The latest around generative AI as a whole. Stay up-to-date about current discussions and trends, new findings, and more.
The US Department of Defense has awarded a $1.8 million contract to New York-based startup Jericho Security to develop advanced generative AI cybersecurity solutions for the Air Force. According to CEO Sage Wohns, this marks one of the first generative AI contracts in defense and a major milestone in addressing AI-based threats. Jericho Security’s approach …
AI search startup Perplexity is set to raise $500 million at a $9 billion valuation, tripling its worth from a few months ago, according to people familiar with the matter. Reported by Berber Jin for the Wall Street Journal, this would be Perplexity’s fourth funding round this year, and the company has faced criticism from …
OpenAI has acquired the domain name Chat.com for an undisclosed amount, TechCrunch reports. The domain, which was registered in 1996 and is one of the oldest on the web, now redirects to OpenAI’s AI chatbot, ChatGPT. According to a post on X-Twitter by HubSpot co-founder and CTO Dharmesh Shah, who sold the domain last year …
Nvidia has become the world’s most valuable company, surpassing Apple with a market cap of $3.43 trillion as of November 5, 2024. According to Ryan Vlastelica reporting for Bloomberg, Nvidia’s dominance reflects the immense impact of artificial intelligence on Wall Street. The chipmaker is responsible for a quarter of the S&P 500’s 21% gain this …
OpenAI, the $157 billion artificial intelligence company founded in 2015 as a nonprofit, is in preliminary discussions with the California and Delaware attorneys general to convert to a for-profit public benefit corporation. According to two people familiar with the matter, the process will likely involve regulators examining how OpenAI values its intellectual property assets, such …
Meta is making its Llama AI models available to U.S. government agencies and contractors working on defense and national security applications. According to a blog post by Meta cited by TechCrunch, the company is partnering with firms like Accenture, Amazon Web Services, and Lockheed Martin to bring Llama to these entities. The move comes after …
OpenAI CEO Sam Altman announced during a Reddit AMA on Thursday that the company likely won’t release GPT-5, its next major AI model, in 2023 due to the increasing complexity of these models. Altman cited “limitations and hard decisions” in allocating compute resources as the reason for the delay, despite “some very good releases coming …
Microsoft has revealed that its AI business is on track to surpass a $10 billion annual revenue run rate next quarter, making it the fastest business in the company’s history to reach this milestone. The company’s CEO, Satya Nadella, attributes this growth to Microsoft’s partnership with OpenAI, the creator of ChatGPT. Microsoft disclosed in its …
Meta, the parent company of Facebook and Instagram, has announced significant advancements in its artificial intelligence projects and strong financial results for the third quarter of 2024. CEO Mark Zuckerberg revealed that Meta AI, the company’s generative AI tool, has surpassed 500 million monthly users and is on track to become the most-used AI assistant …
Omnivore, a reading app startup, has been acquired by ElevenLabs, an AI audio technology company, to help develop their new ElevenReader app. According to a note from Omnivore’s founders Jackson and Hongbo, the acquisition will enable them to create more accessible reading and listening experiences on a larger platform. Omnivore users are invited to create …