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Tag Archives: artificial intelligence

Klarna Launches AI Tool to Help Users Identify Items for Purchase

The tool will use AI to provide users with information on goods around them through the Klarna app by simply pointing their phones at items. Swedish fintech startup Klarna has launched an image recognition tool powered by artificial intelligence (AI). Using AI, Klarna wants to help people identify goods they would like to purchase. The new AI feature on the Klarna app allows users to point their phones at products to find information about similar items via the Klarna app. Klarna launched...

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Saudi Arabia Working with China to Build Arabic-focused AI System

Saudi Arabia and Chinese universities to work on AceGPT, an Arabic-focused AI system based on Meta’s LlaMA2, designed as an AI assistant for Arabic speakers. Every big country on the planet has been spearheading efforts to build new artificial intelligence (AI) systems. Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) has joined forces with two Chinese universities to create an Arabic-focused artificial intelligence (AI) system. This large language model (LLM),...

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Analysts Predict: Generative AI Will Face Reality Check Next Year

CCS Insight predicts that the EU will indeed be the first to introduce specific regulations for AI. CCS Insight, a leading technology research firm has made a bold prediction that generative Artificial Intelligence (AI) is in for a reality check in 2024, as the hype surrounding this transformative technology gives way to the practical challenges it poses. The Cold Shower for Generative AI in 2024 According to recent reports, CSS Insight shared this prediction in its annual roundup of top...

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Google Cloud Announces AI Search Capabilities for Doctors

Doctors will be able to access the information by asking tool-specific questions instead of going through notes and electronic health records. Google Cloud has announced that it has added new AI-powered search capabilities aimed at helping clinicians access accurate information across various types of medical records. While the healthcare industry has a wealth of valuable and potentially useful information, clinicians are sometimes faced with the challenge of lack of access as it is stored...

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EU Exploring Stricter Regulations for Large AI Models under Pending AI Act

Under the Act, companies building and deploying AI models would need to perform risk assessments and label AI-generated content. European Union (EU) negotiators are reportedly discussing placing additional restrictions on large artificial intelligence (AI) models as part of the upcoming AI Act. According to a Bloomberg report, representatives from the European Commission, European Parliament, and EU countries are in talks to implement a plan that would address the issues associated with...

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OpenAI May Start Manufacturing AI Chips for Itself

There is a growing interest in generative AI space, which has inadvertently resulted in increased demand for Graphical Processing Units (GPUs). OpenAI, the company widely known for its artificial intelligence (AI) chatbot ChatGPT, is reportedly interested in manufacturing custom AI chips. According to a Reuters report, which cited inside sources, OpenAI may already have its eyes set on an unnamed company it intends to partner with, even as its chip-making ambitions go into full throttle....

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OpenAI Rival Anthropic Taps Google and Others to Raise $2 Billion

With the massive fundraise, Anthropic will focus on making significant developments on Claude Next and increase spending to boost its AI model. A week after raising $1.25 billion from tech giant Amazon, OpenAI rival firm Anthropic has tapped Google and others to raise an additional $2 billion in fresh funding. Google had already picked up a 10% stake in Anthropic last year in 2022. Sources familiar with the matter stated that Google is planning to raise its stake further. The two-year-old...

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Softbank CEO Implores Japan to Wake Up to AI Adoption

Softacom CEO predicted that Artificial General Intelligence (AGI) would be realized within the next decade. Masayoshi Son, the founder and CEO of SoftBank Group Corp (TYO: 9984), has advised businesses in Japan to embrace the potential of Artificial Intelligence (AI) and called for early adoption. Son delivered the statement while speaking at the recent SoftBank World corporate conference, an annual event for the company’s corporate clients in Japan. Son’s keynote address brimmed with...

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Deep Fake: Tom Hanks, Others Decry AI-Generated Videos of Self

The news of the deep fake videos comes as the daughter of late comedian Robin Williams expressed her displeasure at AI-generated recreations of her father’s voice. Actor Tom Hanks has publicly denounced a deep fake video of himself promoting a dental plan. Hanks took to Instagram to warn his 9.5 million Instagram followers not to fall for the advert. Hank said: “There’s a video out there promoting some dental plan with an AI version of me. I have nothing to do with it.” Hanks has...

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Character.AI Eyes Impressive Funding at Over $5B Valuation

The potential deal might put the company’s value anywhere from $5 billion to $6 billion. Character.AI, an artificial intelligence startup founded by former Google employees, is in the early stages of discussions to secure substantial funding, possibly exceeding $5 billion in valuation, Bloomberg reported on Thursday, citing people familiar with the matter who wished to remain anonymous. According to the report, the company, having emerged as an early frontrunner in the realm of generative...

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