Showing posts with the label Funding

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Robots, churros and supercomputers!

Did you know that Europe is about to become the new Silicon Valley, but without so much traffic and with more paellas? It turns out that the European Union, in its infinite wisdom (and desire not to be left behind in the technological race), has decided to invest a fortune in creating things called "AI factories." Spain promotes one of the first proposals to create AI factories funded by the EU Imagine a factory, but instead of producing cars or shoes, it produces artificial intelligence! And what is that? Well, it's like having a giant brain in a computer, capable of learning and doing incredible things, like writing poems, composing music or even diagnosing diseases. Why so much excitement about thinking robots? Because artificial intelligence is the new electricity. Everyone wants a piece of it, and Europe doesn't want to be left behind. So they've decided to pit a bunch of countries against each other to see who can build the best AI factories. Spain, alwa...

Money? Take It! There's Enough!

Or, How OpenAI is Proving Money Can Buy You Anything (Except Happiness) Money, Money, Money: How OpenAI is Proving AI is the New Gold Rush Let's talk about money. Lots of it. Like, so much money, it's starting to feel like a bad joke. Because who knew AI could be such a cash cow? I mean, I thought robots were supposed to replace jobs, not fund them. Apparently, I was wrong. OpenAI, the AI company that's basically the Elon Musk of the AI world, just got a massive cash injection. We're talking billions here, folks. Billions! It's like winning the lottery, but instead of buying a yacht and a pet monkey, they're probably just going to invest it in more AI. Because why not? So, where did all this money come from? Well, let's just say the world's biggest companies are throwing their wallets at OpenAI like it's a wishing well. Microsoft, Google, you name it - they're all in. It's like a giant AI popularity contest, and OpenAI is winning by a...

Sam Altman: OpenAI Can't Get Enough!

So, let's talk about OpenAI, shall we? This little startup that could, or should I say, has and has and has . It's like the kid in your class who always got the best grades, the cutest girlfriend, and the lead role in the school play. And now, it's got more money than it knows what to do with. Sam Altman, OpenAI Can't Get Enough! I mean, $157 billion? That’s more zeros than I can count on my fingers and toes, combined. It's like winning the lottery, but instead of buying a yacht and a private island, they're investing in... more AI . Talk about a case of "if it ain't broke, don't fix it," right? But hey, who am I to judge? I'm just a guy who can barely figure out how to work his coffee machine. Maybe these AI geniuses know something I don't. Maybe they're planning to build an AI that can do my taxes, walk my dog, and make me laugh. I'd be down for that. Speaking of laughter, let's talk about the leadership at OpenAI. I...

OpenAI Science Fiction tech bubble?

So, you want to invest in a company that's basically trying to build a sentient overlord? Great! OpenAI is here for you! For a mere 157 billion dollars, you can be part of the team that's bringing us one step closer to a future where machines not only think but also feel – probably a deep-seated resentment towards their organic creators. Open AI - Comparison to other tech bubbles Let's unpack this. OpenAI is like a particularly ambitious science fair project that's somehow managed to secure a small country's GDP. They've got these AI models that can do everything from writing sonnets to predicting the stock market. It's like having a super-intelligent parrot that can also do your taxes.  But here's the thing: nobody really knows what they're doing. The company's leadership is a revolving door, and the business model is as clear as mud. It's like trying to value a cloud – you can't touch it, you can't see it, but somehow it's wo...