The R&D spending on AI by American tech giants will exceed 1 trillion in 2027 3 billion per day Europe is going to get crushed The political class is IRRESPONSIBLE The political debate is PATHETIC @LesEchos
INVESTMENT
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Reliance and Meta Launch REIL Enterprise AI Joint Venture
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Building enterprise AI is a generational opportunity. This could be your moment. We are assembling the founding team at REIL. REIL is a joint venture between Reliance and Meta. Two companies that have shaped how billions of people live and work. REIL exists for a simple
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Tokenised Intelligence Factories to Drive Massive Economic Growth
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Yes – the economic growth to follow the ‘tokenisation’ of Intelligence via Intelligence Factories will dwarf the hyperscaler capex. AI is essential for economic growth and the industries of the future – will largely involve that Intelligence becoming embodied – IE, moving into
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Domino Data Lab Brings AI to US Navy Mine Countermeasures Program
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Mine-hunting UUVs took months to adapt to new threats. Now it takes days. @DominoDataLab
's COO joined Bloomberg This Weekend to explain how and why Domino adds AI to the U.S. Navy's mine countermeasures program, and its $99.7M contract award. https://
hubs.ly/Q04fd2v90 -
Anthropic in Talks to Buy Inference Chips from UK Startup Fractile
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Anthropic is talking to a small UK chip startup called Fractile about buying their inference chips once they're ready next year, basically another move to stop being so dependent on Nvidia. What's really interesting is that Fractile is using the Anthropic deal as a selling
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Musk vs Altman Trial Opens Over OpenAI Founding Dispute
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134 billion dollars. 9 jurors. The world's richest man against the boss of ChatGPT. The Musk vs. Altman trial opens on Monday in Oakland. In 2015, they agree to create a nonprofit AI lab. Musk gives 38 million. In 2017, he tries to take control of OpenAI and merge it with
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TanPrish Dynamics Wins Second Place at BuildAI Pitch Event
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A strong second place finish at the BuildAI Pitch Event! TanPrish Dynamics Pvt. Ltd., led by Anamika Mishra Pandey and Abhay Dwivedi, wins ₹1,00,000 for showcasing a powerful AI solution with real-world applicability. #BuildAI #IndiaAI #AIPitch #AIStartups #Innovation
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AI Used as Excuse for Layoffs, Regulation, and Fundraising
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AI's killer app is as an excuse for:
– Firing employees (tech bosses)
– Regulating tech companies (politicians)
– Keeping interest rates low (Fed)
– Soliciting donations (AI safety institutes) -
Anthropic Could Hit $900B Valuation With Negative Free Cash Flow
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If the rumored Anthropic at $900 billion round goes through, Anthropic will be the first company in history to cross the $900 billion mark with negative Free Cash Flow. Which is just an interesting data point is all.
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Token Economy Hidden Costs Threaten Enterprise Agentic AI Deployments
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The token economy is turning out to have huge hidden costs. Some of the agentic stuff doesn’t even reach completion on a task as it burns through tokens. This will cause despair for a lot of enterprises implementing agentic AI. As always, there should be some good money to be