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News on Medial
Friends from the old neighborhood turn rivals in Big Tech's AI race
Economic Times
·
1y ago
Medial
Mustafa Suleyman and Demis Hassabis are two powerful executives in the tech industry's race to build artificial intelligence. They co-founded DeepMind in 2010 but went their separate ways after a clash. Hassabis now leads Google DeepMind, while Suleyman recently became CEO of Microsoft AI. The rivalry between the two companies has intensified as they both aim to control the next dominant computing platform. Despite their differences, Suleyman and Hassabis maintain a friendly relationship, although Hassabis downplays any notion of rivalry. Their journey from childhood friends to industry leaders is a unique story in the tech world.
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US sues Amazon for breaking antitrust law and harming consumers
Economic Times
·
1y ago
Medial
The US Federal Trade Commission has filed an antitrust lawsuit against Amazon, accusing the e-commerce giant of harming consumers with higher prices. The lawsuit claims that Amazon's actions prevent rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and hinder fair competition. The lawsuit comes after years of complaints about Big Tech's dominance of the internet. The FTC is seeking a permanent injunction to stop Amazon's alleged unlawful conduct. Several state attorneys general have joined the lawsuit.
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Apple reportedly considers letting Anthropic and OpenAI power Siri | TechCrunch
TechCrunch
·
2m ago
Medial
Apple is reportedly considering integrating AI models from OpenAI and Anthropic into Siri, rather than solely using its own technology. The company is internally working on a project called “LLM Siri” but faces technical challenges, delaying its AI-enhanced Siri from 2025 to 2026 or later. Apple is exploring deeper integration with third-party AI to keep up with rivals like Google, OpenAI, and Anthropic, having fallen behind in the AI race in recent years.
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Google takes another startup out of the AI race
The Verge
·
3m ago
Medial
Google has acquired the AI leadership team from Character.AI, including its co-founders Noam Shazeer and Daniel De Freitas, who initially left Google due to its bureaucracy. The team will join Google DeepMind, influencing Google's AI endeavors. Although no shares change hands, Google's deal values Character.AI at $2.5 billion, compensating investors and employees accordingly. This move exemplifies Big Tech's strategy to consolidate the AI industry. Character.AI's future remains uncertain for its 140 other employees.
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Tech evolution: Did Apple blink or think different in the race for AI
Livemint
·
2m ago
Medial
Apple, predominantly a consumer hardware and services company, faces scrutiny in the AI race as competitors like Microsoft and Nvidia excel with AI innovations. Despite lacking its own generative AI models, which pushes Apple’s market value below these AI leaders, its core strengths might help it navigate this technological wave. While rivals integrate AI deeply into their products, Apple's future in AI remains uncertain, amid its historical reputation for innovation.
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Big Tech's AI data centers are driving up electricity bills for everyone - The Economic Times
Economic Times
·
15d ago
Medial
Big Tech's AI-driven data centers are consuming significant electricity, leading to power industry tensions over who covers grid upgrade costs. These centers, essential for processing AI workloads, have driven up electricity demand, contributing to rising residential electricity bills. The challenge centers on allocating costs fairly without burdening residents. Technology companies, now major energy players, are influencing electricity pricing policies, creating debates with utilities and regulators to determine who pays for infrastructure upgrades.
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Business software company Alteryx explores sale
Economic Times
·
1y ago
Medial
Fierce competition from big rivals such as Microsoft Corp and Oracle Corp, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target.
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Apple needs its big AI moment
Business Insider
·
1y ago
Medial
Apple's upcoming Worldwide Developers Conference (WWDC) in June is highly anticipated, but the lack of a big generative AI announcement so far is noticeable. Other tech giants like OpenAI, Microsoft, and Google have recently showcased their advancements in artificial intelligence. Apple's CEO Tim Cook mentioned "big opportunities" for generative AI, and there are speculations of potential partnerships with OpenAI and Google. Despite being late to the AI race, analysts believe Apple's strong consumer base and seamless product ecosystem could still give them an advantage. The WWDC will be crucial for Apple to address AI and retain investor interest.
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How Apple fell behind in the AI arms race
Livemint
·
1y ago
Medial
At Apple's upcoming Worldwide Developers Conference, the company is set to unveil a range of generative AI enhancements for its software products, including Siri. While Apple has been cautious and secretive in the past, its entry into the AI arms race is seen as a necessity to keep up with rivals such as Microsoft and Google. Apple aims to offer AI features that prioritize user privacy while delivering impressive capabilities in message writing, photo editing, and text summarization. The company is also exploring potential partnerships in the AI space with companies like OpenAI and Google.
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Big Tech's acquihire deals face regulatory scrutiny, outgoing EU antitrust official says - The Economic Times
Economic Times
·
29d ago
Medial
The European Union is planning stricter regulations for Big Tech's "acquihire" deals, where tech giants hire talent from startups. These practices are seen as ways to bypass antitrust rules. Outgoing EU antitrust head Olivier Guersent encourages national agencies to investigate such deals. The EU is using call-in provisions for better scrutiny. Acquihires can be seen as mergers, impacting effective competition, prompting the EU to push national regulators for proactive measures.
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Elon Musk compares the AI race to playing poker — you need to spend billions every year just to sit at the table
Business Insider
·
1y ago
Medial
Elon Musk compared the AI race to a poker game where companies need to spend billions on AI hardware to stay competitive. He mentioned that Tesla would spend over $500 million on Nvidia AI chips in 2024 and would require several billion dollars worth of hardware to keep up with rivals. Musk emphasized that being competitive in AI now requires a minimum expenditure of several billion dollars per year. Various tech giants are rushing to acquire Nvidia H100 GPUs, which are crucial for building and training language models. Musk also mentioned Tesla's plans to purchase chips from Nvidia and AMD. Additionally, Musk has expressed concerns about Tesla's AI development and the need for more control over the company.
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