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  • πŸ—ž OpenAI's $40B Raise, Intel's CHIPS Funding, and Google's Gemini 2.0 Pro

πŸ—ž OpenAI's $40B Raise, Intel's CHIPS Funding, and Google's Gemini 2.0 Pro

AI Today: Market Movers and Tech Breakthroughs

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πŸ”Ž The Latest on the AI Frontier:

  • OpenAI's $40B SoftBank Round: Valuation could hit $340B for data center expansion

  • Intel Gets $2.2B CHIPS Boost: Funding backs US semiconductor manufacturing

  • Apple CEO on DeepSeek: Cook endorses cost-efficient AI development approach

  • Google's Gemini 2.0 Pro Launch: Enhanced model debuts for advanced users

  • DeepSeek Faces US Probe: Investigation into GPU smuggling allegations

  • Ai2 Releases TΓΌlu 3: Open-source model challenges DeepSeek performance

  • Other news you might find interesting

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πŸ’° OpenAI in discussions to secure $40B funding round led by SoftBank, potentially reaching $340B valuation

  • Company aims to raise between $15B-$25B from SoftBank alone, marking a significant jump from its $157B October valuation.

  • 2024 financial performance shows $3.7B in revenue against $5B in losses, highlighting aggressive growth strategy.

  • Capital would support operational costs and fund Stargate project - a nationwide AI data center infrastructure initiative.

πŸ“ˆ Intel secures $2.2B in CHIPS Act funding for domestic semiconductor manufacturing expansion

  • Company received initial $1.1B in late 2024, followed by another $1.1B in January 2025, with $5.66B more pending distribution.

  • Funds will support manufacturing and advanced packaging operations across facilities in Arizona, New Mexico, Ohio, and Oregon.

  • Despite potential uncertainty around Trump administration's proposed federal funding freeze, Intel's leadership expresses optimism about continued U.S. semiconductor manufacturing support.

πŸ€– Apple's CEO weighs in on AI competitor DeepSeek's cost-efficient model development

  • Cook views DeepSeek's innovation in lowering AI model training and operational costs as a positive industry development.

  • Apple maintains its hybrid approach, combining on-device processing with private cloud computing while integrating with OpenAI's ChatGPT.

  • Strategy positions Apple favorably as AI development costs decrease, reducing pressure for immediate heavy investment in the sector.

πŸš€ Google silently releases Gemini 2.0 Pro Experimental with enhanced capabilities for advanced users

  • Latest model promises improved factual accuracy and superior performance in programming and mathematical tasks, available to Gemini Advanced subscribers.

  • Release comes amid industry attention on DeepSeek's freely available models that compete with leading U.S. AI platforms.

  • Currently in early preview with some limitations, including no real-time information access and restricted app feature compatibility.

πŸ” US investigates DeepSeek over potential Nvidia GPU smuggling through Singapore

  • Government examines if Chinese startup illegally acquired advanced chips amid export restrictions, following company's claim of using only 2,000 H800 GPUs.

  • Trump's AI advisor claims evidence suggests DeepSeek distilled OpenAI's model outputs, prompting Microsoft and OpenAI investigation.

  • Concerns arise after DeepSeek's $6M model development cost claim impacted US markets, with China's history of chip smuggling through Malaysia, Singapore, and UAE.

πŸ”¬ US-based Ai2 launches TΓΌlu 3 405B model, claims superior performance to DeepSeek V3

  • Open-source model applies Reinforcement Learning from Verifiable Rewards (RLVR) at 405B parameter scale, matching GPT-4o performance.

  • Company states model shows consistent edge over DeepSeek V3, particularly in safety benchmarks.

  • All components are freely available and permissively licensed for replication.

πŸ–¨ More news you might find interesting:

  • Apple Intelligence to expand its reach with eight new language updates in April.

  • Google launches AI phone call assistant to handle business inquiries.

  • Former Google and Meta executives launch AI startup Palona for personalized customer service.

  • France's Mistral AI launches Mistral Small 3 model, matching larger AI performance at lower cost.

  • Microsoft and partners commit $72M to launch Princeton-based AI Hub.

  • Samsung warns of weaker AI chip sales amid US-China trade restrictions.

  • Tech analysts assess DeepSeek's market impact as temporary disruption.

  • Goldman Sachs hires Amazon AI expert Daniel Marcu to lead global AI initiatives.

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