nvidia Nvidia Suffers Record $589 Billion Loss as DeepSeek Challenges AI Spending Nvidia experiences the largest single-day market cap loss in history as a breakthrough AI model from China's DeepSeek raises concerns about the need for expensive chips. The news triggers a massive sell-off across the semiconductor sector.
openai OpenAI CEO Claims Path to AGI Is Solved, Shifts Focus to Superintelligence Sam Altman states that OpenAI knows how to build artificial general intelligence and is now setting its sights on superintelligence. He also predicts that autonomous AI agents will enter the workforce and change company outputs in 2025.
nvidia Nvidia Releases Open-Source NVLM 1.0 to Rival GPT-4 Nvidia unveils NVLM 1.0, a powerful open-source multimodal AI family led by the 72 billion parameter NVLM-D-72B. The model achieves state-of-the-art results to compete directly with proprietary systems from OpenAI and Google.
liquid ai MIT Spinoff Liquid AI Debuts State-of-the-Art Non-Transformer Models Liquid AI introduces its Liquid Foundation Models, a new line of non-transformer AI architectures that outperform comparable models from Meta and Microsoft while using significantly less memory.
magic AI Coding Startup Magic Raises $320M Led by Former Google CEO Schmidt Magic secures $320 million in new funding to build AI supercomputers with Google Cloud and advance its ultra-long context coding models.
nvidia Nvidia Reports Record $30 Billion Q2 Revenue, Crushes Earnings Estimates Nvidia achieves a massive financial milestone as its second-quarter fiscal 2025 revenue reaches $30 billion with GAAP earnings per share of $0.67, easily surpassing Wall Street expectations.
amazon Amazon Q AI Assistant Saves $260 Million and 4,500 Developer-Years Amazon CEO Andy Jassy reveals that the company's internal AI assistant, Amazon Q, dramatically reduces software upgrade times and delivers massive annual efficiency gains.
mistral ai Mistral Large 2 Outperforms Llama 3.1 in Coding and Math Benchmarks Mistral AI releases Mistral Large 2, a 123-billion-parameter model that surpasses Meta's Llama 3.1 in code generation and mathematical reasoning while supporting over 80 programming languages.
google ads Google Enhances Smart Bidding with Exploration Expansion and Promotion Mode Google is rolling out broader Smart Bidding Exploration capabilities alongside a new Promotion Mode feature. These updates give advertisers more automated control over their campaign bidding strategies and promotional periods.
ibm IBM Closes Major China Research Entity After Mass Layoffs IBM is shutting down its China research and development arm after laying off over 1,000 employees. The company insists the closure does not affect its ability to serve local clients.
openai OpenAI Unleashes GPT-4o Fine-Tuning With Free Daily Tokens OpenAI now allows developers to fine-tune its powerful GPT-4o model to better suit specific application needs. The company offers one million free tokens per day for this process through September 23.
generative ai Deloitte Enterprise AI Report Shows Rapid Generative Adoption A new Deloitte analysis examines how organizations currently integrate generative AI into their daily operations. The research highlights significant enterprise shifts in business strategy and technology deployment.
openai ChatGPT Reaches 200 Million Weekly Users as Enterprise Adoption Surges OpenAI reports that ChatGPT now boasts 200 million weekly active users, doubling its count in just ten months. The milestone highlights significant corporate interest, with 92% of Fortune 500 companies utilizing OpenAI tools.
openai OpenAI Expands Custom AI Tools to Tailor Models for Every Business OpenAI introduces upgraded fine-tuning APIs and an expanded custom models program, predicting most organizations will soon build personalized AI systems.
microsoft Microsoft Launches Phi 3.5 AI Models to Rival Google and OpenAI Microsoft introduces three new Phi 3.5 AI models that outperform competitors on key benchmarks while remaining open source for commercial use.