OpenAI now supplies the image models inside Adobe’s creative studio
Artificial Intelligence
Cognition’s valuation doubled in 15 weeks. So did its revenue, and the multiple barely moved.
Artificial IntelligenceLatest news
ARTIFICIAL INTELLIGENCE
Ineffable Intelligence names six cofounders, Fortune reports
David Silver has named six new Ineffable Intelligence cofounders, four of them from Google DeepMind, at a company that is ten months old and has no product. Three worked on AlphaStar with him. Fortune reported the hires, which the six confirmed by quietly updating LinkedIn.
INVESTORS AND FUNDING
Analog Devices will pay $1.35bn for edge AI chipmaker Alif Semiconductor
The same week banks lent $3.1bn against Nvidia GPUs, a chipmaker spent a comparable sum on running AI in milliwatts.
ARTIFICIAL INTELLIGENCE
Google and Accenture are putting 1,000 engineers inside client offices
Accenture and Google Cloud have formed a unit that will train up to 1,000 forward-deployed engineers to install Gemini Enterprise inside client companies. It is the fifth version of the same bet this year, after Microsoft, AWS, Anthropic and TCS all concluded that AI returns need people on site.
SEMICONDUCTORS
Kawasaki signed an AI chip deal with a startup the Pentagon backs
EdgeCortix will put its chips into Kawasaki's aerial defence platforms under a three-year agreement worth several million dollars. The same small company flew hardware with the US Air Force in June, holds a Pentagon Success Memorandum, takes Japanese state research money and has Indian strategic investment.
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