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How tech giants cut corners to harvest data for AI
Economic Times
·
1y ago
Medial
OpenAI, Google, and Meta have all faced challenges with acquiring enough data to train their artificial intelligence (AI) models. They have pushed boundaries, disregarded policies, and even debated legal implications to gather more data. OpenAI transcribed over 1 million hours of YouTube videos using a speech recognition tool called Whisper, while Google also transcribed YouTube videos. Meta considered buying a publishing house to access copyrighted works. The race for data has become critical for AI development, with companies even exploring the use of synthetic data to train their models.
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Alphabet's CapitalG, Nvidia in talks to fund Vast Data at up to $30 billion valuation - The Economic Times
Economic Times
·
5d ago
Medial
Alphabet's CapitalG and Nvidia are in discussions to invest in Vast Data, potentially valuing the AI infrastructure startup at up to $30 billion. This funding round aims to raise several billion dollars, with both tech giants and private investors participating. Vast Data, known for its AI data center storage technology, has seen significant revenue growth and is a potential IPO candidate. The company collaborates with major tech partners and benefits from the AI surge in the market.
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News Portals Flag Use Of Content By AI Giants Without Consent
Inc42
·
1m ago
Medial
News publishers have expressed concerns over tech giants using their copyrighted data to train AI models without consent, viewing it as copyright infringement. Tech companies claim they need large datasets, while publishers seek a fair compensation regime for content creators. Stakeholders debate if regulations should allow text and data mining, offering content creators the choice to opt out. This issue was highlighted in a DPIIT-organized consultation amid ongoing discussions between publishers and AI firms.
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OpenAI’s secret weapon against Nvidia dependence takes shape
Arstechnica
·
5m ago
Medial
OpenAI is developing its first custom AI processor to reduce reliance on Nvidia hardware. The chip, designed by former Google designer Richard Ho and a team of engineers, will be produced by TSMC. It's focused on running AI models rather than training them and is expected to begin mass production by 2026. This move aligns with similar efforts by other tech giants to develop AI chips, aiming to cut costs and mitigate hardware shortages.
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Tech giants are set to spend $200 billion this year chasing AI
Economic Times
·
9m ago
Medial
Silicon Valley's tech giants, including Amazon, Microsoft, Meta, and Alphabet, are continuing to invest heavily in artificial intelligence (AI) despite previous criticism for the high costs without sufficient results. These companies are set to spend over $200 billion on AI-related capital expenditures this year alone. The race to secure high-end chips and build extensive data centers is driving this spending spree, with deals being made with energy providers, including reviving a nuclear plant. The tech giants aim to convince investors that these investments will lead to future profitability beyond their current business models.
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Meta to lay off 5% of workforce amid AI-driven restructuring efforts
YourStory
·
6m ago
Medial
Meta, the parent of Facebook, Instagram, and WhatsApp, plans to cut 5% of its workforce, aiming at low performers. Around 3,600 employees will be affected. CEO Mark Zuckerberg stated this move aims to enhance performance management. He also revealed plans to replace some roles with AI by 2025. Other tech giants like Salesforce are making similar moves, citing improved productivity through AI, with Salesforce also expanding its sales workforce significantly.
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Amazon shuts down Shanghai AI research lab: FT report - The Economic Times
Economic Times
·
14d ago
Medial
Amazon is closing its Shanghai AI lab amid rising US-China tensions, aligning with increased US scrutiny on American companies in China. This move is part of Amazon's global strategy to cut jobs, similar to actions by other tech giants like Microsoft and Meta, who are focusing more on artificial intelligence. The lab shutdown reflects strategic shifts in response to geopolitical challenges and broader industry trends towards AI reliance.
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Google offers 300% hike to retain employee switching to AI startup
Livemint
·
1y ago
Medial
Google once offered a 300% salary hike to an employee who was planning to switch to Perplexity AI, according to Perplexity AI's CEO Aravind Srinivas. Srinivas emphasized the extent to which tech giants are willing to retain their employees. The tech industry has recently witnessed layoffs, with Google alone cutting 32,000 roles. Last month, CEO Sundar Pichai warned of further job cuts, stating the need to make "tough choices" for new investments. In 2023, Google announced plans to cut around 12,000 jobs, approximately 6% of its workforce.
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Internet is worse than it used to be. How did we get here, and can we go back?
Economic Times
·
10m ago
Medial
The internet has changed, and not necessarily for the better. Commercial interests have taken over, leading to sensationalism and deceptive advertising. Tech giants dominate, creating filter bubbles and echo chambers. Bad actors exploit the internet, using AI to generate fake content. However, there are still some positive aspects, such as knowledge sharing and connecting with others. Privacy is a concern, and users can enact change by supporting alternative platforms. To protect ourselves, we need to be vigilant and educate others about online threats. Ultimately, we have the power to decide how much influence we give to tech giants.
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Indian AI Breakthrough: GlazeGPT's Proprietary Technology Outperforms MIT Benchmark
Startup News FYI
·
1y ago
Medial
An Indian AI developed by GlazeGPT has achieved a remarkable score of 97.04% in MIT's data analysis benchmark test, surpassing trained data analysts who scored 92.96%. This achievement is significant for Indian AI companies, outperforming even US giants. GlazeGPT's proprietary deep tech platform effectively combines LLMs, custom models, and machine learning techniques to provide a personal AI data analyst for knowledge workers, enabling better data interpretation and saving time. The achievement was made possible with the support of partners including Xpressbees, Manafa Capital, and Treedots.
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Trump announces $20 billion investment in US data centres
Economic Times
·
7m ago
Medial
US president-elect Donald Trump announced a $20 billion investment to establish data centers across the U.S., in collaboration with Emirati billionaire Hussain Sajwani, chairman of DAMAC Properties. This move aligns with the global trend of tech giants accelerating data center development for AI applications requiring substantial computing power. Microsoft, for instance, plans to invest $80 billion this fiscal year in AI capacity. McKinsey estimates that global data center spending could surpass $250 billion by 2030.
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