Truncated: latest AI news

Yesterday · Tue 10 Nov

Bilt CEO Ankur Jain is betting AI and sports fandom can drive local spending—starting with free beers when the home team wins

Bilt founder and CEO Ankur Jain stands on a stage.

AI-generated summary Rewards platform Bilt is expanding a neighborhood operating system that uses artificial intelligence to connect professional sports teams and local businesses with fans through personalized rewards and loyalty programs. Bilt CEO Ankur Jain says artificial intelligence is an integral part of helping small businesses manage multiple software platforms and attract local customers.

Flash, a software sauce, and a guy named Gary: AMD’s Mext acquisition looks set to reshape AI memory costs

AI-generated summary AMD acquired storage software startup Mext to utilize its memory optimization technology and proprietary AI to improve AI infrastructure performance. Gary Smerdon says the software uses a transformer-derived system to predict memory needs and expand usable memory by making flash storage function like DRAM.

Also covered by Wccftech The Register

NVIDIA CEO Huang's Troubles Send Shockwaves Across AI Chip Supply Chains As Chatter Starts About Firm Losing Dominance To Custom ASIC AI Chips

AI-generated summary NVIDIA is facing supply chain concerns and potential order slowdowns following troubles involving CEO Jensen Huang and China-related chip sales. Supply chain sources believe that competitors like AMD and custom ASIC developers such as MediaTek and Broadcom could benefit from freed production capacity.