Databricks and Snowflake both say they're adopting Microsoft's Arm-based Cobalt 100 VMs in Azure
MARKET TRENDS
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Venture Capital Limitations in Non-Scalable Social Markets
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This is important, because it's also not clear to me that venture funded firms are delivering in terms of what we hear people want out of e.g. AI. When it comes to education, health, social care, policing these "markets" don't "scale" quick enough for venture.
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Klarna Sells £30B BNPL Loans to Elliott Ahead of IPO
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Klarna has sold £30 billion worth of BNPL loans in the UK to Elliott to free up growth capital ahead of its anticipated IPO, per FT. The fintech also cancelled a plan to allow employees to sell secondary shares, the FT reports.
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IBM Think2024: AI Scalability, Security and UK Industry Growth
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Just left #IBM #Think2024 in London! 🇬🇧 Key takeaways:
— Bernard Marr (@BernardMarr) 16 octobre 2024
1. AI scalability is huge (only 1% of corporate data used now!)
2. Security & ethics are crucial
3. Partnerships driving innovation (IBM+AWS+Microsoft)
4. UK AI industry could hit £800B by 2035
5. Building trust in AI is… pic.twitter.com/bjbYMzBjtWJust left #IBM #Think2024 in London! Key takeaways: 1. AI scalability is huge (only 1% of corporate data used now!)
2. Security & ethics are crucial
3. Partnerships driving innovation (IBM+AWS+Microsoft)
4. UK AI industry could hit £800B by 2035
5. Building trust in AI is -
AI Investment Surge: Data Centers, Video Generation, Robotics Advances
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Les sources du #FlashTweet sont ici https://
bloomberg.com/news/articles/
2024-10-15/ai-boom-sparks-2-billion-data-center-bet-led-by-australiansuper?utm_source=pocket_shared&embedded-checkout=true
… https://
theverge.com/2024/10/15/242
68117/google-shopping-personalized-feed-products-ai?utm_source=pocket_shared
… https://
01net.com/actualites/tes
la-tolle-optimus-controle-par-un-humain.html?utm_source=pocket_shared
… https://
siecledigital.fr/2024/10/16/ado
be-innove-avec-firefly-video-un-modele-dintelligence-artificielle-pour-la-generation-de-sequences-video/
… https://
tech.eu/2024/10/16/nuc
lera-raises-75m-series-c-for-eprotein-discovery-system/
… #intelligenceartificielle #ia #ChatGPT #tech #innovation -
AI Driving Cloud Funding Growth Across Markets
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Much of the growth of funding in cloud is being driven by excitement around AI. “AI is sucking the air out of the room” when it comes to cloud, @pbotteri
, partner at Accel, told me in an interview this week. “This is both visible on the public market and and the private market.” -
GenAI startups capture 40% of cloud VC funding
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GenAI startups are getting 40% of all VC that flows into cloud startups, according to @Accel
. In its latest Euroscape report, Accel said funding for cloud startups in US, Europe and Israel is set to rise 27% to this year. That's mostly thanks to.. genAI. -
Intel Gaudi 3 Challenges Nvidia H100 with Superior Performance
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Intel CEO Pat Gelsinger says Intel’s new Gaudi® 3 AI accelerator chip offerrs a powerful, cost-effective alternative to Nvidia’s H100.
— Pascal Bornet (@pascal_bornet) 16 octobre 2024
With 50% faster performance, it enables companies to handle complex AI and machine learning deployments more efficiently. The lower total cost… pic.twitter.com/QKGU4vWp9lIntel CEO Pat Gelsinger says Intel’s new Gaudi® 3 AI accelerator chip offerrs a powerful, cost-effective alternative to Nvidia’s H100. With 50% faster performance, it enables companies to handle complex AI and machine learning deployments more efficiently. The lower total cost
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European Chip Stocks Fall After ASML Sales Warning
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European chip stocks are dropping after ASML put out a big 2025 sales warning yesterday: – ASML down 5%
– ASMI down 2.3%
– BE Semionductor down 1.9%.
– STMicro down 1.2%
– Infineon down 1.1%
– Soitec down 0.9% -
UAE G42 CEO Assures US on Sensitive Tech Security Amid Chip Export Curbs
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The CEO of UAE AI chip firm G42 tells @themmagraham the Gulf country is a reliable partner to the US when it comes to keeping sensitive tech safe. It comes as the region faces potential US curbs on exports of Nvidia and AMD chips.