Mustafa Suleyman says Microsoft is pursuing “true self-sufficiency” in AI by building models for enterprise and health care and reducing its reliance on OpenAI
An interview with Dr. Raj Jena, the UK's first clinical professor of AI in radiation oncology, on AI improving cancer care, constant quality control, and more
Sarah Neville / Financial Times : X: @tanarrowz X: @tanarrowz : Given the speed and volume of developments in the area, he says one point is clear: “AI's moved out of the hype pha...
Sources: X covered some losses usually borne by banks when seven lenders, including Morgan Stanley, sold $1.2B of its debt at 98 cents on the dollar in April
Financial Times : X: @tanarrowz and @markbohlund X: @tanarrowz : “He'll never let Twitter [X] fail,” a banker involved in the deal said. “I don't think people even did their credi...
The US Commerce Department issues guidance stating that “using Huawei Ascend chips anywhere in the world violates US export controls” as they likely use US tech
Commerce department guidance aims to toughen export controls on tech used by China to make AI processors
The AI arms race between employers and jobseekers isn't going well for anyone, as applicants turn to GenAI to speed up a process that already felt dehumanized
www.ft.com/content/43cd... Colm Murphy / @colmpm : Some interesting parallels in this @sarahoconnorft.ft.com piece on hiring with some of the dilemmas we face in higher education. ...
Current and former Google DeepMind scientists say a tougher vetting process and more bureaucracy at the Google AI arm have made it harder to publish AI research
Google's AI arm led by Demis Hassabis makes it harder for its researchers to publish studies in major change in approach
An interview with Arm CEO Rene Haas on DeepSeek, why it isn't AI's “Sputnik moment” but is “a big deal”, how DeepSeek will “get shut down” by the US, and more
Rene Haas has reshaped chip designer's business to focus on royalties rather than fees
Analysis: Meta has invested $80B+ in AR and VR since 2014 when it bought Oculus, and is on track to top $100B in 2025; a source says it sold 1M Ray-Bans in 2024
Tech group reveals it put $19.9bn into its Reality Labs division, which develops its smart glasses and headsets, last year
A profile of Rapidus, which is attempting to prove that bespoke chips can be efficiently and profitably produced in small quantities rather than large batches
Financial Times : X: @tanarrowz and @workmj X: @tanarrowz : In Dec'24, Rapidus will take delivery of an EUV machine from ASML, vital for manufacturing the 2nm chips the company is...
Sources: Elon Musk's xAI plans to debut a consumer app as soon as December; the startup built its Colossus data center, which uses 100K Nvidia GPUs, in 122 days
The Tesla CEO is racing to make xAI, which launched after its competitors, the world's most advanced AI company
Sources: Elon Musk has given investors who backed his $44B Twitter acquisition 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation
Investors hit by losses following billionaire's takeover of social media platform reap rewards from shares in his AI start-up
Blackstone, Pimco, Carlyle, BlackRock, and others have loaned $11B+ to CoreWeave, Crusoe, and other “neocloud” companies, creating a lucrative new debt market
Tabby Kinder / Financial Times :
A look at the “Shein village” supply chain in Panyu, China, as Temu apes its tactics; sources say Beijing is unhappy with Shein's move to “de-Chinafy” itself
Financial Times :
An overview of California's AI safety bill SB 1047, which easily passed the state's legislature, as it awaits Governor Newsom's signature or veto before Sep. 30
California's Gavin Newsom has until September 30 to decide whether to sign legislation that will reach far beyond the state
An overview of California's AI safety bill SB 1047, which easily passed the state's legislature, as it awaits Governor Newsom's signature or veto before Sep. 30
California's Gavin Newsom has until September 30 to decide whether to sign legislation that will reach far beyond the state
Chinese government data: China is unleashing billions in lending to tech startups using intellectual property as collateral, up 57% YoY to ~$58.8B in H1 2024
Financial Times : X: @zacharykeck , @chinabeigebook , and @tanarrowz X: Zachary Keck / @zacharykeck : Unless I am missing something, the problem in China is not credit has dried u...
Carta says 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds from the 2021-2022 boom run out
Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms
A look at Satya Nadella's AI efforts; a source says some future Microsoft AI products may switch from OpenAI's tech to the model developed by Suleyman's team
Wall Street Journal :
Q&A with BCG CEO Christoph Schweizer, who says the consulting firm expects 20% of its 2024 revenue and 40% of its 2026 revenue to come via helping integrate AI
Financial Times : X: @tanarrowz and @sundeep . Forums: r/consulting X: @tanarrowz : BCG expects to generate a fifth of its revenues in 2024 from helping corporations integrate art...
Interviews with 12+ former and current employees: ByteDance faces a backlash from its US TikTok staff over large tax bills on stock shares that they cannot sell
Current and former employees of video app's Chinese parent ByteDance in outcry over stock award liabilities