Tech Giants join forces to challenge NVIDIA’s dominance

Today’s Highlights:

📰 News: Stability AI’s CEO resigns + Major Tech companies join forces to challenge NVIDIA

💰 Funding: FTX finally sells $800M+ stake in Anthropic

⚡️ Top News Stories:

1. Stability AI's CEO Emad Mostaque resigns to explore decentralized AI, amid leadership changes and the departure of key researchers.

• Stability AI has appointed their COO and CTO as interim co-CEOs while searching for a permanent CEO, with the company aiming to continue developing commercialized AI products.

• Mostaque's departure follows a week of significant changes in the AI startup world, including the resignation of key Stability AI researchers and a major talent acquisition by Microsoft from Inflection AI.

2. Major tech companies, including Intel, Google, Arm, Qualcomm, and Samsung, are collaborating to challenge Nvidia's dominance in the AI market by developing an open-source software suite.

• The Unified Acceleration Foundation (UXL) aims to create software that allows AI developers to run their code on any machine and with any chip, avoiding lock-in with Nvidia’s proprietary technology.

• UXL's project, leveraging Intel's OneAPI open standard, seeks to eliminate dependencies on specific coding languages and architectures, such as Nvidia’s CUDA platform.

3. With ambitions to revolutionize the movie industry, OpenAI courts Hollywood studios and directors for AI integration in films.

4. Zoom has announced Zoom Workplace, an AI-powered collaborative platform that consolidates its AI tools, including a virtual assistant and new features to enhance team workflows.

5. Financial Times introduces Ask FT, a chatbot powered by Anthropic's Claude model that leverages decades of its journalism to provide subscribers with accurate, AI-generated answers.

6. Worldcoin, the startup backed by Sam Altman, open sources the software components for its privacy-focused eyeball scanner designed to prove your humanness 

7. Neuralink debuts video of first human trial showcasing paralyzed patient playing chess

💰 Top Funding News:

1. FTX, the bankrupt crypto exchange, has agreed to sell the majority of its stake in AI startup Anthropic for $884M to a consortium of buyers.

2. HeyGen, a startup specializing in AI to create avatars and voices for videos, is in the process of raising $60M at a pre-investment valuation of $440M, led by Benchmark.

3. Eliyan, which specializes in chiplet interconnect technology, enhancing the processing speed for AI chips, raised $60M in funding, co-led by Samsung Catalyst Fund and Tiger Global Management.

4. Profluent, a startup aimed to revolutionize drug development by using generative AI to design proteins and gene-editing systems for custom-fit treatments, raised $35M in funding, led by Spark Capital, w/ Insight Partners, Air Street Capital, AIX Ventures, Convergent Ventures, and from Google's chief scientist Jeff Dean. 

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