Silicon Valley’s biggest companies are already planning to pour $400 billion into artificial intelligence efforts this year. They all say it’s nowhere near enough. “We’ve been short [on computing power] now for many quarters. I thought we were going to catch up. We are not. Demand is increasing,” said Amy Hood, Microsoft’s chief financial officer. “When you see these kinds of demand signals and we know we’re behind, we do need to spend.”
Source: Big Tech Is Spending More Than Ever on AI and It’s Still Not Enough


Universal Music Group said on Wednesday it has settled a copyright infringement case with artificial intelligence company Udio and that the two firms will collaborate on a new suite of creative products. Under the agreement, the companies will launch a platform next year that leverages generative AI trained on authorized and licensed music.




