Sources: Amazon and Anthropic join Microsoft in backing the GAIN AI Act, which would require US chipmakers to meet local demand before export; Nvidia opposes it
Legislation would give tech leaders preferential access to chips — WASHINGTON—Amazon.com is joining Microsoft …
Some 20-somethings flocking to SF to build trillion-dollar AI startups say no to booze, sleep, and fun as they strive to be, or appear to be, the most obsessed
To reach the dream of creating a trillion-dollar company, the 20-somethings flocking to San Francisco give up everything but their laptops
Sources: Microsoft is pushing to remove the AGI clause from its OpenAI contract, which lets OpenAI limit Microsoft's access to its IP once its systems reach AGI
Silicon Valley is at odds over whether AI can reach and exceed humanlike intelligence, a milestone with major implications …
A look at challenges to OpenAI becoming a for-profit company, including the complexity of splitting assets with the nonprofit arm, which will continue to exist
we need LAWS that give independent oversight https://www.vox.com/...
Source: SoftBank's Vision Fund has agreed to invest $500M in OpenAI's latest funding round, SoftBank's first investment in OpenAI, which is raising $6.5B
SoftBank's Vision Fund has agreed to invest $500 million in OpenAI's latest funding round, which values the developer of ChatGPT …
A look at challenges to OpenAI becoming a for-profit company, including the complexity of splitting assets with the nonprofit arm, which will continue to exist
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B
Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week — Apple is no longer in talks to participate in an OpenAI funding round expected …
Investors cheer Microsoft and Alphabet's huge AI spending plans as shares of both firms rallied but not Meta's, which saw its worst trading day in 18 months
guessing this is due to historical Meta (over-)$pend on VR, hwvr this time seems like it's the right decision... wouldn't be surprised to see market revise their opinion in future....
Microsoft, Meta, and Alphabet disclosed that they had spent $32B+ combined on data centers and other capital expenses in Q1, as they accelerate AI spending
The spending that the industry's giants expect artificial intelligence to require is starting to come into focus — and it is jarringly large.
Alphabet closes above a $2T market cap for the first time, reaching a valuation of $2.15T after rising 10% on April 26, its biggest one-day jump since July 2015
- Report reassures investors about its prospects with AI — Google parent already twice breached level on intraday basis
Investors cheer Microsoft and Alphabet's huge AI spending plans as shares of both firms rallied but not Meta's, which saw its worst trading day in 18 months
Meta had its worst trading day in 18 months after warning of years of AI investment; shares of Microsoft and Alphabet rallied
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20
The divest-or-ban bill is now law, starting the clock for ByteDance to make its move. The company has an initial nine months …
Sources: ByteDance executives have previously considered TikTok's global operations to be worth ~50% of the Chinese company's overall value, or above $100B
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its algorithm @raffaelehuang @soonweilun https://www.wsj.com/... https...
Hands-on with Journal on iPhone: first suggestions can be jarring but get better with time; experts say the app can do more to help users set goals and reflect
Zoe Denenberg / Wall Street Journal :
Sources: Temu and Shein have supplanted Walmart and Target as focal points in internal Amazon meetings related to retail, as Amazon explores new promo campaigns
from Amazon to Walmart to Wawa Lionel Lim / Fortune : Temu-owner PDD spooked China's e-commerce giants last year with its low prices. Now the upstart has almost doubled its annual ...
Sources, court filings, and internal documents detail how Sam Altman and Elon Musk's partnership that launched the AI boom soured, culminating in Musk's lawsuit
His wives — His girlfriends — His employess — His business partners — In Musk's case, even his children(!) hate him. … X: Deepa Seetharaman / @dseetharaman : “I miss the old E...
OpenAI fires back at Elon Musk's lawsuit, accusing Musk of suing when the company “started making meaningful progress towards OpenAI's mission without him”
Musk filed the lawsuit last week against OpenAI, Chief Executive Officer Sam Altman and President Greg Brockman …
Sources: the US SEC sent a subpoena to OpenAI in December 2023, seeking internal records, after the board's decision in November 2023 to fire Sam Altman as CEO
Regulator is examining internal communications of CEO Sam Altman, after board last year temporarily ousted him for alleged lack of candor
A profile of Blackstone CEO Steve Schwarzman, who might be the biggest individual funder of AI education and research, having pledged $500M+ to the effort
The private-equity billionaire has donated more than half a billion dollars for AI education and research
Tech investors and founders are flocking back to San Francisco, which is undergoing an AI boom, after leaving during the pandemic for Miami and other US cities
In 2020, venture capitalist Keith Rabois urged startup founders to join him in ditching San Francisco for Miami … Mastodon: @carnage4life@mas.to . X: @thesafestspace , @pitdesi , @...