artificial intelligence

Applied Materials Forecast Meets Estimates as AI Fuels Growth

Applied Materials Forecast Meets Estimates as AI Fuels Growth

Applied Materials Inc., the largest US maker of chip-manufacturing equipment, delivered an in-line sales forecast that disappointed investors who’d been looking for a bigger payoff from artificial intelligence spending. Fiscal fourth-quarter sales will be about $6.93 billion, the company said in a statementBloomberg Terminal Thursday. That matched the average analyst estimate, according to data compiled by Bloomberg. Profit, minus certain items, will be roughly $2.18 a share. Analysts were projecting $2.15 for the period, which runs through October. Source link lol
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USC Professor Lands $43 Million in Funding for AI Startup

USC Professor Lands $43 Million in Funding for AI Startup

Sahara AI, a startup co-founded by a University of Southern California associate professor, has raised $43 million as it seeks to address thorny copyright and privacy issues surrounding artificial intelligence technology.The funding was led by Pantera Capital, Binance Labs and Polychain Capital and included investors such as Samsung, Matrix Partners, Nomad Capital as well as angel investors and founders from the industry, the startup said in a statement on Wednesday. It will deploy the capital to expand its team of experts and develop its technology. Source link lol
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Point72 Stake Sends Bitcoin Miner Higher as Short-Seller Attacks

Point72 Stake Sends Bitcoin Miner Higher as Short-Seller Attacks

It’s Steve Cohen’s hedge fund versus an activist short-seller in the stock market today. And so far, Cohen is winning.Bitcoin mining company TeraWulf Inc. rallied as much as 18% on Thursday after Cohen’s Point72 Asset Management disclosed a 1.3% stake in the company in its second-quarter report to the Securities and Exchange Commission. The shares maintained most of those gains following a reportBloomberg Terminal published by Grizzly Research that accused the miner of enriching insiders at the expense of investors. Source link lol
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China Adds Metal Used in Ammo to List of Restricted Exports

China Adds Metal Used in Ammo to List of Restricted Exports

China is tightening its grip over global critical-mineral supplies by placing export controls on antimony, a metal used widely in ammunition and other military applications that’s seen a surge in prices this year. The country will apply the restrictions to antimony and antimony-related materials from Sept. 15 in order to safeguard national security, according to a statement from the Ministry of Commerce on Thursday. That adds to earlier controls on other critical minerals including gallium and germanium, which have set off alarm bells in Washington. Source link lol
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Researchers Have Ranked the Nicest and Naughtiest AI Models

Researchers Have Ranked the Nicest and Naughtiest AI Models

Bo Li, an associate professor at the University of Chicago who specializes in stress testing and provoking AI models to uncover misbehavior, has become a go-to source for some consulting firms. These consultancies are often now less concerned with how smart AI models are than with how problematic—legally, ethically, and in terms of regulatory compliance—they can be.Li and colleagues from several other universities, as well as Virtue AI, cofounded by Li, and Lapis Labs, recently developed a taxonomy of AI risks along with a benchmark that reveals how rule-breaking different large language models are. “We need some principles for AI…
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Google’s Search Dominance Leaves Sites Little Choice on AI Scraping

Google’s Search Dominance Leaves Sites Little Choice on AI Scraping

The convenient artificial intelligence answers Google now puts at the top of its search results come at steep cost to websites that users would otherwise visit. But many site owners say they can’t afford to block Google’s AI from summarizing their content.That’s because the Google tool that sifts through web content to come up with its AI answers is the same one that keeps track of web pages for search results, according to publishers. Blocking Alphabet Inc.’s Google the way sites have blocked some of its AI competitors would also hamper a site’s ability to be discovered online. Source link…
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Your Photos Aren’t Real

Your Photos Aren’t Real

At a splashy media event this week at its headquarters in Mountain View, California, Google announced four new Pixel phones. But the most important stuff unveiled at the Made By Google event wasn’t the hardware itself, but rather all of the generative AI tools packed into the devices.Most notable are some AI-powered camera features that allow Pixel owners to easily add their own image to a group shot after they’ve taken the photo, or to alter a photo entirely by changing night to day and adding objects that were never really there. It’s an exploration of our limits—how convincingly technology…
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Alphabet Shares Face Months of Uncertainty on New Breakup Risk

Alphabet Shares Face Months of Uncertainty on New Breakup Risk

Alphabet Inc. investors are facing a long period of uncertainty as they grapple with a scenario they previously saw as unlikely: a possible breakup of Google.A bid to break up Google is being considered by the Justice Department, Bloomberg News reported Tuesday, with the most likely units for divestment the Android operating system and the Chrome web browser. The news surprised Wall Street, which had seen a breakup as unlikelyBloomberg Terminal even after a federal judge ruled earlier this month that Google has illegally monopolized the search market. Source link lol
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Alibaba’s Revenue Misses Estimates in a Blow to Revival Effort

Alibaba’s Revenue Misses Estimates in a Blow to Revival Effort

Alibaba Group Holding Ltd. posted a disappointing 4% rise in revenue, after aggressive promotions and new shopping features failed to drive spending in a patchy Chinese consumer environment.The domestic e-commerce leader reportedBloomberg Terminal revenue of 243.2 billion yuan ($34 billion) in the June quarter, versus the average projection for about 249.9 billion yuan. Net income fell about 27% to 24.3 billion yuan, reflecting the heavy cost of attracting and retaining shoppers. Source link lol
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