Pippa Offers Revenue Share to Artists
In brief
- Pippa is paying artists for using their work in AI models.
- The company gives artists money when their style is used.
- Pippa is trying to be different from other AI companies by paying artists.
- Many artists are upset because AI companies use their work without permission.
- Pippa wants to show that AI companies can work with artists and pay them.
- The payments are not very large.
- Pippa is still a new company and has a lot to prove.
- It will try to show that paying artists is a good way to make AI products.
Read full story at The Verge →
More briefs
AI Hedge Fund Sells Most of Portfolio
An AI-focused hedge fund called Situational Awareness sold most of its portfolio to billionaire Ken Griffin's Citadel. The fund was down 67% last month due to debt-fueled bets on chipmakers and artificial-intelligence firms. This sale is important because it could have tanked the markets if the fund had to liquidate its $20 billion portfolio. The sale may be a sign of the start of an AI bubble bursting, with many on Wall Street watching to see if more problems arise.
Economist Says AI Is Not Free to Use
The cost of using artificial intelligence is very high. It needs a lot of power, water, and special computer parts. Many big companies like Microsoft and Amazon are spending a lot of money to build special centers to power AI. They plan to spend around $700 billion this year and $1 trillion in 2027. This high cost will decide how far AI can go, and it may not replace many human jobs because it is expensive to use AI in some cases, so people will still be needed to work, and the cost of AI will continue to shape its future.
Tech Giants Invest $700 Billion in AI Infrastructure
Google and other tech companies are investing nearly $700 billion in AI infrastructure this year. They are building new data centers to power the AI revolution. This investment requires skilled workers to build and maintain the infrastructure. Companies need electricians, carpenters, and welders to construct data centers. They are offering high wages and bonuses to attract these workers. The demand for skilled labor is high, with hundreds of thousands of open positions across the US. Companies are investing in training programs to prepare workers for these careers, and the industry will continue to grow in the coming years.
Uber Embeds AI Engineers in Departments
Uber has started sending its top AI engineers to work with teams in finance, legal, marketing, and other areas. They study how employees work and then build AI tools to improve workflows. This approach has already led to big gains, such as cutting a financial planning process from 15 hours to 30 minutes. The goal is to redesign entire workflows around AI, eliminating unnecessary steps and helping people make decisions faster. Next, Uber will likely expand this approach to more areas of its business.
Nvidia Beats Alphabet in Revenue Growth
Nvidia posted 85% revenue growth to $82 billion. Alphabet grew 24% to $120 billion. Nvidia's data center segment hit $75 billion, up 92%. Alphabet's Google Cloud reached $24.77 billion, growing 82%. Nvidia sells compute power, while Alphabet builds on it and buys it. Nvidia's operating margin is 60.4%, compared to Alphabet's 32.1%. Nvidia's revenue growth is driven by its data center business. The company will likely continue to focus on this area in the future.