Li Feifei's startup World Labs announced an agreement with Google Cloud to choose Google Cloud as its primary computing provider for training AI models. The deal could be worth hundreds of millions of dollars. World Labs will utilize the GPU server capabilities on the Google Cloud platform to provide computational services for its large multimodal AI models. The company's AI model is referred to as 'Spatial Intelligence', capable of processing and managing various data.

A survey by Google Cloud and the National Research Group highlights the significant impact of generative AI on enterprise ROI. Among global companies surveyed, 61% adopted generative AI, with 74% achieving returns within a year and 86% reporting revenue growth exceeding 6%. AI is seen as a key driver of business growth, particularly in customer service, productivity enhancement, and process optimization, leading to a 45% overall productivity incr....

Google Cloud has collaborated with Y Combinator to offer AI startups $350,000 worth of cloud computing resources, including dedicated GPU/TPU clusters, for a period of two years. This initiative aims to foster AI innovation by prioritizing access to computing resources and facilitating one-on-one discussions with AI experts, helping startups tackle technical challenges and promote their growth. The partnership seeks to nurture future tech giants, with Google aiming to establish long-term relationships through early support. This collaboration not only addresses the computing resource needs of startups.