Elon Musk’s AI Startup Intends To Raise $6 Billion And Compete With OpenAI

Elon Musk's xAI startup is in talks to raise up to $6 billion as the billionaire looks to global investors, particularly Hong Kong, to fund his OpenAI rival project. Representatives of the xAI company held negotiations with several potential investors in Hong Kong in the hope of raising up to $6 billion while valuing the startup itself at $20 billion - negotiations have not yet been completed, and Musk is still assessing investor sentiment. Sovereign wealth funds in the Middle East, investors in Japan and South Korea can also become partners of xAI. A US artificial intelligence company raising funds in Hong Kong could backfire due to geopolitical tensions between the US and China.

Google Introduced Lumier: An Advanced AI For Video Creation

Google Introduced Lumier: An Advanced AI For Video CreationGoogle demonstrated the operation of the Lumiere spatiotemporal diffusion model. The new AI tool can create amazingly realistic videos up to five seconds long. The neural network animates still images or just parts of them in response to text prompts in natural language.

Google Terminated Contract With Appen: The Company Which Helped To Train Bard AI

Google has stopped working with the Australian firm Appen, which prepared data for training artificial intelligence language models, including the Bard chatbot and the Google search engine. “The decision to terminate the contract was made as part of our ongoing efforts to re-evaluate and adjust many of Alphabet’s supplier partnerships to ensure that our interactions with suppliers are as effective as possible,” Google spokesperson Courtenay Mencini said in a statement to The Verge. Appen notified the Australian Securities Exchange (ASX), saying it had "no prior knowledge of Google's decision to terminate the contract."

Disney Created The World’s First VR Floor For Moving In Place

The development of virtual reality technologies is inspiring researchers to come up with many creative solutions to various problems. One of the key problems is movement. Full immersion is difficult if the user is sitting on the couch while their avatar is moving around. The recently introduced HoloTile system offers an elegant solution. It consists of hundreds of small round “tiles”, each of which serves as a kind of miniature omnidirectional treadmill. The surface consists of modules that automatically adapt to the object located on them and, rotating, return it to its original position. Several people can be on the surface at once.

Waymo Intends To Launch A Robotaxi Service In Los Angeles

The company Waymo, specializing in the development of autonomous driving technologies, plans to launch a robotaxi service in Los Angeles (USA). Now the company is only testing its unmanned passenger vehicles in this city. The company plans to obtain a license to carry out this type of activity in Los Angeles in order to expand the geography and volume of services provided. The company's unmanned electric Jaguar I-Pace crossovers, complemented by an unmanned driving system, have been tested here for about a year now.

Bitcoin Continued To Decline And Almost Reached $40,000

Bitcoin is experiencing significant selling pressure. On Thursday, its price fell 3.45% to below $41,000, extending Bitcoin's weekly losses to more than 10%. At the same time, the daily minimum was $40,631. The negative dynamics of Bitcoin affected the shares of cryptocurrency-related companies. Coinbase and MicroStrategy ended the trading day down 7% and 2%, respectively. Miners CleanSpark and Marathon Digital each lost more than 6%, Riot Platforms fell 5%, and Iris Energy fell 8%. Experts note that the unrealized profit of short-term Bitcoin holders in December was 48%, and this week it dropped to 16%.