Saudi Aramco’s $12 billion share sale last Sunday, selling 1.545 billion shares at 26.70-29 riyals each, saw immediate success, attracting keen interest from global investors. In a filing with the Saudi Exchange last week, Saudi Aramco (ARMCO), the country’s largest energy corporation, announced its intention to sell shares in the
Training AI models like Google’s Gemini Ultra, costing $191 million, and OpenAI’s GPT-4, costing $78.4 million, is becoming increasingly expensive, as shown in Stanford’s 2024 AI Index Report. Millions of dollars are needed, and the expense of training sophisticated AI models like Google’s Gemini Ultra and OpenAI’s ChatGPT is rising
Federal prosecutors announced that Epoch Times CFO Bill Guan has been charged with orchestrating a $67 million global money laundering scheme, involving prepaid debit cards, bitcoin, and stolen personal information. Federal prosecutors announced on Monday that the chief financial officer of the conservative international news organization The Epoch Times had
Helen Toner, a former board member of OpenAI, stated on “The TED AI Show” podcast that the reason why Sam Altman was suddenly fired from OpenAI was due to repeated instances of withholding information, misrepresentation, and even lying to the board. Helen Toner, a former board member of OpenAI who
Amid Boeing’s challenges, China’s Comac rises as a prominent beneficiary, positioning itself to potentially surpass the American aviation giant. To fulfill the growing domestic demand for passenger jets, the Commercial Aircraft Corporation of China, or Comac, intends to increase its manufacturing capacity. This expansion comes at the same time that
News media companies are cutting deals with AI to adapt to technological advances, despite initial resistance, as they navigate the impact of AI on publishing, seeking new revenue streams while balancing the threat to traditional journalism. Barry Diller organized his fellow media moguls a little over a year ago to
The European Union cracks down on ChatGPT as the AI model fails to meet GDPR standards, with the European Data Protection Board’s report revealing insufficient compliance and ongoing data privacy issues with OpenAI’s attempts to align ChatGPT with EU regulations. Even while the evaluation is still underway, OpenAI doesn’t seem
Google I/O unveiled significant advancements in its Gemini AI model, showcasing enhanced image and video search capabilities, deeper Workspace integration, improved conversational AI, and the introduction of innovative tools like Gems. Recently concluded Google I/O included a plethora of AI announcements. The keynote addressed Google’s Gemini AI models and how
PitchBook has ranked the top startup cities in the world, with San Francisco, New York, and Beijing topping the list. Among the essential components propelling a startup ecosystem are a vastly interconnected network of IT talent, venture capital firms, and entrepreneurs. These tech clusters are expanding globally as growth engines.
