Truncated: latest AI news

Thursday 5 November

Watch Tech Investor Dan Niles: AI Revenue Slowdown Demands Stock Picking

AI-generated summary Niles Investment Management Founder and veteran tech investor Dan Niles states that competition from open-source models is weighing on token prices and slowing revenue growth at leading artificial intelligence companies. He argues that steeper financing costs and postponed public listings mean valuations must adjust, requiring investors to be more selective rather than treating all artificial intelligence assets as potential investment opportunities.

Meta Exec Says A Recently Elected, Data Center-Skeptic Democratic Governor Now Wants To Meet After Inauguration, As 22.5 GW Of Capacity Is Still Slated To Come Online Regardless Of Politics

AI-generated summary Meta says a newly elected Democratic governor who had previously criticized data centers has reached out for a meeting after their inauguration. Aterio reports that 22.5 GW of data center capacity is already at or above a 75 percent completion rate and will still come online.

Anthropic IPO Faces $500 Billion Valuation Hit After Tech Stocks Plunge

AI-generated summary Anthropic filed for its initial public offering on Oct. 26 without setting a price range or stating the size and valuation of its listing. Media reports indicate that a major tech stock selloff on Thursday could impact the timing and valuation of the planned offering.

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Australian universities are creating AI-native graduates

AI-generated summary OpenAI says Australian universities including UNSW Sydney, University of Sydney, La Trobe University, and Adelaide University are collaborating with OpenAI to provide students and staff with access to artificial intelligence tools. OpenAI says new research reveals that 81 percent of surveyed Australian university students already use artificial intelligence several times a week and 61 percent believe these skills are essential for their future careers.