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Xiaomi’s new Xring O3 is built at TSMC, and aimed at a few hundred thousand phones

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Xiaomi has launched the Xring O3, a system-on-chip that TSMC will manufacture on its 3-nanometre process, according to two people familiar with the matter who spoke to Reuters. The chip pulls computing, graphics, AI processing, and imaging onto a single die and arrives during a difficult stretch for the handset business it is meant to differentiate, with […]

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How GoFundMe became America’s backup plan

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Today on Decoder, I’m talking with Tim Cadogan, the CEO of GoFundMe. You know GoFundMe — it’s a major fundraising platform where you can donate to help people with everything from medical expenses to little league uniforms to starting a new business. Tim took over as CEO in March 2020 — a fascinating and chaotic […]

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Thomson Reuters built its own model on a Chinese open base

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Thomson Reuters launched its first proprietary large language model on Monday. The company calls it Thomson. It says it spent $40mn on talent and compute to train the model, and that it began from what its announcement describes as “a strong open-source foundation”. The announcement does not say which foundation. Its chief technology officer named […]

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Hugging Face explores a sale at a $13bn valuation, nearly triple its last one

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Hugging Face has retained bankers to test the market for a sale at a valuation of $13bn or higher, according to Business Insider, which reported that talks are early and that no bidder has been identified. It is a striking development for a company that has spent the past decade positioning itself as the neutral ground […]

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Nvidia is in talks to back Perplexity at more than $30bn

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Nvidia has been discussing an investment in Perplexity that would value the AI search company at more than $30bn, according to The Information, which reported that the two sides also considered a technology licensing arrangement alongside the equity cheque. The talks are the latest turn in a relationship that already runs deeper than the usual […]

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New Zealand joins the global push to keep under-16s off social media

Business, Digital Marketing, Government and policy, SEO Tips, social media, Technology /

New Zealand will introduce a bill requiring platforms to verify users are over 16, though two of three coalition partners oppose it and no vote will happen before November’s election. France’s under-15 ban takes effect on 1 September with its age verification mandate stripped out. New Zealand will introduce a bill on Monday requiring social […]

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SoftBank plans record $6.3bn retail bond sale in Japan

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Next Featured, SEO Tips, Technology /

SoftBank plans a record 1 trillion yen retail bond sale, about $6.3bn, the largest by any issuer in Japan, to fund investment commitments to OpenAI. Analysts say banks were reluctant to take the risk, leaving the deal dependent on retail investors. SoftBank has found a lender of last resort for its AI bet, and it […]

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Employers are quietly rehiring the people AI replaced, and paying them less to come back

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Forrester reports that 55% of employers regret laying off workers for AI and expects half of AI-attributed layoffs to be quietly reversed, with jobs returning offshore or at significantly lower wages. In Europe, a revised directive will require consultation before such decisions, backed by financial penalties. The companies that cut jobs for AI are having […]

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

Artificial Intelligence, Business, China, Digital Marketing, SEO Tips, Technology /

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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