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nvidia reportedly acquiring lepton ai for several hundred million dollars

OpenAI's ChatGPT image generation feature delayed due to high demand, previously expected to roll out to free users soon. Let’s dive deeper…

In today's ContentBuffer update:

  • nvidia acquires lepton ai to expand server rental business

  • ChatGPT's image generation feature delayed due to high demand

  • Island secures $250m in series e round, valued at $4.85 billion

  • Apple promotes 'Severance' with fake computer sale

  • DOGE's ties to Silicon Valley revealed

  • China's AI-driven censorship evolves

  • 5 new AI tools & 5 new AI jobs

  • More tech news

Latest Development

Artificial Intelligence

Image source: TechCrunch

Summary: nvidia acquires lepton ai for several hundred million dollars, expanding its server rental business and increasing its presence in the ai chip market

Key Points:

  • Nvidia will acquire Lepton AI to expand its server rental business and increase its presence in the AI chip market.

  • The deal is reportedly worth several hundred million dollars, according to unnamed sources.

  • Lepton AI was founded two years ago and raised an $11 million seed round in May 2023 from CRV and Fusion Fund.

Why it matters: This acquisition highlights Nvidia's continued expansion into the server rental market, further solidifying its position as a major player in the ai chip industry.

Ai

Image source: TechCrunch

Summary: OpenAI delays ChatGPT's image generation feature due to high demand. The feature will initially be available to subscribers only.

Key Points:

  • ChatGPT's image generation feature is more popular than expected, leading to the delay.

  • The feature was previously expected to roll out to all tiers of ChatGPT soon.

  • OpenAI has faced similar hiccups around product launches in recent months, citing lack of compute capacity as a reason.

Why it matters: The delay highlights the high demand for ChatGPT's image generation feature and OpenAI's need to scale up its infrastructure to meet user expectations.

Tech Funding

Image source: TechCrunch

Summary: The startup has built online browsers designed for enterprises and focuses on security, with features like universal application access control, device visibility, and management.

Key Points:

  • Island raised $250 million in a Series E round led by Coatue, valuing the company at $4.85 billion.

  • This brings the total funding to $730 million, less than one year after its last fundraise.

  • The startup has built online browsers designed for enterprises and focuses on security, with features like universal application access control, device visibility, and management.

Why it matters: Island's significant valuation increase highlights the growing demand for secure enterprise browsers and the company's unique value proposition in this space.

Tech Entertainment

Image source: TechCrunch

Summary: Apple promotes its hit show 'Severance' with a fake computer sale on its website. The Lumon Terminal Pro is not available for purchase, but instead, encourages viewers to sign up for the streaming service Apple TV+. This move highlights Apple's growing focus on its services business, which reached $26.34 billion in the latest quarter.

Key Points:

  • Apple promotes 'Severance' with a fake computer sale

  • The Lumon Terminal Pro is not available for purchase

  • The appearance serves as an advertisement for Apple TV+

  • 'Severance' is now Apple's most-watched TV series ever

Why it matters: Apple's marketing move demonstrates its commitment to promoting its original content and growing its services business.

Silicon_valley_connections_to_doge

Image source: TechCrunch

Summary: A DOGE official worked for ZBiotics and Human Capital, highlighting connections between the organizations. The official's experience in auditing contracts and programs at the Department of Education reveals the potential impact of DOGE's access to privileged information.

Key Points:

  • Adam Ramada, a DOGE official, worked for ZBiotics, a probiotic drink company that received funding from Silicon Valley investors.

  • Ramada also worked for Human Capital, advising portfolio companies on talent and HR, revealing DOGE's ties to the venture capital firm.

  • DOGE's access to privileged information at the Department of Education could have significant implications for education policy.

Why it matters: The connections between DOGE and Silicon Valley highlight the potential influence of the organization on education policy and funding decisions.

Digital Surveillance

Image source: TechCrunch

Summary: China uses AI to monitor social media conversations, forward critical comments to the government, and generate highly critical comments about prominent Chinese dissidents. This technology can improve over time by consuming more data.

Key Points:

  • AI-powered censorship allows for more efficient monitoring of online content

  • This technology can be used to suppress dissenting voices and maintain a positive public image for the Chinese government

  • The use of AI in censorship makes it difficult to detect and circumvent

Why it matters: The increasing reliance on AI-powered censorship highlights the importance of developing strategies to counter these efforts and protect online freedom of speech.

New Tools & Job

  • Toggl - Senior Backend Engineer (Toggl Hire)

  • MapTiler - πŸ—Ί Maps Search Engineer - Europe only

  • Missive - Senior Backend Software Developer

  • OnTheGoSystems - AI Developer

  • Gymdesk - Mid-level PHP Developer for B2B SaaS

QUICK HITS

  • πŸ“° Co-founder and managing partner at Tusk Venture Partners says venture capital as we know it is dead. read more

  • πŸ’» GetReal, a company that specializes in detecting deepfakes, has raised $17.5 million in Series A funding. read more

  • πŸ‘₯ A new social app, Sez Us, hopes to break the cycle of rage-baiting on social media by incentivizing users to rate posts for approval and politeness. read more

  • πŸ“Ή youtube is updating its view count metric for youtube shorts to show creators how often their short-form content is seen. read more

  • 🚨 Waze discontinues Google Assistant feature due to ongoing issues, replaces it with an enhanced voice interaction solution. read more

Read more news here β†’

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