Amazon is increasingly betting on artificial intelligence as the key to its future growth. The company plans to spend $100 billion on data centers over the next decade — significantly more than it will spend on e-commerce and warehouse infrastructure. This is largely due to market forces. Thirty-year-old Amazon rode the e-retail wave to maturity, and the company’s AWS cloud service is now the new growth engine, driving the firm past $2 trillion in market value last week. The fifth U.S. company to hit that milestone is said to be building a new chatbot it hopes will surpass ChatGPT. Amazon also announced it has hired David Luan, co-founder of AI firm Adept. Continue reading Data and AI Propel Amazon to $2 Trillion Market Capitalization

The world’s first AI-powered movie camera has surfaced. Still in development, it aims to enable filmmakers to turn footage into AI imagery in real time while shooting. Called the CMR-M1, for camera model 1, it is the product of creative tech agency SpecialGuestX and media firm 1stAveMachine, with the goal of providing creatives with a familiar interface for AI imagemaking. It was inspired by the Cine-Kodak device, the first portable 16mm camera. “We designed a camera that serves as a physical interface to AI models,” said Miguel Espada, co-founder and executive creative technologist at SpecialGuestX, a company that does not think directors will use AI sitting at a keyboard. Continue reading New Prototype Is the World’s First AI-Powered Movie Camera

Verizon has restyled its logo and is making a more concerted push for a slice of the home market with the launch of a myHome bundle that pitches savings for those combining home Internet, live TV, streaming, and connected home services like cloud storage. Modeled after the company’s myPlan mobile package, myHome is available to new and existing Verizon customers who can choose among Fios, 5G Home or LTE Home Internet for prices starting at $35 per month. Subscribers can add streaming for $10 per platform and opt for a live-TV package of either Fios TV (where available) or YouTube TV. Continue reading Verizon Revamps Its Logo, Adds Discounted Streaming Deals

OpenAI has acquired Rockset, a database firm that provides real-time analytics, indexing and search capabilities. Rockset will help OpenAI enable its customers to better leverage their own data as they build and utilize intelligent applications. Rockset technology will be integrated into the retrieval infrastructure across OpenAI products, with members of Rockset’s San Mateo, California-based team joining the staff of OpenAI, which is headquartered in San Francisco. This is the second major purchase for OpenAI, following last year’s acquisition of New York-based AI design studio Global Illumination. Financial terms of the deal were not disclosed. Continue reading OpenAI to Expand Data Indexing, Analysis with Rockset Tech

Amazon has earmarked $230 million to invest in generative AI startups worldwide, providing funding in the form of “AWS credits, mentorship, and education to further their use of artificial intelligence and machine learning technologies.” The initiative will cast a global net, focusing on early-stage companies. About $80 million of that allocation will fund the second cohort of the AWS Generative AI Accelerator, which provides up to $1 million in credits “to each of the top 80 early-stage startups that are using generative AI to solve complex challenges.” Applications for the AWS Accelerator are open through July 19. Continue reading Amazon Commits $230M in AWS Credits for GenAI Startups

California tech companies are bristling at a state bill that would force them to enact strict safety protocols, including installing “kill switches” to turn-off AI models that present a public risk. Silicon Valley has emerged as a global AI leader, and the proposed law would impact not only OpenAI, but Anthropic, Cohere, Google and Meta Platforms. The bill, SB 1047, focuses on what its lead sponsor, State Senator Scott Wiener, calls “common sense safety standards” for frontier models. Should the bill become law, it could affect even firms like Amazon that provide AI cloud services to California customers even though they are not based in the state. Continue reading Tech Firms Push Back Against California AI Safety Regulation

Nvidia just wrapped a record quarter, with no sign of interest cooling for the GPUs that have become essential to powering the AI boom. Revenue for the company’s most recent quarter was a record $26 billion, up 262 percent year-over-year. Profit also hit a new high, up nearly sevenfold to $14.88 billion compared to the same period a year earlier. The performance drove the already buoyant stock price above $1,000 a share. Company founder and CEO Jensen Huang proclaimed, “the next industrial revolution has begun,” with Nvidia playing a pivotal role in transforming data centers into “AI factories.” Continue reading Nvidia Reports Record Revenue, Profits as AI Demand Surges

Microsoft is implementing a series of upgrades to its AI stack, including Azure AI Studio and Copilot Studio, developer platforms for building apps that leverage generative AI. At its Build 2024 conference, the company also announced it is going into preview with its Azure virtual machines (VMs), the first platform to use the powerful Arm-based Cobalt 100 cloud processors developed by Microsoft, which shared that plan at its November Ignite conference. Other Build highlights include the general availability of OpenAI’s new GPT-4o flagship model across the Azure OpenAI Service and the new multimodal Phi-3-vision SLM. Continue reading Microsoft Upgrades Azure AI Stack, Previews Cobalt 100 VMs

Autodesk is going all-in on artificial intelligence with the acquisition of AI startup Wonder Dynamics, maker of the Wonder Studio VFX tool. Autodesk — whose products include Maya, 3ds Max and Flame — worked with Wonder on a Maya plug-in last year and appears to have been impressed. Wonder Studio was purpose-built to be compatible with 3D tools like Maya, largely automating the process of putting 3D characters within live-action scenes. Terms of the deal were not disclosed, and Autodesk did not detail plans for integrating Wonder Dynamics, but it’s likely the company’s AI expertise will make itself felt across the portfolio. Continue reading Autodesk Buys Wonder Dynamics, AI VFX App Wonder Studio

Microsoft is debuting a new category of Windows PCs optimized for artificial intelligence. Called Copilot+ PCs, the tech giant is initially introducing it on Surface devices and through OEMs Acer, Asus, Dell, HP, Lenovo and Samsung. Availability begins June 18, with pre-orders starting now at prices of $999 and up. Microsoft says the new architeccture powers “the fastest, most intelligent Windows PCs ever built,” with silicon capable of 40+ TOPS (trillion operations per second) as well as “all–day battery life and access to the most advanced AI models.” The company describes this new wave of PCs as “just the beginning.” Continue reading Microsoft Pivots Windows to AI OS, Launching Copilot+ PCs

France has been pursuing Big Tech and Microsoft and Amazon are among the first to express interest. Microsoft has committed $4.3 billion to expand cloud and AI infrastructure there, sharing plans to bring as many as 25,000 advanced GPUs to France by the close of 2025. The software giant will also train one million people for AI and data jobs while supporting 2,500 AI startups over the next three years. Meanwhile, Amazon announced that it would invest up to $1.3 billion to expand its existing footprint of 35 logistics facilities in the country. The deals were announced Monday during the Choose France summit hosted by French President Emmanuel Macron. Continue reading Microsoft, Amazon Commit to Expanding Operations in France

This week Microsoft announced plans to help establish Southeast Wisconsin “as a hub for AI-powered economic activity, innovation, and job creation,” according to the company’s press release. As part of the broad investment package, the tech giant is planning “$3.3 billion in cloud computing and AI infrastructure, the creation of the country’s first manufacturing-focused AI co-innovation lab, and an AI skilling initiative to equip more than 100,000 of the state’s residents with essential AI skills.” Microsoft’s new data center campus will replace the failed $10 billion Foxconn LCD manufacturing center planned for Mount Pleasant, situated in Racine County. Continue reading Microsoft to Invest $3.3 Billion in Building New AI Data Center

Amazon Web Services has added Bedrock Studio to the lineup of offerings at Bedrock, its cloud-based managed service for artificial intelligence. Available beginning this week in public preview, Bedrock Studio aims to greatly simplify the development of artificial intelligence apps for its subscribers, allowing them to get going “within minutes,” according to AWS. Developers can log in to the Amazon Bedrock Studio web experience using single sign-on (SSO) company credentials “and instantly start experimenting with Bedrock FMs and tools to build applications,” the cloud giant says, describing the studio as a “rapid prototyping environment” for generative AI. Continue reading AWS Simplifies AI Development with Amazon Bedrock Studio

Google introduced Threat Intelligence at the RSA Conference in San Francisco this week. Claiming actionable information at “visibility only Google can deliver, based on billions of signals across devices and emails,” Threat Intelligence draws on the capabilities of the company’s Gemini LLMs, Mandiant cybersecurity arm, and cloud-based VirusTotal tool. An AI-powered Gemini agent “provides conversational search” across the repository of Threat Intelligence, “enabling customers to gain insights and protect themselves from threats faster than ever before,” Google says in a move to empower even small teams without IT departments with threat protection. Continue reading Google Taps AI for Its ‘Threat Intelligence’ Cybersecurity Plan

Amazon has pulled the plug on CodeWhisperer, which has been incorporated into its Q Developer product, announced at November’s re:Invent as part of an AI-powered AWS enterprise suite called Amazon Q, which also includes Q Business. Both Q Developer, which enables natural language coding, and Q Business, a data-driven productivity tool are now in general release, and Q Apps has just been added in preview, letting employees “build generative AI-powered apps from their company’s data, without any prior coding experience.” The move comes as Amazon seeks to gain ground on the Microsoft-owned GitHub’s AI coding products. Continue reading AWS CodeWhisperer Is Rebranded as Part of Amazon Q Suite