Wall Street witnessed a bloodbath on Wednesday, with tech stocks taking the biggest hit. Investors lost a staggering trillion dollars in a single day, raising concerns about a potential tech bubble bursting. The culprit behind this market meltdown was Artificial Intelligence (AI), once hailed as the future.
Tech giants like Microsoft, Apple, and Google were heavily invested in the AI revolution, with around $9 trillion poured into the AI space recently. The sudden downturn in the market has led to questions about the sustainability and impact of AI technologies on the financial sector.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.