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Microsoft fund backs British AI predictions start-up Mantic
Sky News17d agoneutral
Microsoft fund backs British AI predictions start-up Mantic

A London-based start-up which claims to have built an AI system capable of predicting global events has raised funds from a group of investors including Microsoft's ventures arm. Sky News has learnt that ManticAI, whose founders include a former Google DeepMind engineer, has raised over $20m in a funding round jointly led by Balderton - one of the early backers of Revolut - and Radical Ventures, a Canadian investment fund. ManticAI emerged from stealth just over a year ago, and made headlines by beating a number of human forecasters in a competition to predict events ranging from hostilities between Donald Trump and Elon Musk to Kemi Badenoch being removed from the Conservative party leadership.

💬Money Quote: Palantir’s Alex Karp on AI’s Political Fallout
The Wall Street Journal17d agobearish
💬Money Quote: Palantir’s Alex Karp on AI’s Political Fallout

📣 “You can’t have a revolution where I become 50 times wealthier and everyone else becomes 10% wealthier. It’s going to drive political insanity.” —Palantir CEO Alex Karp, sharing his belief with CNBC’s “Squawk on the Street” that the advent of artificial intelligence could lift most people economically and still ultimately create economic inequality.

Patriot Missile Sprint Is Running Ahead of Plan, CEO Says
The Wall Street Journal17d agobearish
Patriot Missile Sprint Is Running Ahead of Plan, CEO Says

Lockheed Martin’s CEO said the weapons maker was running ahead of schedule on its plan to more than triple production of sorely needed Patriot missiles. The massive orders will change the share of revenue that the company generates from missile sales, Taiclet said Thursday.

Coinbase CEO recalls sending one bitcoin to entice early users
Yahoo Finance Video17d agobearishVIDEO
Coinbase CEO recalls sending one bitcoin to entice early users

Scott Melker sits down with Coinbase (COIN) CEO Brian Armstrong to discuss the future of bitcoin (BTC-USD), why it could hit $400,000 by 2030, and Armstrong's memory of sending one bitcoin to users as an incentive to use the platform. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.