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Eye On AI: xAI’s Backers Have A Lot Of Other Bets Besides Musk’s LLM
30 May

Eye On AI: xAI’s Backers Have A Lot Of Other Bets Besides Musk’s LLM

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This column is a look back at the week that was in AI. Read the previous one here. Looks like we are back to weekly billion-dollar raises at multibillion-dollar valuations, at least when it comes to generative AI startups. Last week, Scale AI raised $1 billion in a round led by Accel that values the data labeling and evaluation startup at a stunning $13.8 billion. And this week, of course, Elon Musk’s generative AI startup, xAI, officially announced its $6 billion round that values the company at $24 billion. The xAI round — which included investment from Valor Equity Partners,…
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Two teachers bought a $27,000 Italian lake house instead of spending more to move back to the US. Take a look.
30 May

Two teachers bought a $27,000 Italian lake house instead of spending more to move back to the US. Take a look.

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The couple, who are both English-as-a-second-language (ESL) teachers, met while working in Vietnam in 2014. Bustling Ho Chi Minh City was a far cry from the suburbs of Chicago, where Knighten, 38, grew up.But the move made sense for Knighten."I need to see new things, and my wanderlust needs to be satiated," she told Business Insider.After a few years in Asia, Knighten and Cordier, who is 46, got teaching jobs in the UAE with annual salaries just shy of $70,000."Making $1,500 a month was not going to cut it for the rest of our lives," she said.They decided to save…
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China’s quest to turn the yuan into a global currency isn’t actually driven by domination. It’s about sanctions.
30 May

China’s quest to turn the yuan into a global currency isn’t actually driven by domination. It’s about sanctions.

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China is on a drive to expand the use of the yuan internationally. But Beijing's near-term intent is more about sanctions protection than currency dominance, according to a researcher."China's strategies to develop an alternative financial system are defensive rather than offensive — at least for now," wrote Zoe Liu, a fellow for China Studies at the Council on Foreign Relations, on Wednesday.Beijing's goal now is to minimize any impact from potential sweeping sanctions from the West in "extreme geopolitical scenarios," such as a military conflict over Taiwan, which China claims as its territory, wrote Liu. Her post was published on…
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The US gave sensitive plans for over 1,000 American weapons to Ukraine, says 2 officials who gave only a cryptic hint as to what they are: report
30 May

The US gave sensitive plans for over 1,000 American weapons to Ukraine, says 2 officials who gave only a cryptic hint as to what they are: report

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The US has given Ukraine manufacturing plans for more than 1,000 American weapons in hopes of helping Kyiv bolster its own arms production, two officials told The New York Times.The military officials told NYT's John Ismay of the transfer during a reporting visit to a new factory for Howitzer artillery shells near Dallas.According to the NYT, these two officials were William A. LaPlante, Undersecretary of Defense for Acquisition and Sustainment, and Douglas R. Bush, Assistant Secretary of the Army for Acquisition, Logistics, and Technology.They told the outlet that the US has also translated technical manuals from English to Ukrainian but…
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An ex-California official quietly stole over $1.5 million of water in a heist that lasted decades, but mysteries remain
30 May

An ex-California official quietly stole over $1.5 million of water in a heist that lasted decades, but mysteries remain

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A former California official pleaded guilty to conspiring to steal more than $1.5 million of water, but the decadeslong water heist case still has more questions than answers. Dennis Falaschi served as the general manager of the Panoche Water District in Fresno and Merced Counties, located in central California, from around 1986 to 2017. The public water district bought water from the federal government and collected drainage water from farms, both of which it then legally sold to farmers in the area, according to a statement issued by the US attorney's office for the Eastern District of California on Tuesday.But…
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