatbots and AI assistants. It is free to use, but offers subscription model that charges $9.99 a month for users who want to skip the virtual line to access a chatbot.
After toiling in relative obscurity for years, OpenAI kicked off the generative AI craze last November by releasing ChatGPT, the darling chatbot of Silicon Valley that became one of the world's fastest growing consumer applications. Generative AI can, using past data, create brand new content like fully formed text, images and software code.
He has been in the spotlight in recent weeks after the launch of the first investigations under a new EU law into X (formerly Twitter), Facebook owner Meta and TikTok over the spread of false information and hate speech following the Hamas-Israel conflict.