Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users
Benchmark-backed Ollama has amassed 176,000 stars, and nearly 17,000 forks on GitHub by helping developers easily run AI on their PCs.
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Character.AI enters the microdrama arena with its own productions, but there’s a twist
In an interesting twist that takes advantage of the company's core product, users can chat with these shows' characters, ask them questions, and even roleplay different storylines.
Microsoft’s Brad Smith: the US is regulating AI with rules nobody can read
Microsoft president Brad Smith says the US is now regulating AI without a clear set of rules. The uncertainty, he warns, is a problem for the whole industry. He made the case to Fortune on the sidelines of the AI for Good Global Summit. “What we really have right now is regulation without transparent or […]This story continues at The Next Web
Lyzr used its own AI agent to help raise a $100mn round
A startup that builds artificial-intelligence agents for large companies has turned that software on itself, using one of its own agents to help run a $100 million fundraise. Lyzr, an enterprise AI agents firm backed by Accenture, says the agent handled much of the investor legwork for a Series B round that would value the company […]This story continues at The Next Web
Meta to put its own AI chip into production in September, aiming to double computing capacity
Meta plans to put its own artificial intelligence chip into production in September and is aiming to roughly double the computing capacity across its data centres, Reuters reported on Thursday, citing people familiar with the matter. The chip belongs to Meta’s in-house silicon line, the Meta Training and Inference Accelerator, or MTIA, which the company […]This story continues at The Next Web
SK Hynix’s Nasdaq listing draws more than seven times the shares on offer
SK Hynix’s American listing has been more than seven times oversubscribed, according to people familiar with the deal, a sign of heavy demand for one of the largest share sales Wall Street has fielded from a foreign company. The South Korean memory-chip maker was due to price its offering of American depositary receipts on Thursday, […]This story continues at The Next Web
US power firms scramble for transformers and turbines as data centres strain supply
US power companies are locked in a scramble for the heavy electrical gear that keeps the lights on, as a wave of artificial-intelligence data centres pushes demand for transformers, turbines and switchgear well beyond what factories can supply. Lead times once measured in months now run into years, and developers are fighting over the same […]This story continues at The Next Web
Nandan Nilekani leaves GP role at Fundamentum as it launches $200M third fund
Nilekani remains Fundamentum's anchor investor as the firm expands its leadership team and targets AI and fintech startups in India.
India scraps import duties on electronics and battery inputs to boost local manufacturing
India has removed import duties on a swathe of machinery and components used to make electronics, from lithium-ion battery cells to certain smartphone parts, in the latest push to lower costs for hardware built on its soil. The measure lands as the country presses to court iPhone and Samsung makers and pull more of the global electronics […]This story continues at The Next Web
France’s antitrust probe into Nvidia is nearing its end, regulator says
France’s competition regulator has signalled that its long-running inquiry into Nvidia is drawing to a close, edging the world’s most valuable chipmaker nearer to a formal reckoning over how it wields its grip on the market for artificial intelligence hardware. The company has long been tipped to face antitrust charges in France, and any decision could […]This story continues at The Next Web
Rubrik pledges more than $500m for the UK and makes London its European base
Rubrik, the US data-security company, said it will invest more than $500m in Britain over the next five years and make London its headquarters for Europe, the Middle East, and Africa. The commitment, announced on Wednesday and worth about £375m, lands as governments across the region press companies to keep sensitive information closer to home, […]This story continues at The Next Web
Quant fund Qube is hiring human stock pickers to sit beside its algorithms
Qube Research & Technologies, one of London’s largest quantitative hedge funds, is doing something that would once have looked heretical for a firm built on code: it is hiring humans to pick stocks. The move, reported by Business Insider, places the fund alongside a small group of systematic managers that have begun to blend algorithms with […]This story continues at The Next Web
Taiwan’s central bank chief urges caution on leverage as AI stock rally runs hot
Taiwan’s top central banker has urged investors to steer clear of heavy borrowing to chase the island’s surging stock market, a rally powered by global demand for the AI hardware that Taiwanese firms supply. Yang Chin-long, governor of the Central Bank of the Republic of China (Taiwan), delivered the caution on Thursday while reporting to […]This story continues at The Next Web
Truecaller clashes with India’s telecom regulator over anti-spam rules
The caller ID company says users are increasingly ignoring and blocking calls from India's dedicated business number series.
Elon Musk’s AI jobs prediction gets harsh reality check
Tesla CEO (TSLA) Elon Musk is back again, pushing one of his boldest claims about the AI boom, in which the technology might eventually make work optional. Musk first made that prediction at the U.S.-Saudi Investment Forum. Sitting alongside Nvidia CEO Jensen Huang, Musk told the crowd, “My ...
Vivian Wilson Makes Debut on ‘SmartyPants’: What to Know About Elon Musk’s Estranged Child
Warning: The following post contains discussions of homophobia and transphobia. Internet streaming service Dropout is no stranger to special celebrity guests.
Elon Musk and the age of the corporate leviathan
Like Mr Fukuyama’s work, “The End of History for Corporate Law” takes a beating every time liberal capitalism fails, as it ...
Despite ‘misgivings,’ judge approves Elon Musk’s $1.5M SEC settlement
The saga of Musk's tussle with the SEC over how he disclosed his growing stake in Twitter (now X) has come to an end.
OpenAI's most advanced AI model is breaking free — and colliding with Elon Musk's latest Grok release
OpenAI's new family of frontier models is no longer restricted and set to roll out more widely on Thursday. Enter, Elon Musk.
Elon Musk Could Get a $165 Billion Payday, But There’s Just One Problem: Traders Say It’s Never Going to Happen
SpaceX’s executive compensation filing reads unlike anything in the history of SEC paperwork. The word “Mars” appears 63 ...