US companies are investing heavily in computers, data centers, and other infrastructure to fuel the AI boom. According to Joseph Politano, investment in fixed assets has increased rapidly to meet the growing demand for computing power. Hundreds of billions of dollars are being poured into high-end computers, data centers, power plants and more. In the …
Generative AI startups are receiving 40% of all venture capital investments in the cloud sector. According to Accel’s Euroscape report, venture funding for cloud startups in the US, Europe, and Israel is projected to rise to $79.2 billion. Ryan Browne reports for CNBC that funding for the cloud industry increased by 27% year-over-year – the …
U.S. defense and security agencies have spent $700 million on AI projects since ChatGPT’s launch. According to a Fortune analysis by Kali Hays, the Department of Defense (DOD) and the Department of Homeland Security (DHS) have contracted hundreds of companies to develop and test AI algorithms and tools. The DOD awarded roughly $670 million to …
A new study from Apple reveals that large language models (LLMs) don’t reason logically but rely on pattern recognition. This finding, published by six AI researchers at Apple, challenges the common understanding of LLMs. The researchers discovered that even small changes, such as swapping names, can alter the models’ results by about 10%. Gary Marcus, …
The market for Nvidia’s H100 GPUs has gone from a shortage last year to a glut in 2024. According to Eugene Cheah, rental prices for the powerful GPUs have dropped from $8 per hour to less than $2. Cheah attributes this to a number of factors. For example, more companies are relying on fine-tuning existing …
Newer, larger versions of AI chatbots are more likely to give false answers rather than admit ignorance. This is the finding of a study by José Hernández-Orallo and colleagues published in the journal Nature. The researchers looked at three major language models: GPT, LLaMA and BLOOM. They found that while the accuracy of responses increases …
Generative AI seems to be spreading faster than previous technological innovations such as the PC or the Internet. A study by the Federal Reserve Bank of St. Louis, Vanderbilt University, and Harvard Kennedy School shows that 39.4% of Americans between the ages of 18 and 64 are already using generative AI, 28% of them in …
Large technology companies are investing billions in the development of artificial intelligence. As Bloomberg reports, even AI startups with hundreds of millions of dollars in funding can barely keep up. Companies like Meta, Google, and Microsoft, as well as a few startups like OpenAI, are spending huge sums on computing power, training data, and talent. …
Chatbot Arena, a benchmarking tool for AI models, has become very popular in the tech industry. As Kyle Wiggers reports on TechCrunch, companies like OpenAI and Google use the platform to test the performance of their chatbots. Millions of people visited the LMSYS website last year. However, experts are critical of the validity of the …
Despite numerous AI integrations into applications such as Salesforce or Adobe Photoshop, significant sales have apparently not yet materialized, Bloomberg reports. Many companies are still unsure about appropriate pricing models. Meanwhile, hardware and cloud vendors are benefiting a lot more from the AI boom.