Latest news with #open-source
South China Morning Post
3 days ago
- Business
- South China Morning Post
Alibaba updates open-source Qwen3 models to support AI deployment on Apple devices
Advertisement In a Monday post on social media platform X , the Qwen team of Alibaba's cloud computing unit said it launched open-source Qwen3 models optimised for Apple's MLX framework for machine learning. Alibaba owns the South China Morning Post. The MLX framework is intended to be user-friendly, but still efficient in training and deploying AI models on Apple's silicon hardware. It has seen growing adoption among developers within the Apple ecosystem. Open source gives public access to a software program's source code, allowing third-party developers to modify or share its design, fix broken links or scale up its capabilities. This latest development appears to reflect Apple's efforts to expand the availability of its Apple Intelligence suite to mainland China. Under Chinese rules, any models that are part of Apple Intelligence would need regulatory approval for public release in the country. Advertisement
Yahoo
4 days ago
- Business
- Yahoo
Analysts revamp forecast for Nvidia-backed AI stock
Analysts revamp forecast for Nvidia-backed AI stock originally appeared on TheStreet. I have a virtual private server with several services running on it. It has replacements for Google Drive, Whatsapp, and Github (or Gitlab). Getting a sufficiently good internet connection that would allow me to use a real (on-premise) machine instead of a virtual one is very difficult where I live. I've been maintaining this server without any (serious) problems for a couple of years. However, in the past few months, the situation has changed, for the worse. Nothing brings me more joy than an occasional email from my VPS provider telling me that my server's CPU usage has been averaging at 98% for the last 2 hours. My server, which was almost invisible for a very long time, has become a target of scrapers and scanners.I am not alone in having this issue. Many prominent open-source projects had to protect themselves, too, and recently they started using "Anubis" for this. (Not the malware with the same name) Why the sudden change, you might ask? Well, an increasing number of companies think they will be the ones to create this 'incredible artificial intelligence.' So, they are scraping any website, regardless of whether its data is relevant and reliable. The more data they can collect, the better, seems to be the prevailing modus operandi. And once they're done collecting, throw everything into the blender and hope for the best. What if you are a little startup, with the aforementioned goals of writing incredible AI, and you've done the previous step of collecting the data, and now you just need that blender? Perhaps you have some investor money, but can't build that blender yourself. After all, Graphics cards used for AI training cost an arm and a leg. This is where CoreWeave () comes in. Just like the VPS providers that enable people like me who can't use real machines for their servers to use their servers instead, CoreWeave enables companies that can't afford AI servers to do their AI training on its GPU mega clusters. More AI Stocks: Wall Street veteran doubles down on Palantir Analysts double price target of new AI stock backed by Nvidia OpenAI teams up with legendary Apple exec Considering that the company's business model is 'renting' Nvidia () graphics cards, it is not surprising that the company has become Nvidia's largest holding, making up more than 78% of Nvidia's disclosed released its earnings report for Q1 2025 on May 14th. Here are the highlights: Revenue of $981.6 million, a 420% increase year-over-year. Net loss of $314.6 million, a 143% increase YoY. Adjusted EBITDA of $606.1 million, a 480% increase YoY. Guidance for the full year 2025 was: Revenue from $4.9 billion to $5.1 billion Capital expenditures of $20 billion to $23 billion Bank of America analysts, Brad Sills and Carly Liu, shared their opinions on the CoreWeave stock. "In our view, the AI infrastructure [capital expenditures] growth rate is peaking, though still very healthy (estimates are likely to move higher on a larger base), led by OpenAI. OpenAI's ChatGPT is the single largest consumer of AI workloads and is growing at a rapid pace. Therefore, we see solid sustained demand in CoreWeave's AI infrastructure market," said analysts In Q1, CoreWeave expanded its deal with OpenAI bringing the total contract value to $15.9 billion. The company also signed a new hyperscaler customer in Q1. It has also increased the average contract duration to four and a half years from four years since forecasted $21 billion of negative free cash flow for the company through calendar year 2027, driven by high capital expenditures. CoreWeave funds the majority of its capital expenditures with debt. The company managed to lower the interest rate in the recent debt raise of $2 billion to 9.3%, from 11% in calendar year 2024. "However, this remains a small % of the total incremental debt required from here, raising some questions, in our view," continued analysts. Sills and Liu noted that the stock is trading at twenty-five times its calendar year 2027 EBIT estimate, which is a premium to the peer group that is trading at sixteen times the estimate. They set the new price objective for CoreWeave, raising their target from $76 to $185, which is 29 times their calendar year 2027 EBIT estimate (vs. 16x previously), or 0.4 times adjusted for 69% growth. That said, they cut their rating on the stock after CoreWeave's recent rally, arguing there's less room for shares to head higher. "We believe much of the near-term upside has been priced in and downgrade our rating to neutral from buy," concluded revamp forecast for Nvidia-backed AI stock first appeared on TheStreet on Jun 16, 2025 This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared.
BBC News
03-06-2025
- General
- BBC News
BBC Verify Live: Investigating latest Gaza shooting near aid site
Update: Date: 09:03 BST Title: Tuesday on BBC Verify Live Content: Rob CorpBBC Verify Live editor Good morning. Welcome to our live page where we showcase the work of the BBC's experts in fact-checking, open-source intelligence gathering and investigating disinformation. I've just come out of the morning meeting where BBC Verify's team leaders discuss the priorities for the day and how we can enhance and inform the BBC's reporting using forensic techniques to dig into the stories behind the headlines. Here's what we're looking at today: As ever, we're always keen to hear from you throughout the day - so please do get in touch via this form.
TechCrunch
29-05-2025
- Business
- TechCrunch
Hugging Face unveils two new humanoid robots
AI dev platform Hugging Face continued its push into robotics on Thursday with the release of two new humanoid robots. The company announced a pair of open-source robots, HopeJR and Reachy Mini. HopeJR is a full-size humanoid robot that has 66 actuated degrees of freedom, or 66 independent movements, including the ability to walk and move its arms. Reachy Mini is a desktop unit that can move its head, talk, listen, and be used to test AI apps. Meet HopeJr, a full humanoid robot lowering the barrier to entry! Capable of walking, manipulating many objects, open-source and costs under $3000 🤯 Designed by @therobotstudio and @huggingface 👇 — Remi Cadene (@RemiCadene) May 29, 2025 Hugging Face doesn't have an exact timeline for shipping these robots. The company's co-founder and CEO, Clem Delangue, told TechCrunch over email that they expect to start shipping at least the first few units by the end of the year, and the waitlist is currently open. Reachy Mini Credit: Hugging Face Hugging Face estimates that the HopeJR will cost around $3,000 per unit and the Reachy Mini will cost around $250-$300, depending on tariffs. 'The important aspect is that these robots are open source, so anyone can assemble, rebuild, [and] understand how they work, and [that they're] affordable, so that robotics doesn't get dominated by just a few big players with dangerous black-box systems,' Delangue said via email. This robot release was made possible in part by the company's acquisition of humanoid robotics startup Pollen Robotics, which was announced in April, according to Delangue. He added that the Pollen team gave Hugging Face 'new capabilities' required to make these bots. Hugging Face has been making a concerted push into the robotics industry over the past few years. It launched LeRobot, a collection of open AI models, data sets, and tools to build robotics systems, in 2024. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW So far in 2025, the company has released an updated version of its 3D-printed and programmable robotic arm, the SO-101, which the company built in a partnership with French robotics firm The Robot Studio. It also expanded the training data on its LeRobot platform, through a partnership with AI startup Yaak, to include training data for self-driving machines.
Entrepreneur
28-05-2025
- Business
- Entrepreneur
Plane Soars Higher with Sort Acquisition
With this acquisition, Plane officially expands to the United States, marking a pivotal moment in its evolution. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a bold move signaling its global ambitions, Plane—the open-source project management platform reimagining how modern teams collaborate—has acquired Sort, a US-based engineering team renowned for its AI-native enterprise systems. With this acquisition, Plane officially expands to the United States, marking a pivotal moment in its evolution. "Bringing the Sort team into Plane and expanding into the US are meaningful steps as we scale both our technology and our community," said Plane's CEO, Vamsi Kurama. "Our focus remains on building a platform that's not just open-core in principle, but also in practice—designed to give teams full ownership of their workflows, data, and future." The Sort team brings not only deep technical expertise in scalable software, but also a history of solving complex enterprise challenges with AI-driven architectures. By integrating this talent, Plane aims to accelerate its mission of delivering a customisable, secure, and transparent project management solution tailored for businesses navigating digital transformation. The move comes faster than expected—only 18 months after Plane secured USD 4 million in seed funding. Originally planned as a later-phase initiative, the expansion into California reflects mounting demand from North American enterprises for modern, self-managed project tools. Adding further momentum, Plane welcomes seasoned talent from industry leaders like PayPal, Elastic, and BitGo. Their collective experience in scaling developer-first products aligns with Plane's goal to build a unified Work OS that includes task management, wikis, timelines, and advanced security features. Already trusted by over 100,000 users, Plane is setting its sights higher. As Plane takes flight in the US, it's clear the future of project management is not just open—it's intelligent, flexible, and built for how teams truly work.
