The world of artificial intelligence is rapidly evolving, with new breakthroughs and innovations emerging every day. In this news brief, we'll take a closer look at the latest developments in AI, from the upcoming IPO of CoreWeave to the use of AI in biomedical research.
CoreWeave to Ask for $47 to $55 per Share in IPO
CoreWeave, the artificial intelligence startup backed by Nvidia, is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week. The price range would translate into an offering of $2.3 billion to $2.7 billion for CoreWeave. The company provides access to data centers and high-powered chips for AI workloads, mainly supplied by Nvidia, and competes against cloud providers such as Microsoft's Azure and Amazon's AWS.
Newsom's AI Panel Wants More Transparency from Companies and Testing of Models
A group of academic experts has urged state lawmakers to require testing of AI models. The group, formed by Gov. Gavin Newsom last year, has issued a draft report that pushes for greater transparency in how AI models are made and operated. The proposed steps will lead to advances in both innovation and public trust.
Elon Musk’s xAI and Nvidia Join BlackRock and Microsoft’s $30bn AI Fund
Elon Musk’s xAI and Nvidia join BlackRock and Microsoft’s $30bn AI fund. Tech groups and financial institutions are joining forces to build data centers and energy projects to underpin the AI boom.
Meet This Under-the-Radar AI IPO Stock Growing Its Revenue 737%
Is the market for initial public offerings (IPOs) finally coming out of its slumber? Spurred on by the growth of artificial intelligence (AI), it just might be. CoreWeave, an AI infrastructure start-up backed by Nvidia, is trying to compete with the hyperscaler cloud computing providers by building data centers and computing clusters custom-made for AI.
New AI Tool Tests Drinking Water Quality
A new AI tool could make your drinking water safer. Within Lake Champlain and surrounding waterbodies are water sensors that measure water quality. Now, new tech out of the University of Vermont could predict and prevent threats to water supplies.
Latest News In AI Chips - Revolutionizing AI Factory Power with Digital Twin Technology
Schneider Electric and ETAP have launched the world’s first digital twin specifically designed to simulate the power requirements of AI factories from the grid to the chip level, utilizing NVIDIA Omniverse technology.
This Strategy Helps Humanize Your AI-Generated Content
Think AI will solve all your writing problems? Think again. AI is everywhere, but it hasn’t solved writing problems. Sure, AI is great at the surface-level stuff, like proofreading or spitting out ideas. But that’s just it—they’re tools. You still need to hone the skills AI can’t touch.
Synchron’s Brain-Computer Interface Now Has Nvidia’s AI
Neurotech company Synchron has unveiled the latest version of its brain-computer interface, which uses technology to enable individuals with paralysis to control digital and physical environments with their thoughts.
Enterprise AI Buyers’ Guide: What You Need To Know Before You Commit
The AI boom isn’t the first we’ve seen, but this time, it’s more than just hype. Before you commit to a vendor or an AI stack, read this to know what to expect and how to get more.
How Artificial Intelligence is Changing Biomedical Research
Columbia researchers are using AI to unravel genetic mysteries behind cancer, Alzheimer’s, and more. Gone are the days when biomedical researchers spent all their time scrutinizing test tubes, culturing microorganisms, and counting cells by hand.
Key Takeaways
- The AI boom is not just hype, but a seismic shift in how businesses operate.
- CoreWeave, an AI infrastructure start-up backed by Nvidia, is planning to ask investors to pay $47 to $55 for each of its shares in its upcoming IPO.
- A group of academic experts has urged state lawmakers to require testing of AI models and greater transparency in how AI models are made and operated.
- Tech groups and financial institutions are joining forces to build data centers and energy projects to underpin the AI boom.
- A new AI tool could make your drinking water safer by predicting and preventing threats to water supplies.
- Schneider Electric and ETAP have launched the world’s first digital twin specifically designed to simulate the power requirements of AI factories from the grid to the chip level.
- AI is not a replacement for human skills, but a tool to be used in conjunction with them.
- The use of AI in biomedical research is transforming the field and leading to new breakthroughs and innovations.
- The AI boom is not just about technology, but about how businesses operate and how they can use AI to gain a competitive edge.
Sources
- Exclusive: CoreWeave to ask for $47 to $55 per share in IPO, sources say
- Newsom's AI panel wants more transparency from companies and testing of models
- Elon Musk’s xAI and Nvidia join BlackRock and Microsoft’s $30bn AI fund
- Meet This Under-the-Radar AI IPO Stock Growing Its Revenue 737%
- New AI tool tests drinking water quality
- Latest News In AI Chips - Revolutionizing AI Factory Power with Digital Twin Technology
- This Strategy Helps Humanize Your AI-Generated Content
- Synchron’s Brain-Computer Interface Now Has Nvidia’s AI
- Enterprise AI Buyers’ Guide: What You Need To Know Before You Commit
- How Artificial Intelligence is Changing Biomedical Research