China orders Meta to unwind $2 billion buy of AI startup Manus
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
Read on Economic Times Tech →Yann LeCun's AI startup AMI has raised $1 billion to develop AI systems capable of reasoning and planning, diverging from current next-word/pixel prediction models.
Why it matters
This funding round signifies a significant investment in an alternative approach to Artificial Intelligence. By aiming for systems that can reason and plan, AMI seeks to move beyond the current paradigm of large language models and image generators, potentially paving the way for more robust and generally intelligent AI agents. This could have profound implications for the future development and capabilities of AI across various domains.
A famous AI scientist named Yann LeCun has started a new company called AMI. They just got a lot of money to build AI that can think and plan, unlike the AI we have now that just guesses the next word or picture.
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
Read on Economic Times Tech →Digital platforms and brands are increasingly building their own AI-led digital storefronts, as highlighted by Lalit Keshre's recent ET Awards win.
Read on Economic Times Tech →RateGain Travel Technologies, an Indian company, won the Emerging Company of the Year award, driven by its AI-powered growth in the travel tech sector.
Read on Economic Times Tech →