Artificial Intelligence

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Harvey’s first in-house model for legal work is here

Harvey has launched Tenet, its first proprietary model for legal work, post-trained on Kimi K3, the open-weight model from Chinese startup Moonshot. The company is backed by OpenAI, whose models Tenet is designed to displace inside Harvey’s own product. Harvey has stopped renting the thing its business depends on. The legal software company has launched […]

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Alibaba is raising $10.2bn and spending all of it on AI

Alibaba is placing HK$80bn, about $10.2bn, of new shares in Hong Kong and says all net proceeds will go to AI infrastructure and capabilities. It comes days after the company reported a 75% fall in quarterly net profit driven by that same spending. Alibaba is going to the market for money to spend on AI, […]

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A lawsuit says Oura’s sleep stages are AI guesses with a coin flip’s odds

A proposed class action filed in San Francisco alleges Oura’s sleep staging is generated by AI estimates rather than measurement, and names Finnish parent Oura Health Oy as a defendant. Oura says it stands behind its science and accuracy claims. The number Oura puts on its own product pages is now the subject of a […]

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A free AI model is winning over developers. And nobody knows whose servers it runs on

An anonymous model called Ox Alpha appeared on OpenRouter last week, free to use with a million-token context window, and developers have been impressed. OpenRouter’s own listing says prompts and completions are retained by the unidentified provider. A model that nobody will take credit for is being tested across the industry. Ox Alpha appeared on […]

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Nvidia AI server prices are rising more than 15% from early next year

Nvidia’s largest customers have been notified that servers containing its AI chips will rise in price by more than 15% in many cases from early next year, driven by memory costs. The company reports quarterly earnings next week. Nvidia’s biggest customers have been told what the memory shortage is going to cost them. Servers containing […]

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Apollo finds AI is hitting paychecks rather than payrolls

An Apollo analysis of 321 occupations found that wages in jobs highly exposed to AI grew 6.7% more slowly after 2023, with no statistically significant employment effect. The gap was 10.7% in the lowest-paid quartile and absent in the highest. The first measurable mark AI has left on the labour market is not unemployment. Apollo’s […]

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China’s AI and chip firms are handing out shares to keep their engineers

Chinese chip companies are running unusually broad equity schemes to keep engineers, with Cambricon covering 85.3% of its workforce and AMEC more than 97%. Europe’s semiconductor sector has a talent gap estimated at 65,000 workers. Chinese chip companies are giving away equity at a scale that looks less like a bonus scheme and more like […]

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Betting brands are off Premier League shirts. Enterprise software moved in

Premier League clubs are playing this season without gambling brands on the front of matchday shirts, forcing eight of the 20 to find new partners at once. Fulham’s went to ClickHouse, an American data infrastructure company valued at $15bn. The most valuable advertising space in world sport has changed hands, and some of it went […]

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This startup is training an AI model on skin that stays alive for a month

Outer Biosciences has come out of stealth after four years, keeping surgically discarded human skin alive for up to a month and feeding the results into an AI model that predicts useful compounds. It has raised about $23mn and employs 19 people. A company in Massachusetts has spent four years keeping human skin alive outside […]

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Anthropic could raise $100bn, ten times Europe’s largest listing in decades

Anthropic could raise around $100bn in a listing as early as October, exceeding SpaceX’s record, with backers modelling a valuation of at least $2tn. The Financial Times reports that senior executives have not set a valuation target even privately. Anthropic’s listing now has a figure attached to it. Reports put the raise at around $100bn, […]

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