Google considers charging for AI-powered search
Google considers charging for AI-powered search
Stability AI CEO of Stable Diffusion fame resigns
Google considers charging for AI-powered search
AI Startup Cohere Nears Deal to Raise Funds at $5 Billion Valuation
Stability AI CEO of Stable Diffusion fame resigns
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Google considers charging for AI-powered search in big change to business model
Google is considering charging for new “premium” features powered by generative artificial intelligence, in what would be the biggest ever shake-up of its search business.
The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens its advertising business, almost a year and a half after the debut of ChatGPT.
Google is looking at options including adding certain AI-powered search features to its premium subscription services…. Engineers are developing the technology needed to deploy the service but executives have not yet made a final decision on whether or when to launch it, one of the people said.
These kinds of search results, which include an “AI-powered snapshot”, are more costly for Google to serve up than its traditional responses because generative AI consumes a lot more computing resources. It has offered access to SGE to only a select few users, including some subscribers to its Google One bundle that offers benefits such as extra cloud storage for a monthly fee….
By Madhumita Murgia and Richard Waters of The Financial Times(full text)
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AI Startup Cohere Nears Deal to Raise Funds at $5 Billion Valuation
Artificial intelligence startup Cohere Inc. is in late-stage discussions to clinch a fresh round of funding that would raise the valuation of the company to $5 billion.
The deal is expected to include major investors from Cohere’s $270 million Series C funding round last year. It was led by Inovia Capital and included a range of strategic investors such as Nvidia Corp., Oracle Corp. and Salesforce Ventures. The new round is set to be co-led by Canadian pension investment manager PSP Investments.
Founded in 2019, Toronto-based Cohere builds large language models — software trained on massive swaths of the internet to analyze and generate text — and customizes them for users.
Co-founder and Chief Executive Officer Aidan Gomez previously worked at Alphabet Inc.’s Google, where he was a co-author of a 2017 landmark paper in AI research titled “Attention is All You Need,” which led to advances in the ways computers analyze and generate text….
By Rachel Metz of Bloomberg(full text)
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Stability AI CEO resigns
Stability AI’s Emad Mostaque is out following an investor mutiny and staff exodus that left the one-time tech darling in turmoil.
Mostaque, a larger-than-life presence in the AI world, co-founded the startup in 2019 after various roles at hedge funds and crypto projects. Mostaque’s departure from Stability AI, a startup known for its popular image generation tool Stable Diffusion, comes amid an ongoing struggle at the startup that was spending a reported estimate of $8 million a month as of October 2023, according to Bloomberg, which also noted that the startup had unsuccessfully attempted to raise new funding at a $4 billion valuation.
Mostaque, it appears, wasn’t prioritizing revenue growth about a year ago. In a post on X last year, he expressed his amusement at the generative AI companies’ “strange focus on revenue” even as “the technology is useful but far from vaguely mature as new breakthroughs happen almost daily.” He cited several examples, including Magic Leap, which spent billions before generating revenue.
“The payoffs on proper generative AI R&D are clearer and faster to market than just about anything we’ve seen. It’s going to create way more economic value than self driving cars for example, the total investment in that has been $100b with no revenue pay off,” he wrote.