SoftBank has given the green light to the remaining $22.5 billion of its planned investment in OpenAI, according to a report from The Information. The commitment completes a deal initially announced in 2023, positioning SoftBank as a major financial backer of the artificial intelligence leader.This final approval unlocks substantial capital for OpenAI as it navigates a period of rapid growth and intense competition in the AI sector. The investment will fuel further advancement of OpenAI’s technologies, including its flagship ChatGPT, and support its expansion into new markets. The move underscores SoftBank’s confidence in OpenAI’s long-term potential and the broader AI revolution, impacting industries from technology and finance to healthcare and education.
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Anthropic Expands AI Chip Deal with Google for $Tens of Billions
written by Rachel Kim – Technology Editor
Anthropic, the AI safety and research company, will leverage Google’s cutting-edge AI chips in a multi-year deal potentially worth tens of billions of dollars to power the training of its Claude chatbot, Reuters has learned.The agreement marks a significant win for Google as it seeks to establish its Tensor Processing Units (TPUs) as the industry standard for demanding AI workloads and underscores anthropic’s rapid growth and escalating computational needs.
The partnership addresses a critical bottleneck in AI development: access to sufficient and advanced computing power. As large language models like Claude grow in complexity, the cost and availability of specialized hardware become paramount.This deal allows Anthropic to accelerate its AI research and deployment, competing more effectively wiht industry leaders like OpenAI and meta, while simultaneously solidifying Google’s position in the burgeoning AI infrastructure market.
Anthropic will utilize Google Cloud’s TPUs – specifically designed for machine learning – over the coming years. While the exact financial terms remain undisclosed, people familiar with the agreement estimate the total value could exceed $10 billion, potentially reaching tens of billions depending on Anthropic’s scaling needs and future TPU generations.
The move comes as demand for AI chips surges, fueled by the rapid advancement of generative AI. Nvidia currently dominates the market, but google is aggressively pushing its TPUs as a competitive alternative, emphasizing their performance and cost-effectiveness for specific AI tasks. Anthropic’s decision to adopt TPUs represents a major endorsement of Google’s technology.
anthropic, founded by former OpenAI researchers, is focused on building reliable, interpretable, and steerable AI systems. Claude is designed to be a helpful, harmless, and honest AI assistant, and the increased computational power will enable Anthropic to refine its model and expand its capabilities. The company recently secured a $4.1 billion investment led by Amazon.
Wyoming Dinosaur Finding Challenges Existing Understanding of Early Mammal Evolution
LARAMIE, Wyo. – Newly analyzed fossils of dinosaur “mummies” unearthed in Wyoming reveal a startling characteristic: evidence of hoof-like feet, a feature previously thought to have evolved much later in mammalian history. The remarkably preserved specimens,dating back to the late Jurassic period (around 150 million years ago),are forcing paleontologists to re-evaluate the evolutionary timeline of foot structures and the origins of mammals.
The discovery, detailed in research published this week, centers on skin and soft tissue impressions found on several Camptosaurus fossils – a plant-eating dinosaur. These impressions clearly show a hardened, hoof-like structure covering the ends of the digits, a trait typically associated with later mammals and not previously observed in dinosaurs. This finding suggests that the evolutionary pathway towards modern hoofed mammals may have begun far earlier than scientists believed, possibly with dinosaurs experimenting with similar adaptations for locomotion and protection.
researchers from the University of Wyoming, who led the analysis, utilized advanced imaging techniques, including microscopy and chemical analysis, to confirm the nature of the preserved foot structures. ”What we’ve found is a clear indication that some dinosaurs were developing foot structures that are surprisingly similar to those seen in modern hoofed mammals,” explained Dr. Brent Breithaupt, a professor of paleontology at the University of Wyoming and lead author of the study. “This challenges the conventional wisdom about when and how these features evolved.”
The Camptosaurus fossils were originally discovered in the Como Bluff region of Wyoming, a renowned fossil locality. The exceptional preservation of the specimens – essentially “mummified” by natural processes – allowed for the unprecedented examination of skin and soft tissue details. The team’s analysis revealed that the hoof-like structures were composed of keratin, the same protein that makes up modern hooves, claws, and hair.
The implications of this discovery extend beyond simply revising the dinosaur family tree. It suggests that the selective pressures driving the evolution of hoof-like feet – likely related to efficient locomotion on varied terrain and protection from injury - were present in dinosaur populations much earlier than previously thought.Further research will focus on examining other dinosaur fossils for similar features and investigating the biomechanical advantages offered by these early hoof structures. The team plans to expand their research to other dinosaur species and explore the potential link between dinosaur foot evolution and the eventual rise of mammals.
Alector Inc. shares plummeted over 60% on Monday after its lead drug candidate for early-stage Alzheimer’s disease failed to demonstrate a statistically notable slowing of cognitive decline in a late-stage clinical trial. The disappointing results represent a major setback for the biotechnology company and a potential blow to the field of Alzheimer’s research, wich has seen numerous high-profile drug failures in recent years.
The Phase 3 trial, known as Illuminate, evaluated Alector’s drug AL003 in 800 participants with mild cognitive impairment due to Alzheimer’s disease. While the drug was found to be safe and well-tolerated, it did not meet its primary endpoint of improving cognitive function compared to a placebo group over 18 months.The failure underscores the immense challenge of developing effective treatments for Alzheimer’s, a devastating neurodegenerative disease affecting over 6.7 million Americans, and highlights the urgent need for new therapeutic approaches.
Alector initiated a separate,ongoing trial called Transcend,evaluating AL003 in individuals with earlier stages of Alzheimer’s disease,and plans to continue that study.Top-line data from Transcend is expected in the first half of 2025. The company stated it is evaluating the Illuminate data to understand potential reasons for the outcome and will present the full results at a future medical conference.
“We are deeply disappointed by these results,” said Dr. Arnon Rosenthal, CEO of Alector, in a press release. “We remain committed to our mission of developing innovative therapies for neurodegenerative diseases, and we will continue to advance our pipeline of programs.”
The stock closed at $8.48, down 63.8% from its Friday close of $18.62. The company’s market capitalization has fallen to approximately $450 million.
alzheimer’s disease is characterized by the accumulation of amyloid plaques and tau tangles in the brain, leading to neuronal damage and cognitive decline. Despite decades of research,there are currently limited treatment options available,primarily focused on managing symptoms rather than slowing or halting disease progression. Recent approvals of drugs like Leqembi and Aduhelm, which target amyloid plaques, have offered a glimmer of hope, but thier clinical benefits have been modest and accompanied by safety concerns.
Exclusive: Ukraine drone attack on Russian gas plant hits Kazakh output, sources say
written by Lucas Fernandez – World Editor
A Ukrainian drone attack on a Russian gas processing plant has disrupted Kazakh natural gas condensate production, according too sources familiar with the matter, marking a potential escalation in the conflict’s economic impact beyond Ukraine and Russia. The strike on the novy Urengoy gas condensate plant, located in Russia’s Yamal-Nenets Autonomous Okrug, has temporarily halted Kazakh output, raising concerns about regional energy supplies.
The incident underscores the growing vulnerability of Russian energy infrastructure and the widening geopolitical ramifications of the war. Kazakhstan relies on Russia for transit and processing of its gas condensate,a light oil crucial for petrochemical production. The disruption threatens Kazakh exports and could lead to price volatility in regional markets, impacting industries from plastics manufacturing to transportation. Further attacks could trigger more significant supply chain issues and economic fallout for Central Asian nations dependent on Russian energy networks.
Three sources, speaking on condition of anonymity due to the sensitivity of the information, confirmed the Ukrainian military was behind the attack, which occurred on Feb. 21. While Russia has not officially acknowledged the incident, one source stated the damage was significant enough to force a temporary shutdown of processing operations at the plant.
“The Ukrainians have demonstrated a capability to strike deep inside russia, and this attack specifically targets a key node in the energy infrastructure that impacts not just Russia, but neighboring countries like Kazakhstan,” said one of the sources.
Kazakhstan’s energy ministry has not yet issued a public statement regarding the disruption, but sources indicate officials are working with Russian counterparts to assess the damage and restore processing capacity. The duration of the outage remains uncertain,but initial estimates suggest it could take weeks to fully resume normal operations.
The Novy Urengoy plant is one of Russia’s largest gas condensate processing facilities, handling a substantial portion of the country’s overall output. While Russia possesses option processing facilities, redirecting kazakh condensate volumes will strain existing infrastructure and possibly lead to logistical bottlenecks.
This attack follows a series of Ukrainian strikes targeting Russian oil refineries and energy facilities, aimed at disrupting Russia’s war effort by limiting its revenue streams. The targeting of infrastructure critical to regional partners like Kazakhstan represents a shift in tactics and signals a willingness to accept broader economic consequences in pursuit of its strategic objectives.
IMF Sees Uncertainty Amid Trade Tensions, Global Growth Concerns
written by Priya Shah – Business Editor
WASHINGTON, Oct 12 – international Monetary Fund (IMF) Managing director Kristalina Georgieva expressed hope on Thursday for a de-escalation of tensions between the United states and China, warning that continued friction between the worldS two largest economies poses a meaningful risk to global economic stability.
georgieva’s comments come amid heightened geopolitical concerns and ongoing trade disputes, raising fears of a slowdown in global growth.The IMF chief emphasized the interconnectedness of the U.S.and Chinese economies, stating that a further deterioration in thier relationship could disrupt supply chains, dampen investment, and ultimately impact global output. “We are hoping to see easing of tensions between the US and China,” Georgieva said during a press conference at the IMF’s annual meetings. “Fragmentation… is a major risk to the world economy.”
The IMF recently lowered its global growth forecast for 2023 to 3.0%, citing factors including the war in Ukraine, high inflation, and tightening monetary policy.Further escalation of U.S.-China tensions could exacerbate these challenges,possibly pushing the global economy closer to recession. According to IMF estimates, a significant decoupling of the U.S. and Chinese economies could reduce global GDP by as much as 2.5% in the long run.
Georgieva highlighted the importance of international cooperation in addressing global economic challenges. She urged both the U.S. and China to prioritize dialog and find common ground, emphasizing that a stable and predictable global economic habitat is crucial for sustainable growth and prosperity. The IMF is actively monitoring the situation and stands ready to provide policy advice and support to its member countries.