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The AI startup Inflection closed a $1.3 billion funding round in 2023, but just a year later its main investor Microsoft has taken on some of its key employees. In a blog post published by Microsoft yesterday (Mar. 19) the CEO Satya Nadella shares a message to its employees: “I want to share an exciting and important organizational update today. We are in Year 2 of the AI platform shift and must ensure we have the capability and capacity to boldly innovate… “In that context, I’m very excited to announce that Mustafa Suleyman and Karén Simonyan are joining Microsoft to form a new organization called Microsoft AI, focused on advancing Co...... Read Full article on HadNews

OpenAI: Who is REALLY in charge? – Company Forensics OpenAI, the company behind chat GPT, has become synonymous with artificial intelligence in today’s world. But is OpenAI truly making AI beneficial to humanity? The recent firing of Sam Altman, the key person and face of the company, has brought attention to the power dynamics within OpenAI. The roots of OpenAI go back to 2015, when a group of AI enthusiasts came together to create an organization dedicated to making AI beneficial to humanity. The company was structured as a nonprofit charity, with the goal of sharing research and patents with the public. However, as time went on, the...... Read Full article on HadNews

SoftBank Group’s Masayoshi Son is making the next move in his far-reaching artificial intelligence (AI) strategy, fundraising $100 billion for a new chip venture. The Softbank founder has long since been clear about the company’s focus on AI, with SoftBank chief financial officer Yoshimitus Goto also telling the Wall Street Journal that the company was “getting ready to go on the offensive with the AI revolution on the horizon” last year. Now, a new AI chip venture appears to be the next link in the chain. Reportedly dubbed the codename of Izanagi, the new venture would see Softbank collaborate with Arm, the chip design company that So...... Read Full article on HadNews

Starship Technologies, the autonomous robot delivery services provider, has secured a fresh round of funding to power the next phase of its development. Led by Plural and Iconical, the funding round raised $90 million for the San Francisco-based company, taking its total funding to the figure of $230m since its inception in 2014. Starship was founded by Ahti Heinla in Tallinn, Estonia, alongside Danish entrepreneur Janus Friis – the latter was the founder of Skype where the pair worked together. Initially, their formidable robot machines were built for explorations on Mars but a change of tack resulted in the launch of Starship Technol...... Read Full article on HadNews

With several investors handing sizable checks to startups to profit from what has attracted Silicon Valley’s attention in the past year — the race to create more and better AI has been escalating. Today, the billionaire entrepreneur Elon Musk‘s “artificial intelligence start-up xAI is in talks to raise up to $6 billion.” The start-up is seeking money from wealthy holding funds in the Middle East and has held discussions with family offices in Hong Kong, according to a story opens new tab that cited several people with knowledge of the situation. For the newest fundraising effort, Musk has also reached out to investors in South Korea an...... Read Full article on HadNews