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Adobe, IBM, Nvidia and five other companies have joined the initiative, unveiled in July, aimed at preventing the misuse of AI’s capabilities for harmful purposes. Go to Source
Meta is reportedly in the process of building a new, more powerful and open-source AI model to rival the most powerful systems of its rival OpenAI. Go to Source
The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent about whether the requirements were only imposed on specific countries. Go to Source
U.S. regulators have told AI chip maker Nvidia and its rival AMD to curb exports of high-level semiconductor chips used to develop AI to certain Middle Eastern countries. Go to Source
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining. Go to Source
The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI. Go to Source
Nvidia, the current market leader for semiconductor chips, revealed its latest chip designed to run large-scale AI systems and is expected to cut costs of LLMs. Go to Source
The AI chip developing company Tenstorrent just closed a funding round worth $100 million which was led by manufacturing giants Samsung and Hyundai. Go to Source Powered by WPeMatico
Officials in the U.S. are considering restricting the level of computing power on chips to lessen the flow of AI chips available in the Chinese market. Go to Source Powered by WPeMatico
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines. Go to Source Powered by WPeMatico
