Share valuations based on past earnings have also reached their highest levels since the dotcom bubble 25 years ago, though the BoE noted they appear less extreme when based on investors’ expectations for future profits. “This, when combined with increasing concentration within market indices, leaves equity markets particularly exposed should expectations around the impact of… Read More »
On Monday, California Governor Gavin Newsom signed the Transparency in Frontier Artificial Intelligence Act into law, requiring AI companies to disclose their safety practices while stopping short of mandating actual safety testing. The law requires companies with annual revenues of at least $500 million to publish safety protocols on their websites and report incidents to… Read More »
The letter outlined not only the improper access engineers had to WhatsApp user data, but a variety of other shortcomings, including a “failure to inventory user data,” as required under privacy laws in California, the European Union, and the FTC settlement, failure to locate data storage, an absence of systems for monitoring user data access,… Read More »
“While TBD Labs is still relatively new, we believe it has the greatest compute-per-researcher in the industry, and that will only increase,” Meta said. Wang and other former Scale staffers have struggled with some of the idiosyncratic ways of working at Meta, according to someone familiar with his thinking, for example having to adjust to… Read More »
Still, the coincidence between Altman’s statement and the MIT report reportedly spooked tech stock investors earlier in the week, who have already been watching AI valuations climb to extraordinary heights. Palantir trades at 280 times forward earnings. During the dot-com peak, ratios of 30 to 40 times earnings marked bubble territory. The apparent contradiction in… Read More »
Even Space Race salaries were far cheaper The Apollo program offers another striking comparison. Neil Armstrong, the first human to walk on the moon, earned about $27,000 annually—roughly $244,639 in today’s money. His crewmates Buzz Aldrin and Michael Collins made even less, earning the equivalent of $168,737 and $155,373, respectively, in today’s dollars. Current NASA… Read More »
Wyoming’s data center boom Cheyenne is no stranger to data centers, having attracted facilities from Microsoft and Meta since 2012 due to its cool climate and energy access. However, the new project pushes the state into uncharted territory. While Wyoming is the nation’s third-biggest net energy supplier, producing 12 times more total energy than it… Read More »
Meta has developed plans to create a new artificial intelligence research lab dedicated to pursuing “superintelligence,” according to reporting from The New York Times. The social media giant chose 28-year-old Alexandr Wang, founder and CEO of Scale AI, to join the new lab as part of a broader reorganization of Meta’s AI efforts under CEO… Read More »
Meta constructed the Llama 4 models using a mixture-of-experts (MoE) architecture, which is one way around the limitations of running huge AI models. Think of MoE like having a large team of specialized workers; instead of everyone working on every task, only the relevant specialists activate for a specific job. For example, Llama 4 Maverick… Read More »
Microsoft Windows AI is watching A screenshot of Microsoft’s new “Recall” feature in action. Credit: Microsoft In an era where many people already feel like they have no privacy due to tech encroachments, Microsoft dialed it up to an extreme degree in May. That’s when Microsoft unveiled a controversial Windows 11 feature called “Recall” that… Read More »