Maria Deutscher
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Google DeepMind CEO Demis Hassabis calls for creation of AI standards body
Artificial intelligence pioneer Demis Hassabis today called for the creation of a standards body focused on regulating frontier models. Hassabis, chief executive of Google DeepMind, proposed in a Substack essay that the U.S. should lead the effort. Axios reported that the executive has held talks about the initiative with the White House, European officials and ...
IBM shares plummet 25% on weak preliminary earnings
Shares of IBM Corp. plunged 25% today after it posted preliminary second-quarter earnings that missed expectations. The company estimates that it generated $17.2 billion in revenue during the three months ended June 30. Analysts polled by FactSet expected $660 million more. IBM’s adjusted earnings of $2.93 per share also fell short of the consensus estimate of ...
Meta boosts investment in Hyperion data center campus to $50B+
Meta Platforms Inc. today announced plans to significantly expand the scope of its Hyperion data center project. The Facebook parent is seeking to build a sprawling artificial intelligence hub in Richland Parish, Louisiana. When Meta first disclosed the initiative in late 2024, it stated that the project budget would exceed $10 billion. It boosted the ...
Defense technology startup Helsing raises $1.8B at $18B valuation
German defense technology startup Helsing SE today announced that it has closed a $1.8 billion Series E investment. The late-stage capital was provided by a group of 10 new and returning investors. JPMorganChase, General Catalyst, Lightspeed and Iconiq were among the participants. Helsing says it’s now valued at $18 billion. Helsing’s flagship product is an ...
Prominent economists, tech executives call for new regulatory approach to AI
A group of economists and tech industry figures has called on policymakers to address the risks posed by artificial intelligence more directly. The signatories outlined their concerns in a public letter published today. The initiative was organized by economics professors Erik Brynjolfsson, Ajay Agrawal, Anton Korinek and Tom Cunningham. More than half of the 200-plus ...
Apple sues OpenAI, former employees over alleged intellectual property theft
Apple Inc. today sued OpenAI Group PBC for allegedly stealing intellectual property related to its consumer devices. The iPhone maker filed the complaint with the U.S. District Court for the Northern District of California. OpenAI entered the consumer electronics market last year when it bought io Products Inc., a startup founded by former Apple executives. ...
EU finds that Meta breached bloc’s rules with its social network interfaces
The European Union has tentatively found that Meta Platforms Inc. breached the bloc’s DSA tech industry law. The European Commission, the EU’s executive arm, published its conclusions today. The DSA, or Digital Services Act, is a piece of legislation that went into effect in early 2024. It prohibits tech giants from using interface design tactics ...
Open-source AI model developer MiniMax raises $2B in funding
MiniMax Group Inc., a Shanghai-based artificial intelligence developer, is raising $2 billion in funding. Bloomberg reported on Thursday that more than half the funds are expected to come from the sale of newly issued shares. According to the publication, the company will raise the remaining capital by issuing convertible bonds. Those are debt instruments that ...
Autonomous ship startup Kraken raises $175M at $1B valuation
Kraken Technology Group Ltd., a British defense startup that makes autonomous ships, has raised $175 million in funding. Private equity firm DTCP led the Series B deal. It was joined by the U.K. government’s British Business Bank, the NATO Innovation Fund and more than a half-dozen others. Kraken disclosed in its announcement of the round ...
Meta launches flagship Muse Spark 1.1 model with multi-agent upgrades
Meta Platforms Inc. today launched a new flagship large language model optimized to power multi-agent automation workflows. Muse Spark 1.1 is available in the company’s Meta AI chatbot service and via an application programming interface. The Meta Model API, as it’s aptly called, will enable developers to embed the LLM in their custom software. The ...