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Seeking Alpha’s roundup of announcements, statements and remarks that could impact the technology sector.
- Tesla (NASDAQ:TSLA) CEO Elon Musk said his company is currently testing a new Full Self-Driving model.
“Tesla is training a new FSD model with ~10X params and a big improvement to video compression loss. Probably ready for public release end of next month if testing goes well,” Musk said in a post on X.
- Apollo Management (NYSE:APO) said Apollo-managed funds have agreed to take a majority stake in data center operator Stream Data Centers.
“With Apollo Funds’ capital and strategic support, SDC plans to scale platform-wide development to meet accelerating demand from hyperscale cloud and AI providers across key Tier 1 and Tier 2 U.S. markets,” Apollo said in a statement.
“Stream Data Centers represents a landmark digital infrastructure transaction for Apollo,” Apollo Partners Joseph Jackson and Trevor Mills said in the statement. “With deep development expertise and a valuable long-term land fund in key growth markets, we believe SDC is uniquely positioned to serve the infrastructure needs of the world’s most sophisticated technology customers.”
- OpenAI, which is backed by Microsoft (NASDAQ:MSFT), is only charging federal agencies $1 per year to access an enterprise version of its ChatGPT AI chatbot.
“The focus of this effort is not to gain a market advantage over competitors. It is to scale the adoption of artificial intelligence across the federal workforce,” said Joe Larson, OpenAI’s vice president of government, in an interview with Bloomberg. “The private sector is embracing AI. We don’t believe the government should be left behind.”
Bloomberg noted that the General Services Administration has also approved Alphabet (GOOG) (GOOGL) and Anthropic as AI software vendors for the federal government.