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Anthropic Snags Another $1B From Amazon; OpenAI Joins Data Center Push

Crunchbase News

Anthropic, a ChatGPT rival with its AI assistant Claude, is reportedly taking in a fresh $1 billion investment from previous investor Google. Billions of dollars have been earmarked to build out new data centers for AI initiatives. In October 2023, Google invested $2 billion in the OpenAI rival.

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Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO

Saudi Arabia has announced a 100 billion USD initiative aimed at establishing itself as a major player in artificial intelligence, data analytics, and advanced technology. These include data center expansion, tech startups, workforce development, and partnerships with leading technology firms.

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Gartner: 13 AI insights for enterprise IT

CIO

Artificial intelligence is an early stage technology and the hype around it is palpable, but IT leaders need to take many challenges into consideration before making major commitments for their enterprises. Massively pretrained foundation models, such as LLMs, are at the core of the GenAI wave.

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What to expect from AI in the enterprise in 2025

CIO

This is particularly true with enterprise deployments as the capabilities of existing models, coupled with the complexities of many business workflows, led to slower progress than many expected. But this isnt intelligence in any human sense. billion, after students switched to ChatGPT free help for homework, rather than pay $19.95

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Cost, security, and flexibility: the business case for open source gen AI

CIO

Weve evaluated all the major open source large language models and have found that Mistral is the best for our use case once its up-trained, he says. Another consideration is the size of the LLM, which could impact inference time. For example, he says, Metas Llama is very large, which impacts inference time.

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AI and automation will play an increasing role in technology

CIO

It is clear that artificial intelligence, machine learning, and automation have been growing exponentially in use—across almost everything from smart consumer devices to robotics to cybersecurity to semiconductors. Going forward, we’ll see an expansion of artificial intelligence in creating.

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The 10 Biggest Rounds Of October: OpenAI’s Massive Deal Dwarfs All Others

Crunchbase News

OpenAI , $6.6B, artificial intelligence: OpenAI announced its long-awaited raise of $6.6 The new round makes the ChatGPT creator one of the most valuable private companies in the world and also included investment from the likes of Altimeter Capital , Fidelity , Khosla Ventures , Microsoft , Nvidia , SoftBank and Abu Dhabi-based MGX.

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