OPEN SOURCE AI
US-China AI race could face financial setbacks, mass layoffs over next three years: Report
The report highlighted, the global artificial intelligence (AI) race is increasingly becoming a contest between China's state-led approach and the US market-driven model.
Rupee among Asia's top performing currencies as AI trade cools
The Indian rupee has gained considerable strength in FY27, aided by increased foreign portfolio investor inflows. A notable decline in crude oil prices has also positively impacted the rupee's performance. Experts believe the Reserve Bank of India will manage the currency's appreciation to rebuild its foreign exchange reserves. Recent interventions in the currency market have capped further gains in the rupee.
From streaming to software, microdrama startups rewrite their growth pitch
Peak XV Partners-backed Dashverse has discontinued its consumer platform DashReels and is looking to raise $30-40 million, largely for Frameo AI, its video production software for businesses. Eloelo, which raised $80 million this week led by Hornbill Capital and NBCUniversal, is investing in Dolphin AI, its new production suite, alongside content creation and international expansion.
Meta launches Muse Ember, its most efficient AI model to handle repetitive tasks; know what it can do and here's how it works
Meta has said that Muse Ember is significantly cheaper than competitors like Haiku and Luna. Despite being designed as a lightweight execution model, Ember can process different types of information. Meta claims it supports text, images and audio. The objective is to make the AI agents faster and cheaper to operate.
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
Nvidia opens probe into CEO Jensen Huang over affair with woman suspected of spying for China
Nvidia has launched an independent probe into CEO Jensen Huang over an affair with a Chinese executive suspected by US intelligence of working for Beijing. Huang admitted to being unfaithful and apologised. The investigation will examine potential national security risks and possible exposure of company secrets.
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Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
TSM stock rallies as Nvidia reportedly turns to TSMC for advanced memory chips - can it challenge Samsung, Micron and SK Hynix?
TSM stock today: TSMC stock climbed more than 6% in early trading Friday after a report said the chipmaker is considering manufacturing advanced 3D DRAM chips at Nvidia's request. The potential move could expand TSMC's role in the AI hardware market as memory shortages increase competition among leading chipmakers.
OpenAI kicks off charm offensive to change voters' view of data centers
Stunning victories by Democrats in US midterm elections this week have been interpreted by many as Americans repudiating tech industry plans to build data centers across the country.
Sam Altman on why India is optimistic about AI, while the US is sceptical
Sam Altman, CEO of OpenAI, recently praised India's swift embrace of AI, identifying it as ChatGPT's largest market. He observed that Indian users are innovatively utilizing AI to address challenges and foster entrepreneurship. In stark contrast, Altman noted the prevalent scepticism toward AI in the United States. He also raised alarms about the dangers of unchecked AI advancement, stressing the need for diversified efforts to avoid a concentration of power.
Asian shares mostly advance following US midterms, though Kospi falls on selling of chipmakers
Asian markets experienced an upswing on Thursday, buoyed by a rebound in U.S. equities following the midterm elections. The Dow Jones leapt over 3% as political shifts occurred, leading to the loss of control for President Trump's party. Meanwhile, South Korea's Kospi mirrored struggles in the tech sector, particularly affecting AI stocks, while a drop in oil prices severely impacted energy firm shares.
OpenAI to acquire developer tools firm Pierre to expand Codex capabilities
OpenAI will acquire Pierre Computer Company, the developer of open-source coding tools, to expand its Codex platform's capabilities in building, understanding and reviewing software, as it looks to strengthen the role of AI agents across the software development process.
GPU bidding norms eased; Lenskart CEO on profitability
Happy Thursday! Govt has lowered entry barriers for GPU bidders, but pricing concerns remain. This and more in today’s ETtech Morning Dispatch.
Tencent rolls out AI model trained with limited cybersecurity data amid hacking fears
Tencent on Wednesday released Hy4, its new open-source model, that the company said was trained with limited cybersecurity data to "defensive" content to reduce the risks of the model's ability to aid cyberattacks.
From enterprises to SMBs: How Flashfox AI plans to change the hiring game
GetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Southeast Asia and the Middle East.
Meta kicks off first euro bond sale in latest test for tech sector
Meta Platforms has initiated a significant bond sale, marking its first offering of euro-denominated bonds aimed at financing its investments in AI and infrastructure development. In addition, the tech giant plans to raise $15 billion through a US dollar bond offering this week. Despite ongoing concerns about growth in the AI sector and regulatory challenges, technology companies continue to pursue funding opportunities.
Why are companies restricting AI access to employees
Goldman Sachs, Uber, JPMorgan and Nvidia are some of the global firms that have restricted their employees’ usage of AI tools
US Midterm Election 2026: Who gives ChatGPT your polling data? The answer leads to Brooklyn
A voter asks ChatGPT where to cast a ballot. The answer may begin at a county election office. A Brooklyn nonprofit helps move polling information from local officials to some of the biggest names in tech. Its role explains why two different tools can give you the same answer without checking two different sources.
OpenAI CEO Sam Altman questions why people keep so much RAM in their computers; but what happens when the internet goes down?
Altman questioned the efficiency of people keeping large amounts of DRAM in personal computers when that memory is being used only around 5% of the time. He argued that from a global resource-allocation perspective, memory could be used more efficiently in cloud data centres, where multiple users can access shared computing resources.
Vultr eyes 1 GW India capacity by 2029
Further, the company said it has hired more than 100 people in India over the past three months and plans thousands of additional hires in network engineering and operations by March. It also added that the Chennai workforce could eventually reach 5,000 as the facility becomes operational and services expand.
Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAE
ADNOC has officially partnered with OpenAI, marking a groundbreaking step for the energy sector as it becomes the first to leverage OpenAI's cutting-edge AI capabilities. This collaboration seeks to tackle significant energy challenges, as emphasized by CEO Sam Altman. OpenAI's expanding influence in the UAE continues with further agreements, demonstrating its commitment amidst ongoing geopolitical issues, highlighted by key oil executives participating in a recent conference.
Mistral AI publicly releases Large 4, targets cybersecurity users
Mistral said the released version was an upgrade from the one unveiled three weeks ago, following testing with governments and corporate users, which helped improve its performance.
Google AI avoids answering who won 2020 US presidential election, sparking debate: Here’s what we know
Google AI faced backlash for failing to accurately respond to queries about the 2020 US presidential election results. Users noticed discrepancies between responses for the 2020 and 2016 elections, which sparked concern. Critics suggested the issue implicates political intervention in AI output, while others attributed it to training errors. Google acknowledged the problem and indicated that it is working on solutions for the affected datasets.
AI’s 3-week blitz digs up 14,000 security flaws in open-source software
Google Cloud’s Mandiant team reported a similar acceleration in vulnerability discovery. In August, it said that its AI-assisted system had identified more than 100 confirmed critical vulnerabilities in two days during an investigation involving stolen corporate code repositories.
US DOJ is inquiring about Nvidia's purchase of Hugging Face
The Justice Department's recent questioning covers Nvidia's acquisitions, investments, sales practices, and whether the chip designer has exerted pressure on its customers, the two people said.
Nvidia, Meta deepen AI ties with $3 billion investment deal
In a groundbreaking partnership, Nvidia and Meta have committed to advancing the Muse AI assistant, with a substantial $3 billion investment from Nvidia to enhance functionality and reduce expenses. This AI assistant is vital to Meta's strategic vision of achieving unprecedented personal superintelligence for its users. The collaboration may also explore the implementation of Nvidia's OpenShell framework for safer software distributions.
China's DeepSeek, MiniMax win approval for AI global use, state media-affiliated entity says
In a separate social media post on Friday, the social media account, Yuyuan Tantian, said overseas internet users had also urged other Chinese open-source large language models to follow suit.
Nikhil Kamath says AI valuations show signs of a bubble: Report
Kamath said many AI companies in the United States lack a truly defensible moat, raising questions about how durable their advantages will prove. He suggested that value creation in AI will increasingly shift toward companies that own local data and context, rather than being concentrated only among the developers of large AI models.
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