AI Surges: Microsoft Quarterly Revenue Climbs to $65.6 Billion

Propelled by increasing demand for artificial intelligence services, Microsoft cloud solutions, which includes the Azure platform, was the star of the quarter, bringing in $38.9 billion for 22 percent growth year-over-year. Revenue was $65.6 billion, up 16 percent, while profit increased by 11 percent, to $24.7 billion. While Microsoft financials don’t break out AI — now embedded across numerous products — Chairman and CEO Satya Nadella says AI “is on track to surpass an annual revenue run rate of $10 billion” by December 31, “making it the fastest business in our history to reach this milestone.” Continue reading AI Surges: Microsoft Quarterly Revenue Climbs to $65.6 Billion

Databricks Previews Toolkit for Internal Data, AI App Creation

Databricks Apps is a new platform designed to make building internal data and AI applications something that can be done in a few clicks. Available now in public preview on AWS and Azure, the template-based system lets users weave data and frameworks of choice into full-featured apps that can run in the Databricks environment. The company says the system can code and deploy a secure data app with AI integration in five minutes. “Ideal use cases include data visualization, AI applications, self-service analytics and data quality monitoring,” according to the San Francisco-based company. Continue reading Databricks Previews Toolkit for Internal Data, AI App Creation

Meta Unveils New Open-Source Multimodal Model Llama 3.2

Meta’s Llama 3.2 release includes two new multimodal LLMs, one with 11 billion parameters and one with 90 billion — considered small- and medium-sized — and two lightweight, text-only models (1B and 3B) that fit onto edge and mobile devices. Included are pre-trained and instruction-tuned versions. In addition to text, the multimodal models can interpret images, supporting apps that require visual understanding. Meta says the models are free and open source. Alongside them, the company is releasing “the first official Llama Stack distributions,” enabling “turnkey deployment” with integrated safety. Continue reading Meta Unveils New Open-Source Multimodal Model Llama 3.2

New Microsoft Safety Tools Fix AI Flubs, Detect Proprietary IP

Microsoft has released a suite of “Trustworthy AI” features that address concerns about AI security and reliability. The four new capabilities include Correction, a content detection upgrade in Microsoft Azure that “helps fix hallucination issues in real time before users see them.” Embedded Content Safety allows customers to embed Azure AI Content Safety on devices where cloud connectivity is intermittent or unavailable, while two new filters flag AI output of protected material. Additionally, a transparency safeguard providing the company’s AI assistant, Microsoft 365 Copilot, with specific “web search query citations” is coming soon. Continue reading New Microsoft Safety Tools Fix AI Flubs, Detect Proprietary IP

BlackRock Teams with Microsoft to Advance AI Infrastructure

BlackRock has joined forces with Microsoft to launch what will initially be a $30 billion investment fund to finance AI infrastructure — concentrating primarily on building data centers and developing energy projects. The amount could quickly scale to about $100 billion. Abu Dhabi-based tech investment firm MGX is also participating, as is Global Infrastructure Partners (GIP), which owns, operates and invests across energy, transport, digital and waste management. BlackRock announced it is in the process of acquiring GIP, and says a deal expected to close next month. The new fund is called Global AI Infrastructure Investment Partnership (GAIIP). Continue reading BlackRock Teams with Microsoft to Advance AI Infrastructure

Apple Intelligence Preview and Updated iOS 18 Beta Released

Apple’s iOS 18 public beta 2 has arrived, with new wallpapers for CarPlay, a newly designed Hidden Apps folder in the Apps Library and the ability to use dark mode widgets in broad daylight, among other updates. Public beta 2 includes iPadOS 18, but does not include Apple Intelligence, which is expected this fall. However, a separate Apple Intelligence preview was introduced this week. In addition, a new Apple research paper leads some to believe its Apple Intelligence AI models were pre-trained in the cloud using Google Tensor Processing Units, leading to speculation that Big Tech be considering alternatives to Nvidia. But Apple has always been an AI outlier. Continue reading Apple Intelligence Preview and Updated iOS 18 Beta Released

Amazon Commits $230M in AWS Credits for GenAI Startups

Amazon has earmarked $230 million to invest in generative AI startups worldwide, providing funding in the form of “AWS credits, mentorship, and education to further their use of artificial intelligence and machine learning technologies.” The initiative will cast a global net, focusing on early-stage companies. About $80 million of that allocation will fund the second cohort of the AWS Generative AI Accelerator, which provides up to $1 million in credits “to each of the top 80 early-stage startups that are using generative AI to solve complex challenges.” Applications for the AWS Accelerator are open through July 19. Continue reading Amazon Commits $230M in AWS Credits for GenAI Startups

WWDC: Apple Intelligence Brings AI to iPhone, iPad and Mac

Apple has entered into a deal with OpenAI to deliver GTP-4o to its devices, which beginning this fall will feature Apple Intelligence, or “AI.” Announced during this week’s WWDC 2024, Apple Intelligence is “deeply integrated into iOS 18, iPadOS 18, and macOS Sequoia,” according to the company. The new AI features will be available to users of the iPhone 15 Pro, or any devices powered by M1 or newer chips “to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks.” Continue reading WWDC: Apple Intelligence Brings AI to iPhone, iPad and Mac

Arm CEO Says Company Aims to Capture Half of PC Market

Rene Haas, CEO of UK chip designer Arm Holdings, thinks his company’s platform architecture could nab as much as 50 percent of the Windows PC market by 2030. That would essentially be a 400 percent leap from its current 11 percent share in a market dominated by Intel’s x86 design. Because Arm was developed for smartphones, it was driven by energy efficiency, an approach that is paying off in the era of power-hungry AI applications. Now the technology is being used for the first wave of Microsoft Copilot+ Windows laptops, and Arm has also set its sights on desktop PCs. Continue reading Arm CEO Says Company Aims to Capture Half of PC Market

Mistral Development Tool Knows 80 Programming Languages

French startup Mistral AI has released its first large language model for coding. Codestral gives developers looking for a code-native AI tool an option to Meta’s Code Llama, Microsoft’s GitHub Copilot and Amazon Q. Fluent in 80 programming languages — including Python, C++ and JavaScript — Codestral can complete code, write tests, and augment partial code “using a fill-in-the-middle mechanism,” while reducing “the risk of errors and bugs,” according to the company. The new LLM is described as open, but its license prohibits commercial use of both Codestral and its outputs. Continue reading Mistral Development Tool Knows 80 Programming Languages

Endorsing GenAI, PwC Is Largest User of ChatGPT Enterprise

Management consulting firm PwC (PricewaterhouseCoopers) has ordered 100,000 ChatGPT Enterprise licenses from OpenAI, becoming the startup’s biggest third-party customer for the product, which is rolling out to all employees in the U.S. and UK. In addition, OpenAI has named PwC its first resale partner, making it the middleman for selling the AI company’s enterprise products to other businesses. PwC says embedding ChatGPT in its practice will make the Big Four accounting and consulting giant “uniquely positioned to help clients leverage ChatGPT Enterprise for better and faster ways of working.” Continue reading Endorsing GenAI, PwC Is Largest User of ChatGPT Enterprise

Microsoft Adds Copilot AI Assistants to Teams and SharePoint

Microsoft is enlarging its family of generative Copilots, introducing new AI assistants in its collaborative Teams and SharePoint platforms. Team Copilot expands Copilot beyond the sphere of personal assistant, empowering it to work on behalf of a team with the goal of improving collaboration and project management. Team Copilot will have agents that provide the ability to orchestrate and automate business processes, as well as extensions and connectors designed to make it easy to tailor and extend Copilot to meet specific business needs. Copilot is also launching in preview for all Azure customers. Continue reading Microsoft Adds Copilot AI Assistants to Teams and SharePoint

Microsoft Upgrades Azure AI Stack, Previews Cobalt 100 VMs

Microsoft is implementing a series of upgrades to its AI stack, including Azure AI Studio and Copilot Studio, developer platforms for building apps that leverage generative AI. At its Build 2024 conference, the company also announced it is going into preview with its Azure virtual machines (VMs), the first platform to use the powerful Arm-based Cobalt 100 cloud processors developed by Microsoft, which shared that plan at its November Ignite conference. Other Build highlights include the general availability of OpenAI’s new GPT-4o flagship model across the Azure OpenAI Service and the new multimodal Phi-3-vision SLM. Continue reading Microsoft Upgrades Azure AI Stack, Previews Cobalt 100 VMs

Microsoft Pivots Windows to AI OS, Launching Copilot+ PCs

Microsoft is debuting a new category of Windows PCs optimized for artificial intelligence. Called Copilot+ PCs, the tech giant is initially introducing it on Surface devices and through OEMs Acer, Asus, Dell, HP, Lenovo and Samsung. Availability begins June 18, with pre-orders starting now at prices of $999 and up. Microsoft says the new architeccture powers “the fastest, most intelligent Windows PCs ever built,” with silicon capable of 40+ TOPS (trillion operations per second) as well as “all–day battery life and access to the most advanced AI models.” The company describes this new wave of PCs as “just the beginning.” Continue reading Microsoft Pivots Windows to AI OS, Launching Copilot+ PCs

Microsoft, Amazon Commit to Expanding Operations in France

France has been pursuing Big Tech and Microsoft and Amazon are among the first to express interest. Microsoft has committed $4.3 billion to expand cloud and AI infrastructure there, sharing plans to bring as many as 25,000 advanced GPUs to France by the close of 2025. The software giant will also train one million people for AI and data jobs while supporting 2,500 AI startups over the next three years. Meanwhile, Amazon announced that it would invest up to $1.3 billion to expand its existing footprint of 35 logistics facilities in the country. The deals were announced Monday during the Choose France summit hosted by French President Emmanuel Macron. Continue reading Microsoft, Amazon Commit to Expanding Operations in France