Scale raises $1B

San Francisco-based data foundry startup Scale has raised $1 billion in a Series F financing round, pegging the company at a $13.8 billion valuation.

Nvidia and AMD unveil next generation AI chips as competition heats up — CNN

Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up, writes Wayne Chang and Laura He. 

DHS establishes AI safety and security board

The Department of Homeland Security (DHS) has established an Artificial Intelligence Safety and Security Board (the board). The inaugural members include CEOs and executives from companies like OpenAI, Anthropic, Delta Air Lines, IBM, Nvidia, Microsoft, Adobe, Amazon Web Services, Advanced Micro Devices (AMD), and Cisco.

Nvidia to acquire Run:ai

Nvidia announced an agreement to acquire Run:ai, a provider of Kubernetes-based workload management and orchestration software.

Meta releases Llama 3 language models 

Meta has announced the release of the first two models of its next-generation Llama language model series, Llama 3.