Truncated: latest AI news

Thursday 5 November

How the midterms could fuel the K-shaped AI trade

AI-generated summary CoreWeave, Nebius, and Iren shares became available after falling at least 30% in October as tightening credit markets raised funding questions. JPMorgan Asset Management says financially stronger hyperscalers could secure cheaper capacity or acquire assets if weaker operators scale back.

Also covered by PYMNTS.com Fast Company forbes.com
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Elon Musk Is Afraid Of Power Being "Concentrated" In My Hands, Says Sam Altman, Even As Both Have Similar Fears About AI

AI-generated summary OpenAI makes products available while Sam Altman and Elon Musk develop competing technologies amidst ongoing concerns regarding concentrated power. Sam Altman states that Elon Musk and former coworkers build rival systems because they believe high stakes require multiple competing approaches.

Also covered by techradar.com

Big Tech’s big AI buildout will not end until someone stops it

Graphic image of a data center.

AI-generated summary Amazon, Microsoft, Alphabet, and Meta announced plans to spend at least $720 billion on capital expenditures this year alone, with most funds directed toward artificial intelligence infrastructure. The spending plans triggered a sharp selloff in tech stocks as investors question when they might expect to see a return on investment from artificial intelligence.

Also covered by Bloomberg ft.com Tech Policy Press

A Closer Look at Phonon TTS. Launching High-Quality On-Device Speech That Tops the Benchmarks.

AI-generated summary Hugging Face launched the Phonon text-to-speech model, which runs locally on user devices without needing a network connection. Hugging Face says the model was downloaded over 200,000 times in its first two weeks and ranks at the top of the Open TTS Leaderboard CPU streaming benchmark for time-to-first audio.

Memrise co-founder's Mindmax raises $3.3M. Can AI tutoring help with 'cognitive surrender'? — TFN

AI-generated summary Mindmax has launched its AI tutor application globally on both the App Store and the Play Store following a pre-seed funding round. The company states that the product provides interactive lessons with visual explanations and illustrations for professional exam preparation and upskilling.

Also covered by sifted.eu Tech.eu