Business Insider · Thu 5 Nov

Thursday 5 November

Thinking Machines Lab is closing in on a new $5 billion funding round at a $40 billion valuation

AI-generated summary AI startup Thinking Machines Lab is reportedly closing in on a new $5 billion funding round at a $40 billion valuation led by Accel. The company recently released a new version of its Tinker tool, which is a system designed to help users fine-tune large language AI models.

Also covered by Tech Funding News SiliconANGLE

Anthropic rapidly accelerating AI development amid slowdown calls, group says

AI-generated summary An analysis released Thursday by an independent monitoring group states that Anthropic is developing its artificial intelligence systems around twice as quickly as it was a year ago. Model Evaluation and Threat Research researchers estimated that the acceleration is largely due to the help of artificial intelligence itself, despite CEO Dario Amodei calling to slow down model capabilities.

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‘Total repudiation’: The blue wave is about to hit AI

Repeated pattern of voting booths.

AI-generated summary Following the midterm elections, artificial intelligence companies face potential regulation and data center construction slowdowns after a wave of Democrats campaigned against them. Meta platforms president Dina Powell McCormick says many are considering moving data center construction abroad, while OpenAI and Anthropic did not provide comments.

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Big Tech braces for a bluer Washington

AI-generated summary More than 130 Democratic candidates ran anti-tech advertisements during this cycle as public resentment against artificial intelligence grows. OpenAI recently hired the former Army secretary while technology firms prepare for a potential regulatory shift in Washington.

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‘Sad and devastated’: Canva cuts hit staff and Australian tech overall

The Sydney Morning Herald logo

AI-generated summary Canva chief executive Melanie Perkins told staff that 1271 people would be affected by a restructuring after growth slowed this year. Dunja Popovs was among the workers losing their job at the design software maker, according to the report.

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The AI boom is turning fiber-optic cables into hot commodities

AI-generated summary Corning is investing $585 million in expanding manufacturing in North Carolina to meet increasing demands for fiber-optic cables from companies such as Amazon, Meta, and Nvidia. Relativity Networks developed a hollow-core fiber called ChronoCore and partnered with Prysmian to scale production and connect data centers faster.

Also covered by forbes.com Ars Technica

OpenAI to Change How It Handles Data Center Efforts After Outcry

AI-generated summary OpenAI announced it will avoid nondisclosure agreements during data center negotiations and ensure residents do not pay for project electricity. The company states this framework should be adopted into laws governing the expansion of artificial intelligence following recent voter decisions.

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Activists across Europe prepare two days of protests against datacentres

AI-generated summary Activists across Europe will hold two days of protests against datacentres this week to call for a halt to major artificial intelligence projects. Owen Espley says communities and civil society are rising up to demand politicians impose moratoria on large-scale datacentre developments.

Also covered by The Verge Kotaku datacenterdynamics.com Futurism TNW | Microsoft Business Insider
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