AI News on September 3st
1. OpenAI Increases Secondary Stock Sale to $10.3B, Valuation Hits $500B
#OpenAI #Valuation #StockSale
OpenAI has increased its secondary stock sale from an initial $6 billion to $10.3 billion, boosting its valuation to $500 billion. The company also completed an $1.1 billion all-stock acquisition of product testing startup Statsig and announced an executive team restructuring, creating a new Chief Technology Officer position for applications.
2. Apple and Google Partner to Develop AI-Powered Siri Using Gemini
#Apple #Google #Siri
Apple is partnering with Google to develop an AI-powered version of Siri using Google's Gemini model. Codenamed "Linwood" and "LLM Siri," the project aims to address Siri's limitations with complex queries. Apple will use a customized version of Gemini running on its private cloud servers, with both companies currently fine-tuning and testing the technology.
3. Anthropic Completes $13B Funding Round at $183B Valuation
#Anthropic #Funding #Valuation
Anthropic announced completion of a $13 billion Series F funding round, tripling its valuation to $183 billion and making it one of the world's most valuable startups. The funding exceeded initial market expectations due to strong investor demand, reflecting continued confidence in the AI sector despite high valuations.
4. France's Mistral AI Reaches $14B Valuation in New Funding Round
#MistralAI #Funding #EuropeanAI
French AI startup Mistral AI announced a new funding round valuing the company at $14 billion. The Paris-based company, specializing in large language models and AI solutions, will use the funds to accelerate product development and market expansion, reflecting Europe's growing presence in the global AI landscape.
5. Google Fined €325M by French Data Watchdog for Cookie Violations
#Google #Fine #Privacy
France's data protection authority has fined Google €325 million for failing to comply with website cookie regulations. The penalty highlights increasing regulatory scrutiny of tech giants' data practices in Europe, particularly as AI systems require vast amounts of training data.
6. Google Reaches Record Stock Price Amid AI Optimism
#Google #StockMarket #AI
Google's stock price reached record highs, gaining over 9% in a single day - its best performance since April 9th. The surge contributed significantly to a broader market rally, with the S&P 500 gaining 0.51% and Nasdaq Composite rising 1.02%, reflecting investor optimism about Google's AI prospects.
7. U.S. Releases "Winning the AI Race" Action Plan
#US #AIPolicy #Innovation
The White House released "Winning the AI Race: America's AI Action Plan," outlining over 90 federal policy actions across three pillars: accelerating AI innovation, building AI infrastructure, and leading international AI diplomacy and security. The plan represents a shift from the previous administration's "safety-first" approach to an "innovation-led" strategy.
8. Salesforce Cuts 4,000 Customer Service Jobs Due to AI Implementation
#Salesforce #AI #Workforce
Salesforce CEO confirmed the company has cut 4,000 customer service positions, reducing its service team from 9,000 to 5,000 employees. The cuts come as Salesforce's AI customer service system "Agentforce" now handles 50% of service workload, highlighting AI's impact on traditional employment patterns.
9. EU Establishes Global Benchmark with Comprehensive AI Framework
#EU #AIRegulation #GlobalStandards
The European Union has released the world's first comprehensive AI regulatory framework, setting a global benchmark for standards. The move comes alongside significant strategic investments by European governments, including Britain's "AI Opportunity Action Plan" which has attracted £14 billion in investments.
10. Google Expands TPU Deployment to Challenge NVIDIA's Dominance
#Google #TPU #NVIDIA
Google has signed its first agreement with third-party cloud providers to deploy its custom AI chips (TPUs) in their data centers. The move challenges NVIDIA's dominance in the AI chip market and could reduce these facilities' reliance on NVIDIA GPUs, reflecting Google's long-term strategy to expand its TPU business.