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Wikipedia Halts AI Summaries After Editors Warn Of 'Irreversible Harm'—Say No 'Need To One-Up' With Google
Thursday, June 12, 2025 - 2:17am | 727Wikipedia has reportedly paused its experiment with artificial intelligence-generated summaries after facing overwhelming backlash from its editor community, who argued the feature would harm the platform's credibility. What Happened: The Wikimedia Foundation had planned to test AI-generated...
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Nvidia-Backed AI Startup Cohere Targets $5B Valuation In New Funding Round
Thursday, March 21, 2024 - 7:46am | 558Nvidia-backed AI startup Cohere is reportedly in talks to secure a significant investment that could propel the company’s valuation to $5 billion, marking a substantial leap from its previous valuation of $2.2 billion. What Happened: AI startup Cohere is negotiating to secure $500 million in...
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Elon Musk's xAI Reportedly Raising $6B, Valued At $20B: What Investors Should Know
Friday, January 26, 2024 - 11:30am | 702Billionaire Elon Musk was a key figure in the artificial intelligence sector, originally a part of the OpenAI team. Musk launched his own artificial intelligence company in early 2023, which is now reportedly looking to raise funds at a large valuation. What Happened: Musk launched xAI as a new...
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Oracle Is Fighting For Its Place Under The Cloud Sun
Wednesday, June 14, 2023 - 11:40am | 714On Monday after market close, Oracle Corporation (NYSE: ORCL) delivered a better-than-expected fiscal fourth quarter report and revenue guidance for its undergoing quarter. Although it is significantly behind its cloud peers, Amazon.com Inc (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and Alphabet...