Latest news with #SarithaRai
Business Insider
6 days ago
- Business
- Business Insider
AI Daily: Robinhood under pressure as OpenAI says tokens aren't equity
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly: Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. TOKENS NOT EQUITY: Shares of Robinhood (HOOD) were under pressure after Microsoft (MSFT)-backed OpenAI said its tokens aren't equity. In a post on X, OpenAINewsroom stated, 'These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval-we did not approve any transfer.' RECRUITMENT: Meta's (META) multimillion-dollar budget for recruiting top AI talent does not guarantee success, Saritha Rai and Haslinda Amin of Bloomberg reports, citing comments made by Helen Toner, a former OpenAI board member. The poaching of AI researcher from companies such as Microsoft-backed (MSFT) OpenAI and the debut of Meta's new Superintelligence group comes after the company developed a reputation for 'having a dysfunctional team,' Toner said in an interview. FIRST DEPLOYMENT: CoreWeave (CRWV) said in a blog post, 'At CoreWeave, we don't follow a traditional roadmap for building AI infrastructure. We're pioneering AI infrastructure while engineering faster and smarter. Building on our legacy as the first AI cloud provider to provide access to the NVIDIA (NVDA) HGX H100 system, NVIDIA H200, and NVIDIA GB200 NVL72, we continue to accelerate the pace of AI innovation with an industry-first bring-up of NVIDIA's latest cutting-edge platform, NVIDIA GB300 NVL72, which is housed within Dell 's (DELL) integrated rack scale system. The NVIDIA GB300 NVL72 represents a significant leap in performance for AI reasoning workloads, delivering up to a 10x boost in user responsiveness and a 5x improvement in throughput per watt compared to the previous generation NVIDIA Hopper architecture. That translates into a staggering 50x increase in output for reasoning model inference, empowering you to develop and deploy larger, more complex AI models that are exponentially faster than ever before… This first deployment of the NVIDIA GB300 NVL72 on CoreWeave's cloud is just the beginning of a much bigger story. As AI models continue to rapidly grow in size and complexity, the need for purpose-built AI infrastructure will only continue to grow at the same pace. We are excited to drive this transformation, empowering the planet's leading AI labs and enterprises to continuously push the boundaries of what's possible.'
Bloomberg
27-05-2025
- Business
- Bloomberg
Singapore's AI Push Charts Path Toward Localized Models
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Saritha Rai returns from a week in Singapore with word of the latest AI developments in the region. Shein reprimand: The EU has told the Singapore-based ecommerce firm it could face fines unless it clamps down on consumer law violations on its platform.
Bloomberg
20-05-2025
- Business
- Bloomberg
Big Take Asia: The Architect of China's AI Revolution
Despite the global hype around China's DeepSeek, very little is known about the man behind it – Liang Wenfeng. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Saritha Rai about the tech founder who led DeepSeek to the frontline of AI advances and what the company's rise tells us about the battle for AI dominance.
Bloomberg
09-05-2025
- Entertainment
- Bloomberg
Boston Celtics Investors to Decide Whether to Stay or Go
By , David Hellier, and Saritha Rai Save In case you were wondering, the new Pope is a White Sox fan, so if he can manage with that ordeal, he'll probably be fine in his new job. This week we talk about the latest in the Boston Celtics takeover, show our new documentary about how folks are trying to Americanize the Premier League, and wonder if AI can handle translating sports lingo into different languages.
Bloomberg
22-04-2025
- Business
- Bloomberg
Humanoid Robots Stumble Forward in Half-Marathon Showcase
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Saritha Rai reports on the future of humanoid robots after their participation in a half-marathon last week in China. Jensen wants more power: Nvidia CEO Jensen Huang met with Japanese Prime Minister Shigeru Ishiba to push the country to generate more electricity to meet the needs of artificial intelligence work.
