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OpenAI reinstates Altman as CEO with changes to the governing board
OpenAI announced that Sam Altman (pictured) was officially reinstated as chief executive and that the company will have a new non-profit board, including a non-voting observer from Microsoft Corp. The announcement came Wednesday in a blog post written by Altman two weeks after the previous board oversaw his sudden departure from the company amid claims ...
AWS rolls out new Titan AI models for image and text generation
Amazon Web Services Inc. today announced two new artificial intelligence foundation models for Amazon’s Titan family, including an image generator and a model capable of taking text or images and turning them into AI readable vector embeddings. The new models were announced today during the company’s annual re:Invent 2023 conference. Amazon also announced that text-generating models Titan ...
Blockchain messaging protocol Wormhole raises $225M at $2.5B valuation
Wormhole, the company behind a cross-blockchain messaging protocol, today announced it secured a gigantic $225 million investment at a valuation of $2.5 billion, making it the largest funding cryptocurrency-related funding round of 2023. According to the announcement, the fundraise was joined by was joined by Coinbase Ventures, Multicoin Capital, ParaFi, Dialectic, Borderless Capital, Arrington Capital, and Jump ...
AWS previews Amazon Q: an AI-powered business assistant coming first to IT pros and developers
Amazon Web Services Inc. today announced the preview of Amazon Q, a new generative artificial intelligence-powered assistant that can be tailored for a customer’s business, which will first be rolled out to assist information technology teams and developers. The company unveiled Amazon Q during AWS re:Invent 2023, its annual week-long conference, showing how developers and IT professionals can ...
Nvidia unveils generative AI microservice for accurate answers with enterprise data
Nvidia Corp. today announced a new generative artificial intelligence microservice designed to allow enterprise businesses to connect custom chatbots, copilots and AI summarization tools to real-time proprietary company data to deliver more accurate results. The new service, called NeMo Retriever, is part of the Nvidia NeMo cloud-native family of frameworks and tools for building, customizing and deploying generative AI ...
AWS debuts next-generation Graviton4 and Trainium2 chips for cloud and AI workloads
Amazon Web Services Inc. today unveiled two next-generation chips from its AWS-designed silicon families for generalized cloud computing and high-efficiency artificial intelligence training with the release of the Graviton4 and Trainium2 during an AWS re:Invent conference keynote. The Graviton family of Arm-based processors is used by AWS to deliver high-performance and reduced costs for customers ...
Varjo releases XR-4 VR headsets featuring next-gen mixed reality capabilities
Finland-based virtual reality firm Varjo Technologies Oy launched the next generation of its high-fidelity mixed reality headsets today with the debut of its XR-4 series, which includes high-resolution displays, auto-focus cameras and new capabilities for industrial and enterprise applications. Varjo is well-known for making some of the most advanced VR and MR headsets on the planet, featuring human-eye resolution ...
LaunchDarkly previews generative AI-powered product experimentation feature
LaunchDarkly, a feature management platform that helps developers and software engineers manage and launch products, released a new experimentation capability today in preview powered by generative AI that will allow teams to quickly generate product experiments at scale. At the core of building and releasing products is understanding, measuring and testing small changes at scale ...
Microsoft, OpenAI sued over alleged unauthorized use of nonfiction authors’ work in AI training
Artificial intelligence startup OpenAI and Microsoft Corp. have been hit with a new lawsuit alleging that the companies violated copyright by using the works of nonfiction authors to train AI models, including OpenAI’s ChatGPT. Julian Sancton, author of the New York Times bestseller “Madhouse at the End of the Earth” and reporter, is the principal ...
Crypto exchange Binance to pay $4.3B in fines and CEO ‘CZ’ to step down
Updated: Binance Holdings Ltd., the world’s largest cryptocurrency exchange by volume, today agreed to pay the U.S. government $4.3 billion to settle charges for breaking sanctions and money transmitting laws. At the same time, Binance Chief Executive Changpeng “CZ” Zhao plans to step down and plead guilty to criminal charges in a bid to allow ...