Nuke My Money

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Big techs are betting big on nuclear energy. The idea was driven by Helion, a company launched in 2013 and backed by Y Combinator in 2014. The startup worked on the world’s first fusion power plant, which is the way the Sun makes power, enabling a future with unlimited zero-carbon electricity. In 2015, OpenAI CEO Sam Altman displayed immense interest in the startup and has since been the biggest proponent of Helion and nuclear energy. In 2021, Altman led a $0.5 billion Series E, with an additional $1.7 billion of commitments tied to specific milestones. In 2023, entered Microsoft, having shown a great interest in Altman’s OpenAI, and signed a power purchase agreement with Helion to buy electricity from it in 2028. Microsoft is not the only big tech company to have shown interest in the future of nuclear energy. After YC-backed Helion, in the same year, Google partnered with TAE Technologies, another startup working on nuclear fusion power technology, to support it with AI and computational power. Last year, Google and Chevron were part of $250 million in funding for TAE.  What’s more? Tech tycoons like Amazon's Jeff Bezos, along with billionaire investors Bill Gates and Peter Thiel, too have invested in nuclear energy startups. Bezos-backed Canadian firm General Fusion is collaborating with the UK Atomic Energy Authority to build a nuclear fusion facility in the UK by 2025. Gates founded TerraPower, focusing on an American nuclear power plant in Wyoming. Thiel's Founders Fund invested in Transatomic Power, working on nuclear reactors that convert waste to clean energy.  With these influential figures putting their money into nuclear startups, it looks like the nuclear energy race may be running parallel to the AGI race, capturing the imagination of big tech and billionaire investors alike. Read the full story here. No More Claiming Others’ Work OpenAI's ChatGPT has had its share of controversies like claiming authorship of various texts. Well, OpenAI seems to have realised the folly and decided to discontinue with its AI classifier. The decision came after its low accuracy in detecting cheating came under criticism.  Despite promises of ethical AI development, reliable watermarking or detection methods for AI-generated content remain elusive. OpenAI and other tech giants like Google and Microsoft have faced challenges in identifying distinguishing features of AI-generated texts. Recent advancements in large language models have made detection difficult, leading to the shifting of focus towards improving AI content generation instead. Ensuring a responsible use of AI-generated text remains a crucial, yet challenging task. Read the full story here.  Mumbai on Gilbert’s Map Mathematics genius, Professor Gilbert Strang, known far and wide for giving 66 years to MIT, delivered his final lecture to a standing ovation in May 2023. In an exclusive interaction with AIM, he discussed the significance of linear algebra in AI/ML and praised India for its knowledge of the subject.  Professor Strang also acknowledged the role of Mumbai-based Wellesley Publishers in his work and expressed excitement about data science and linear algebra. Post-retirement, he plans to continue lectures and engagements. Strang acknowledged the positive impact of AI, particularly DeepMind's achievements in protein folding. He pondered over AI's impact on teaching and noted its potential in solving maths problems. Read the full interview here. Query Processing Achieves New Performance Aiming to simplify data querying and make it cost-effective for enterprises, Oracle recently made the MySQL HeatWave Lakehouse available to all. This technology allows customers to process and query vast amounts of data kept in object stores like CSV and Parquet formats with the speed of database querying. With machine learning-driven MySQL Autopilot, it optimises query execution for improved performance.  Oracle aims to provide valuable real-time insights by combining object storage and database. MySQL HeatWave Lakehouse's scalability, speed, and performance in query processing set new standards. Oracle believes in a multi-cloud approach, allowing customers to use MySQL features on various cloud platforms securely. Read the full story here. TAUSIF ALAM & AMIT RAJA NAIK Friday, Jul 28, 2023 | Was this email forwarded to you? Sign up here DOWNLOAD OUR MOBILE APP Stay Connected info@analyticsindiamag.com © 2023 Analytics India Magazine

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