PYMNTS-MonitorEdge-May-2024

Inflection AI

AI Firms Rake in Billions Without Having Products
AI Firms Rake in Billions Without Having Products
April 29, 2024  |  artificial intelligence

AI may represent a “field of dreams,” but investors are reportedly seeing a potential nightmare. As The Wall Street Journal (WSJ) reported Monday (April 29),...

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DeepMind Founder to Head Microsoft Consumer AI Group
DeepMind Founder to Head Microsoft Consumer AI Group
March 19, 2024  |  artificial intelligence

Microsoft has reportedly named DeepMind Co-founder Mustafa Suleyman to head its consumer AI unit. The tech giant has also hired most of the staff of Suleyman’s Inflection AI startup, Bloomberg News reported...

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Nvidia Invests in 35 AI Companies in 2023
Nvidia Invests in 35 AI Companies in 2023
December 11, 2023  |  artificial intelligence

Nvidia, the world’s most valuable chipmaker, has solidified its position as a prominent investor in artificial intelligence (AI) startups this year. The company has participated...

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Lawmakers Demand Answers from AI CEOs on Working Conditions
Lawmakers Demand Answers from AI CEOs on Working Conditions
September 13, 2023  |  artificial intelligence

Sen. Edward J. Markey and Rep. Pramila Jayapal have led several colleagues in demanding answers from CEOs of leading artificial intelligence (AI) companies regarding the working conditions of their...

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Report: Reid Hoffman Reduces Role at Greylock Partners to Focus on AI
Report: Reid Hoffman Reduces Role at Greylock Partners to Focus on AI
August 30, 2023  |  artificial intelligence

Venture firm Greylock Partners is reportedly experiencing a transition as Reid Hoffman, a prominent figure in the tech industry, scales back his involvement in new deals. Hoffman, a...

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Inflection AI Raises $1.3 Billion to Continue Developing ‘Personal AI’
Inflection AI Raises $1.3 Billion to Continue Developing ‘Personal AI’
June 29, 2023  |  artificial intelligence

Inflection AI has raised $1.3 billion in a funding round led by high-profile tech industry investors. Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and NVIDIA led the round, Inflection AI said in...

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