The race between the world’s two biggest economies to dominate AI recently escalated with new accusations and raised the question of how China came to rival the U.S.’s AI capabilities. Six Chinese AI companies, U.S. officials alleged earlier this week, found a shortcut to closing the gap with American AI labs by buying bulk subscriptions
On August 4, Grant De Swardt, an independent AI consultant in East Sussex, U.K., noticed something strange going on with his Claude Max 20x account. He hadn’t been working that day, yet his token usage was climbing. The next day, he disabled everything he had attached to Claude and did not work with it. Token
Based out of Abu Dhabi Global Market (ADGM), the emirate’s financial centre, Coinbase has been granted a license to arrange investment deals and provide custody for tokenized securities. Custody essentially means safely holding and managing the digital ownership records for assets and is therefore important for giving institutional investors confidence. Tokenization has been rapidly gaining
Uber believes it’s found a solution to its AI spending problem after it blew through its budget for the technology in just the first few months of the year. In an interview with The Information earlier this year, Uber chief technology officer Praveen Neppalli Naga admitted he went “back to the drawing board” on allotted
AI tokens are on the minds of many CFOs. The president of OpenAI predicts that within a year they will no longer be thinking about them. Bret Taylor, founder of AI startup Sierra and board leader of OpenAI, said many of the “problems” around tokenomics are because the AI market has not yet reached maturity.
For months, Kleiner Perkins partner Aditya Naganath had been mulling over his investing thesis that the next wave of AI wasn’t going to be a chatbot—it was going to be software that does the work autonomously, for hours at a time, across thousands of tasks at once. The trouble was, nobody had built the plumbing
