SPAC mania might be receding, especially among the digital-media sector, but that’s not stopping the former chief executive of CBS from trying. Joe Ianniello, who served as CEO of CBS right before it merged with Viacom in 2019, has formed a new special purpose acquisition company called Argus Capital Corp. for media, telecommunications and tech, according to an SEC filing . The firm hopes to...
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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