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18 Dec 2024

Asian Hedge Funds Bet on Chinese Tech Giants Leading AI Innovation in 2025

Despite US export restrictions, some Asian hedge funds are investing in Chinese tech companies like Xiaomi and Baidu, anticipating their AI innovations will lead the market in 2025. These firms are developing AI products for China's vast domestic market, with lower valuations compared to US counterparts.

3 Sources

Microsoft Leads AI Race with Massive Nvidia Chip Acquisition

Microsoft has purchased 485,000 of Nvidia's Hopper chips in 2024, more than doubling its nearest competitors' orders. This aggressive move positions Microsoft at the forefront of AI infrastructure development, outpacing tech giants like Meta, Amazon, and Google.

7 Sources

SK hynix Unveils PS1012 U.2: A 61TB SSD Powerhouse for AI Data Centers

SK hynix has developed the PS1012 U.2, a high-capacity 61TB SSD designed for AI data centers, featuring PCIe Gen5 technology and plans for future 122TB and 244TB models.

3 Sources

iOS 18.2 Integrates ChatGPT: Enhancing iPhone's AI Capabilities

Apple's iOS 18.2 update introduces ChatGPT integration with Apple Intelligence, significantly expanding AI capabilities on compatible iPhones. This integration enhances Siri, Writing Tools, and Visual Intelligence, offering users advanced AI-powered features for various tasks.

4 Sources

OpenAI Holds Off on Sora API Amid High Demand and Competitive Pressure

OpenAI announces no immediate plans for a Sora API, citing capacity issues and overwhelming demand. This decision puts them at a potential disadvantage against competitors like Google and AWS who are moving forward with their own video generation APIs.

3 Sources

Elon Musk's Grok-2 AI: Fast, Free, and Controversial

Elon Musk's xAI releases Grok-2, a faster and supposedly more accurate AI model, but it faces criticism for inaccuracies, privacy concerns, and weak ethical safeguards.

3 Sources

Smart Glasses Market Booms: AI Integration Drives Innovation and Accessibility

The global smart glasses market is experiencing rapid growth, with AI integration enhancing functionality and accessibility. Companies like Xiao-I are leveraging this trend to develop innovative solutions for various sectors, including healthcare and government services.

2 Sources

Hostaway Secures $365 Million to Expand AI-Driven Short-Term Rental Management Platform

Hostaway, a leading property management system for short-term rentals, has raised $365 million to enhance its AI-powered tools and expand globally, capitalizing on the post-pandemic travel boom.

2 Sources

Google Tests AI-Powered Search Suggestions in iOS App

Google is experimenting with an AI feature in its iOS app that generates contextual suggestions to refine search queries, potentially streamlining the search process for users.

2 Sources

Will Wright's Proxi: The AI Life Sim That Blurs Reality and Memory

Will Wright, creator of The Sims, unveils Proxi, an ambitious AI-driven life simulation game that uses players' real memories to create personalized digital worlds.

5 Sources

Advancements in AI for Healthcare: Reinforcement Learning and Graph Neural Networks Show Promise

Researchers from Weill Cornell Medicine and Rockefeller University introduce new AI tools for healthcare, including a benchmark for reinforcement learning and an adaptation of convolutional neural networks for graph data, potentially revolutionizing personalized patient care.

3 Sources

BullFrog AI Appoints Josh Blacher as New CFO Following Predecessor's Passing

BullFrog AI, a technology-enabled drug development company using AI and machine learning, has appointed Josh Blacher as its new Chief Financial Officer following the untimely passing of former CFO Dane Saglio.

2 Sources

Salesforce to Hire 2,000 New Salespeople for AI Products Amid Agentforce 2.0 Launch

Salesforce CEO Marc Benioff announces plans to hire 2,000 new salespeople to sell AI products, doubling previous estimates. This comes as the company prepares to launch Agentforce 2.0, its next-generation AI platform, in February 2025.

9 Sources

U.S. Congress to Vote on Expanded Restrictions for Investments in Chinese Technology Sectors

The U.S. Congress is set to vote on legislation that would expand restrictions on American investments in Chinese technology sectors, particularly in AI and other critical technologies, as part of a broader government funding bill.

5 Sources

OpenAI's Massive Funding Needs: The High Cost of AI Innovation

OpenAI's escalating expenses and funding requirements highlight the enormous costs associated with developing advanced AI systems, potentially leading to changes in the company's structure and raising questions about the sustainability of AI development.

2 Sources

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