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The latest Artificial Intelligence news on Moneyweb.

OpenAI nears release of ‘Strawberry’ model, with reasoning capabilities

12 Sep 2024 /  Rachel Metz, Bloomberg
The experience of using OpenAI’s updated AI system will differ somewhat from what people have come to expect with ChatGPT, the company’s chatbot.

Altman-backed startup bets on heat and the sun to tackle AI’s massive carbon footprint

10 Sep 2024 /  Michelle Ma, Bloomberg
AI data centers are gobbling up huge amounts of energy, threatening to keep fossil fuel plants online and throwing a wrench in the energy transition.

Shorts are circling some of the AI boom’s biggest question marks

8 Sep 2024 /  Bailey Lipschultz, Bloomberg
'We’re separating winners and losers.'
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How software developers feel about AI reshaping their work

31 Aug 2024 /  Najmeh Hafezieh, Farjam Eshraghian
And what this tells the rest of us.

OpenAI nears funding round at more than $100bn valuation

28 Aug 2024 /  Shirin Ghaffary and Katie Roof, Bloomberg
OpenAI Chief Financial Officer Sarah Friar told employees in a memo on Wednesday that the company is seeking fresh capital, without giving details, according to people familiar with the matter.

Nvidia eyes return to record as AI spending bonanza continues

21 Aug 2024 / 
Nvidia shares were little changed on Wednesday.

US adds most power generation in 21 years as AI demand surges

20 Aug 2024 /  Tope Alake, Bloomberg
Electricity generation rose by 20.2 gigawatts between January and June, the Energy Information Agency said in a release Monday.

Hedge funds battle to turn ChatGPT from intern to analyst

18 Aug 2024 /  Justina Lee, Bloomberg
'They’re still not at the level where you can just give them a super broad task.'
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McKinsey sees AI surge boosting consulting

17 Aug 2024 /  Ambereen Choudhury, Bloomberg
Amid industry slump.

Lumen Technologies extends record rally on AI hopes

7 Aug 2024 /  Carmen Reinicke and Emily Forgash, Bloomberg
Stock closed 93% higher on Tuesday, the biggest jump on record to the highest value since February 2023.

Canva to buy AI startup in year’s second deal to catch Adobe

30 Jul 2024 /  Olivia Poh, Bloomberg
The deal, which took about a month to finalise, lets Canva integrate the smaller firm’s video and image generation models into its own products.

Nvidia releases software, services to boost rapid adoption of AI

30 Jul 2024 /  Ian King, Bloomberg
The chip company officially released what it calls NIMs, or Nvidia inference micro services, which are software packages that take care of many of the logistical issues needed to use AI for a specific purpose.

Former OpenAI researcher to launch AI education company

17 Jul 2024 /  Alicia Clanton, Bloomberg
In a post on X on Tuesday, Karpathy said he’s launching a company called Eureka Labs, which will use AI teaching assistants to support and expand course materials designed by human teachers.

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