AI boom

Germany's Infineon is banking on a boom in artificial intelligence (AI) to generate billions in revenue and drive future growth by selling higher price chips, CEO Jochen Hanebeck said on Friday. "Conventional servers contain power semiconductors worth between $65-80. In an AI server, it's 850 to 1,800 US dollars, depending on the architecture," he told the company's annual general meeting, according to prepared remarks. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology…

RagaAI has secured funding to develop a tool that aims to diagnose and fix flaws with artificial intelligence systems, responding to an increasing emphasis on safety and reliability during the AI boom.The startup founded by Gaurav Agarwal, an alumnus of chipmakers Nvidia Corp. and Texas Instruments Inc., has come out of stealth-mode to close a $4.7 million seed round led by pi Ventures. It was joined by firms including Anorak Ventures and TenOneTen Ventures. The Silicon Valley startup uses foundation models to detect and…

“We want you to be able to throw out your user manual,” was one of the first things Dean Miles, Amazon’s director of product for its smart vehicles, told me as we sat down to chat over Amazon’s big push to stick AI in cars at CES 2024. The idea was first billed to me as—essentially—“yo dawg, we put a chatbot in your car...” Less than a means for your car to hallucinate bad poetry at you, Amazon is trying to work with BMW to make your car the best authoritative source about your car. I would be sold if it weren’t for the…

Nvidia Corp. was once a scrappy underdog. Founded in a Silicon Valley diner, the designer of graphics chips faced death more than once before finally realising its founders’ vision of standalone semiconductors used specifically for displaying images on a screen. Having already surpassed storied titans Intel Corp. and Advanced Micro Devices Inc., the company’s market capitalisation touched $1 trillion last week. Graphics didn’t get it there, though. A bet that its approach to number-crunching would be a perfect fit for the…

‘Reskill or perish’ seems to be top of mind for Indian techies, as they rush to upskill themselves in a fast-changing tech landscape where artificial intelligence (AI) is becoming a risk to jobs even as macroeconomic factors threaten to hamper IT sector growth in the short term.IBM earlier this week said it may pause hiring and replace an estimated 7,800 jobs with AI.Learning platforms including Simplilearn, Great Learning, Emeritus, Scaler, upGrad, and Coursera said they have seen a 20%-60% jump in IT professionals…

…

Teams is not the only product into which Microsoft is implanting machine intelligence. On March 16th the software giant announced that almost all its productivity software, including Word and Excel, were getting the same treatment. Two days earlier, Alphabet, Google’s parent company, announced a similar upgrade for its productivity products, such as Gmail and Sheets. The announcements add to a spate of similar ones in the past month or so from America’s tech titans. OpenAI, the startup…

…

Five weeks ago, OpenAI, a San Francisco artificial intelligence lab, released ChatGPT, a chatbot that answers questions in clear, concise prose. The AI-powered tool immediately caused a sensation, with more than 1 million people using it to create everything from poetry to high school term papers to rewrites of Queen songs. Now OpenAI is in the midst of a new gold rush. The lab is in talks to complete a deal that would value it at around $29 billion, more than twice its valuation in 2021, two people with knowledge of the…