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Microsoft: Microsoft readies new AI model to compete with Google, OpenAI: report

The new model, internally referred to as MAI-1, is being overseen by recently hired Mustafa Suleyman, the Google DeepMind co-founder and former CEO of AI startup Inflection, the report said, citing two Microsoft employees with knowledge of the effort. ....

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Meta's Q1 Earnings: Most Analysts Support Its AI Strategy, While One Says 'Use Meta As A Source Of Funds,' Questions Its Long-Term Value - Meta Platforms (NASDAQ:META)

Meta Platforms reported Q1 2024 earnings. Analysts have mixed views, with some optimistic about Meta's focus on AI and the Metaverse, while others recommend selling the stock. Wedbush favors Google, while Needham suggests using Meta as a source of funds. ....

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Apple hires former Google data center AI exec to lead multi-cloud effort

Apple hires former Google data center AI exec to lead multi-cloud effort
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IBM to develop AI models for Spanish, other languages, for Spain

The Spanish government has signed a deal with US computer giant IBM Corp for the New York-based firm to develop foundational models of artificial intelligence (AI) for not only Spanish but for co-official langugages, such as Catalan, Basque, Galician, and Valencian. In addition, the two parties inked a Memorandum of Understanding or MoU to promote their collaboration in AI and AI supercomputing, advance the development and practical deployment of open, ethical and responsible generative AI in Sp ....

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AI the new obsession for venture capital investing

After the earthquake of ChatGPT's phenomenal success a year ago, Silicon Valley investors have gone into overdrive with artificial intelligence, looking for the newest blockbuster idea in an ocean of hype and overpromising.Stung by the struggles of cryptocurrency and other faded Silicon Valley fads of recent years, venture capitalists have quickly doubled down on AI, a new promised land in the never-ending quest for big tech riches. ....

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