Cosmose AI, an AI-driven retail analytics firm, has entered into a strategic partnership with the Near Foundation, a Swiss non-profit organization focused on the governance and development of the NEAR protocol. The undisclosed investment from the foundation has raised Cosmose AI’s valuation to $500 million. Founded in 2014, Cosmose AI specializes in using AI analytics…
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The new unit, Google Deepmind, was formed by merging the Brain team from Google Research and DeepMind, a London-based AI company Google had purchased in 2014. Google and Alphabet CEO Sundar Pichai announced the merger of two entities with the company to form a separate business unit dedicated to the development of the next generation…
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This week’s Crypto Biz explores the fast-growing AI market, MicroStrategy’s integration with Bitcoin Lightning Network, and Microsoft’s efforts to power AI development. Whether the intelligence can provide truthful answers will have to be seen, but the move would undoubtedly strengthen Musk’s business portfolio, which already includes SpaceX and Twitter, both companies sharing Musk’s curiosity about…
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Tech investor Elon Musk intends to develop an artificial intelligence (AI) platform that will be “truth-seeking” and safe for mankind. Admitting he is starting late, the billionaire nevertheless vowed to try to present a “third option” that will challenge the products of giants Microsoft and Google. Elon Musk Slams Microsoft-Funded Openai, Google Founder for AI…
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While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers.…
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A group of EU politicians called for a united front in developing AI while tech executives express concerns about its societal impacts. A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google’s CEO cautioned against releasing powerful AI tech before society has had a…
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Speaking about artificial intelligence’s potential for civilizational destruction, Musk said, “Anyone who thinks this risk is 0% is an idiot.” While tech giants across the world work on materializing the idea of having a generative artificial intelligence (AI) to aid humans in their daily lives, the risk of the nascent technology going rogue remains imminent.…
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Entrepreneur Elon Musk is preparing to launch a startup that will compete with Openai, the creator of Chatgpt, a media report unveiled. According to quoted knowledgeable sources, the owner of Twitter and Tesla is already assembling a team of developers and talking to investors. Elon Musk Reportedly Working to Establish Openai Rival, Registers X.AI Corp…
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While Musk left the board of OpenAI in 2018, the launch of the new AI startup will place Musk among other tech giants, such as Google and Microsoft, to build next-gen AI. Tech entrepreneur Elon Musk is reportedly developing plans to create an artificial intelligence (AI) startup to compete with ChatGPT-maker OpenAI, one of the…
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