Tag Archives: artificial intelligence

According to CEO, the company needs to employ “thousands” of people to maintain its growth potential and margins. Cloud-based software firm, Salesforce, is planning to boost its employee numbers by hiring 3,300 specialists. Chief Executive Marc Benioff revealed this while speaking to Bloomberg at the company’s annual Dreamforce conference. The announcement follows the company’s decision to lay off 10% of its employees in January. Amid an effort to increase profits, Salesforce cut about...

According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in AI interest and related tech stocks might be weak, Goldman Sachs states that the popularity of these stocks is more of a revolution than a bubble. Some...

OpenAI’s decision to open an office in Dublin places it among the growing list of US tech companies establishing a presence in the Irish capital.  OpenAI, one of the world’s foremost leaders in Artificial Intelligence (AI) research, has announced the opening of a new office in Dublin, marking its third office worldwide. With its headquarters in San Francisco and a London office opened just a few months prior, OpenAI’s decision to set up shop in Dublin underscores the company’s commitment...

Kalra expressed deep concern about the unauthorized use of AI to create digital replicas of actors and artists. California legislator Ash Kalra has introduced Assembly Bill 459 (AB 459) with the primary aim of safeguarding actors, artists, and entertainers within the entertainment industry from potential artificial intelligence (AI) risks, particularly generative AI. The bill’s central objective is to mandate the inclusion of consent clauses in employment contracts within the entertainment...

EY says that its new AI tool will help client and client users with the responsible adoption of AI, for strategy, tax, and other purposes. British multinational professional services giant EY has announced a new artificial intelligence (AI) tool to offer AI-powered services to its clients. The new tool, EY.ai, will help clients with responsible adoption of AI for various functions, including transactions, strategy, assurance, risk, and transformation. In a Wednesday press release, EY noted...

Alibaba’s development of AI offers significant benefits to the strength of the Chinese technology sector. By making Tongyi Qianwen accessible to the Chinese community, there is potential for widespread innovation if used correctly. Leading Chinese tech company Alibaba has made a significant announcement regarding the accessibility of its AI model Tongyi Qianwen to the public. This decision comes on the heels of what appears to be government approval from the Chinese authorities, allowing...

This would be one of the biggest gatherings between US lawmakers and top tech personalities wherein they would be discussing the future of AI. Later today on Wednesday, September 13, more than 20 tech industry leaders are meeting behind closed doors with the US senators to look into how Congress can regulate artificial intelligence (AI). Top tech personalities such as Elon Musk, Mark Zuckerberg and Bill Gates are meeting. Expected attendees at the event include Senators Mike Rounds,...

Arm’s processors are already playing a significant role in AI workloads, particularly in smartphones. As investors eagerly await the Initial Public Offering (IPO) from Arm Holdings Ltd, the semiconductor industry is basking in the glow of the Artificial Intelligence (AI) boom, exemplified by Nvidia Corp (NASDAQ: NVDA) which has printed a staggering 200% rally this year.  However, a recent report from CNBC highlighted that Arm’s proposition differs significantly from Nvidia’s in terms of...

According to those familiar with the matter, the new AI system developed by Meta will allow companies to develop services that produce sophisticated text, analysis, and other output. Meta Platforms Inc (NASDAQ: META) is reportedly developing a new open-source AI system that is expected to be more powerful and advanced than the GPT-4 model offered by OpenAI. Besides, its capacity will be twice as high as Llama 2 – the latest AI model released by Meta and Microsoft Corporation (NASDAQ: MSFT)...

Nvidia will provide Jio with extensive AI supercomputer solutions while Reliance’s Jio Platforms will oversee the AI cloud infrastructure’s management. In a major development on Friday, September 8, Reliance Industries’s Jio Platforms joined hands with GPU giant Nvidia to build large language models on AI. In the announcement, the company said that this AI model will be based on the regional Indian languages. “Large language models” refer to natural language processing systems that...