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Meta Discussed Buying Perplexity Before Investing in Scale
Meta held discussions with AI search startup Perplexity AI about a possible takeover. The talks with Meta, which have not previously been reported, highlight Meta CEO Mark Zuckerberg’s willingness to use deals and big hires to catch up in the AI race.
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Sam Altman Says Meta Offered $100 Million Bonuses to Recruit OpenAI Employees
Sam Altman said that Meta has offered his employees bonuses of $100 million (roughly Rs. 863 crore) to recruit them. The alleged attempts by Meta to hire OpenAI staffers are the latest signs of a frenzy to hire top engineers to develop AI models.
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Musk's xAI Burns Through $1 Billion A Month As Costs Pile Up
Elon Musk's artificial intelligence startup xAI is burning through $1 billion a month as the cost of building its advanced AI models races ahead of the limited revenues.
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Meta Invests Over $10 Million In Scale AI, Takes In CEO Alexandr Wang
Scale AI announced a major new investment by Meta late Thursday that values the startup at more than $29 billion and puts its founder to work for the tech titan.
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Meta Set to Throw Billions at Startup That Leads AI Data Market
Meta is in talks to make a multibillion-dollar investment in Scale AI. The financing may exceed $10 billion (roughly Rs. 85,533 crore) in value, making it one of the largest private company funding events of all time.
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Microsoft Is Key Holdout for OpenAI Restructuring Plan
OpenAI has walked back part of its effort to create a more conventional for-profit company. Microsoft, which has invested $13.75 billion (roughly Rs. 1,15,878 crore) in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter.
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Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
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OpenAI’s Trademark Filing Suggests Plans for AI Devices and Humanoid Robots
OpenAI might be planning to move to the hardware space and build artificial intelligence (AI) devices, including humanoid robots. The San Francisco-based AI firm filed a trademark application with the US Patent and Trademark Office (USPTO) last week and listed a large number of consumer gadgets that the company might build in the near future.
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Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
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How AI And Cloud Computing May Delay The Transition To Clean Energy
Investment bank Morgan Stanley projects the global data-centre industry will produce around 2.5 billion metric tons of carbon dioxide equivalent through the end of the decade, the equivalent of Russia's annual emissions.
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Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
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OpenAI, Google And Anthropic Are Struggling To Build More Advanced AI
The recent setbacks also raise doubts about the heavy investment in AI and the feasibility of reaching an overarching goal these companies are aggressively pursuing artificial general intelligence.
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"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
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Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
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OpenAI Fires Back At Musk Over Altruism Versus Greed Lawsuit
Musk filed a complaint in August claiming that co-founders Sam Altman and Greg Brockman manipulated him into investing in the startup, which at the start was a nonprofit organization.
-
Meta Discussed Buying Perplexity Before Investing in Scale
Meta held discussions with AI search startup Perplexity AI about a possible takeover. The talks with Meta, which have not previously been reported, highlight Meta CEO Mark Zuckerberg’s willingness to use deals and big hires to catch up in the AI race.
-
Sam Altman Says Meta Offered $100 Million Bonuses to Recruit OpenAI Employees
Sam Altman said that Meta has offered his employees bonuses of $100 million (roughly Rs. 863 crore) to recruit them. The alleged attempts by Meta to hire OpenAI staffers are the latest signs of a frenzy to hire top engineers to develop AI models.
-
Musk's xAI Burns Through $1 Billion A Month As Costs Pile Up
Elon Musk's artificial intelligence startup xAI is burning through $1 billion a month as the cost of building its advanced AI models races ahead of the limited revenues.
-
Meta Invests Over $10 Million In Scale AI, Takes In CEO Alexandr Wang
Scale AI announced a major new investment by Meta late Thursday that values the startup at more than $29 billion and puts its founder to work for the tech titan.
-
Meta Set to Throw Billions at Startup That Leads AI Data Market
Meta is in talks to make a multibillion-dollar investment in Scale AI. The financing may exceed $10 billion (roughly Rs. 85,533 crore) in value, making it one of the largest private company funding events of all time.
-
Microsoft Is Key Holdout for OpenAI Restructuring Plan
OpenAI has walked back part of its effort to create a more conventional for-profit company. Microsoft, which has invested $13.75 billion (roughly Rs. 1,15,878 crore) in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter.
-
Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
-
OpenAI’s Trademark Filing Suggests Plans for AI Devices and Humanoid Robots
OpenAI might be planning to move to the hardware space and build artificial intelligence (AI) devices, including humanoid robots. The San Francisco-based AI firm filed a trademark application with the US Patent and Trademark Office (USPTO) last week and listed a large number of consumer gadgets that the company might build in the near future.
-
Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
-
How AI And Cloud Computing May Delay The Transition To Clean Energy
Investment bank Morgan Stanley projects the global data-centre industry will produce around 2.5 billion metric tons of carbon dioxide equivalent through the end of the decade, the equivalent of Russia's annual emissions.
-
Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
-
OpenAI, Google And Anthropic Are Struggling To Build More Advanced AI
The recent setbacks also raise doubts about the heavy investment in AI and the feasibility of reaching an overarching goal these companies are aggressively pursuing artificial general intelligence.
-
"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
-
Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
-
OpenAI Fires Back At Musk Over Altruism Versus Greed Lawsuit
Musk filed a complaint in August claiming that co-founders Sam Altman and Greg Brockman manipulated him into investing in the startup, which at the start was a nonprofit organization.
