Elon Musk Launches AI Startup xAI With Team of Former Google, OpenAI Engineers

Elon Musk Launches AI Startup xAI With Team of Former Google, OpenAI Engineers

ByNews Polite

Musk in March registered a firm named X.AI Corp, incorporated in Nevada, according to a state filing.  By Reuters | Updated: 12 July 2023 22:32 IST Billionaire Elon Musk‘s xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team…

Microsoft-Activision Blizzard Restructured Deal Could Face Fresh Probe in UK

Microsoft-Activision Blizzard Restructured Deal Could Face Fresh Probe in UK

ByNews Polite

Britain’s competition regulator said on Wednesday a restructured deal between Microsoft and Activision Blizzard could satisfy its concerns, subject to a new investigation, a climbdown in its opposition to the biggest gaming deal in history.  The Competition and Markets Authority (CMA) became the first regulator to block the $69 billion…

Microsoft-Backed AI4Bharat Said to Raise Million Funding From Peak XV, Lightspeed

Microsoft-Backed AI4Bharat Said to Raise $12 Million Funding From Peak XV, Lightspeed

ByNews Polite

Researchers at AI4Bharat, a start-up backed by Microsoft, are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI‘s ChatGPT dazzled users…

Microsoft-Backed AI4Bharat Said to Raise Million Funding From Peak XV, Lightspeed

AI4Bharat Researchers Said to Raise $12 Million Funding From Peak XV, Lightspeed

ByNews Polite

Researchers at India’s AI4Bharat are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI‘s ChatGPT dazzled users with…

China Unveils Its Own Open-Source Operating System for Computers to Rival Windows, MacOS

China Unveils Its Own Open-Source Operating System for Computers to Rival Windows, MacOS

ByNews Polite

China has launched its first homegrown open-source operating system for computers, state media said on Thursday, as Beijing seeks to reduce its foreign dependence at a time of increased rivalry with the United States. The announcement of the new system came just before US Treasury Secretary Janet Yellen was due…

Microsoft-Backed AI4Bharat Said to Raise Million Funding From Peak XV, Lightspeed

Draft EU Artificial Intelligence Rules Could Hurt Europe

ByNews Polite

The proposed EU Artificial Intelligence legislation would jeopardise Europe’s competitiveness and technological sovereignty, according to an open letter signed by more than 160 executives at companies ranging from Renault to Meta. EU lawmakers agreed to a set of draft rules this month where systems like ChatGPT would have to disclose…

Apple’s Market Capitalisation Reaches Trillion as Company Explores VR Sector

Apple’s Market Capitalisation Reaches $3 Trillion as Company Explores VR Sector

ByNews Polite

Apple‘s market capitalization on Friday breached the $3 trillion (nearly Rs. 2,46,09,660 crore) mark for the first time since January last year, as investors bet on the iPhone maker’s ability to grow its revenue even as it explores new markets such as virtual reality. Shares of Apple, which is also…

Activision Blizzard to Set Up Shop in Barcelona Following EU’s Approval for Microsoft Acquisition

Activision Blizzard to Set Up Shop in Barcelona Following EU’s Approval for Microsoft Acquisition

ByNews Polite

Activision Blizzard said its studio that developed Call of Duty would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft‘s $69 billion (nearly Rs. 5,66,000 crore) acquisition of the company in May. The US company said on Wednesday its game developer Infinity…