Linz JKU professor Sepp Hochreiter is experimenting and researching more efficient artificial intelligence (AI). The OÖN reported on the start-up NXAI, which he co-founded with Stefan Pierer and the Linz company Netural X. Most recently, around ten million dollars were spent on higher computing power to train the AI. For the next round of financing, we are thinking of 100 million dollars (93 million euros), said Hochreiter to the “Frankfurter Allgemeine Zeitung”. Hochreiter cannot be reached.
The money will mainly come from European investors, and Amazon and Microsoft are also likely to come on board to compete with OpenAI with the AI ChatGPT.
On Monday, its founder, Sam Altman, is expected to announce a new AI search engine, according to network reports, a day before the Google conference. This IT group is also expected to present a number of AI products.
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