Apple Intelligence rival secures $10M to develop open-source alternative

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AI, Events

𝙿𝙸𝙽 𝙰𝙸, 𝚋𝚊𝚌𝚔𝚎𝚍 𝚋𝚢 𝚊𝟷𝟼𝚣, 𝚍𝚎𝚟𝚎𝚕𝚘𝚙𝚜 𝚊 𝚙𝚛𝚒𝚟𝚊𝚌𝚢-𝚏𝚘𝚌𝚞𝚜𝚎𝚍, 𝚘𝚙𝚎𝚗-𝚜𝚘𝚞𝚛𝚌𝚎 𝚊𝚕𝚝𝚎𝚛𝚗𝚊𝚝𝚒𝚟𝚎 𝚝𝚘 𝙰𝚙𝚙𝚕𝚎’𝚜 𝙰𝙸, 𝚞𝚝𝚒𝚕𝚒𝚣𝚒𝚗𝚐 𝚋𝚕𝚘𝚌𝚔𝚌𝚑𝚊𝚒𝚗 𝚝𝚘 𝚎𝚖𝚙𝚘𝚠𝚎𝚛 𝚞𝚜𝚎𝚛𝚜 𝚒𝚗 𝚖𝚘𝚗𝚎𝚝𝚒𝚣𝚒𝚗𝚐 𝚝𝚑𝚎𝚒𝚛 𝚙𝚎𝚛𝚜𝚘𝚗𝚊𝚕 𝚍𝚊𝚝𝚊. PIN AI, an artificial intelligence infrastructure company, has secured $10 million in pre-seed funding and joined the Fall 2024 cohort of the a16z Crypto Startup Accelerator (a16z CSX). According to a press […]

Exclusive: OpenAI co-founder Sutskever’s new safety-focused AI startup SSI raises $1 billion

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AI, Events

Safe Superintelligence (SSI), newly co-founded by OpenAI’s former chief scientist Ilya Sutskever, has raised $1 billion in cash to help develop safe artificial intelligence systems that far surpass human capabilities. SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent. It will focus on building a […]

Nvidia Suffers Record $279 Billion Rout as AI Worry Sinks Stocks

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AI, Events

Four weeks after US stocks buckled amid a global flight from risk assets, chipmakers touched off another bout of equities selling when a pair of industry analysts rekindled worries that the mania surrounding artificial intelligence had gone too far. Nvidia Corp. shares tumbled 9.5%, wiping out $278.9 billion in the biggest loss of value ever […]