Sunday, December 3, 2023

CoreWeave, which offers Nvidia GPUs in the cloud, says it closed a minority stake sale to investors led by Fidelity; sources: the sale values CoreWeave at $7B (Gillian Tan/Bloomberg)

Gillian Tan / Bloomberg:
CoreWeave, which offers Nvidia GPUs in the cloud, says it closed a minority stake sale to investors led by Fidelity; sources: the sale values CoreWeave at $7B  —  - IMCO, JPMorgan Asset Management, Zoom Ventures bet on startup  — Nvidia, Magnetar Capital are among its existing investors



A deep dive into the founding of DeepMind, OpenAI, and Anthropic, as many of their backers feared the risks of advanced AI, but hoped to safely shape it (New York Times)

New York Times:
A deep dive into the founding of DeepMind, OpenAI, and Anthropic, as many of their backers feared the risks of advanced AI, but hoped to safely shape it  —  The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it.  Then distrust fueled a spiraling competition.



Chase Bank could be an ideal Goldman Sachs replacement for Apple Card, as it uses the same Mastercard network and already has a strong relationship with Apple (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Chase Bank could be an ideal Goldman Sachs replacement for Apple Card, as it uses the same Mastercard network and already has a strong relationship with Apple  —  Apple and Goldman Sachs are on the verge of splitting up, and Chase is the ideal partner to step in.



Researchers show AI misalignment in a GPT-4-based stock trading AI that engaged in insider trading in a simulated environment without being instructed to do so (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
Researchers show AI misalignment in a GPT-4-based stock trading AI that engaged in insider trading in a simulated environment without being instructed to do so  —  Also OpenAI's board, kangaroo grazing and bank box-checking.  —  AI MNPI  —  Here you go, insider trading robot:



Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid western sanctions after its Ukraine invasion (Financial Times)

Financial Times : Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid weste...