Exor

Headlines · 2

1. Oct 9
   Revolut builds own foundation models as CEO eyes Meta-scale ambition

   Revolut CEO Nik Storonsky said at the Wave by Vento event in Turin that the company already trains its own foundation models on transaction data, along with its own large language models and data centres. He said AI agents will be able to shop for customers using Revolut's secure card details, that the company plans AI advice on spending, stocks and funds, and that it will open its platform so third-party agents can talk to its own agents through MCP, with every action authenticated by the customer. Revolut previously partnered with OpenAI to bundle ChatGPT Go into its subscriptions.

   The Next Web · 🔥 0
2. Oct 7
   Alibaba's Joe Tsai: open source is Europe's only path to AI independence

   Alibaba chairman Joe Tsai said at the Wave by Vento event in Turin that open-source AI is the only way for Europe to achieve technology independence and "AI sovereignty," urging the region to build its own computing infrastructure to train and run models. He said Alibaba narrowed itself in 2023 to two businesses — e-commerce and "full-stack" AI — and uses about $25bn a year of e-commerce free cash flow to fund the AI push, doubling computing-infrastructure capex each of the past three years. Tsai also estimated US hyperscalers will invest roughly $1tn this year, a scale China cannot match, though China accounts for about 30% of global industrial production, giving it valuable factory data and EV, battery and robotics supply chains.

   Bloomberg Technology · 🔥 0

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