Mind Matters Natural and Artificial Intelligence News and Analysis

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Do High AI Startup Valuations Mean Great Success, or Desperation?

The answer is important but is not as clear as we might think. First, let's look at the background

Consider a recent news report: “Anthropic is in advanced talks to raise $2 billion in a deal that would value it at $60 billion, more than triple its valuation from a year ago” says the Wall Street Journal. Anthropic’s last venture capital (VC) funding round, less than two months ago, raised $2 billion, bringing its total funding to $9.6 billion. OpenAI had raised $6.6 billion, last October just a year after it raised $10 billion from Microsoft the previous year and just months after it also raised funds on the debt and secondary markets. So that $6.6 billion round was the largest VC funding round ever, a little larger than the $6 billion that Elon Musk’s generative AI startup, xAI, raised in 2023. Read More ›

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Mission Impossible: A Dead Reckoning With Artificial Intelligence

The villain in the new blockbuster movie is an artificial intelligence known simply as "the entity."

I walked into the theater expecting a typical villain in the latest installment of Mission Impossible starring the inimitable Tom Cruise. And at the film’s beginning, you’re definitely led to believe that the pale, sour-faced Russians are behind yet another espionage program destined to thwart America and conquer the world. But that’s only a front. The real villain in the new blockbuster movie is an artificial intelligence known simply as “the entity.” The impossible mission, tasked to Ethan Hunt (Cruise) is to track down a mysterious key, made of two separate parts, that apparently can unlock the entity and reveal what it’s capable of. God in the Machine Hunt and his usual gang of expatriates find themselves at odds with Read More ›

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Musk: My AI Will “Understand Reality”

xAI, Musk's alternative to OpenAI, is shrouded in ambitious hopes

Tech giant and billionaire Elon Musk is starting yet another company, and this one has to do with the talk of the town: artificial intelligence. The name of the venture is “xAI.” It’s been an interesting week in the tech and AI world. Meta released “Threads,” a Twitter alternative, and OpenAI is now under investigation by the Federal Trade Commission, calling the AI company into question for its data scraping methods and ChatGPT’s tendency to spin false information. Now that AI is the apple in ever tech mogul’s eye at the moment, I guess it makes sense that Musk is reaching for the branch of temptation. He’s been teasing his hopes for his own AI company for a few months Read More ›