SOKET LABS AI MODELS
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.
AMD forecasts quarterly revenue above estimates as data-center growth accelerates
The company, which nearly doubled its data-center revenue in the third quarter, is benefiting as a shift in AI workloads toward running models in real-world applications drives demand for its graphics processing units and central processors. This has enabled AMD to capture market share from rival Intel, which last week forecast quarterly revenue well below estimates and triggered a global selloff in chip stocks.
AMD forecasts fourth-quarter revenue above estimates on strong AI chip demand
Advanced Micro Devices estimates its fourth-quarter revenue will hit about $17 billion, driven primarily by robust demand for AI chips. Although the company's forecast for adjusted gross margin stands at 55%, it falls slightly short of analyst expectations. A remarkable 97% year-on-year increase in data-centre revenue showcases AMD's growth. However, the company currently faces challenges in sourcing high-bandwidth memory, essential for its AI processors.
Cert-In gets Mythos access, being careful with testing: Officials
Government agencies cannot download the AI’s source code or weights for running on their own, completely isolated or ‘air-gapped’ systems. Instead, to use Mythos, they must send their proprietary data, code, or network blueprints over the internet to Anthropic’s cloud servers.
Soket Labs, ZenteiQ launch indigenous foundation models under IndiaAI Mission
Soket Labs and ZenteiQ introduced new artificial intelligence foundation models under the IndiaAI Mission initiative. These models include EKA-1, Dhir 2B, and Dhir 5B, which were unveiled during a launch event. The event featured key government officials, including MeitY Secretary S Krishnan. This launch is part of the government's efforts to enhance India's indigenous AI capabilities. Such initiatives aim to support the growth of foundational AI technologies within the country.
Chip startup Agrani Labs looks to raise $108 million from Peak XV, Google, Samsung
Peak XV Partners is leading the round and is expected to contribute more than half of the total funding. Google, HCL Tech, Samsung Ventures and Stargazer, an investment firm set up by Groww's founders, are also expected to participate, the people cited above said.
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Fridge hacks and finance attacks flag AI insecurity
The growing use of AI in cyberattacks could pose a major threat to the global economy, financial markets and critical infrastructure, according to a Reuters commentary by Mike Dolan.
Meta halts new business terms after backlash over data scraping and AI use
Meta has postponed the rollout of new terms affecting its business accounts due to significant backlash. Critics claimed these changes could lead to unauthorized data scraping and unfair competition against news publishers. A Norwegian court granted an injunction on the terms, highlighting concerns over Meta's market dominance. The U.K. competition authority has also initiated an investigation into these new business conditions.
Anthropic revenue up 12x in Q3, commits $895 billion spending
Anthropic has reported a remarkable twelve-fold increase in quarterly revenue, reaching nearly $17 billion. The company plans to invest over $895 billion in future computing infrastructure and costs. Despite substantial revenue growth, Anthropic faces a $23.3 billion net loss in the last quarter due to rising expenses. Additionally, AI pricing pressures have impacted revenue growth, resulting in lower earnings.
Deep use cases vault India to ChatGPT’s top global market: OpenAI's India MD
During a visit to India last year, the ChatGPT maker’s cofounder Sam Altman said that India was the fastest growing market for the frontier lab and was already the second largest in terms of users globally. Market estimates had earlier put the India user base at 100 million.
AI on the clock as fintechs demand payoff for spends
September-quarter earnings calls of Paytm, Pine Labs, Groww, PB Fintech, Kissht and Mobikwik reveal a shift across payments, stockbroking, lending and insurance. AI is moving beyond chatbots and experiments into decisions affecting the cost of acquiring, serving and retaining customers.
Innefu Labs’ AI platform uncovers suspected Rs 5,700 crore GST fraud network
According to Innefu Labs, Prophecy Eagle I identified several patterns, including the alleged reuse of the same facial identity across multiple business registrations in different geographical regions within a month.
China's robot makers have mastered the moves. Now comes the race for brains
The shift is fuelling an investment boom in embodied AI, a field focused on software that allows robots to understand their surroundings, learn unfamiliar tasks and adapt without having to be programmed for every job.
Musk and Zuckerberg officially adopt Trump’s “super intelligence” label for AI, other tech chiefs yet to follow
In a significant shift, tech giants Elon Musk and Mark Zuckerberg have embraced the term 'super intelligence' to describe AI, following a pivotal lunch with Donald Trump that resulted in a new safety standards agreement. Meanwhile, executives from Alphabet, Amazon, and Microsoft still favor the traditional AI nomenclature in their dialogues.
India’s Arrakis problem: The price of what low-skilled workers know
Indian workers contribute valuable data for training AI systems, which is transforming how tasks are automated. As technology advances, low-cost labour is becoming a significant resource for AI development globally. Companies are increasingly relying on Indian workers for video data that demonstrates various physical tasks. This trend poses challenges regarding data ownership and the economic benefits for India.
Snowflake and Databricks CEOs debate growth and AI; reactions follow
Sridhar Ramaswamy of Snowflake voiced concerns on social media questioning Databricks’ impressive 80% growth rate. He sought clarity on crucial aspects like free cash flow, obligations, and adjusted margins. In response, Databricks CEO Ali Ghodsi acknowledged their competitive dynamics while suggesting a collaborative potential. This dialogue sparked varied reactions, underscoring the complexities of financial disclosures. Ramaswamy also advocated for unified regulations on artificial intelligence across various models and entities.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
Chinese AI model carries out complex cyberattacks in controlled tests, researchers say
Chinese firm Z.AI's flagship AI model carried out complex cyberattacks in controlled simulations and repeatedly ignored instructions in separate tests, according to a report by AI security research firm Irregular.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
Exclusive | Cognizant in talks to invest in Indian AI startup Sarvam valuing it at $3.5-4 billion: sources
Cognizant’s potential investment in Sarvam comes as advances in agentic AI raise questions about the future of the IT services industry. AI agents are increasingly capable of automating tasks across software development, application maintenance and back-office operations, potentially disrupting traditional outsourcing models.
AI kids need adult eyes in the lab
Satya Nadella and Sam Altman call for a crucial reassessment of AI safety frameworks. Advanced artificial intelligence presents significant existential threats that necessitate immediate global governance. Investors are encouraged to proceed with caution, while tech creators are urged to voluntarily practice restraint for public safety. Thoughtful development of AI could facilitate societal adaptation to its transformative potential over time.
Robinhood CEO's AI startup Harmonic expands into software, chip design verification
Backed by Nvidia's venture capital arm, Sequoia and Ribbit Capital, Harmonic raised $120 million in a funding round last November that valued it at $1.45 billion.
Eye for an eye? Think AI for AI: How one startup is using AI to make AI chips more energy-efficient
Discovered Materials, a groundbreaking startup led by founders Akash Ramdas and Advaith Sridhar, is dedicated to advancing chip materials. Their innovative approach leverages AI technologies to revolutionize electricity efficiency and thermal management. Backed by $9 million in seed funding from Lightspeed India Partners, the team anticipates having cutting-edge, patent-ready materials available for chipmakers by next year, while key specifics about their advancements are kept under wraps for competitive integrity.
Ather rides to profit; Pronto's US AI play
Ather Energy swung to profit in the July-September quarter. This and more in today’s ETtech Top 5.
Cadence unveils Nvidia-backed AI models that chipmakers can run in-house
Both companies make software used to design computing chips - a process that involves arranging billions of transistors precisely to meet cost and performance targets - and are racing to have AI "agents" use those tools on behalf of human engineers to speed up the process.
Timeline: Anthropic's path from AI startup to industry-defining IPO
Anthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a total of $3.5 billion in various funding rounds leading up to its IPO. Significant investments have come from major companies including Amazon.com and Alphabet's Google. Anthropic is currently projecting revenue of approximately $190 billion to $200 billion in 2028.
Anthropic unveils its US IPO filing; puts AI ambitions, costs in spotlight
The prospectus highlights Anthropic's rapid growth over the past year, fueled by Big Tech's breakneck spending that has driven a rally in AI stocks while raising concerns about lofty valuations and rising debt.
YC-backed healthtech startup BioStack raises $9.5 million from Peak XV, DCVC, others
The Y Combinator-backed startup, which operates across India, the US, Brazil and Argentina, has access to more than 100 million de-identified patient records. It brings together fragmented clinical information, including medical scans, pathology reports, prescriptions, treatment histories and patient outcomes, to create complete patient records that can be used to train AI models.
Pronto founder Anjali Sardana sets up US-based physical AI venture Provision Labs
Anjali Sardana has launched Provision Labs, an innovative startup dedicated to collecting essential data for artificial intelligence systems. With a vision to source training data from professionals across various sectors globally, Provision Labs seeks to enhance AI developers' capabilities in effectively implementing their models. This venture emerges shortly after the introduction of Pronto's Verified service, which documents household tasks for AI training, addressing the surging need for practical AI solutions.
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