AI
Wall Street tech rout deepens on doubts over AI spending
Major US tech stocks have taken a hit as investors react to underwhelming earnings and worries about AI spending. Giants like Microsoft, Amazon, and Alphabet revealed hefty investments in AI systems along with rising debt. Intel's troubles intensified with a disappointing revenue outlook, driven by costly components and fierce rivalry.
Musk and Zuckerberg officially adopt Trump’s “super intelligence” label for AI, other tech chiefs yet to follow
In a significant shift, tech giants Elon Musk and Mark Zuckerberg have embraced the term 'super intelligence' to describe AI, following a pivotal lunch with Donald Trump that resulted in a new safety standards agreement. Meanwhile, executives from Alphabet, Amazon, and Microsoft still favor the traditional AI nomenclature in their dialogues.
Mistral AI publicly releases Large 4, targets cybersecurity users
Mistral said the released version was an upgrade from the one unveiled three weeks ago, following testing with governments and corporate users, which helped improve its performance.
Google's 'Project Suncatcher' achieves first successful AI response from space
In a groundbreaking achievement, Google has successfully implemented an artificial intelligence model aboard a prototype satellite, marking a significant milestone for Project Suncatcher. Once launched, the satellite underwent initial tests where it powered its TPU and creatively generated a haiku about the cosmos. Future objectives involve challenging the satellite's resilience through various thermal and radiation tests, pushing the boundaries of AI in space exploration.
OpenAI cuts funding target by $10 billion: FT
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times
Pope says 'most urgent' challenge facing AI race is need for institutional ethical framework
The American pope, who has made AI a key priority, said the principles are already known but what is missing are the institutions that can effectively safeguard the global common good.
OpenAI to limit weapons information for teens on ChatGPT in violence-prevention push
The move comes as AI companies face growing scrutiny over the risks chatbots pose to young users and the companies' role in detecting threats of harm.
US SEC's top cop says agency is monitoring AI corporate disclosures
Big Tech stocks sold off this week as companies disclosed they are burning through cash to fuel their AI expansion at a time when interest rates are rising, raising questions about the sustainability of AI spending.
Anthropic may not secure investment-grade rating after IPO, Blackstone tells investors: Report
The investment firm expects the AI company to receive a 'high' junk rating, marking a shift from its earlier guidance. The assessment highlights potential concerns around Anthropic’s creditworthiness as it prepares for a possible public listing.
Cognizant sets up OpenAI Frontier Capability Group to help enterprises deploy AI at scale
Cognizant said it is scaling OpenAI across its own sales and customer success operations first, so clients can benefit from approaches tested at enterprise level.
