Mike Wheatley – SiliconANGLE

Anthropic launches new program to fund creation of more reliable AI benchmarks

Mike Wheatley — Tue, 02 Jul 2024 02:13:07 +0000

Generative artificial intelligence startup Anthropic PBC wants to prove that its large language models are the best in the business. To do that, it has announced the launch of a new program that will incentivize researchers to create new industry benchmarks that can better evaluate AI performance and impact. The new program was announced in […]

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France poised to slap Nvidia with antitrust charges stemming from its AI dominance

Mike Wheatley — Tue, 02 Jul 2024 00:00:38 +0000

French antitrust regulators are reportedly on the verge of slapping Nvidia Corp. with charges that allege it has engaged in anticompetitive practices regarding its domination of the artificial intelligence computing industry. Nvidia has emerged as the world’s foremost supplier of graphics process units and high-speed networking gear that’s required to build the massive clusters required […]

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Automotive lifecycle data startup Solera files for IPO, seeking to raise $1.5B

Mike Wheatley — Mon, 01 Jul 2024 01:44:19 +0000

Automotive data software startup Solera Corp. filed paperwork for an initial public offering with the U.S. Securities and and Exchange Commission on Friday, confirming an earlier report from Bloomberg that first revealed its IPO plans. The filing is another sign of investors’ slowly growing enthusiasm for first-time share offerings, following a spate of successful public […]

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SK Hynix announces $75B investment to boost AI chipmaking business

Mike Wheatley — Sun, 30 Jun 2024 23:58:54 +0000

SK Group, the parent of South Korean memory chipmaker SK Hynix Inc., said today it’s planning to invest $74.6 billion into its chip business over the next three years, while setting aside an additional $58 billion especially for artificial intelligence-related technologies and shareholder returns. The new investment is apparently in addition to the $90 billion […]

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OpenAI’s CriticGPT uses generative AI to spot errors in generative AI’s outputs

Mike Wheatley — Fri, 28 Jun 2024 02:02:38 +0000

OpenAI’s latest innovation is called CriticGPT, and it was built to identify bugs and errors in artificial intelligence models’ outputs, as part of an effort to make AI systems behave according to the wishes of their creators. Traditionally, AI developers use a process known as Reinforcement Learning from Human Feedback or RLHF to help human […]

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Meta’s new LLM Compiler could transform the way software is compiled and optimized

Mike Wheatley — Fri, 28 Jun 2024 00:52:06 +0000

Meta Platforms Inc.’s artificial intelligence research team said today it’s open-sourcing a suite of robust AI models called the Meta Large Language Model Compiler. According to the researchers, it can transform the way developers go about code optimization for LLM development, making the process faster and more cost-efficient. In a blog post, Meta’s systems research […]

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Nokia to buy Infinera for $2.3B to scale up its optical networking business

Mike Wheatley — Fri, 28 Jun 2024 00:06:54 +0000

Finnish networking giant Nokia Corp. has announced plans to acquire Infinera Corp. in a $2.3 billion deal that’s intended to help grow its optical networks business. The company, which makes telecommunications infrastructure such as 5G cellular antennas, said today that the acquisition of Infinera will help speed up its optical networks businesses’ path towards double-digit […]

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Box announces unlimited queries for Box AI and coming integration with GPT-4o

Mike Wheatley — Thu, 27 Jun 2024 13:00:26 +0000

Box Inc. today is enhancing its popular AI service that helps to increase the productivity of business workers, adding new features that will make it more powerful. The cloud content management company also announced unlimited queries for Enterprise Plus subscribers in order to meet the growing demand for Box AI’s capabilities. Box AI is a suite […]

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Orby AI raises $30M to take business process automation to the next level with generative AI

Mike Wheatley — Thu, 27 Jun 2024 13:00:21 +0000

Generative artificial intelligence-powered enterprise automation startup Orby AI Inc. today revealed it has closed on a $30 million early-stage funding round, fueling its mission to eliminate mundane processes from work. Today’s Series A round was led by New Enterprise Associates, Wing VC and Jeffrey Katzenberg’s WndrCo. Pear VC also participated, having co-led the company’s original […]

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Illumex raises $13M to add more meaning and context to structured data used by generative AI

Mike Wheatley — Thu, 27 Jun 2024 13:00:02 +0000

Big-data readiness startup Illumex Technologies Inc., which aims to overcome the challenges associated with structured information, said today it has closed on a $13 million seed funding round. Today’s round was led by Cardumen Capital, Amdocs Ventures and Samsung Ventures, and saw the participation of ICI Fund, Jibe Ventures, Iron Nation Fund, Ginnosar Ventures, ICON […]

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Micron’s stock slumps as fourth-quarter guidance disappoints

Mike Wheatley — Wed, 26 Jun 2024 23:58:44 +0000

Chipmaker Micron Technology Inc. reported solid third-quarter financial results today, beating expectations on earnings and revenue, but its topline forecast for the current quarter was only in line with analyst’s projections, disappointing investors. The company reported quarterly earnings before certain costs such as stock compensation of 62 cents per share, beating Wall Street’s consensus estimate of […]

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Intel shows off first fully integrated optical compute interconnect, designed to scale up AI workloads

Mike Wheatley — Wed, 26 Jun 2024 15:00:08 +0000

Intel Corp. said today it has achieved another key milestone as it strives to make integrated photonics technology for high-speed data transfers a reality. The chipmaker showed off what it says is the industry’s first-ever “fully integrated optical compute interconnect,” or OCI, chiplet, co-packaged with an Intel-made central processing unit. The new chip was showcased […]

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EvolutionaryScale raises $142M in seed funding to accelerate AI-powered protein discovery

Mike Wheatley — Wed, 26 Jun 2024 02:30:01 +0000

Biology-focused artificial intelligence startup EvolutionaryScale Inc. said today it has raised $142 million in a seed funding round to transform the way scientists create novel proteins for scientific research. Today’s round was led by Nat Friedman, Daniel Gross and Lux Capital, and saw participation from Amazon Web Services Inc. and Nvidia Corp.’s venture capital arm. […]

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Transformer model chipmaker Etched.ai raises $120M to challenge Nvidia’s market dominance

Mike Wheatley — Wed, 26 Jun 2024 01:51:07 +0000

Artificial intelligence chip startup Etched.ai Inc. said today it’s looking to rival Nvidia Corp. and become a market leader in dedicated AI chips, after closing on a hefty $120 million early-stage round of funding. The two-year old startup was founded by a couple of Harvard university dropouts, who believe they have just what it takes […]

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OpenAI launches ChatGPT app for Mac, but delays release of more advanced chat capabilities

Mike Wheatley — Tue, 25 Jun 2024 23:50:35 +0000

OpenAI said today that its official ChatGPT app for Apple Mac computers is now available to download for all users running macOS Sonoma or later. However, the company is also delaying the rollout of a more eagerly anticipated feature, namely the advanced voice mode in ChatGPT that was announced in May and due to launch […]

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AI startup Emergence AI raises a ton of cash to enhance office worker productivity

Mike Wheatley — Tue, 25 Jun 2024 02:57:35 +0000

Emergence AI, a generative artificial intelligence startup that’s focused on enhancing the productivity of business employees, said today it has closed on a $97.2 million funding round led by Learn Capital. Adding to those funds, it has also secured lines of credit totaling more than $100 million, the startup said. For a company that says it’s […]

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Klarity Intelligence raises $70M to automate the document review process

Mike Wheatley — Tue, 25 Jun 2024 01:44:17 +0000

Document intelligence startup Klarity Intelligence Inc. said today it has raised $70 million in new round of funding led by Nat Friedman and Daniel Gross. Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital and Y Combinator also participated. Today’s Series B round, which follows an $18 million investment in January 2022, brings the company’s total […]

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Record labels file lawsuits against AI music generators Suno and Udio, alleging widespread copyright infringement

Mike Wheatley — Tue, 25 Jun 2024 00:23:14 +0000

Three major record labels said today they have filed lawsuits against the generative artificial intelligence music startups Suno Inc. and Uncharted Labs Inc., better known as Udio. The two separate lawsuits against Suno and Udio allege that the AI companies have carried out “widespread infringement” of copyrighted sound recordings at an “almost unimaginable scale.” Leading […]

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Oracle unveils generative AI-powered digital assistant for U.S. clinicians

Mike Wheatley — Mon, 24 Jun 2024 12:05:59 +0000

Oracle Corp. is flexing its generative artificial intelligence muscles again with the launch of a new Clinical Digital Assistant for Ambulatory clinics in the U.S. Announced today, the new digital assistant is a mobile offering that integrates clinical intelligence, multimodal voice and screen-driven assistance with generative AI. The app is designed to provide clinicians with […]

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Rivals Apple and Meta Platforms reportedly discussing generative AI partnership

Mike Wheatley — Mon, 24 Jun 2024 01:31:14 +0000

In a bid not to be left behind in the race to integrate advanced generative artificial capabilities into its hardware, Apple Inc. is reportedly discussing a partnership with its longtime rival Meta Platforms Inc., the parent company of Facebook. The proposed partnership would see Apple integrate Meta’s Llama 3 large language model with the Apple […]

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AI startup Sierra’s new benchmark shows most LLMs fail at more complex tasks

Mike Wheatley — Fri, 21 Jun 2024 02:59:01 +0000

Generative artificial intelligence startup Sierra Technologies Inc. is taking it upon itself to “advance the frontiers of conversational AI agents” with a new benchmark test that evaluates the performance of AI agents in real-world settings. Compared with previous benchmarks, Sierra’s 𝜏-bench goes further than simply assessing the conversational capabilities of AI chatbots, measuring their ability […]

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AI chipmaker Cerebras Systems, a competitor to Nvidia, reportedly files for an IPO

Mike Wheatley — Fri, 21 Jun 2024 01:54:43 +0000

Cerebras Systems Inc., the high-powered computer chip startup taking on Nvidia Corp. in the artificial intelligence industry, has reportedly filed confidential paperwork with U.S. securities regulators ahead of an initial public offering on the Nasdaq stock exchange. That’s according to The Information, which today cited an unnamed person involved in the decision as saying that […]

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Report: Apple’s generative AI ambitions likely to be delayed in China

Mike Wheatley — Fri, 21 Jun 2024 00:08:01 +0000

The rollout of new Apple Intelligence features coming to iPhones, iPads and Mac computers is likely to be delayed in China because of that country’s strict regulations on the use of artificial intelligence. Apple Inc. announced the upcoming launch of its generative AI features earlier this month at its annual Worldwide Developers Conference. The features […]

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FinOps Foundation debuts unified billing model for cloud computing

Mike Wheatley — Thu, 20 Jun 2024 16:00:24 +0000

The Linux Foundation’s FinOps Foundation initiative today launched version 1.0 of its open-source billing standard, called the FinOps Open Cost and Usage Specification. The hope is that the specification, FOCUS for short, will become the industry standard for cloud services providers, and make it easier for enterprises to manage, track and predict cloud spending. By creating a […]

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Bessemer’s latest State of Cloud report predicts AI’s world domination

Mike Wheatley — Thu, 20 Jun 2024 16:00:13 +0000

One of Silicon Valley’s most respected venture capital firms, Bessemer Venture Partners LLC, today released its latest annual State of the Cloud report and, perhaps not surprisingly, it’s focused for the first time almost exclusively on the impact of artificial intelligence in the cloud computing industry. The focus on AI underscores Bessemer’s extremely bullish stance on […]

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GrayMatter Robotics raises $45M to automate tricky manufacturing operations

Mike Wheatley — Thu, 20 Jun 2024 15:00:38 +0000

Manufacturing robotics startup GrayMatter Robotics Inc. is looking to kickstart a wave of factory automation after closing on a new $45 million funding round today. The Series B round was led by Wellington Management and saw participation from other new investors, including NGP Capital, Euclidean Capital, Advance Venture Partners and SQN Venture Partners, plus existing […]

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French quantum computing startup C12 raises €18M to stabilize qubits with carbon nanotubes

Mike Wheatley — Thu, 20 Jun 2024 01:53:05 +0000

Few people have heard of the French quantum computing startup C12 Quantum Electronics SAS, but that could change if its novel architecture for creating the qubits that power these next-generation computers lives up to its billing. A lot of people seem to think it will, for C12 today announced it has raised €18 million ($19.4 […]

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Finbourne raises £55M to break down financial data silos with AI

Mike Wheatley — Wed, 19 Jun 2024 02:16:58 +0000

U.K.-based financial data management startup Finbourne Technology Ltd. said today it has closed on a £55 million ($70 million) middle-stage funding round to help make life easier for investment managers and financial institutions by providing them with artificial intelligence-powered insights. Today’s Series B round was led by Highland Europe and AVP, and comes after the […]

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Decagon raises $35M to transform customer service with more ‘humanlike’ AI agents

Mike Wheatley — Wed, 19 Jun 2024 01:19:42 +0000

Generative artificial intelligence chatbot startup Decagon AI Inc. is aiming up upend the nascent AI-powered customer support industry after closing on a $35 million early-stage funding round. Announced today, the Series A round was led by Accel and saw participation from a16z and a host of prestigious names who joined as angel investors, including Box […]

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Nvidia surpasses Microsoft to become the world’s most valuable company

Mike Wheatley — Tue, 18 Jun 2024 23:44:55 +0000

Red-hot artificial intelligence chipmaker Nvidia Corp. has finally achieved what many thought was only a matter of time, surpassing Microsoft Corp. to become the most valuable publicly traded company in the world. The value of Nvidia’s stock gained more than 3.6% in trading today, pushing its market capitalization to $3.34 trillion. With that, it finally […]

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