According to reports, Microsoft will spend nearly $10 billion renting servers from AI startup CoreWeave between 2023 and 2030. This amount accounts for more than half of the total $17 billion contract signed between CoreWeave and its customers. Neither CoreWeave nor Microsoft responded immediately to requests for comment. Previously, it was reported that CoreWeave is preparing for an initial public offering (IPO) in 2025. The company recently secured a $650 million credit line from several investment banks.

Recently, a group of tech giants and venture capitalists jointly issued a statement opposing California Senator Scott Wiener’s SB1047 bill. This bill aims to strengthen the regulation of artificial intelligence, prompting strong opposition from the tech industry. Marc Andreessen and Ben Horowitz, co-founders of Andreessen Horowitz, along with Microsoft CEO Satya Nadella.

Musk is in financing talks with several large investors from the Middle East, aiming to raise funds for his artificial intelligence startup xAI, with a target valuation approaching $45 billion, nearly double the company's valuation a year ago. According to sources familiar with the matter, xAI is in preliminary discussions with both new and existing investors to seek new funding to compete with OpenAI. OpenAI recently completed over $10 billion in debt and equity financing, while Anthropic and large companies like Google and Meta are also involved.

Meta (formerly Facebook) recently released its third quarter financial report for 2023. While the core business performed well, the hefty losses in the Metaverse division raised concerns among investors, causing the company's stock to drop over 3% in after-hours trading. This report highlights Meta's complex growth dilemma. Data shows that, as of September 30, Meta's third quarter revenue reached $40.6 billion, a 19% increase year-over-year, exceeding market expectations of $40.3 billion. However, the Metaverse business, Reality Labs, reported significant losses.

Elon Musk's artificial intelligence company xAI is currently busy negotiating with investors to raise several billion dollars in new funding. According to The Wall Street Journal, this round of financing is valued at approximately $40 billion, nearly double its current valuation. Founded last year, xAI quickly gained attention shortly after its establishment. In May this year, the company successfully completed a $6 billion Series B funding round, helping it to accelerate its growth. The recent news of additional funding has sparked widespread interest. Musk has consistently emphasized that xAI...

At the recent Gemma Developer Day held in Tokyo, Google officially launched its new Japanese version of the Gemma AI model. This model's performance rivals that of GPT-3.5, but it has a parameter count of only 2 billion, making it very compact and suitable for operation on mobile devices. The newly released Gemma model excels in Japanese processing while also maintaining its capabilities in English. This is particularly important for small models, as they may face 'catastrophic forgetting' when fine-tuning for new languages.

AI startup Moondream has officially announced the completion of $4.5 million in seed funding and presents a disruptive viewpoint: in the world of AI models, smaller models may hold advantages. The company is backed by Felicis Ventures, Microsoft's M12 GitHub Fund, and Ascend, launching a visual language model with only 1.6 billion parameters that can compete with models four times its size in terms of performance.

At the Honor MagicOS 9.0 launch event and developer conference on October 23, Honor CEO Zhao Ming announced the official release of the latest operating system, MagicOS 9.0. During his speech, Zhao reviewed the evolution of Honor MagicOS, which has positioned itself as an AI OS since its inception, continuously driving technological innovation.

Procurement orchestration platform ZipHQ announced today the completion of a $190 million Series D funding round, bringing its valuation to $2.2 billion. The funding was led by BOND Capital, with follow-on investments from DST Global, Adams Street Partners, and Alkeon Capital, while existing investors Y Combinator and Charles River Ventures also participated. Founded in 2020, Zip is redefining enterprise procurement flows using AI.