Gestalt It Rundown

A group of investors, led by Elon Musk’s startup xAI and other backers, has made a $97.4 billion bid to take control of OpenAI, aiming to refocus the organization on open-source AI and safety amid rising tensions between Musk and OpenAI CEO Sam Altman over its shift to a for-profit model. Meanwhile, OpenAI is advancing its AI hardware strategy with plans to launch a custom-designed AI chip in 2024, fabricated by TSMC using 3-nanometer technology to reduce reliance on Nvidia. Initially deployed on a limited scale, the chip is designed to optimize AI model performance, with OpenAI’s expanding chip team already working on future iterations with enhanced capabilities. This and more on The Rundown. Time Stamps: 0:00 - Welcome to the Rundown2:44 - Turn/River Capital Acquires SolarWinds5:21 - WEKA Restructure to Focus on AI9:23 - Cisco One Silicon Shows Big at Cisco Live EMEA12:50 - Hammerspace is Changing the AI Training Game17:31 - French President to Invest $112B in AI22:36 - Huawei Shows Revenue Growth Despite B