Advanced Micro Devices reported that revenue in its second quarter was $5.36 billion, down 18% from a year earlier as the client PC market continues to climb back during the economic downturn.
But investors took the report as good news, as AI-related stocks such as AMD, which makes the processors and graphics processing units (GPUs) used in AI machines, are riding on high demand for AI. In…
Advanced Micro Devices CEO Lisa Su said she foresees the PC market to grow seasonally in the second half of the year with better inventory levels across the supply chain.
The big chip maker executed well in the second quarter, launching multiple leadership products…
Neon, a serverless PostgreSQL database company, announced it has successfully raised $46 million in a series B round of funding.
This brings the company’s total funding raised to $104 million. Neon launched its service in 2022. The new funding round was led by Menlo…
McKinsey and Company is no stranger to generative artificial intelligence (gen AI): around half of the global consulting giant’s employees were said to be using the technology as of earlier this summer.
But it’s not the only org to see a rapid uptake of gen AI. Indeed, a new annual report by McKinsey’s AI arm QuantumBlack finds that “use of gen AI is already widespread.”
McKinsey reached…
Dell Technologies is looking to help customers navigate the generative AI landscape with a new portfolio of solutions announced Monday.
The new Dell Generative AI solutions portfolio expands on an initial announcement the company made in May under the name Project Helix…
In recent years, large diffusion models such as DALL-E 2 and Stable Diffusion have gained recognition for their capacity to generate high-quality, photorealistic images and their ability to perform various image synthesis and editing tasks.
But concerns are arising about…
Google’s DeepMind has announced Robotics Transformer 2 (RT-2), a first-of-its-kind vision-language-action (VLA) model that can enable robots to perform novel tasks without specific training.
Just like how language models learn general ideas and concepts from web-scale data, RT-2 uses text and images from the web to understand different real-world concepts and translate that knowledge into…
The more integrated AI, automation and threat intelligence are across tech stacks and SecOps teams, the stronger they make an enterprise against breaches. Follow-on benefits include greater cyber-resilience, and spending less on data breaches than enterprises with no AI or…
Looking for OpenAI skills? Upwork wants to help
August 1, 2023
Ever since OpenAI’s ChatGPT dramatically entered the AI scene in November 2022, there has been an explosion of interest and demand in AI skills — and particularly OpenAI skills. A new partnership announced today (July 31) between OpenAI and Upwork aims to help meet the…
In an increasingly connected world of autonomous vehicles and edge devices, armed forces around the world are seeking to improve the coordination and performance of complex systems. To this end, the U.S. Air Force has signed a contract with tech contractor Qylur Intelligent Systems for an AI-based “Collaborative Autonomous System” that would help maintain the data layer and performance of…
