Nvidia has committed as much as $10 billion and Microsoft up to $5 billion to Anthropic, the young AI company that makes the Claude platform. In return, Anthropic has pledged to spend $30 billion using Microsoft’s cloud services that, almost certainly, will be powered by Nvidia’s chips.
JPMorgan Chase, the world’s richest bank by market capitalization, is being “fundamentally rewired” to take the greatest possible advantage of AI, chief data analytics officer Derek Waldron said in a CNBC interview.
Alphabet, Amazon, Microsoft, and Nvidia all reported hefty third-quarter profits. However, much of their future earnings depend on their contracts with Anthropic, Open AI, and other stand-alone AI developers that, so far, show few prospects of having the money to make good on their commitments.
The European Commission (EC) is thinking of suspending parts of its AI Act, the landmark suite of regulations it established in May 2024 to govern artificial intelligence amid intense pressure from Big Tech companies and the US government.
U.S. firms shed more than 11,000 jobs a week through late October, according to a report by payroll processor ADP.
Both The New York Times and The New York Times Magazine have put out recent pieces on how invasive AI technologies are coming for the sanctuary of human minds and thoughts.
AI developers are projecting their energy needs to be far beyond what they actually will be, making it impossible for utility companies to know how much new capacity they’ll need to build, industry executives complain.
A new AI large language model (LLM) the developers have named “Dragon Hatchling” is a possible next step toward artificial general intelligence (AGI), where AIs can outperform humans in virtually every intellectual pursuit, according to scientists at Pathway, the startup that designed it.
OpenAI, which has yet to turn a profit, has signed a $38-billion contract to buy cloud computing time from Amazon Web Services. The contract will extend for the next seven years and includes access to Nvidia’s advanced chips.
At this month’s Future of AI Summit, “father of the Internet” Tim Berners-Lee explained how AI will kill the business model that Google and other search engines are based on—and perhaps the current foundation of the advertising industry itself.