Speaking at a Cisco event, Solomon said drafting the pre-IPO papers for a company used to take a six-person team and two weeks to create, but AI can do this in mere minutes, he said, and with 95% accuracy. He said, as quoted by a report by Financial Times, the last 5% "now matters because the rest is now a commodity".
Open sourcing allows Chinese companies to demonstrate their technological capabilities, build developer communities and spread influence globally at a time when the US has sought to stymie China's tech progress with export restrictions on advanced semiconductors. Rednote's model, called dots.llm1, is available for download on developer platform Hugging Face. A company technical paper describing it was uploaded on Friday.
The $10 billion figure excludes licensing revenue from OpenAI-backer Microsoft and large one-time deals. This topline print means OpenAI is on track to achieve its revenue target of $12.7 billion in 2025, which it had shared with investors earlier.
At its annual Worldwide Developers Conference, the company also said it would open up the underlying technology it uses for Apple Intelligence to developers.
Netflix, Spotify, Apple, and Amazon are challenging Canada's Online Streaming Act in court. These companies dispute the CRTC's authority to regulate streaming services. They argue the mandated contributions to Canadian content are unfair. Broadcasters say online platforms should also fund local content. The court's decision will impact digital regulation and funding for Canadian news.
Getty Images and Stability AI are in court. The case is about copyright. Getty says Stability AI used its images without permission. This was to train its AI system. Stability AI denies any wrongdoing. The case could change AI law. It may affect how AI is developed in the UK. Other lawsuits about AI training are also happening.
Bolivia declined Starlink, raising concerns about dominance. The nation relies on its Chinese satellite for internet. Bolivians face slow internet speeds, hindering education and disaster response. Starlink faces global roadblocks amid sovereignty worries. Bolivia explores alternatives like China's SpaceSail. Lawmakers reconsider Starlink amid growing pressure. Some Bolivians resort to smuggled routers for connectivity.
Demis Hassabis, CEO of Google DeepMind, has revealed that his team is building an AI-powered email system to ease the burden of daily digital communication. Designed to read, sort and respond to emails in the user's writing style, this tool aims to save time and reduce missed messages. Speaking at SXSW London, Hassabis described the feature as essential and urgent, even as he pursues larger ambitions in artificial general intelligence. He believes AGI could be just a decade away.
Meta Platforms is reportedly in discussions to invest over $10 billion in Scale AI, a data labeling startup already backed by Nvidia and Amazon. Scale AI, valued at approximately $14 billion, offers a platform for AI researchers across numerous cities. The terms of the potential deal are still subject to change.
In a prior conversation with Meta CEO Mark Zuckerberg earlier this year, Nadella had revealed that AI already writes 20–30% of Microsoft’s code across some projects. “I’d say maybe 20–30% of the code that is inside of our repos today… is probably all written by software,” Nadella said at the time.
OpenAI is partnering with IndiaAI Mission to launch OpenAI Academy in India. This initiative aims to boost AI skills across the nation. The collaboration will provide educational resources and API credits. It will also train teachers and conduct hackathons. Ashwini Vaishnaw highlighted the importance of AI accessibility. Jason Kwon sees India as a growing AI powerhouse.
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