AI

September 14, 2024 10:40 AM

OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors, Reuters reported. The details of the conditions of the $6.5 billion funding, which have not been previously reported, show how far OpenAI, the most valuable AI startup in the world, has come from a res...

September 13, 2024 9:10 PM

Billion-Dollar Dreams: How India-UAE Tech Alliance is Shaping the Future of Innovation

A high-profile delegation from the National Association of Software and Service Companies (NASSCOM) visited the UAE this week and is actively exploring market opportunities, investment prospects, and the legal framework in the UAE, aimed at boosting the Indian technology industry's footprint in the region. The NASSCOM delegation also attended the two-day AI and Web3 summit at Madinat Jumeirah, Dubai. During a key address at a business event on September 13th at Dubai, the. NASSCOM lea...

September 13, 2024 12:54 PM

As storm Bebinca approaches, Taiwan uses AI to predict typhoon paths

As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path - artificial intelligence (AI). AI-generated forecasts, some powered by software from tech giants including Nvidia, whose chips are made by Taiwan's homegrown semiconductor champion TSMC, have so far outperformed traditional methods in predicting typhoon tracks. In July, it was AI-based...

September 10, 2024 2:23 PM

South Korea summit announces ‘blueprint’ for using AI in the military

A global summit in South Korea on Tuesday announced a "blueprint for action" to govern responsible use of artificial intelligence (AI) in the military, with more practical guidelines than a similar document last year, but still legally non-binding. It was not immediately clear how many of the 96 nations that sent government representatives to the summit, including the United States and China, are endorsing the document. The Responsible AI in the Military Domain (REAIM) summit in Seoul, the sec...

August 21, 2024 4:03 PM

Big Tech wants AI to be regulated. Why do they oppose a California AI bill?

California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition. Here is background on the bill, known as SB 1047, and why it has faced backlash from Silicon Valley technologists and some lawmakers: WHAT DOES THE BILL DO? Advanced by State Senator Scott Wiener, a Democrat, the proposal would mandate safety testing for many of the mo...

August 15, 2024 4:29 PM

Google brings AI answers in Search to new countries

Google parent Alphabet said on Thursday it was expanding its AI-generated summaries for search queries to six new countries, just two months after it rolled back some capabilities following a problem-riddled launch. The search giant made AI Overviews - which are displayed atop a search results page before traditional links to the Web - available to all U.S. users in May after spending one year trialing a limited earlier version. The feature was widely panned after screenshots of factually inac...

August 2, 2024 11:17 AM

Apple pins hopes on AI for iPhone upgrades as China sales falter

Apple said its third-quarter iPhone sales were better than expected and forecast more gains on Thursday as it bets on artificial intelligence to attract buyers, even as its overall China business disappointed. Shares of the company rose nearly 1% in extended trading, outperforming other tech stocks that were broadly lower. Apple is expected to launch this fall what analysts have called the biggest software upgrade for the iPhone. It includes artificial intelligence features and comes at a time...

July 26, 2024 2:47 PM

Meta oversight board tells company to clean up rules on AI-generated pornography

Meta's Oversight Board on Thursday said the company's rules were "not sufficiently clear" in barring sexually explicit AI-generated depictions of real people and called for changes to stop such imagery from circulating on its platforms. The board, which is funded by the social media giant but operates independently, issued its ruling after reviewing two pornographic fakes of famous women created using artificial intelligence and posted on Meta's Facebook and Instagram. Meta said it would revie...

June 9, 2024 4:16 PM

AI to Create New Job Opportunities, Improve Healthcare Access: Industry Experts

At a seminar titled 'Future is Exciting' hosted by the Consulate General of India in association with the Services Export Promotion Council Ministry of Commerce, Govt of India, Symbiosis International University Dubai, and Indian Women in Dubai, industry veterans and academicians highlighted the potential of artificial intelligence (AI) to create new types of jobs and enhance access to healthcare services. Harish Dunakhe, Senior Research Director at IDC, stated, "Artificial Intelligence is goin...

May 28, 2024 3:50 PM

Wipro to develop AI driven tech to reduce risks of cardiovascular disease

Wipro announced partnership with the Centre for Brain Research (CBR) at the Indian Institute of Science (IISc) Bengaluru to develop a personal care engine to reduce and manage the risk of cardiovascular disease by utilizing AI, the company informed the exchange in its filing. The company announcing the partnership on Tuesday informed that the collaboration will develop new technologies for prevention and management of long-term health disorders and to provide precision support for these disease...