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Disney’s OpenAI stake is ‘a way in’ to AI and Sora will help reach younger audience, Iger tells CNBC

Disney’s OpenAI stake is ‘a way in’ to AI and Sora will help reach younger audience, Iger tells CNBC

The Walt Disney Company’s $1 billion equity investment in OpenAI will serve as “a way in” to artificial intelligence, which will have a significant long-term impact on the business, Disney CEO Bob Iger told CNBC’s “Squawk on the Street” on Thursday. “We want to participate in what Sam is creating, what his team is creating,” Iger said.

Disney’s OpenAI stake is ‘a way in’ to AI and Sora will help reach younger audience, Iger tells CNBC Read More »

Nvidia’s new software could help trace where its AI chips end up

Nvidia’s new software could help trace where its AI chips end up

Cfoto | Future Publishing | Getty Images Nvidia is developing software that could provide location verification for its AI graphics processing units (GPUs), a move that comes as Washington ramps up efforts to prevent restricted chips from being used in countries like China. The opt-in service uses a client software agent that Nvidia chip customers

Nvidia’s new software could help trace where its AI chips end up Read More »

AI defense booms in UK and Germany as new wave of billion-dollar startups emerge

AI defense booms in UK and Germany as new wave of billion-dollar startups emerge

The U.K. and Germany are emerging as key hubs for a new wave of AI defense startups, as Europe scrambles to rearm amid rising geopolitical tensions.  Private funding for defense startups across the region has ramped up in recent years, with investors looking to tap into increasing government military budgets, driven by the ongoing Russia-Ukraine

AI defense booms in UK and Germany as new wave of billion-dollar startups emerge Read More »

Why Big Tech is doubling down on India with billions in investment

Why Big Tech is doubling down on India with billions in investment

A slogan related to Artificial Intelligence (AI) is displayed on a screen in Intel pavilion, during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.  Denis Balibouse | Reuters Big Tech is doubling down on investing billions in India, drawn by its abundance of resources for building data centers,

Why Big Tech is doubling down on India with billions in investment Read More »

Former GitLab CEO raises money for Kilo to compete in crowded AI coding market

Former GitLab CEO raises money for Kilo to compete in crowded AI coding market

Investors are betting there’s room for another startup using artificial intelligence to help software engineers write code faster. The difference with Kilo Code is it counts former GitLab CEO Sid Sijbrandij among its founders. On Wednesday, Kilo Code announced $8 million in seed funding, with backing from Breakers, Cota Capital, General Catalyst, Quiet Capital and

Former GitLab CEO raises money for Kilo to compete in crowded AI coding market Read More »

Microsoft to invest .5 billion in India’s AI infra as Big Tech queues up for the Asian market

Microsoft to invest $17.5 billion in India’s AI infra as Big Tech queues up for the Asian market

Microsoft CEO Satya Nadella appears at an event with tech CEOs and senior officials, including Indian Prime Minister Narendra Modi, in the East Room of the White House in Washington on June 22, 2023. Chris Kleponis | CNP | Bloomberg | Getty Images Microsoft on Tuesday announced it would invest $17.5 billion in India’s cloud

Microsoft to invest $17.5 billion in India’s AI infra as Big Tech queues up for the Asian market Read More »

Instacart’s AI pricing tools drive up the cost of some groceries, study finds

Instacart’s AI pricing tools drive up the cost of some groceries, study finds

FALMOUTH, MA – APRIL 8: Instacart shopper Loralyn Geggatt makes a delivery to a customer’s home during the COVID-19 pandemic in Falmouth, MA on April 7, 2020. Some Amazon, Instacart and other workers protested for better wages, hazard pay and sick time. (Photo by David L. Ryan/The Boston Globe via Getty Images) Boston Globe Grocery

Instacart’s AI pricing tools drive up the cost of some groceries, study finds Read More »

OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy

OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy

Denise Dresser, chief executive officer of Slack from Salesforce, during TechCrunch Disrupt in San Francisco, California, US, on Tuesday, Oct. 29, 2024.  David Paul Morris | Bloomberg | Getty Images OpenAI on Tuesday announced that it’s tapped Slack CEO Denise Dresser as its new chief revenue officer. Dresser will oversee the artificial intelligence startup’s global revenue

OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy Read More »

From Llamas to Avocados: Meta’s shifting AI strategy is causing internal confusion

From Llamas to Avocados: Meta’s shifting AI strategy is causing internal confusion

Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, Calif., on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg was so optimistic last year about his company’s Llama family of artificial intelligence models that he predicted they would become the

From Llamas to Avocados: Meta’s shifting AI strategy is causing internal confusion Read More »

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