A court in the British Virgin Islands has ordered the liquidation of Three Arrows Capital, the crypto hedge fund that has missed margin calls from lenders like BlockFi and Voyager Digital, according to a report from Sky News. The court has tapped consulting and advisory firm Teneo to help handle the insolvency, according to a report from Bloomberg Law . The Singapore-based hedge fund, which...
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How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 researchers,...
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To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier