• Monday • February 26, 2024

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    Wall Street Journal

    The 9-Month-Old AI Startup Challenging Silicon Valley’s Giants

    Microsoft announces partnership with Paris-based Mistral, led by 31-year-old CEO Arthur Mensch

    This time last year, Arthur Mensch was 30, still employed at a Google unit here, and artificial intelligence had just started to take off in the public consciousness as something more than science fiction.

    Since then, so-called generative AI that can converse—and possibly reason—like humans has become the most talked-about technology breakthrough in decades. And the startup Mensch left Google to launch, now all of nine months old, is valued at slightly more than $2 billion.

    Mensch’s startup, called Mistral AI, is challenging the conventional wisdom that the winners of the AI race will emerge from among the tech industry’s U.S. giants. Mensch, who founded the company with two engineering-school friends, doesn’t think enormous scale is essential—or that the U.S. will necessarily dominate.

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  • Monday • February 26, 2024

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    Industry News Source

    GoDaddy introduces generative AI tool for small businesses

    The New Tool Can Easily Generate Domain Names, Websites, Social Campaigns and More

    Domain registry service GoDaddy today (Feb. 26) has unveiled Airo, a new artificial intelligence (AI) solution geared toward small businesses, per details shared with Marketing Dive. GoDaddy Airo can generate a logo, website, email and social campaigns within minutes based on a simple description, per release details. The launch of Airo is being supported by a multichannel campaign, “Power Your Future,” that will span TV and social media. The tool is meant to jumpstart the success of small businesses, with those that use GoDaddy’s AI tools generating 28% more sales, per release details. The latest unveiling from GoDaddy sees it join a slew of others looking to cash in on recent AI hype.

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  • Tuesday • February 20, 2024

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    Axios

    NYT plans to debut new generative AI ad tool later this year

    It Plans to Make the New Tool Widely Available to Marketers in the Second Half of The Year

    “This obviously demonstrates that we believe GenAI is an enabler and can be something that is effective for our business when used responsibly,” said Joy Robins, global chief advertising officer.

    The new technology, which is being created internally at the Times, will deliver a recommendation for where an ad campaign could perform best based on its message or objectives. The tool can also be used to target niche audiences that were previously unidentifiable based on their interests, aspirations and opinions. For example, a car company looking to position itself as family-friendly might use the tool to align some of its messages with articles about technology and others to pet owners across the Times’ site and app.

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  • Friday • February 16, 2024

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    New York Times

    OpenAI Completes Deal That Values the Company at $80 Billion

    The A.I. Start-Up’s Valuation Tripled in Less Than 10 Months

    OpenAI has completed a deal that values the San Francisco artificial intelligence company at $80 billion or more, nearly tripling its valuation in less than 10 months, according to three people with knowledge of the deal.

    The company would sell existing shares in a so-called tender offer led by the venture firm Thrive Capital, the people said. The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations.

    OpenAI, which declined to comment, is now one of the world’s most valuable tech start-ups, behind ByteDance and SpaceX, according to figures from the data tracker CB Insights.

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  • Thursday • February 15, 2024

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    Business Insider

    Nvidia is now worth more than Alphabet and Amazon

    Nvidia Passed Google Owner Alphabet to Become America’s Third Most Valuable Company on Wednesday

    Nvidia is now worth more than its Big Tech rivals Alphabet and Amazon — as well as the entirety of China’s stock market. The chipmaker’s market capitalization passed Amazon’s on Tuesday and Alphabet’s on Wednesday to stand at $1.83 trillion at Wednesday’s closing bell.

    Nvidia has AI to thank for its stock surging more than 400% since the start of 2023. It holds a dominant share of the market for the graphics processing units (GPUs) that power large language models like ChatGPT, so stock pickers have long heralded it as a potential winner from the massive explosion of interest in the tech.

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  • Thursday • February 15, 2024

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    New York Times

    OpenAI Unveils A.I. That Instantly Generates Eye-Popping Videos

    The Start-Up is Sharing the New Technology, Called Sora, with a Small Group of Early Testers

    OpenAI, the company behind the ChatGPT chatbot and the still-image generator DALL-E, is among the many companies racing to improve this kind of instant video generator, including start-ups like Runway and tech giants like Google and Meta, the owner of Facebook and Instagram. The technology could speed the work of seasoned moviemakers, while replacing less experienced digital artists entirely.

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