Tag Archives: artificial intelligence

With a history of backing successful ventures like Cosmos, Solana, and Polkadot, Cyber.Fund aims to foster the development of what it terms the “cybernetic economy”, where blockchain forms the foundation. Cyber.Fund, an investment firm renowned for its early support of Ethereum, has recently unveiled an impressive commitment of $100 million towards blockchain projects that merge artificial intelligence (AI) and the Internet of Things (IoT). With a history of backing successful ventures...

Dubbed Gaudi3, Intel intends to attract generative AI companies like OpenAI away from Nvidia and bolster its stock market performance. Intel Corp (NASDAQ: INTC) stock closed Thursday trading at $45.18, up 1.37 percent from the day’s opening price. Although Intel has been on a winning streak since the calendar flipped in January, the company is not satisfied with the performance as its rival Nvidia Corp (NASDAQ: NVDA) has more than tripled its valuation year-to-date. As a result, Intel has...

Unlike its competitors, Mistral AI chose to make its model available as a free download instead of providing access through APIs. This approach empowers developers to run the model on their own devices and servers. French Artificial Intelligence (AI) startup Mistral AI has reached a valuation of $2 billion following the conclusion of a successful funding round which raised €385 million ($415 million) to further develop its innovative technology and open-source software. Significance of...

At present, the training and operation of AI models is restricted to large tech companies. Crypto has the potential to help create multi-sided, global, permissionless markets where anyone can contribute data and be compensated for it. Venture capital firm Andreessen Horowitz (a16z) has released its “big ideas” for 2024, with its crypto arm composing a list of trends to look forward to in crypto in 2024. The list contains trends that the firm’s crypto partners are looking forward to across...

xAI, the Nevada-based tech company, has so far raised $134 million in its bid to achieve $1 billion to further improve AI tools used by GROK. In a bid to grow its market share and infrastructure, Elon Musk-backed xAI Corp. has filed with the United States Securities and Exchange Commission (SEC) to raise an extra $865.4 million through equity sales. The Nevada-based technology company notified the US SEC through Form D, which is yet to be revised, that it has already sold offerings worth...

With a valuation of $2 billion within its first year, Mistral’s rapid ascent reflects the tech industry’s unwavering optimism regarding the future potential and profitability of AI businesses. Mistral AI, a formidable competitor to OpenAI, is in the final stages of securing approximately €450 million ($487 million) in a funding round. Notable investors, including Nvidia Corp and Salesforce Inc, are backing the venture, valuing the artificial intelligence company at around $2 billion,...

Meta’s AI chief, Yann LeCun said it will take decades to achieve the adoption of AGI. Meta’s AI chief, Yann LeCun, has expressed skepticism about current AI systems surpassing human intelligence anytime soon. Mr. LeCun shared this sentiment while speaking at a Meta media event to celebrate the 10th anniversary of its Fundamental AI Research team. LeCun: AGI Systems Not Possible for Decades Last week, Reuters reported that OpenAI cofounder Sam Altman was removed as CEO when a team of OpenAI...

Altman shared his strategic vision for the future of OpenAI. He noted that the firm will renew its commitment to research, improving its products, and better serving its customers. OpenAI CEO Sam Altman has officially returned to his role after being temporarily ousted by the company board. At the time, the board cited communication breakdowns with Altman as their reason for his removal. The removal triggered 97% of OpenAI employees who asked for the reinstatement of Altman and the...

Amazon’s Titan Image Generator offers a user-friendly interface akin to using Stable Diffusion (SDXL), providing a solid blend of control and versatility. American multinational technology company Amazon.com Inc (NASDAQ: AMZN) has entered the growing field of generative Artificial Intelligence (AI) with the launch of its latest innovation, the Amazon Titan Image Generator. This new addition is part of the broader Amazon Titan suite, a collection of multimodal foundation models available...

Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule. Nvidia Corp (NASDAQ: NVDA), the California-based AI chip giant, has notified its Chinese customers of a delay in the launch of its new artificial intelligence chip, H20, designed to comply with the latest United States export regulations, Reuters reported Friday, citing...