AMD has confirmed that it’s laying off 4% of its workforce to focus on “large growth opportunities.” It’s unclear how many workers have been impacted by the reduction — and which divisions. AMD had roughly 26,000 employees as of last year, according to the company’s annual 10-K filing. Four percent would translate to approximately 1,000. […]
AMD lays off 4% of its workforce Read More »
AI-powered search engine Perplexity says it’ll begin experimenting with ads on its platform starting this week. Ads will appear in the U.S. to start, formatted as “sponsored follow-up questions.” (E.g., “How can I use LinkedIn to enhance my job search?”) Paid media will be positioned to the side of answers, and labeled as sponsored. Brands
Perplexity brings ads to its platform Read More »
Anysphere, the company behind Cursor, has acquired AI coding assistant Supermaven for an undisclosed sum. Anysphere CEO Michael Truell announced the deal in a post on Cursor’s blog. Supermaven, he said, will enable Anysphere to launch a new version of its Tab AI model that’s “fast, context-aware, and highly intelligent,” especially at sequences of long code.
Anysphere acquires Supermaven to beef up Cursor Read More »
The media industry today may not have a very favorable view of AI — a technology that’s already been used to replace reporters with AI-written copy, while other AI companies have scooped up journalists’ work to feed their chatbots’ data demands, but without returning traffic to the publisher as search engines once did. However, one
Particle launches an AI news app to help publishers, instead of just stealing their work Read More »
Writer has raised $200 million at a $1.9 billion valuation to expand its enterprise-focused generative AI platform. The round — a Series C — was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with participation from Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Writer CEO May Habib says
Generative AI startup Writer raises $200M at a $1.9B valuation Read More »
There’s an AI chip battle brewing among the major cloud vendors. Google’s Trillium, a custom chip for training and running AI models, recently entered preview, and Microsoft’s Maia is expected to follow in short order. Not to be outdone, Amazon Web Services has AI chips, too: Trainium, Inferentia, and Graviton. In an effort to draw
Amazon attempts to lure AI researchers with $110M in grants and credits Read More »
Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI algorithms to run on commodity processors. The transaction is subject to applicable regulatory reviews and other customary closing conditions. The terms weren’t disclosed. MIT research scientist Alex Matveev and professor Nir Shavit founded Somerville, Massachusetts-based Neural Magic in
Red Hat acquires AI optimization startup Neural Magic Read More »
The Beatles have been nominated for two Grammy awards this year, and no, we did not accidentally fall into a time warp back to the 1960s. The Beatles song “Now and Then,” refined with the use of AI and released last year, is up for Record of the Year and Best Rock Performance. So, the
The Beatles’ AI-assisted track ‘Now and Then’ is nominated for two Grammy awards Read More »
Amazon is considering increasing its investment in OpenAI rival Anthropic. According to The Information, Amazon is in talks to invest multiple billions in Anthropic, its first financial pledge in the company since a $4 billion deal struck last year. The new investment is structured similar to the last one — but with a twist. Amazon
Amazon may up its investment in Anthropic — on one condition Read More »
AI startup Mistral has launched a new API for content moderation. The API, which is the same API that powers moderation in Mistral’s Le Chat chatbot platform, can be tailored to specific applications and safety standards, Mistral says. It’s powered by a fine-tuned model (Ministral 8B) trained to classify text in a range of languages,
Mistral launches a moderation API Read More »
