Inflection AI Raises $1.3 Billion Investment From Microsoft and Nvidia

Inflection AI, a startup backed by several Silicon Valley heavyweights, said on Thursday it had raised $1.3 billion (nearly Rs. 10,670 crore) from investors including Microsoft and Nvidia, amid a boom in the artificial intelligence (AI) sector. The investment, a mix of cash and cloud credit, valued the one-year-old company at $4 billion (nearly Rs. 32,840 crore), a so...
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OpenAI Sued in US for Allegedly Misusing Artists’ Work to Train ChatGPT

Two US authors sued OpenAI in San Francisco federal court on Wednesday, claiming in a proposed class action that the company misused their works to "train" its popular generative artificial-intelligence system ChatGPT. Massachusetts-based writers Paul Tremblay and Mona Awad said ChatGPT mined data copied from thousands of books without permission, infringing the autho...
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The Dell PowerEdge XE9680 for Generative AI: Stable Platform, Stable Diffusion, Superior Performance

In the high-stakes arena of enterprise AI, tech titans are in a relentless race to unveil the next significant innovation in hardware. Dell Technologies recently introduced the Dell PowerEdge XE9680 for Generative AI and is flexing it in a recent whitepaper. The PowerEdge XE9680, explicitly designed to tackle AI workloads, is not just a new entrant in the race - it's a potential frontrunner. (more…)
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Internet Shutdowns in India Cost $1.9 Billion to the Country’s Economy in the First Half of 2023: Report

Internet shutdowns by law enforcement agencies like the one in Manipur and Punjab cost $1.9 billion (nearly Rs. 15,590 crore) to the Indian economy in the first half of 2023, a report said on Thursday. The shutdowns also led to a loss of nearly $118 million (nearly Rs. 968 crore) in foreign investment and triggered over 21,000 job losses, the global non-profit Interne...
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