Seeking Alpha’s roundup of announcements, statements and remarks that could impact the technology sector.
- Nvidia’s (NASDAQ:NVDA) venture capital arm is now a key investor in quantum computing company Quantinuum.
NVentures participated in Quantinuum’s recent $600 million funding round, which valued the company at around $10 billion.
“This capital raise will support Quantinuum’s advancement of quantum computing at scale, which includes continued progress toward the upcoming launch of Helios, the company’s next generation quantum computing system that is expected to launch this year,” Quantiuum said in a statement. “It will also support Quantinuum’s path to becoming the first to perform universal fault-tolerant computing.”
Honeywell (NASDAQ:HON) holds a majority stake in Quantinuum, which has reportedly been eyeing an IPO.
- OpenAI, which is backed by Microsoft (NASDAQ:MSFT), said it’s launching an AI certification program along with a platform to help businesses find workers with AI skills.
“We believe fundamentally that AI will unlock more opportunities for more people than any technology in history, but it will also be disruptive,” said OpenAI CEO of Applications Fidji Simo, according to Bloomberg. “While we can’t eliminate the disruption, we can certainly help more people become fluent in AI and connect them with companies that need their skills.”
OpenAI made the announcement in conjunction with a White House summit on AI that included OpenAI CEO Sam Altman, Bloomberg added. The ChatGPT developer was co-founded by Tesla (TSLA) CEO Elon Musk.
- Meanwhile, economists at the Federal Reserve Bank of New York said a recent regional business survey indicated that AI doesn’t appear to be significantly impacting hiring or firing, at least at this point.
“Businesses reported a notable increase in AI use over the past year, yet very few firms reported AI-induced layoffs. Indeed, for those already employed, our results indicate AI is more likely to result in retraining than job loss,” the economists said in a blog post on Thursday.
“That said, AI is influencing recruiting, with some firms scaling back hiring due to AI and some firms adding workers proficient in its use. Looking ahead, however, layoffs and reductions in hiring plans due to AI use are expected to increase, especially for workers with a college degree,” they added.