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The 9-month-old AI startup challenging Silicon Valley’s giants

Livemint

Livemint · 1y ago

The 9-month-old AI startup challenging Silicon Valley’s giants

Arthur Mensch, the co-founder and CEO of Mistral AI, is challenging the idea that the winners in the AI race will come from US tech giants. His startup, valued at over $2 billion, aims to outmaneuver Silicon Valley titans by finding more efficient ways to build and deploy AI systems. Mistral plans to release a new AI model called Mistral Large, which costs less than $22 million to train, compared to the millions spent by companies like OpenAI. Mistral has attracted interest from corporate clients, including Microsoft, and has partnerships with companies like Salesforce and Nvidia.

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OpenAI enters Silicon Valley’s hot new business: War

Livemint

Livemint · 7m ago

OpenAI enters Silicon Valley’s hot new business: War

OpenAI, the world's most valuable AI company, has partnered with defense-tech startup Anduril Industries to incorporate its technology into counterdrone systems used by the U.S. military. This collaboration represents OpenAI's deepest involvement with the Defense Department and its first partnership with a commercial weapons maker. Although OpenAI still prohibits the use of its technology in offensive weapons, it has made deals for cybersecurity work and other projects with the military. The move reflects Silicon Valley's changing stance towards closer ties with the national security complex, with other tech companies also pursuing similar partnerships to bolster national security against countries like China.

Has a new China-based AI model beaten Silicon Valley’s LLMs?

Economic Times

Economic Times · 1y ago

Has a new China-based AI model beaten Silicon Valley’s LLMs?

China-based AI startup 01.AI has achieved unicorn status with a valuation of $1 billion in less than eight months since its inception. The company has released its new large language model (LLM), Yi-34B, which outperforms Silicon Valley models on key metrics. Trained on 34 billion parameters, Yi-34B is an open-source model available to developers in Chinese and English. The model ranked first among pre-trained base LLMs, surpassing models from Meta and others. 01.AI aims to provide a superior alternative not only for the Chinese market but globally. The company plans to release more models in the future and expand its offerings to languages beyond Chinese and English.

Why everyone is freaking out about DeepSeek

The Verge

The Verge · 1m ago

Why everyone is freaking out about DeepSeek

DeepSeek, a Chinese AI startup, has disrupted the tech industry by unveiling two advanced AI models, raising doubts about the perceived financial barriers to AI development. Markedly cheaper than American counterparts, the models prompted a massive market reaction, causing significant value losses for companies like Nvidia and Tesla. DeepSeek's innovations showcase the potential for smaller startups to compete with tech giants, challenging existing investment paradigms and suggesting a more competitive AI landscape.

AI chip startup FuriosaAI rejects Meta’s $800 million offer

Economic Times

Economic Times · 3m ago

AI chip startup FuriosaAI rejects Meta’s $800 million offer

Korean startup FuriosaAI declined an $800 million acquisition offer from Meta, opting for independent growth. The decision impacts investor DSC Investment's shares, which fell after initial takeover rumors. FuriosaAI, led by June Paik, focuses on AI chips challenging Nvidia's market hold. Meta seeks to advance its AI infrastructure in competition with tech giants. FuriosaAI plans a funding round and future IPO, providing chip samples to clients like LG AI Research and Saudi Aramco.

SoftBank to take Indian startup founders to Silicon Valley for AI tour

Financial Express

Financial Express · 1y ago

SoftBank to take Indian startup founders to Silicon Valley for AI tour

SoftBank intends to organize a trip to Silicon Valley next month for a delegation of Indian startup founders, focusing on AI. SoftBank has holdings in Indian startups such as Swiggy, Ola, and OYO. According to Sumer Juneja, a SoftBank executive, the aim is to avoid investing in companies that overlook the AI trend and become obsolete in a few years.

Silicon Valley’s Next Mission: Help the U.S. Catch China and Russia in Hypersonic Weapons

Livemint

Livemint · 1y ago

Silicon Valley’s Next Mission: Help the U.S. Catch China and Russia in Hypersonic Weapons

Venture capitalists in Silicon Valley are investing hundreds of millions of dollars into the development of hypersonic weapons technology. The U.S. military has lagged behind China and Russia in the development of hypersonic missiles, leading to increased interest from Silicon Valley in filling this gap. Startups in the sector are pitching their expertise and private capital to lower costs for the Defense Department. Venture capitalists have invested over $500 million into U.S. hypersonic startups in the past two years. However, the commercial tech sector faces challenges in dealing with the complexities of the defense industry.

Elon Musk’s latest dust-up: What does ‘science’ even mean?

Livemint

Livemint · 1y ago

Elon Musk’s latest dust-up: What does ‘science’ even mean?

Elon Musk and the AI chief at Meta Platforms, Yann LeCun, engaged in a heated Twitter debate over differing views on the meaning of "science." Musk celebrated raising funds for his AI startup xAI, to which LeCun criticized Musk's claims and conspiracy theories. The exchange highlighted the ongoing tension between researchers and entrepreneurs in Silicon Valley. LeCun defended the importance of publishing research, while Musk emphasized the need for practical application. The debate reflects the battle for AI talent and the race among tech giants to lead in the AI field.

Sam Altman faces backlash as old video resurfaces amid DeepSeek’s rise

Economic Times

Economic Times · 5m ago

Sam Altman faces backlash as old video resurfaces amid DeepSeek’s rise

OpenAI founder Sam Altman faces backlash over an old video where he deemed building a competitive AI model on a $10 million budget as hopeless. Recorded in June 2023, Altman's remarks are now scrutinized amid the rise of Chinese AI startup DeepSeek, which has gained attention with cost-efficient technology. DeepSeek's chatbot leads as the top-rated free app on Apple's US App Store, challenging Altman's notion. Tech Mahindra’s former CEO publicly accepted this competitive challenge.

Tech giants are set to spend $200 billion this year chasing AI

Economic Times

Economic Times · 8m ago

Tech giants are set to spend $200 billion this year chasing AI

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.

Netflix offers $1 million for key role in AI | Mint

Livemint

Livemint · 5m ago

Netflix offers $1 million for key role in AI | Mint

Netflix is entering the AI sector, reportedly offering up to $1 million to lead a team for AI foundational models. This follows heightened competition in AI, with models like DeepSeek challenging giants like OpenAI's ChatGPT. Despite the trend, Netflix co-CEO Ted Sarandos expressed doubt about AI replacing human creativity, emphasizing faith in human skills over AI-generated content. The AI race continues as companies vie to create efficient, cost-effective AI solutions.

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