Report: Google’s DeepMind is withholding AI research for competitive advantage
Last year, DeepMind CEO Demis Hassabis won the Nobel Prize for chemistry (along with his colleague John M. Jumper) for his work on AlphaFold2, a groundbreaking model that’s been used by over 2 million...
OpenAI closes $40 billion fundraising round with $300 billion valuation
After closing on the largest private round of fundraising ever, OpenAI is now valued at $300 billion. The round was led by with $30 billion, and $10 billion from a group of investors. A press release...
Anthropic researchers crack open the black box of how LLMs “think”
OK, first off — LLMs don’t think. They are clever systems that use probabilistic methods to parse language by mapping tokens to underlying concepts via weighted connections. Got it? But exactly how a ...
The AI revenue race heats up: OpenAI expecting $12.7 billion this year; Anthropic cuts deal with Databricks
AI companies have been burning hundreds of billions of investors’ dollars to grow their businesses, trying to figure out the business model along the way. Just today, it was reported that OpenAI is fi...
US stocks swoon as AI trade takes a beating
A double whammy of negative AI headlines and tougher tariff talk sank stocks on Wednesday. The S&P 500 fell 1.1%, the Russell 2000 gave back 1%, and the tech-heavy Nasdaq 100 slumped 1.8%. Tech was th...
Ant Group boasts of breakthrough with new fast, cheap Chinese AI models
Ant Group, a digital payments company backed by Jack Ma, just released two new AI models: Ling-Plus and Ling-Lite. The models use a similar “mixture-of-experts” technique, like DeepSeek’s R1 models.
Goldman: Stocks set to capitalize on AI “Phase 3”
This table caught our eye. It was embedded in a comprehensive chartbook Goldman Sachs’ equity analysts published Thursday night, level-setting the situation for US equity markets amid the correction. ...
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SoundHound CEO to shorts: “Bring it.”
In a CNBC interview yesterday, CEO Keyvan Mohajer addressed rising short interest in the voice AI company’s stock after its roughly 50% tumble so far this year. Short interest, the number of shares t...
Meta used a pirated library of millions of books and papers to train its AI because they thought everybody was doing it
In January, we learned from internal communications revealed in a copyright lawsuit that the company downloaded LibGen, a massive collection of pirated, copyrighted works including millions of books ...
OpenAI’s o1-pro is the most expensive AI model in the industry
OpenAI just released the pricing for its o1-pro reasoning model, which draws on an insane amount of computing power to use multistep “reasoning” through problems to get better responses to prompts. Th...
Nvidia CEO’s speech wasn’t the “wake-up moment” investors wanted, stock falls
If this was the “Super Bowl of AI,” then is this year’s Kansas City Chiefs. Shares of the chip designer hit their highs of the day as Jensen Huang stepped onstage to deliver his keynote address at th...
Baidu gets its own “reasoning” AI model
While DeepSeek’s fast, cheap, and open-source AI models may be getting all of the world’s attention, , one of China’s largest tech companies, is competing head-to-head with the smaller startup. This w...
Nvidia is about to deliver “a wake-up moment for the tech bulls,” analysts say
CEO Jensen Huang takes the stage at 1 p.m. ET this afternoon to deliver the keynote address at the chip designer’s GTC event. The Street is looking for the unveiling of a new flagship AI chip and more...
Even after the DeepSeek and AI meltdowns, Wall Street's still sticking with its lofty Nvidia price targets
It might only be March 17, but for Nvidia investors, the year so far might have felt like a lifetime. Everything happens so much First came the DeepSeek freak-out , a violent sell-off sparked by a Chi...
Reddit thinks it’s more valuable to use its data internally than license it to Google or OpenAI
Reddit’s licensing deals with Google and OpenAI are great, but using that data for itself is even better, CEO Steve Huffman said at Deutsche Bank’s Media, Internet & Telecom Conference this week. Her...
Quit the yapping: New AI technique could cut costs 90% by saying less
A consensus is emerging in AI circles that the way forward involves models that use “chain of reasoning” to get better performance, at the expense of costlier computing resources. This process involve...
Companies probably won’t switch to DeepSeek but they do think it should make AI cheaper
After DeepSeek’s sudden arrival on the AI scene in January, it upended a lot of preexisting assumptions about AI. Namely it subverted the idea that to get better models, companies would have to spend ...
Ad-supported AI chatbots could be nearer than we thought
In a piece about how is planning on adding more conversational voice features into its latest large language model, the Financial Times noted that the social media company is “considering introducing...
Alibaba soars after releasing an AI model even more efficient than DeepSeek’s but just as capable
Alibaba surged nearly 4% premarket and is now trading up 2% after releasing a new AI reasoning model after US markets closed yesterday, QwQ-32B, which matches the capabilities of DeepSeek-R1 but uses ...
Is $20,000 a month enough for OpenAI to make money?
OpenAI is considering charging a whopping $20,000 a month for access to Ph.D.-level agents — AI that can take actions on behalf of users — according to a report from The Information . If you’re just a...