The billions going into AI is reminiscent of crypto and means a “bunch of hype and maybe some grifting,” Google’s AI chief said — but Google reportedly might start charging for AI-powered search. And Google just hired a former OpenAI executive to boost the company’s AI efforts.
Check out those and more highlights from the week in AI news.
Google parent Alphabet might start charging for an AI-powered upgrade to its search engine, which would be the first time a core product from the company gets put behind a paywall.
Not even the (sometimes) richest man in the world is immune from the AI talent war.
OpenAI’s former head of developer relations, who left the Sam Altman-helmed startup in March, announced this week that he has joined Google.
Big Tech is swallowing up AI companies, with Apple quietly leading the pack. Meta, Microsoft, Google parent Alphabet, Amazon, Nvidia, and Apple have closed acquisitions of 88 AI and machine learning companies over the past two decades, according to PitchBook data reviewed by Quartz.
Yahoo, the former king of the internet, said Tuesday that it’s acquiring an AI news aggregation company.
AI could fundamentally change the future of bank lending — and make it a lot less risky.
Nvidia and its high-flying stock have exploded on the market over the past year, as the AI craze — and the expensive chips Nvidia sells to power AI models — brought a special sparkle to investors’ eyes.
The $2 trillion dollar company had humble beginnings. Its now-billionaire founder and CEO Jensen Huang worked as a dishwasher to make money as a teenager, and the company almost went bankrupt in its first two years.
Now Nvidia stock is up a whopping 87% so far in 2024, 223% over the last 12 months, 1,793% over the last five years. Let’s take a look at how we got here.
The billions of dollars going into AI is reminiscent of crypto hype, and it’s getting in the way of science and research, Google’s AI chief is warning.
As analysts debate whether high investments and valuations in the AI space are creating a bubble akin to the dot-com bubble of the 90s, a less than six-month-old startup is seeking a valuation in the billions.
For many, hearing the name Foxconn immediately brings to mind iPhone production. It’s true, the Taiwanese company is a major producer of Apple’s smartphones and other products. But it also makes something companies like Nvidia, Amazon, and more are in high demand of: AI-related hardware. And Big Tech companies in the U.S. would like that hardware to come from Mexico and not China, thank you very much.
Foxconn has listened to those demands, and has made major AI investments in Mexico. The world’s largest contract electronics maker has funneled $690 million into the country in the past four years, according to the Wall Street Journal. Just this February, Foxconn picked up a slice of land in the western state of Jalisco for $27 million to facilitate a major expansion of its AI server production, people familiar with the plan told the Journal.
