Noam Shazeer comes back to Google,Blackstone is investing £10 billion Newsletter #12
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📰Daily AI News Summary 📰
🌐 Global AI Updates: Groundbreaking Innovations and Insights 🚀
🌟 ByteDance is training a new AI model powered by Huawei chips 💻⚡
🔑 Noam Shazeer comes back to Google in a massive $2.7B deal 💼🤖
🚗 Imagry’s AI could make your car driverless 🛣️🤯
🏗️ Blackstone is investing £10 billion for data centre🏢💡 in North East England
⚠️ UNESCO warns: AI has the power to transform lives 🎓📈, but ethical use is critical to avoid potential risks ⚠️🤔.
Exclusive: ByteDance plans new AI model trained with Huawei chips, sources say
TikTok's Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei Technologies (HWT.UL), said three people familiar with the matter, as U.S. curbs turn the social media giant homeward in search of chips.ByteDance has diversified to domestic suppliers of chips used in artificial intelligence and accelerated development of its own since the U.S. in 2022 started restricting exports of advanced AI chips such as from market leader Nvidia.ByteDance did not reply to a request for comment. Michael Hughes, a TikTok spokesman in Washington D.C., said, speaking on behalf of ByteDance, "The entire premise here is wrong. No new model is being developed".ByteDance is reportedly developing an advanced AI model powered by Huawei chips. This partnership could signify a strategic move to leverage China's local chip manufacturing capabilities amidst global tech tensions. The new AI model could enhance ByteDance’s existing portfolio, including platforms like TikTok.
Noam Shazeer back at Google in $ 2.7-billion deal: Who he is, what his rehiring says about AI sector
Google recently paid an enormous amount to rehire a former employee who will now steer its Artificial Intelligence (AI) project. However, the $2.7 billion Google spent is not the only reason the deal is attracting attention. Noam Shazeer has been brought back to the tech giant through a process known as ‘reverse acqui-hire’, which has triggered concerns of deterring competition, and allowing big companies to dominate a space.Also, a billion-dollar deal to bring back a former employee, at a time the tech sector is witnessing layoffs, underlines how firmly major tech players are focussing on AI, which raises its own share of worries.Noam Shazeer, an AI pioneer who co-invented the transformer architecture, has rejoined Google through a major $2.7 billion deal. His return signals a new phase of AI development at Google, and the deal underscores the industry's race to secure top AI talent. Shazeer's expertise could further propel Google's advancements in AI.
Our AI system can make your car driverless, says Imagry CEO
Imagry, according to Ofir, has already signed a 10-year deal with Continental to develop a software-defined vehicle platform that incorporates their neural network-based motion planning, according to Ofir. This allows vehicles to gradually gain autonomous driving capabilities through over-the-air software updates.This technology is based on a vision-first, mapless approach that could revolutionize the autonomous vehicle industry, offering more scalable solutions to automotive manufacturers worldwide.
[Blackstone set to build £10bn AI data centre in North East England
](https://fintech.global/2024/09/30/blackstone-set-to-build-10bn-ai-data-centre-in-north-east-england/)
Private equity giant Blackstone has confirmed plans for a £10bn investment in an AI data centre located in the North East of England, which is expected to create approximately 4,000 jobs.Construction on the site, which will be one of Europe’s largest data centres, is scheduled to begin next year in Blyth, Northumberland, according to Finextra.Blackstone acquired the land earlier this year after the collapse of British Volt, which had intended to build an electric car battery factory there. The proposed “hyperscale” AI data centre received approval last month.In addition to creating 4,000 jobs, including 1,200 positions related to the construction phase, Blackstone has pledged £110m to a fund aimed at supporting skills training and improving transport infrastructure in the region.Jon Gray, Blackstone’s president and COO, commented, “The UK is a top investment market for Blackstone because of its powerful combination of talent and innovation along with a highly transparent legal system.”Investment giant Blackstone is planning a £10 billion investment to build a cutting-edge AI data center in North East England. The project is expected to create jobs and strengthen the UK's role in AI innovation, while contributing to the growing infrastructure required for AI advancements globally.
AI holds potential to transform lives but poses threat if mishandled, says UNESCO Education ADG
Artificial intelligence is a technology that holds potential to transform human life in profound ways, much like the discovery of fire, but it also poses significant risks if mishandled, said Stefania Giannini, UNESCO's Assistant Director General for Education .Over the course of my career, I have witnessed at least four digital revolutions – from the advent of personal computers to the expansion of the internet, to the emergence of mobile devices and social media and to the rapid and unexpected arrival of generative artificial intelligence (AI) like ChatGPT," she said.UNESCO’s Assistant Director-General for Education highlighted the transformative potential of AI in education but warned about its misuse. The statement emphasized that while AI can improve learning experiences globally, responsible development and ethical guidelines are essential to mitigate potential risks.
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