Elon Musk said on Monday that SpaceX has acquired his artificial intelligence startup, xAI, in a record-setting deal that unifies the billionaire's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The deal, first reported last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defense contractor with a fast-growing AI developer whose costs are largely driven by chips, data centers and energy. It could also bolster SpaceX's data-center ambitions as Musk competes with rivals such as Alphabet's Google, Meta, Amazon-backed Anthropic and OpenAI in the AI sector. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right. With your current subscription plan you can comment on stories.

Amazon said on Wednesday it will pour an additional 2.75bn into Anthropic, bringing its total investment in the artificial intelligence startup to 4bn. The technology giant will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. "Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers' experiences, and look forward to what's next," said Swami Sivasubramanian, vice-president of data and AI at Amazon Web Services, or AWS, Amazon's cloud-computing subsidiary. The Seattle-based tech giant made an initial investment of 1.25bn in Anthropic in September, and indicated then it had plans to invest up to 4bn. Get set for the working day – we'll point you to all the business news and analysis you need every morning The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention.

OpenAI Chief Executive Officer Sam Altman was cleared of any wrongdoing that would have mandated being fired from the company late last year, according to a report based on a monthslong investigation into the events leading up to his brief ouster. WilmerHale, the law firm that conducted the inquiry, found that the board's decision to fire Altman was a "consequence of a breakdown in the relationship and loss of trust between the prior Board and Mr. Altman," the artificial intelligence startup said Friday. It did not arise from concerns about product safety, the pace of development, or OpenAI's finances, it said. Altman is rejoining the company's board following the findings, the artificial intelligence startup said. OpenAI's board is also adding Sue Desmond-Hellmann, who previously was head of the Bill and Melinda Gates Foundation; Nicole Seligman, an ex-Sony Entertainment executive; and Instacart CEO Fidji Simo.

The creation of artificial intelligence is the next step in the progression of technology. The prospect of self-driving vehicles and humanoid robots is no longer the stuff of science fiction, and the credit for this achievement goes entirely to the venture capitalists who are investing in AI companies in order to speed up the growth and development of these businesses. We have compiled a list of the most prominent businesses currently investing in AI startups, all of which you should be aware of. Canaan Partners Canaan is a venture capital firm that invests in entrepreneurs in the early stages of their businesses who have visionary concepts. Canaan has invested in some of the most successful technology and healthcare companies in the world over the course of the past 33 plus years, thanks to its diversified fund and more than 200 successful exits to date.

What we usually think of as Artificial Intelligence (AI) today, when we see human-like robots and holograms in our fiction, talking and acting like …

One of the single hottest trends in technology startups is Artificial Intelligence (AI). Machine Learning, Natural Language Processing, and various other nuances are being constantly applied to problems up and down the alleyways of all industries from Manufacturing, to Retail, to Education, to Drug Discovery. All the methodology building blocks you have been learning through the 1Mby1M entrepreneurship fundamentals courses apply. You can, for instance, bootstrap an AI startup with Services, then you can raise money (or not). You can build a Unicorn (or not). In addition, you will need to learn domain specific lessons from entrepreneur case studies and thought leader interviews. You will also need to listen to investor perspectives on AI ventures and new trends they have identified. Artificial Intelligence still has a lot of white space. Therefore, entrepreneurs looking for ideas to develop as new startups would do well to study the trend and the opportunities thereof. In the

Save my name, email, and website in this browser for the next time I comment.

Where you born, raised, and in what kind of background? Nitesh Chawla: I'm from New Delhi although I was born in Calcutta. I did my schooling from Delhi Public School. Then I did my engineering from Pune. Then I came to the United States in 1993 right after finishing my undergrad.

Artificial intelligence (AI) has become ubiquitous across the industry verticals. From boardroom discussion to a trending topic in news, artificial intelligence has managed to capture the attention of every tech enthusiast worldwide. With organizations cashing the benefits of its application, this tech discipline has managed to live up to its hype. While the tech war between USA, China, European Union and other prominent nations escalates, Israel too aims to lead the race. Some surveys have found that Israel ranks among the top 5 countries in the world for AI solutions.

The time you spend writing emails could be cut drastically. A college student has launched a Long Island artificial intelligence startup that writes emails automatically from a few fragmentary notes. Matt Shumer, 20, who launched Melville-based OthersideAI Inc. in July, is beta-testing the software as a Chrome browser extension for users of the Google Gmail service. Versions for Microsoft Corp.'s Outlook and other email clients are planned, said Shumer, who is the company's chief executive. OthersideAI's Quick Response software can reduce time spent on emails by 75% by learning the way "a user thinks and responds," the company said.