If 2023 was the tech industry's year of the artificial intelligence chatbot, 2024 is turning out to be the year of AI plumbing. It may not sound as exciting, but tens of billions of dollars are quickly being spent on behind-the-scenes technology for the industry's AI boom. Companies from Amazon to Meta are revamping their data centers to support AI. They are investing in huge new facilities, while even places like Saudi Arabia are racing to build supercomputers to handle AI. Nearly everyone with...
Mustafa Suleyman grew up in subsidized housing in one of London's roughest areas. His father, a Syrian immigrant, drove a taxi. His mother was a nurse with the National Health Service. When the prestigious Queen Elizabeth's School accepted him at age 11, the family moved into a safer, leafier neighborhood a few miles north. There, he met 20-year-old Demis Hassabis, after becoming friends with his younger brother. Hassabis was a chess prodigy and video game designer whose parents -- one a Greek...
Microsoft and Amazon asked to comment on tie-ups, a move that paves way for formal investigationThe UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon.The Competition and Markets Authority (CMA) announced that it was examining Microsoft’s investment in the French firm Mistral and the hiring of the DeepMind co-founder Mustafa Suleyman as head of the US company’s new AI division....
In the first of PV Tech Premium’s big interviews, we speak to PVcase founder and CEO David Trainavicius about data risk in solar management.
Alpha Real Trust Limited (LON:ARTL – Get Free Report) insider William (Bill) Simpson purchased 10,000 shares of Alpha Real Trust stock in a transaction that occurred on Friday, April 19th. The shares were bought at an average price of GBX 142 ($1.75) per share, for a total transaction of £14,200 ($17,539.53). Alpha Real Trust Price […]
The more I read and write about AI, the firmer I get in my conviction that Big Tech incumbents absolutely must strangle the decentralized AI in its cradle before it wrecks everything.Take a look at this interview Ben Thompson did with OpenAI’s Sam Altman and Microsoft CTO Kevin Scott. I call your attention to this part in particular:From Microsoft’s perspective, is this going to be a funnel into new products or do you see it as an end goal in and of itself, winning search?KS: So I think you hit...
Google won search with its trove of usage data. Look for AI to be won in a similar fashion.
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Technology majors Meta, Alphabet, and Microsoft unveiled their earnings for the first quarter of 2024. Artificial intelligence (AI) continued to be a major spending area for all three companies.Let's break down the earnings reports:FinancialsGoogle: Google's parent, Alphabet, reported strong financial results for the first quarter of 2024. Profits reached $23.7 billion on revenue of $80.5 billion, with growth attributed to cloud computing, YouTube, and continued strength in online search...
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.
Heineken is the latest brand getting comfortable with generative AI chatbots. The brewer has integrated a gen AI chatbot into its cloud platform, KIM (Knowledge and Insights Management), letting Heineken's global workforce of 2,000 staffers query structured and unstructured data, including over 8,000 files of consumer information, interviews and reports, for real-time insights. Employees can ask questions such as "How do European millennials feel about non-alcoholic beers?" or "What are...
(Bloomberg) -- A disappointing earnings report from Meta Platforms Inc. has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnTesla...