Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Speaking at an event in San Francisco, AMD CEO Lisa Su unveiled AI-infused chips across its Ryzen, Instinct and Epyc brands, fueling a new generation of AI computing for everyone from business users to data centers.Throughout the event, AMD indirectly made references to rivals such as Nvidia and Intel by emphasizing its quest to provide technology that was open and accessible to the ...

GamesBeat Next is almost here! GB Next is the premier event for product leaders and leadership in the gaming industry. Coming up October 28th and 29th, join fellow leaders and amazing speakers like Matthew Bromberg (CEO Unity), Amy Hennig (Co-President of New Media Skydance Games), Laura Naviaux Sturr (GM Operations Amazon Games), Amir Satvat (Business Development Director Tencent), and so many others. See the full speaker list and register here.Epic Games revealed today that its filing another anti-competi ...

Core Insights - Open-source AI, particularly Meta's Llama models, is rapidly gaining traction and closing the gap with closed-source alternatives, with downloads approaching 350 million, marking a ten-fold increase from the previous year [1][2][4] - Major enterprises such as AT&T, Goldman Sachs, and Spotify are adopting Llama models for various applications, indicating a shift towards open-source solutions in the enterprise sector [2][4] - The performance improvements and cost benefits of open-source AI are driving its adoption, putting pressure on closed-source providers like OpenAI to innovate and reduce prices [4][5] Adoption and Usage - Meta's Llama models have seen significant adoption, with over 20 million downloads in the month following the release of Llama 3.1, contributing to a total of nearly 350 million downloads on Hugging Face [2][3] - The monthly usage of Llama models on select cloud service providers has increased ten-fold from January to July 2024, indicating strong demand among enterprise developers [2][3] Competitive Landscape - The open-source approach has led to a vibrant ecosystem, with startups and enterprises leveraging Llama models to create competitive products, achieving parity or outperforming closed models in certain metrics [2][4] - OpenAI has responded to the competitive pressure by significantly reducing the prices of its models, with GPT-4o now costing $4 per million tokens, down from $36 at its initial release [5]

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Alibaba Cloud, the cloud services and storage division of the Chinese e-commerce giant, has announced the release of Qwen2-VL, its latest advanced vision-language model designed to enhance visual understanding, video comprehension, and multilingual text-image processing. And already, it boasts impressive performance on third-party benchmark tests compared to other leading state-of-t ...

GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here. Apple has updated its terms and policies for app developers in the European Union, ostensibly to better comply with the EU’s Digital Markets Act. The new compliance plan allows developers to link to outside payment systems or promote other platforms — howev ...

GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here. Advanced Micro Devices report that its revenues for the second quarter were $5.8 billion, up 9% from a year ago and above analyst expectations. The results were driven by record data center segment revenue, as the results were $2.8 billion, up 115% compared ...

Core Insights - Chevron is leveraging generative AI tools to extract insights from massive datasets, particularly in oil and gas operations, which generate significant amounts of data [1][3][4] Data Utilization - The Permian Basin, where Chevron is a major landholder, contains an estimated 20 billion barrels of oil, accounting for about 40% of U.S. oil production and 15% of natural gas production [3] - The Railroad Commission of Texas mandates that all operators publish their activities, providing a competitive advantage for companies like Chevron to learn from public datasets [4] AI Applications - Generative AI is used to analyze geological data and fill in gaps, enhancing operational efficiency and safety by predicting potential interferences between companies [5][7] - Large language models (LLMs) are employed to create engineering standards and safety alerts, ensuring precise adherence to specifications [6] Team Integration - Chevron has integrated teams from different disciplines to enhance collaboration, fostering a culture where machine learning engineers and mechanical engineers work closely together [8] - The company has invested in upskilling engineers in data science and system engineering to improve operational maturity [8] Environmental Considerations - Chevron is actively involved in carbon sequestration, utilizing digital twin simulations and synthetic data to predict the long-term performance of carbon storage reservoirs [9] - The company is focused on managing the environmental impact of energy consumption in data centers and AI operations [9]

We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you're implementing it, and what you expect to see in the future. Learn More "We always start with our obsession with the end customer and how we can use AI to solve their problem; that is the unifying starting point," Arjun Dugal, executive vice president, divisional CIO, Card Technology at Capital One, told the audience at VB Transform. Dugal explained how the company's strategic plans start with cus ...

Core Insights - The AI sector is witnessing significant leadership changes as Mustafa Suleyman and Karén Simonyan, co-founders of the AI startup Inflection, join Microsoft to establish a new division called Microsoft AI, focusing on consumer AI products and research [2][3][5] - Microsoft CEO Satya Nadella expressed his admiration for Suleyman's vision and leadership, indicating a strategic move to enhance Microsoft's AI capabilities, particularly in products like Copilot, Bing, and Edge [2][3] - Inflection will continue its operations under new CEO Sean White, with plans to integrate its Inflection-2.5 AI model into Microsoft Azure and other cloud platforms in the future [3][4] Company Developments - Suleyman will serve as EVP and CEO of Microsoft AI, while Simonyan will take on the role of Chief Scientist, both reporting directly to Nadella [2][3] - The transition of leadership from Inflection to Microsoft raises concerns about the concentration of power in the AI industry, especially given Microsoft's existing partnerships with OpenAI and Mistral [5][8] - Inflection's blog post reassured users that there would be no immediate changes to its services, emphasizing a commitment to providing ongoing AI experiences [4] Industry Concerns - The hiring of Suleyman has sparked controversy due to past allegations of bullying behavior during his tenure at Google DeepMind, which has led to mixed reactions within the tech community [5][6][7] - Critics have voiced concerns about the implications of consolidating AI talent within major tech companies, fearing it could stifle competition and innovation in the rapidly evolving AI landscape [5][8] - The situation reflects broader industry dynamics, as Microsoft continues to strengthen its AI division amidst ongoing debates about ethical practices and power concentration in the tech sector [5][8]

Core Insights - Activision Publishing's quality assurance department has formed the largest gaming union in the U.S. with approximately 600 workers [1] - The union, named Activision Quality Assurance United – CWA, was established with the support of the Communications Workers of America [1][2] - Microsoft's acquisition of Activision Blizzard for $68.7 billion and a prior labor neutrality agreement facilitated the unionization process [1][2] Industry Context - The gaming industry is experiencing significant layoffs, with 8,000 reported so far in 2023, contributing to a total of 10,500 layoffs for the year [3] - Activision Blizzard has existing unions at other locations, including Blizzard in Albany and Raven Software in Wisconsin [3] - The unionization efforts at Activision began in 2021, coinciding with a lawsuit from California regarding widespread sexual misconduct [3]