Key Takeaways
AI bubble risks mirror those of the dot-com boom and bust.
John Chambers warns of overhyped valuations and volatility.
Up to 80% of AI startups could fail,...
Key Takeaways:
- OpenAI denounced evidence presented in a lawsuit by the New York Times as obtained through hacking.
- OpenAI petitioned a U.S. federal judge to dismiss most of the copyright lawsuit filed by the Times.
- The controversy started in December and has led to legal action by both sides.
OpenAI...
Key Takeaways:
- Project Titan, Apple's long-awaited endeavor into electric cars, has been reportedly terminated.
- Revealed by Bloomberg, the decision was confirmed through an internal memo.
- Nearly 2,000 employees were a part of the business unit responsible for Project Titan.
Apple Inc., the technology giant globally revered for its innovative solutions,...
Key Takeaways:
- Nvidia reports robust earning results suggesting growth in AI hardware sector.
- Stock prices of Nvidia rose by a staggering 16%, boosting the Nasdaq by 3%.
- Intel rolls out the 'systems foundry for the AI era,' offset by Nvidia's impressive performance.
Artificial Intelligence (AI) continues to radically transform the...
Key Takeaways:
- DatologyAI, a data curation startup, has closed a seed funding round worth $11.65 million.
- Amplify Partners led the funding round, with participation from Radical Ventures, Conviction Capital, Outset Capital, and others.
- The funds will be used to develop a system that eases the building of large training...
Key Takeaways:
- OpenTug has raised $3.1 million in a seed funding round, spearheaded by Entrada Ventures.
- This maritime logistics software firm will use the funds to boost development and expand its network.
- OpenTug's marketplace provides access to various marine assets and employs its software to automate numerous operations.
- The...
Tyler Perry Puts $800M Studio Expansion on Hold Amid AI Video Synthesis Concerns
Key Takeaways:
- Filmmaker Tyler Perry suspends $800 million expansion plan for his production studio due to AI's impact on the entertainment sector.
- Perry's decision comes in the wake of OpenAI's release of text-to-video synthesis model, Sora.
- Sora...
Key Takeaways:
- CBA is leading technological innovation in the banking industry.
- It is heavily invested in the development and utilization of AI.
- Analysts can draw significant future banking insights from CBA initiatives.
Commonwealth Bank of Australia (CBA) is steadily proving to be a trailblazer. Focusing its efforts on innovation in...
Key Takeaways:
- OpenAI's Sora is currently under the supervision of red teamers and select artists to prevent AI video misuse.
- OpenAI aims to combat the risk of misinformation and offensive content in AI videos.
- OpenAI Sora intends to leverage its technology to make AI videos more regulated and safer.
OpenAI's...
Key Takeaways:
- Billy Joel has released his first new track in 17 years, complete with a music video featuring artificial intelligence (AI).
- The video for "Turn the Lights Back On" showcases Joel's young self, created with technology from Deep Voodoo.
- The song’s release coincides with the end of Joel’s...
Key Takeaways:
- Nvidia introduces Chat With RTX, a personalized AI chatbot usable on Windows PCs with Nvidia RTX graphics card.
- Chat With RTX uses a combination of retrieval-augmented generation (RAG), NVIDIA TensorRT-LLM software, and RTX acceleration.
- Nvidia's AI chatbot can converse using local files as datasets, enabling contextually relevant...
Key Takeaways:
- The U.K. is urged to prioritize improving its tech skills pipeline.
- Support for local efforts to drive digital transformation is integral for the benefits of technology to be shared nationwide.
- Such measures can ensure that technology’s advantages reach all regions of the country.
Fostering Tech Skills Across The...
Key Takeaways:
- OpenAI has started testing long-term memory with ChatGPT.
- This will allow the AI to maintain information between different sessions.
- The feature is presently available to a minor group of users for beta testing.
- Usually, the AI forgets information once a new session begins.
- Multiple projects have investigated...
A pivotal court ruling in California has largely backed OpenAI, the artificial intelligence lab known for its sophisticated language models, amidst a contentious copyright saga. US District Judge Araceli Martínez-Olguín dismissed most of the allegations lodged by several authors claiming that these powerful models, used in ChatGPT, were trained...
Key Takeaways:
- OpenAI CEO Sam Altman is reportedly in discussions to raise up to $7 trillion for AI chip production.
- This move is in response to the critical shortage of Graphics Processing Units (GPUs).
- The proposed funding is greater than the entire semiconductor industry's current global sales.
- Potential investors...
Key Takeaways:
- CMS has stated that health insurance companies cannot use AI or algorithms to decide care or deny coverage to members on Medicare Advantage plans.
- The clarification followed lawsuits filed against UnitedHealth and Humana, claiming they used a flawed AI tool, nH Predict, to deny care to elderly...
Key Takeaways:
- An elaborate deepfake scam resulted in a multinational company's Hong Kong office losing $25.6 million.
- The scam incorporated a deepfake version of the company's CFO, who appeared to instruct an employee to transfer funds.
- Fraud was reported to the South China Morning Post but the name of...
Key Takeaways:
- The No AI FRAUD act, designed to regulate AI and protect the rights of artists, was discussed in the Home Judiciary Subcommittee.
- Harvey Mason supported federal regulation of AI technology, while Jennifer Rothman questioned a provision of the act.
- Several representatives provided their insight, highlighting the complexities...
Key Takeaways:
- YouTube's paid services, including Premium and Music, have garnered 100 million subscribers.
- The rapid growth could be attributed to YouTube's aggressive promotion of ad-free videos and crackdown on ad-block users.
- YouTube Premium also offers an exclusive high-resolution option and access to YouTube Music on Google's various devices.
YouTube,...
Key Takeaways:
- The Federal Communications Commission (FCC) plans to make the use of AI-generated voices in robocalls illegal.
- FCC reports that AI-generated voices have significantly escalated in the past few years.
- This development comes after an anti-voting robocall using a simulated version of President Joe Biden's voice urged Democrats...
Music lovers on TikTok are set for disappointment as access to chart-topping tracks by world-renowned artists under Universal Music Group (UMG) is discontinued following the breakdown of contract renewal negotiations between UMG and TikTok.
Key Takeaways:
- Universal Music Group (UMG) has announced the potential discontinuation of its contract with TikTok.
-...
