On January 3, Intel announced its
latest ambitious plan to establish an
independent company dedicated to generative AI.
On January 3, Intel announced its
latest ambitious plan to establish an
independent company dedicated to generative AI.
Quartz reports that the new enterprise firm,
named Articul8 AI, will be formed in partnership with
digital-focused asset manager DigitalBridge Group.
Quartz reports that the new enterprise firm,
named Articul8 AI, will be formed in partnership with
digital-focused asset manager DigitalBridge Group.
The financial details of the arrangement have
not been disclosed, including the valuation of
the deal or Intel's stake in the resulting venture.
Articul8 AI will reportedly operate with
an independent board of directors,
with Intel participating as a shareholder.
Former Intel Vice President
Arun Subramaniyan was
named Articul8's new CEO.
.
We’ve been really trying to address
the biggest gap in generative AI
today, which is that building a proof
of concept is easy, but getting
things into production and doing
it safely and in a cost sustainable
way is really what is missing, Arun Subramaniyan, Former Intel vice president, via Reuters.
We’ve been really trying to address
the biggest gap in generative AI
today, which is that building a proof
of concept is easy, but getting
things into production and doing
it safely and in a cost sustainable
way is really what is missing, Arun Subramaniyan, Former Intel vice president, via Reuters.
Quartz reports that the news comes after the California-
based tech company announced plans to take on chip
maker Nvidia amid an escalating global chip market race.
Quartz reports that the news comes after the California-
based tech company announced plans to take on chip
maker Nvidia amid an escalating global chip market race.
Quartz reports that the news comes after the California-
based tech company announced plans to take on chip
maker Nvidia amid an escalating global chip market race.
The announcement of Articul8 makes Intel a
challenger to a range of companies that include
ChatGPT maker OpenAI, Google and Stability AI.
.
With its deep AI and high performance computing domain knowledge and enterprise-grade GenAI deployments, Articul8 is well positioned to deliver tangible business outcomes for Intel and our broader ecosystem of customers, Pat Gelsinger, Intel CEO, via Quartz.
Quartz reports that Articul8 is the product
of research on enterprise AI conducted by
Intel and Boston Consulting Group (BCG).
.
Intel says the Articul8 platform is currently ready for use
by enterprise customers in aerospace, financial services,
semiconductor production and telecommunications
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production.
On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing facilities in Arizona, 'The Hill' reports. .
The Biden administration will
provide up to $6.6 billion in funding
via the CHIPS and Science Act.
The president said that the money
will “support the construction of
leading-edge semiconductor manufacturing facilities right here in the United States.” .
Funding would also go toward
training local workforces at the new facilities.
A year and a half ago, I toured
the site of TSMC’s first new
fab in Phoenix, Arizona, President Joe Biden, via statement.
TSMC’s renewed commitment
to the United States, and its
investment in Arizona.., President Joe Biden, via statement.
... represent a broader story for
semiconductor manufacturing that’s
made in America and with the strong
support of America’s leading technology firms
to build the products we rely on every day, President Joe Biden, via statement.
America's ability to produce its own microchips remains a key area of concern for Biden.
The CHIPS and Science Act, which was passed
with bipartisan support in 2022, is intended to
make the U.S. less dependent on foreign suppliers.
The White House has also made
agreements with Intel, GlobalFoundries
and Bae Systems, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Intel’s Chip-Making Unit , Posts $7 Billion Operating Loss.
On April 2, Intel disclosed that its chip manufacturing unit endured "$7 billion in operating losses for 2023," Reuters reports.
The year before, the unit had
operating losses of $5.2 billion.
Revenue for 2023 was $18.9 billion,
a 31% decline from the prior year.
Intel shares dropped 4.3% after the disclosure.
Chief Executive Pat Gelsinger
told investors that this year would be the worst for Intel's chipmaking business.
Gelsinger expects the company "to break even on
an operating basis by about 2027," Reuters reports. .
He also said that the foundry business was affected by bad decisions such as not utilizing extreme ultraviolent (EUV) machines a year ago. .
Intel has since adopted the use of
EUV tools which will increase production.
In the post EUV era, we see that we're
very competitive now on price,
performance (and) back to leadership, Chief Executive Pat Gelsinger, via Reuters.
And in the pre-EUV era we carried a lot
of costs and (were) uncompetitive, Chief Executive Pat Gelsinger, via Reuters
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
OpenAI and Microsoft Make Plans , for $100 Billion Data Center.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
The project, which could cost $100 billion or more, is reportedly set to launch in 2028.
The tentative cost is roughly 100 times
more expensive than some of the
biggest data centers that exist today. .
Demand for AI data centers has increased due to
the rapid advancement of generative artificial intelligence technology, Reuters reports. .
This is because traditional data
centers aren't as capable of handling
the advanced tasks that AI requires. .
Several supercomputers
would be built across five phases.
"Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched
in the fourth phase, tentatively around 2026.
Microsoft and OpenAI are reportedly
in the third phase currently.
We are always planning for
the next generation of infrastructure
innovations needed to continue
pushing the frontier of AI capability, Microsoft spokesperson, to Reuters .
The cost for the next two phases largely revolves around acquiring expensive AI chips.
In March, Nvidia CEO Jensen Huang said
that the newest "Blackwell" B200 AI chip
will cost between $30,000 and $40,000
Credit: Wibbitz Top Stories Duration: 01:31Published
Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List.
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
According to the Hurun Research Institute's
global rich list, India's financial capital
registered 92 billionaires in 2024. .
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
According to the report, there are a total
of 3,279 billionaires globally in 2024,
an increase of 5% compared to 2023. .
NBC reports that China as a whole still has the
most billionaires overall with 814 in 2024, but
the country lost 155 billionaires compared to 2023. .
China had a bad year.
Wealth creation in China has gone
through deep changes these last few
years, with the wealth of billionaires
from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
According to the report, artificial intelligence
played a significant role in increasing the
number of ultra wealthy people in the U.S. .
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
... the billionaires behind Microsoft,
Google, Amazon, Oracle and Meta
have seen significant surges in
their wealth as investors bet
on the value generated by AI, Hurun Research Institute's global rich list report, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
NVIDIA Sued , Over AI Copyright Infringement.
Authors have sued NVIDIA over NeMo, the company's AI language model that helps to create and train chatbots, Engadget reports.
Authors have sued NVIDIA over NeMo, the company's AI language model that helps to create and train chatbots, Engadget reports.
According to authors Abdi Nazemian,
Brian Keene and Stewart O'Nan, their
books were illegally used to train the AI.
They are seeking a jury trial and want NIVIDIA to pay damages and destroy the dataset that powers NeMo's large language models.
According to the authors, the Books3
dataset copied Bibliotek, a shadow library containing 196,640 pirated books.
In sum, NVIDIA has admitted
training its NeMo Megatron models
on a copy of The Pile dataset. , Via lawsuit against NVIDIA.
Therefore, NVIDIA necessarily also
trained its NeMo Megatron models
on a copy of Books3, because
Books3 is part of The Pile. , Via lawsuit against NVIDIA.
Certain books written by Plaintiffs
are part of Books3— including
the Infringed Works—, Via lawsuit against NVIDIA.
... and thus NVIDIA necessarily trained
its NeMo Megatron models on one or
more copies of the Infringed Works,
thereby directly infringing the
copyrights of the Plaintiffs, Via lawsuit against NVIDIA.
NVIDIA responded to the suit, telling 'The Wall Street Journal,' "we respect the rights of all content creators and believe we created NeMo in full compliance with copyright law.".
OpenAI and Microsoft were hit
with a similar lawsuit last year.
Credit: Wibbitz Top Stories Duration: 01:31Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
EU to Check Whether , Microsoft’s Investment in OpenAI , Falls Under Merger Rules.
On January 9, the European Union announced
an investigation to determine if Microsoft's
massive investment in..
Credit: Wibbitz Top Stories Duration: 01:31Published
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