This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on the AI coding and vibe-coding booms, follow David Pierce. The Stepback arrives in our subscribers' inboxes at 8AM ET. Opt in for The Stepback here.
How it started
Writing code was a killer app for AI even before anyone was really talking about AI. In the spring of 2021, 18 months before the world knew the word "ChatGPT," Microsoft debuted the very first product of a partnership with a nonprofit called OpenAI: a tool called GitHub Copilot that watched developers as they wrote code and tried to autocomplete snippets and lines for them …
Read the full story at The Verge.
The predicted AI IPO wave could significantly alter market dynamics, reshaping investment strategies and elevating tech sector valuations globally.
The post Coatue Management’s Thomas Laffont outlines AI IPO wave, predicts trillion-dollar valuations for OpenAI, Anthropic, and SpaceX appeared first on Crypto Briefing.
Microsoft's autonomy in AI development could reshape the tech landscape, intensifying competition and impacting AI and crypto market dynamics.
The post Microsoft gains autonomy from OpenAI to pursue superintelligence on its own terms appeared first on Crypto Briefing.
With SpaceX set to become the first AI-era giant to go public on Friday, governments on both sides of the Atlantic are racing to define their relationship with the industry. Washington is in talks with OpenAI about a government equity stake; Brussels has unveiled a new tech sovereignty package. On this week's Tech 24, we lay out the two very different visions of how to shape artificial intelligence's future.
On this week’s episode, host and the founder of AI advisory firm Intelligence Briefing Andreas Welsch brought together Maya Mikhailov, cofounder and CEO of Savvi AI, and Doug Shannon, generative AI and intelligent automation leader, to cover a handful of interconnected topics that practitioners are navigating right now: OpenAI’s push into personal finance, the role […]
Aitana Lopez, AI avatar by creative agency The Clueless. | Image: The Clueless
This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on AI confusion, follow Robert Hart. The Stepback arrives in our subscribers' inboxes at 8AM ET. Opt in for The Stepback here.
How it started
At first, AI influencers were relatively easy to identify - and to ignore. Aside from the occasional bursts of hype, they didn't seem to change much about the way social media worked. The earliest virtual influencers - Lil Miquela with her blunt fringe and freckles, Imma with her bubblegum pink bob, and Shudu Gram with her flawless complexion - were obviously digital productions. Collaborations …
Read the full story at The Verge.
Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding
The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said it had filed for an initial public offering. OpenAI, the developer of ChatGPT, is expected to follow.
This latest peak in the AI market comes amid a multitrillion-dollar spending spree on related infrastructure such as datacentres. Meanwhile, companies are attempting to deploy the technology in a way that makes investing in it worthwhile. Here’s a look at what stage the AI boom is at and six key charts that tell us how we got here.
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