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XAI Co-Founder Babuschkin Unveils New Startup for Personalized AI

Igor Babuschkin, co-founder of xAI, during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Dubbed the Woodstock festival of AI by Bank of America analysts, GTC this year is set to draw 300,000 in-person and virtual attendees for the debut of Nvidia Corp.'s B100.

Bloomberg Technology 3h ago

Musk's xAI accused of illegally firing engineer who raised safety concerns

Musk's xAI accused of illegally firing engineer who raised safety concerns June 10 : A former engineer at Elon Musk's xAI who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to humanity. Devin Kim claims in the lawsuit filed in California state court on Tuesday that his efforts to place guardrails on the development of the chatbot Grok made him a target for company...

Channel News Asia 7h ago

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire Andrew Zinin Lead Editor SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The...

Phys.org 6d ago

Mathematicians say 'don't believe hype' on AI capabilities

Mathematicians say 'don't believe hype' on AI capabilities Andrew Zinin Lead Editor Dozens of mathematicians signed a declaration Tuesday calling for the discipline to resist beating the drum for artificial intelligence developers. The "Leiden Declaration," backed by over 150 professors from across the world including Europe, Japan and the US, warned governments especially not to "believe the hype" about systems' math abilities. Their intervention follows claims of increasing capability from...

Phys.org 8d ago

Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts

Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts NEW YORK, June 9 : Short sellers beware: Elon Musk's SpaceX IPO may be too hot to handle. On the face of it, the company is a natural target for short sellers - investors who sell borrowed shares to profit from a future slide in prices. With an estimated price-to-revenue multiple of 56, eye-popping even for the fastest-growing companies, and concerns about governance, it makes for a logical short bet.

Channel News Asia 1d ago

The DOGE Boys Get VC Funding to Support Their Latest Enterprise

Former members of the so-called Department of Government Efficiency (DOGE) have launched a startup to, they say, bring “DOGE for the private sector.” Their holding company, called Special, has backing from billionaire Marc Andreessen’s venture capital firm a16z and several other former DOGE members. In a post on a16z’s Substack, Nate Cavanaugh and Justin Fox, who led DOGE’s efforts at several government agencies, write that their startup will build “an operating system to transform critical...

Wired 5d ago

The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Euronews 2d ago

Microsoft’s AI chief says superintelligence is near, but won’t take your job

Today I’m talking with Mustafa Suleyman, the CEO of Microsoft AI. And I’m actually going to keep today’s intro short — I’m working from my wife’s family farm this week, as you’ll see in the video, but also this is a real burner of an episode. We covered everything from Mustafa’s approach to training new models to his criticisms of Anthropic talking about Claude as though it is conscious.

The Verge 2d ago

Bill Gates warns Microsoft, Amazon, Google on data center push

Bill Gates does not usually line up with the protestors. So when the Microsoft co-founder went on CNBC and told the AI industry it has no permission to push up household power bills, the message carried weight the protestors themselves cannot deliver. The frenzy is real, he said.

Times of India 19h ago

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations - Bookmark Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations. From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to...

The Independent World 6d ago