As OpenAI celebrates the return of Sam Altman, its rivals are moving to up the ante in the AI race. Just after Anthropic’s release of Claude 2.1 and Adobe’s reported acquisition of Rephrase.ai, Stability AI has announced the release of Stable Video Diffusion to mark its entry into the much-sought video generation space.
Available for research purposes only, Stable Video Diffusion (SVD)…
Sam Altman back at OpenAI: The craziest five days in Silicon Valley history | The DeanBeat
November 23, 2023
OpenAI has rotated through four CEOs in five days. I think that qualifies as the craziest five days in Silicon Valley history. Now fired CEO Sam Altman is back as the CEO of OpenAI again.
When the OpenAI board first fired Sam Altman as its CEO on the Friday before…
OpenAI drama a reflection of AI’s pivotal moment
November 23, 2023
The philosophical battle between AI “accelerationists” and “doomers” has erupted into full view at OpenAI. Basically, the accelerationists advocate for rapid advancement in AI technology, emphasizing the enormous potential benefits. Conversely, the “doomers”…
Adobe reportedly acquires text-to-video AI platform Rephrase
November 23, 2023
As the five-day-long power struggle at OpenAI comes to an end with Sam Altman’s reinstatement, Adobe is moving to up its generative AI game. According to a report in the Economic Times, the content software major has circulated an internal memo announcing the acquisition of California-headquartered text-to-video company Rephrase.
While the cost of the deal remains undisclosed, the move is…
OpenAI’s announcement last night apparently resolved the saga that has beset it for the last five days: It is bringing back Sam Altman as CEO, and it has agreed on three initial board members – and more is to come.
However, as more details emerge from sources about what…
In a stunning reversal, OpenAI announced on Tuesday at 10:03 p.m. Pacific Time that Sam Altman, the former CEO who was fired from the company just five days prior, will return to his previous role. In addition, a new initial board has been introduced, signaling a major…
Nvidia reports record Q3 results driven by surging demand for AI
November 23, 2023
Nvidia reported record revenue today for its third fiscal quarter of fiscal 2024 (ending October 31, 2023), beating Wall Street’s expectations.
The graphics processing unit (GPU) and AI chip company reported record Q3 revenue of $18.2 billion, up 206% year-over-year and 34% sequentially. Nvidia’s data center segment grew 279% annually and 41% sequentially to $14.51 billion, representing 79%…
Nvidia is working with Roche Group’s Genentech to help the company pioneer the use of generative AI in drug discovery. The companies today announced a multi-year strategic collaboration that will see Genentech combine its own models and datasets with Nvidia’s AI…
Anthropic seizes the moment, unveiling Claude 2.1 as OpenAI implodes
November 22, 2023
As OpenAI, the leading artificial intelligence (AI) startup, faces an uncertain future following the surprise ouster of its CEO Sam Altman, competitor Anthropic is seizing the moment to release its own updated large language model (LLM), Claude 2.1.
The launch allows…
AI21, a company that competes with OpenAI to serve enterprise companies with generative AI systems, has chosen an opportune time to announce more funding.
While competitor OpenAI is reeling from internal chaos and revolt, and may fall apart after the majority of its employees have supported a letter calling upon that company’s board to resign, AI21 has raised $53 million more for its series C…
