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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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Tuesday • June 25, 2024
Cash-strapped Stability AI raises $80 mln with new CEO and board
Stability AI Said on Tuesday it Has Raised Funds and Appointed Industry Veteran Prem Akkaraju as its Top Boss
New CEO Akkaraju, former chief of visual effects company Weta Digital, has also invested in the company, which makes an artificial intelligence image-generation tool that rivals those made by Google and OpenAI.
Stability AI, which has also released AI models to generate audio and video using text prompts, named former Facebook President Sean Parker as executive board chairman of its board. Greycroft cofounder Dana Settle, General Partner of Coatue Management Colin Bryant and Akkaraju were also added to Stability AI’s board.The firm has raised about $80 million in funding, according to a person familiar with the matter, from a group of investors including Coatue Management, Lightspeed Venture Partners and former Google CEO Eric Schmidt.
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Friday • June 7, 2024
ByteDance plans $2.1 bln investment in Malaysia for AI, minister says
ByteDance Will Also Expand its Data Centre Facilities in Malaysia’s Johor State
“This additional investment by ByteDance will undoubtedly help Malaysia achieve its target of growing the digital economy to 22.6% of Malaysia’s gross domestic product by 2025,” Tengku Zafrul said in a post on X. The announcement follows similar large investments in Malaysia by other tech giants in recent months. Last month, Google said it was planning a $2 billion investment to develop its first data centre and Google Cloud region in Malaysia, while Microsoft said it will invest $2.2 billion to expand cloud and AI services.
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Friday • May 17, 2024
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
It Will Also Launch a Preview of New Cobalt 100 Custom Processors at the Conference
Microsoft’s clusters of Advanced Micro Devices’ flagship MI300X AI chips will be sold through its Azure cloud computing service. They will give its customers an alternative to Nvidia’s (NVDA.O), opens new tab H100 family of powerful graphics processing units (GPUs) which dominate the data center chip market for AI but can be hard to obtain due to high demand.
To build AI models or run applications, companies typically must string together – or cluster – multiple GPUs because the data and computation will not fit on a single processor. AMD, which expects $4 billion in AI chip revenue this year, has said the chips are powerful enough to train and run large AI models. As well as Nvidia’s top-shelf AI chips, Microsoft’s cloud computing unit sells access to its own in-house AI chips called Maia.
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Wednesday • May 15, 2024
Netflix to take on Google and Amazon by building its own ad server
The Announcement Signifies a Significant Shake-Up in the Streaming Giant’s Advertising Approach
Netflix announced during its Upfronts presentation on Wednesday that it’s launching its own advertising technology platform only a year and a half after entering the ads business. This move pits it against other industry heavyweights with ad servers, like Google, Amazon and Comcast.
The company originally partnered with Microsoft to develop its ad tech, letting Netflix enter the ad space quickly and catch up with rivals like Hulu, which has had its own ad server for over a decade. With the launch of its in-house ad tech, Netflix is poised to take full control of its advertising future. This strategic move will empower the company to create targeted and personalized ad experiences that resonate with its massive user base of 270 million subscribers.
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Monday • May 6, 2024
Apple Is Developing AI Chips for Data Centers, Seeking Edge in Arms Race
The Company is Leaning On Its Long History of Chip Development in the Effort, Code-Named Project ACDC
Apple AAPL 1.99%increase; green up pointing triangle has been working on its own chip designed to run artificial-intelligence software in data-center servers, a move that has the potential to give the company an advantage in the AI arms race.
Over the past decade, Apple has emerged as a leading player designing chips for iPhones, iPads, Apple Watch and Mac computers. The server project, which is internally code-named Project ACDC—for Apple Chips in Data Center—will bring this talent to bear for the company’s servers, according to people familiar with the matter.
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Thursday • May 2, 2024
Oracle Looks to AI and Microsoft Partnership to Lift Cloud Business
The Tech Company Hopes an AI Update to its Flagship Database Software and the Recent Expansion of its Microsoft Collaboration Will Boost Cloud Sales
Oracle said it is adding artificial-intelligence features to its flagship database software, a move aimed at boosting its sales pitch for its cloud-computing platform.
Using Oracle’s Database 23ai service, businesses can search their private data by asking questions in plain English rather than writing specialized code. Developers also can use the generative AI search-and-answer capability with other applications that are stored in Oracle’s database in the cloud, the company said Thursday.
For Oracle, whose cloud platform remains a nascent offering compared with Amazon’s and Microsoft’s, more usage of its database software with the new AI services can turn into increased usage of its cloud.
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