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Recently, news broke that MGX, the UAE's state-owned investment firm, is considering participating in a multi-billion dollar funding round for OpenAI. According to the Wall Street Journal, MGX has yet to determine the exact size of its investment, while OpenAI is looking to reach $6.5 billion in funding and boost the company's valuation to $150 billion. The funding plan is backed by, among others, venture capital firm Thrive Capital, and it's possible that Microsoft could also be involved - after all, since 2019, Microsoft has invested $1...

Tesla CEO Elon Musk said he would seek board approval to invest $5 billion in his artificial intelligence startup xAI, potentially further entangled his network of tech companies. If the investment is completed, it could rekindle questions about conflicts of interest among Musk's network of companies, which also includes spacecraft operator SpaceX and Neuralink, which develops computer-brain interfaces. Tesla is seeking to transform itself from an electric car maker to a robotics and artificial intelligence company. Musk has pledged to build a team driven by the technology...

Recently, AI programming startup Anysphere announced that their AI code editor Cursor has attracted much attention and successfully obtained a new round of financing from the well-known venture capital firm A16z, with a valuation of at least US$400 million. Cursor is used by many large technology companies, including OpenAI and Perplexity, showing its wide application in the engineering circle. Product entrance: https://www.1ai.net/15711.html Anysphere's goal is to use this...

Goldman Sachs, a world-renowned investment bank, recently questioned the return on investment in artificial intelligence (AI). Although major companies and investors are spending billions of dollars on AI research and development, Goldman Sachs is concerned about whether such a huge investment can really bring rich returns. Image source Pexels Currently, the training cost of the LLM large language model we use (such as GPT-4o) is as high as hundreds of millions of dollars, and the training cost of the next generation of models is expected to soar to $1 billion. Venture capital giant Sequoia Capital (Sequoia Cap…

The Information, citing people involved in the decision, reported that British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new CEO. Prem Akkaraju, former CEO of visual effects company Wētā FX, is one of the investors that includes former Facebook president Sean Parker. The report said that these investors have invested a total of more than $100 million (currently about 728 million yuan),…

SoftBank plans to invest $9 billion (currently about 65.34 billion yuan) in AI projects to accelerate its "most radical" transformation yet, the Financial Times reported on Sunday. SoftBank is still "reserving firepower" for bigger deals, and the company's founder and CEO Masayoshi Son has been emphasizing his belief in artificial intelligence and the need to "reshape the company." In the past 12 months since Son announced that SoftBank was ready to "launch a counterattack," SoftBank's investment and commitments have more than doubled compared to previous years to $8.9 billion (currently...

According to Alibaba's financial report, the company invested a total of approximately US$800 million (currently approximately RMB 5.9 billion) in the artificial intelligence startup Moonshot AI in fiscal year 2024, purchasing approximately 36% equity, which is a preferred stock investment in Moonshot AI. Alibaba Group Chairman Joseph Tsai and CEO Wu Yongming wrote in a shareholder letter that the company "uses AI as the most powerful variable to change and accelerate business growth." The letter to shareholders stated that over the past 25 years, Alibaba has experienced continuous growth and has also shown some symptoms of "big company disease"...

SoftBank plans to launch its own AI chip in 2025 and invest $64 billion (10 billion yen) in AI chips, robots, data centers and other fields. According to the Nikkei, SoftBank's subsidiary Arm, known for its smartphone chip design, will establish its own AI chip division. Source Note: Image generated by AI, image licensing service provider Midjourney expects to launch a prototype in spring 2025 and mass-produce it by contract manufacturers. Arm will initially bear hundreds of billions of yen in development costs and receive SoftBank's...

Recently, Microsoft announced that it would invest nearly $10 billion in the field of artificial intelligence overseas, aiming to maintain its leading position in this key market. Generative artificial intelligence has been hailed as a new industrial revolution and has set off a technological trend in Silicon Valley. As a major supporter of OpenAI, Microsoft has achieved great success through its ChatGPT project and has become the company with the highest market value in the world. Source Note: Image generated by AI, image licensing service provider Midjourney Since ChatGPT came out in 2022, Microsoft has been vigorously developing in the field of artificial intelligence, and has not…

The European Union's antitrust regulator has confirmed that Microsoft's significant $13 billion stake in OpenAI will not trigger a formal investigation. This marks a major shift for the tech giant, allowing it to avoid restrictions that may be imposed after complying with European merger regulations. Source note: Image generated by AI, image licensing service provider Midjourney The investment was announced last year and stipulates that Microsoft will receive a non-voting seat on OpenAI's board of directors, claiming that this does not equate to ownership of the artificial intelligence company. Microsoft believes that this investment is only strategic in nature, not...

According to the latest report from the Stanford University Artificial Intelligence Institute (HAI), global AI investment fell for the second consecutive year in 2023. Data shows that AI-related mergers and acquisitions fell from $117.16 billion in 2022 to $80.61 billion in 2023, a decrease of $31.21; private investment fell from $103.4 billion to $95.99 billion. Overall, total investment in AI fell to $189.2 billion last year, a decrease of $20.1 from 2022. Analysts believe that this trend reflects that the AI industry is moving from a "bubble-like investment...

Microsoft (NASDAQ: MSFT) and OpenAI plan to invest $100 billion to $115 billion in a new supercomputer called Stargate to accelerate the construction of infrastructure for artificial intelligence (AI) applications, according to technology business publication The Information. Although Microsoft and OpenAI have not yet released details, the two companies are said to be in the third phase of a five-phase project, of which Stargate will be the fifth phase. The article suggests that a considerable portion of the project's budget may be…

Amazon announced an additional $2.75 billion investment in artificial intelligence company Anthropic. This investment is an additional injection of $1.25 billion last year, bringing Amazon's total investment in Anthropic to $4 billion (currently about RMB 28.96 billion). As part of the investment agreement, Amazon acquired a minority stake in Anthropic and was able to participate in the company's development direction. In addition, Amazon will incorporate Anthropic's model into Amazon Bedro…

The Indian government announced that it has approved the national "IndiaAI Mission" project, which aims to achieve the two goals of "making AI take root in India" and "making AI serve India", with a budget of 103.7192 billion rupees (currently about 9.013 billion yuan). According to reports, the project will be implemented by the "IndiaAI" independent business unit (IBD) under the Digital India Corporation (DIC) and will include the following components: IndiaAI computing power: A scalable artificial intelligence computing foundation consisting of more than 10,000 GPUs will be established...

FlowGPT, a global open source AI ecosystem platform, was founded by Chinese people born in the 2000s. It aims to become a global open source ecosystem platform for GenAI, providing users with a community for exchanging AI practices and the tools needed to actually develop AI applications. Users and creators can interact on the platform and create and share various GenAI applications. FlowGPT recently received a $10 million investment led by Silicon Valley venture capital fund Goodwater Capital and followed by old shareholder DCM Ventures. The platform is similar to an app store,…

Recently, the highly anticipated French AI company Mistral announced the launch of its AI chatbot Le Chat. This chatbot is seen as a strong competitor to ChatGPT and is designed to become a "conversation portal" for users to interact with Mistral's various models (such as Mistral Large, Mistral Small, and Next). Currently, Le Chat has opened Beta testing, and users can experience it by registering as a Beta tester. In addition, Mi…

At the 2024 Mobile World Congress, Microsoft President Brad Smith announced the company's new AI Access Principles, which will guide Microsoft's future business development in the field of artificial intelligence. Smith wrote in a blog post: "The principles we announced today are the largest investment, partnership, and plan to promote innovation and competition in Microsoft's 49-year history. By publishing these principles, we are committed to providing broad access to technology so that organizations around the world can...

Global cloud user spending is expected to exceed $599 billion in 2023, up from $421 billion in 2021 and nearly $500 billion in 2022. However, businesses face challenges in adapting to the new digital normal, especially when it comes to cloud computing spending. A recent Forrester report showed that 94% of companies incur avoidable cloud expenses due to factors such as underutilization of resources, over-provisioning, and lack of internal talent to manage cloud infrastructure. To address this challenge, the financial operations (FinOps) market…