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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Friday • August 30, 2024
Amazon’s new Alexa voice assistant will use Claude AI
Its Own In-House Generative AI Models Reportedly Struggled by Comparison
The improved version of Alexa that Amazon’s expected to release this year will primarily be powered by Anthropic’s Claude artificial intelligence model, according to Reuters. The publication reports that initial versions of Amazon’s smarter, subscription-based voice assistant that used the company’s own AI proved insufficient, often struggling with words and responding to user prompts.
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Wednesday • August 28, 2024
OpenAI in Talks for Funding Round Valuing It Above $100 Billion
Thrive Capital and Microsoft are Among Investors Putting Several Billion Dollars Into ChatGPT Maker
OpenAI is in talks to raise several billion dollars in a new funding round that would value the startup behind ChatGPT above $100 billion. Venture-capital firm Thrive Capital is leading the round and will invest about $1 billion, according to people familiar with the matter. Microsoft MSFT -0.63%decrease; red down pointing triangle is also expected to put in money.
The new funding round would be the biggest infusion of outside capital into OpenAI since Microsoft invested around $10 billion in January 2023. Since then, an arms race has developed in Silicon Valley to build the most advanced artificial-intelligence systems in an effort to dominate an industry many say will revolutionize the economy.
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Tuesday • August 27, 2024
Cerebras launches AI inference tool to challenge Nvidia
The Inference Portion of the AI Market is Expected to be Fast-Growing and Attractive
Cerebras Systems launched on Tuesday a tool for AI developers that allows them to access the startup’s outsized chips to run applications, offering what it says is a much cheaper option than industry-standard Nvidia (NVDA.O), opens new tab processors.
Access to Nvidia graphics processing units (GPUs) – often via a cloud computing provider – to train and deploy large artificial intelligence models used for applications such as OpenAI’s ChatGPT can be difficult to obtain and expensive to run, a process developers refer to as inference. -
Friday • August 23, 2024
ElevenLabs’ AI Reader app can now narrate text in 32 languages
The App Has Been Released Globally Following Its Initial Debut in the US, UK, and Canada
AI audio startup ElevenLabs has now made its text-to-speech Reader app available across the world, adding support for 32 different languages — including Spanish, Portuguese, French, Arabic, Mandarin, and Hindi.
The app, which is available on both iOS and Android, was first released in June in the US, UK, and Canada. It allows users to listen to PDFs, articles, newsletters, ePub files or “any other text content” according to the developer, but that support seemingly doesn’t extend to files from Kindle or Apple Books.
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Thursday • August 22, 2024
The Search Engine Wars Are Back On
Google Has Something to Worry About
In June 2000, Google announced that it had won the search wars. “Google will now provide the default search service for Yahoo!” wrote founders Sergey Brin and Larry Page with a very 2000 sign-off: “Keep on Googlin’.” Over the nearly 25 years since, that’s what everyone did, turning Google into a $2 trillion company. Google took control of the most valuable thing on the internet — the box that people ask for stuff — and guarded it.
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Thursday • August 22, 2024
Microsoft reveals Phi-3.5 — this new small AI model outperforms Gemini and GPT-4o
The Rise of the Smaller Models
Microsoft has published the latest version of its small language model Phi-3.5. This new version is a big upgrade on the previous generation, beating smaller models from leading players like Google, OpenAI, Mistral, and Meta on several important metrics.
Phi-3.5 comes in 3.8 billion, 4.15 billion, and 41.9 billion parameter versions. All three are available to download for free and can be run using a local tool like Ollama. It performed particularly well at reasoning, only being beaten by GPT-4o-mini out of the leading small models. It also did well on math benchmarks, significantly passing Llama and Gemini.
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