Turing's Revenue Soars, Snowflake's $1.5B Acquisition, and SoftBank Eyes $25B OpenAI Investment
January 30, 2025 -
Daily AI Brief
Hi there,
In today's news Turing tripled its revenue to $300 million, Snowflake is set to acquire Redpanda for $1.5 billion, and SoftBank is considering a $25 billion investment in OpenAI. And as you might have expected, DeepSeek and Delson Group are fighting again over trademark conflicts.
Top stories
Turing's Revenue Triples to $300 Million
Turing, an AI data startup, has tripled its revenue to $300 million in 2024, reaching profitability by providing human trainers to major AI labs. Read more
UK Investigates DeepSeek AI App for Security Risks
The UK government is assessing the DeepSeek AI app, created by a Chinese company, for possible national security threats. This follows its rising popularity and concerns from data regulators globally. Read more
Snowflake to Acquire Redpanda for $1.5 Billion
Snowflake is in negotiations to acquire Redpanda, a data analytics startup, for approximately $1.5 billion. This acquisition aims to boost Snowflake's AI-driven capabilities in real-time data processing. Read more
SoftBank Considers $25 Billion Investment in OpenAI
SoftBank is in discussions to invest up to $25 billion in OpenAI, potentially becoming its largest investor. This development follows concerns raised by OpenAI about DeepSeek's AI model allegedly using its proprietary technology. Read more
Mistral AI Launches 24B-Parameter Model
Mistral AI has introduced Mistral Small 3, a 24 billion parameter model optimized for low-latency, achieving over 81% accuracy on MMLU. It is released under the Apache 2.0 license and competes with larger models like Llama 3.3. Read more
DeepSeek Trademark Conflict with Delson Group
Chinese AI company DeepSeek faces a trademark issue in the US after Delson Group filed for the same trademark, claiming prior use since 2020. Read more
Meta to Invest Billions in AI Amid Competition
Meta CEO Mark Zuckerberg announced plans to invest heavily in AI, with a focus on infrastructure and the upcoming Llama 4 model, in response to competition from DeepSeek and market reactions affecting Nvidia. Read more
CoreWeave Appoints Corey Sanders as SVP of Strategy
CoreWeave has appointed Corey Sanders, a former Microsoft executive, as its new Senior Vice President of Strategy to enhance market leadership and growth in the AI ecosystem. Read more
Microsoft Azure Growth Slows Due to Data Center Limits
Microsoft Corp. reports slower growth for its Azure cloud division due to data center capacity constraints, despite high demand for AI products. The company plans significant investments to address these challenges. Read more
AI-Related Securities Class Action Filings Double in 2024
In 2024, securities class action filings increased for the second year, with AI-related cases rising from seven to 15, according to a report by Cornerstone Research and Stanford Law School. Read more
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