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Nelson Renteria / Reuters: El Salvador has mined 473.5 bitcoins worth ~$29M since 2021 thanks to a volcano-fueled geothermal power plant, bringing its total bitcoin portfolio to ~$354M  —  El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday … Source link

OpenAI held its much-anticipated Spring Update event on Monday where it announced a new desktop app for ChatGPT, minor user interface changes to ChatGPT’s web client, and a new flagship-level artificial intelligence (AI) model dubbed GPT-4o. The event was streamed online on YouTube and was held in front of a small live audience. During the

Gené Teare / Crunchbase News: AI startups in the Bay Area raised $27B+ in 2023, more than 50% of global AI funding, up from $14B in 2022 when the region accounted for 29% of all AI funding  —  There’s been much talk of a resurgent San Francisco with the new technology wave of artificial intelligence

Mark Bergen / Bloomberg: Abu Dhabi’s Technology Innovation Institute releases Falcon 2 11B, an open-source LLM to compete with Llama and Gemini that supports five European languages  —  – Model shows UAE is a “serious player” in AI, official says  — Abu Dhabi plans to commercialize Falcon with new unit AI71 Source link

Wall Street Journal: Sources: Intel is in advanced, exclusive talks for a deal in which Apollo Global Management would supply $11B+ to help the chip giant build a plant in Ireland  —  The investment firm is in exclusive talks to supply the chip giant with cash for a new plant. Source link

Airtel and Google Cloud have collaborated to build and deploy artificial intelligence (AI)-powered cloud services for enterprises in the Indian market. Through this partnership, Airtel aims to use Google’s cloud solution suite and build server-based services including various analytics tools, IoT products, and more. The telecom operator also plans to integrate the cloud-based AI capabilities

Akash Sriram / Reuters: Squarespace says private equity firm Permira plans to take the company private in a $6.9B all-cash deal, or $44 per share, a 15.2% premium on Friday’s close  —  Private equity firm Permira will take Squarespace (SQSP.N) private in an all-cash deal valued at about $6.9 billion, the website-design platform said on

Bloomberg: The US, the EU, and other superpowers have funneled nearly $81B towards supporting chip companies, the first wave of ~$380B earmarked by global governments  —  US and allies vie with China for superconductor supremacy, powered by wave of domestic investment Source link

Javier Espinoza / Financial Times: Sources: the EU is set to issue new antitrust charges against Microsoft over concerns over undermining Teams competitors, despite Microsoft offering concessions  —  Tech group’s effort to avoid action by unbundling videoconferencing app from its other software appears to have failed Source link

Sudip Kar-Gupta / Reuters: Brad Smith says Microsoft will invest €4B in France, much of the investment would focus on AI, and Microsoft would set up a data center in Mulhouse, France  —  Technology and software giant Microsoft (MSFT.O) will invest 4 billion euros ($4.3 billion) in France as part … Source link