Maria Deutscher
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OpenAI, Microsoft reportedly hire banks to renegotiate partnership terms
OpenAI and Microsoft Corp. have reportedly hired investment banks to help revise the terms of their partnership. The Wall Street Journal today cited sources as saying that OpenAI is being advised by Goldman Sachs. Microsoft, in turn, has reportedly hired Morgan Stanley. The two banks previously participated in a deal that gave the ChatGPT developer ...
H2O.ai releases small language models for multimodal processing tasks
H2O.ai Inc. on Thursday introduced two small language models, Mississippi 2B and Mississippi 0.8B, that are optimized for multimodal tasks such as extracting text from scanned documents. The models are available on Hugging Face under an open-source license. Mountain View, California-based H2O.ai provides a suite of tools for building artificial intelligence applications. Enterprises can use ...
Intel reportedly seeking to sell minority stake in Altera at $17B valuation
Intel Corp. is holding discussions with investors about selling a stake in its Altera chip unit, CNBC reported today. The company is said to have reached out to several potential buyers, including private equity firms, since the start of the week. Intel reportedly hopes to sell a minority stake in Altera for several billion dollars. ...
Google reshuffles product leadership team and two AI units
Google LLC today announced that Prabhakar Raghavan, the executive in charge of its search engine and advertising tools, will move to the role of chief technologist. The development is part of a broader reorganization that affects several of the company’s businesses. Nick Fox, a longtime Google executive, will step into Raghavan’s current role. Meanwhile, two ...
TSMC shares jump on expectation-topping third-quarter results
Taiwan Semiconductor Manufacturing Co. Ltd. today posted third-quarter earnings and revenue that easily topped analyst expectations. TSMC’s shares rose more than 9% on the results. The world’s largest contract chipmaker generated a net profit of 325.3 billion New Taiwan dollars, or $10.1 billion, in the three months ended September. That represents a 54% improvement over ...
Permira completes its $7.2B acquisition of Squarespace
Permira, a London-based investment firm, today took website tooling provider Squarespace Inc. private in a deal valued at $7.2 billion. The milestone comes six months after the companies first announced the transaction. Squarespace operates a cloud platform that businesses and consumers use to host websites. The company also offers several related features, including a tool ...
Amazon to invest in three nuclear energy projects
Amazon.com Inc. today announced plans to invest in three nuclear energy projects that will use a new type of miniature reactor to generate power. The deals come on the heels of similar investments from the company’s top rivals in the cloud computing market. Over the past few weeks, Microsoft Corp. and Google LLC both announced ...
LatticeFlow releases framework for checking LLMs’ compliance with the EU AI Act
Startup LatticeFlow AG today released COMPL-AI, a framework that can help companies check whether their large language models comply with the EU AI Act. Zurich-based LatticeFlow is backed by more than $14 million in venture funding. It provides a platform for finding technical issues in artificial intelligence training datasets. Additionally, the company helps organizations ensure that ...
Amazon refreshes its Kindle e-reader lineup with four new devices
Amazon.com Inc. today introduced the Kindle Colorsoft Signature Edition, its first e-reader with a color screen. The device debuted at a New York product event alongside upgrades to three existing Kindle devices. Amazon unveiled a new version of the Kindle Scribe, an e-reader optimized for taking notes, that adds a set of features powered by ...
Crusoe’s $3.4B joint venture to build AI data center campus with up to 100,000 GPUs
Crusoe Energy Systems LLC, Blue Owl Capital Inc. and Primary Digital Infrastructure are launching a $3.4 billion joint venture to build a data center campus in Texas. The companies announced the project today. Crusoe is a Denver-based data center builder that was founded in 2018 with an initial focus on cryptocurrency mining. It later launched ...