OpenAI CEO warns of potential exit from Europe if the firm fails to meet regulatory requirements for the forthcoming AI rules. OpenAI, the brains behind the famous and controversial artificial intelligence (AI) ChatGPT, said Wednesday that it might consider leaving Europe if it faces challenges complying with the upcoming AI regulations in the region. Based in the United States, OpenAI encountered a major legal snag in Italy last month when its Data Protection regulator banned it from...
Read More »Adobe and Blizzard Unveils Generative AI Tools to Enhance Human Productivity
Adobe and Activision Blizzard, two of the biggest names in the technology industry, have introduced new generative artificial intelligence tools designed to assist humans. Leading technology giants Adobe and Activision Blizzard have introduced generative artificial intelligence (AI) tools to improve human creativity, not replace them. The move aims to streamline processes and empower artists and designers to produce high-quality content. Adobe, the renowned graphic software maker,...
Read More »Apple Bans Use of ChatGPT by Staff, Fearing Data Leaks
With increasing concern over data leaks, AI tool makers are working to assure concerned users that their data is safe. Apple has banned the use of the AI tool ChatGPT among its employees in a bid to prevent data breaches and leaks. This was reported by the Wall Street Journal, which cited an internal memo from the company. Apple and Other Companies Are Concerned about Data Safety The restriction makes Apple one of several businesses that are limiting the use of the software by some of its...
Read More »ChatGPT App for iOS Is Live, OpenAI Planning to Launch Android Version
Previously, one of the simplest ways to access OpenAI’s software on a mobile device was to use Microsoft’s Bing app which offers access to ChatGPT. Now, with the app, using the chatbot will be easier and faster. OpenAI Inc, a research laboratory that focuses on artificial intelligence (AI), has announced the launch of an iOS version of the ChatGPT app. According to the company, later, the app will also be available on Android. It will first be rolled out for users in the US, with more...
Read More »Goldman Sachs Expects AI Tech to Boost S&P 500 Profits by 30% Over Next Decade
The investor community is brewing with optimism as it expects AI to drive profit growth at a time of rising borrowing costs and supply chain problems Although the onslaught of artificial intelligence (AI) is creating a major disruption in the market date, banking giant Goldman Sachs is bullish about the tech and expects it to boost the S&P 500 profits over the next decade. The emergence of ChatGPT from OpenAI and several AI platforms subsequently, has created a significant storm in the...
Read More »Tencent Q1 2023 Earnings Statement Rides High on Increased Payment Volumes, Ad Sales, Gaming
Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations. Tencent Holdings posted its Q1 2023 results, reflecting the company’s fastest jump in quarterly revenue in over a year. The latest quarterly figures also mark a resounding rebound for the Chinese tech giant following a series of underwhelmingly flat quarters. For Q1 2023, Tencent posted an 11% year-over-year revenue jump to 150 billion Chinese yuan ($21.4 billion) compared...
Read More »Google Cloud Launches Two New AI Solutions to Speed Up Drug Discovery & Precision Medicine
Google Cloud’s AI-enabled ‘Target and Lead Identification’ and ‘Multiomics’ Suites are set to improve drug discovery and precision medicine. Google Cloud has launched two AI-powered solutions to speed up drug discovery and advance precision medicine for relevant companies. On Tuesday, the tech giant’s cloud computing suite said its newly-launched AI-powered tools would immensely help biotech and pharmaceutical companies. One of the tools, the Target and Lead Identification Suite, can...
Read More »Google Launches New Tools for Identifying Fake AI Images
Google has unveiled two handy features for identifying, marking up, and labeling fake or misleading AI images. Google (NASDAQ: GOOGL) is rolling out a tool that identifies fake artificial intelligence (AI) images generated via its search feature. Reports state that the company’s new feature would reduce the spread of misinformation by identifying misleading AI imagery. Google’s new image search tools prove handy since AI tools can now seamlessly create photo-realistic imitations....
Read More »MakerDAO Plots New AI-Inspired Blockchain, Publishes Roadmap
The new blockchain called NewChain will be closely linked with Ethereum, promising increased governance security of the ecosystem. MakerDAO, the issuer of the DAI stablecoin, has revealed its plans for a major update it calls the “Endgame”, this follows after the platform recently published a detailed roadmap of the upcoming update. According to the May 11 announcement, the update will take place in five phases and will effect changes that will use artificial intelligence (AI) tools and...
Read More »PEPE Whale Puts Attention to Turbo – ChatGPT Created Memecoin
Memecoin Turbo, created entirely from scratch using ChatGPT 4, has gained massive momentum with its market cap reaching $100 million within 10 days of launch. A whale holding a massive quantity of the frog-themed memecoin PEPE has recently generated a new trade in a token dubbed Turbo (TURBO), created by using ChatGPT’s language model for just $69. A whale, who was an early investor in Pepe coin and earned $14.5 million in profits, has been aggressively buying Turbo since the beginning of...
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