NYTIMES (Meaghan Tobin) - Chinese Start-Up Moonshot Details New A.I. Model
Moonshot said some users will have to get licenses to access its Kimi K3 model as the company threads a needle between sharing and profiting from its technology’s popularity.
NYTIMES (Eli Tan and Mike Isaac) - Meta in Talks to Lease Computing Power to Anthropic in Potential $10 Billion Deal
A deal would underline how scarce computing power is for artificial intelligence development, and could create a new business for Meta.
AXIOS (Madison Mills) - Startup bets that investors want to trade compute like a commodity
Ornn, an Andreessen Horowitz-backed startup, raised a $33 million seed round to build a marketplace for trading the computing power that underpins today's AI boom, similar to what exists for oil traders. Why it matters: Investors increasingly want to trade compute like a commodity, betting it could make the historically expensive AI buildout more sustainable and efficient. Catch up quick: Commodity markets let companies use futures contracts to lock in prices for volatile raw materials. - Think airlines locking in jet fuel prices or manufacturers hedging metals prices, which helps them reduce the risk of price fluctuations. - But AI companies don't have an equivalent market for compute, a problem the 20-something founders of Ornn and a…
NYTIMES (Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly and Brian O’Keefe) - Can SpaceX Defy A.I. Gravity?
Elon Musk’s rockets-and-artificial-intelligence company is going public as questions grow over the incredible spending spree taking place in the sector.
NYTIMES (Kate Conger) - SpaceX Has $30 Billion Deal to Provide Google With A.I. Computing Power
Elon Musk’s rocket company said Google would pay it $920 million a month, as it prepared for its initial public offering.
AXIOS (Madison Mills) - OpenAI co-founder Andrej Karpathy joins Anthropic
Andrej Karpathy, one of the best-known AI researchers in the world and a founding member of OpenAI , announced Tuesday that he's joining rival AI lab Anthropic . Why it matters: The hire is a major coup for Anthropic in the high-stakes competition for elite AI talent — and another sign the company is emerging as a magnet for some of the industry's most respected technical minds. Driving the news: Karpathy will start this week on Anthropic's pre-training team, which is responsible for the massive training runs that give Claude its core knowledge and capabilities, according to Anthropic. - Karpathy will help launch a new team focused on using Claude itself to accelerate pretraining research — an increasingly important frontier as AI…
NYTIMES (Natallie Rocha) - Anthropic’s C.E.O. Says It Could Grow by 80 Times This Year
The chief executive, Dario Amodei, said the rapid growth had exponentially increased the start-up’s need for more computing power.
NYTIMES (Maureen Farrell) - Big Banks Seeking a Piece of SpaceX’s I.P.O. Must
Mr. Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.
AXIOS (Amy Harder) - Nvidia's race to outpace physics
Nvidia's chips are improving at such a staggering pace that it defies any historical comparison. Why it matters: Without these gains — which are drawing increased attention as AI transforms society — physics would slam the brakes on the data center boom. Driving the news: Nvidia CEO Jensen Huang said Monday he expects the company to reap "at least" $1 trillion in revenue for its newest chips through 2027. - It posted record sales and earnings last month , fueled by skyrocketing orders from Big Tech data center companies. By the numbers: Nvidia has historically dominated the market. But its cumulative share has dropped from 100% in the first quarter of 2022 to 65% in the fourth quarter of last year, according to the research and…
NYTIMES (Tripp Mickle) - Nvidia’s Quarterly Profit Hits $43 Billion on Strong A.I. Chips Sales
Total profit for the fiscal year was $120 billion, the company said. Three years ago, it was just $4.4 billion.