About
NetChoice is a trade association fighting for free speech and free enterprise online. This page is a new education project of NetChoice’s.
The goal of our Tech Competition webpage is to show how the abundance of competition in the tech industry benefits consumers through new exciting services, and market signals pushing businesses to constantly innovate and improve their offerings to their customers. We’ll keep this page updated frequently with news and facts that highlight the prevalence and impact of vigorous competition in U.S. tech markets.
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Posts
Tech Competition is Helping Americans. Here's How.
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Thursday • January 9, 2025
Nvidia unveils next-gen AI and industrial digitalization capabilities at Microsoft Ignite
Nvidia Blackwell Empowers Next-Gen AI on Microsoft Azure
At the recent Microsoft Ignite conference, Nvidia and Microsoft unveiled innovations that will power the next wave of generative AI from cloud to PCs and fuel a new era of industrial AI.
These announcements span across the full-stack including next-gen AI infrastructure powered by Nvidia Blackwell, new Omniverse workflows for digital twins and visual generative AI, and tools to enable Windows developers to build and optimize AI-powered apps on RTX AI PCs.
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Tuesday • January 7, 2025
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
Amazon-Backed OpenAI Rival Was Valued at $18 Billion Last Year
Anthropic is in advanced talks to raise $2 billion in a deal that would value it at $60 billion, more than triple its valuation from a year ago. The funding round is being led by the venture firm Lightspeed Venture Partners, people familiar with the matter said. The $60 billion valuation includes the money Anthropic plans to raise in the round.
The deal would make Anthropic the fifth-most valuable U.S. startup after SpaceX, OpenAI, Stripe and Databricks, according to data provider CB Insights. It was valued last year at $18 billion in a round led by Menlo Ventures.
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Saturday • January 4, 2025
Elon Musk’s xAI Raises $6 Billion in New Funding
“A lot of compute is needed,” Mr. Musk Said in a Post About the Financing
The artificial intelligence company founded by Elon Musk, xAI, said on Monday that it had raised $6 billion, giving the start-up a major lift as it competes with rivals, including OpenAI. The company said on its website that it would use the money to continue building its infrastructure and accelerate research and development. BlackRock, Fidelity, Sequoia Capital and others participated in the funding round. The fund-raising could value xAI at $35 billion to $40 billion, up from $24 billion earlier this year, The New York Times previously reported.
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Friday • January 3, 2025
Microsoft to spend $80 billion in FY’25 on data centers for AI
Microsoft and OpenAI Were Reportedly in Talks Regarding the Construction of a Data Center Facility
Microsoft has earmarked $80 billion in fiscal 2025 to build data centers designed to handle artificial intelligence workloads, according to a company blog post.
Specifically, the tech giant plans to build out AI-enabled data centers “to train AI models and deploy AI and cloud-based applications around the world.” Of that $80 billion allocation, more than half will be spent in the United States, according to Microsoft Vice Chair and President Brad Smith. The tech giant’s 2025 fiscal year ends in June.
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Monday • December 16, 2024
ChatGPT’s AI search engine is rolling out to everyone
OpenAI Has Also Made Some Improvements to ChatGPT Search on Mobile
ChatGPT’s AI search engine is rolling out to all users starting today. OpenAI announced the news as part of its newest 12 days of ship-mas livestream, while also revealing an “optimized” version of the feature on mobile and the ability to search with advanced voice mode.
ChatGPT’s search engine first rolled out to paid subscribers in October. It will now be available at the free tier, though you have to have an account and be logged in.
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Thursday • December 12, 2024
Twelve Labs is Building AI That Can Analyze and Search Through Videos
Users Can Search Through Videos for Specific Moments, Summarize Clips, or Ask Questions
AI models that understand videos as well as text can unlock powerful new applications. At least, that’s what Jae Lee, the co-founder of Twelve Labs, believes. Granted, Lee’s a little biased. Twelve Labs trains video-analyzing models for a range of use cases. But there may just be something to his assertion.
Using Twelve Labs’ models, users can search through videos for specific moments, summarize clips, or ask questions like “When did the person in the red shirt enter the restaurant?” It’s a powerful set of capabilities — which is perhaps why the company has attracted big-name backers, including Nvidia, Samsung, and Intel.
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