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Ex-OpenAI co-founder Ilya Sutskever shocked the AI market.
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VENTURE
Ilya Is Back!
Protected Superintelligence (SSI), an AI startup co-founded by Ilya Sutskever, the previous chief scientist of OpenAI, has raised $1 billion to develop advanced and secure AI systems.
The Details:
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Funding and Valuation: SSI has raised $1 billion, with an estimated valuation of $5 billion. The funds can be used to accumulate computing resources and recruit top talent.
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Team and Focus: SSI, currently with 10 employees, will construct a highly trusted team of researchers and engineers situated in Palo Alto and Tel Aviv. The corporate emphasizes hiring individuals with exceptional abilities and integrity.
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Investment and Backers: Investors include leading enterprise capital firms similar to Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel. Moreover, the investment firm NFDG, led by Nat Friedman and SSI CEO Daniel Gross, also participated within the funding round.
Why It Matters:
This significant investment marks a serious move within the AI sector, specializing in not only surpassing human capabilities but in addition addressing critical safety concerns.
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NEW THINGS
AI to Advance Cancer Research
In recent advancements in Australia, the Peter MacCallum Cancer Centre and John Holland Group are leveraging Databricks’ AI and cloud data platforms to beat significant challenges with data fragmentation. These organizations are transforming their operational capabilities and data management practices to harness the ability of AI, enhancing every little thing from cancer research to infrastructure project management.
The Details:
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Data Consolidation at Peter Mac: The cancer centre is addressing its legacy data challenges to enhance clinical decisions and speed up research through AI.
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Unified Data Platform by John Holland: This infrastructure giant is integrating its data across multiple projects to drive change and gain competitive benefits in its sector.
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AI’s Broader Role in Cancer Research: Expanding its AI strategy, Peter Mac is now exploring recent areas similar to genomics and cancer imaging to remain on the forefront of cancer research.
Why It Matters:
The utilization of AI in these fields just isn’t only a technological upgrade; it represents a pivotal shift towards more integrated, efficient, and groundbreaking practices in sectors critical to human welfare.
QUICK HEATS
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Anthropic Unveils Claude Enterprise Plan – Anthropic launches a brand new subscription service for its AI chatbot, Claude, aimed toward enterprise customers, enhancing administrative controls and safety features.
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Zillow’s AI Upgrade – Zillow enhances its AI search to display a wider range of homes, including those beyond your budget.
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Nvidia Subpoenaed by US DoJ – The US Department of Justice has issued a subpoena to Nvidia as a part of its investigation into the chipmaker’s antitrust practices.
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Qualcomm Launches Recent AI PC Chip – Qualcomm unveils the Snapdragon X Plus 8-core processor, intensifying competition with Intel and AMD within the AI PC market.
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