Nebius, the company formerly known as Yandex that’s now focused on cloud infrastructure for AI uses (aka “AI compute”), is to begin trading on the public markets once again — more than two years after the Nasdaq halted trading due to economic sanctions imposed in the wake of Russia’s Ukraine invasion in 2022. The Netherlands-based company […]
The surprising way OpenAI could get out of its pact with Microsoft
The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and, increasingly, rival, Microsoft, reporting their five-year romance has cooled owing to financial pressure on OpenAI, the limited computing power Microsoft is providing OpenAI, and disagreements between the two about ground rules. Most fascinating perhaps is […]
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $ 22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s aggressive acquisition of more than two […]
Former watch trader is now building the AWS of grid storage, Terralyr
Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He […]
Experts say OpenAI’s patent pledge amounts to little more than ‘virtue signaling’
This week, OpenAI quietly published a statement on its website pledging not to use its patents offensively. Asserting its commitment to the principles of “broad access” and “collaboration,” OpenAI said that it would only use its patents in a way that supports innovation. “We pledge to only use our patents defensively, so long as a […]