AI TECH
Microsoft's hiring of former Inflection AI staff prompts UK probe
UK's CMA is investigating Microsoft's $650 million deal and hiring of Inflection AI staff, founded in 2022 by Mustafa Suleyman, involving investors Eric Schmidt and Bill Gates. Decision due Sept. 11. Microsoft's ties with OpenAI, Mistral AI, Amazon-Anthropic are under review. Microsoft, relinquishing an OpenAI board seat, asserts hiring promotes competition in an emailed statement.
How Microsoft's Satya Nadella became tech's steely-eyed AI gambler
Nadella, Microsoft's CEO, had his eyes on a Silicon Valley startup called Inflection AI. The company's CEO, Mustafa Suleyman, was one of the founders of the pioneering artificial intelligence company DeepMind.
Samsung brings tech's latest fashion to wearable technology with AI twists in new watch and ring
The South Korean electronics giant on Wednesday revealed that both its first-ever premium smartwatch and a smart ring heralding its entry into a niche market will include AI features that are supposed to help people monitor and manage their health.
AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race
AMD will acquire Finnish AI startup Silo AI for $665 million to boost AI chip capabilities and improve AMD-powered models and software. AMD Senior VP Vamsi Boppana noted it "unlocks significant business." Silo AI's customers include Philips, Rolls-Royce, and Unilever. CEO Peter Sarlin will lead the unit, with the deal closing in the second half of 2024.
Microsoft ditches OpenAI board observer seat amid regulatory scrutiny
iPhone maker Apple had also been expected to take an observer role on OpenAI's board but would not do so, the Financial Times reported, citing a person with direct knowledge of the matter. Apple did not respond to a request for comment.
Get AI's mojo back intelligently
As AI emerged, it was met with optimism, but soon concerns over AI safety, explainability, data privacy, and deepfakes overshadowed the excitement. Experts began to caution that AI could threaten humanity's existence. To harness the positive potential of AI, we must rekindle the initial hope, joy, and curiosity associated with technological advancements.
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Meta's new tech can create 3D assets from text prompts within minutes
3D assets are digital files representing objects in three-dimensional space. Hulk in the Avengers movies is an example. The technology is based on two existing models of the company: AssetGen which generates 3D objects and TextureGen for its texturing.
Explained: Why is France targeting Nvidia?
France's antitrust regulator is set to charge Nvidia in relation to alleged anti-competitive practices. The move comes after dawn raids by French authorities in September last year, which sources said targeted Nvidia. The raids were the result of an ongoing probe into the cloud computing industry.
AI-focused tech firms see big jump in market cap in June
Nvidia shares rose as much as 27% in June, boosting its market capitalization to $3.34 trillion, before giving up some of their gains later in the month, due to profit booking and concerns over its high valuations.
AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs
European Commission assesses tech partnerships for merger control compliance, focusing on potential market concentration effects. Regulators worldwide scrutinize Big Tech's dominance in AI, raising concerns about access for smaller developers. Vestager leads investigations into exclusive clauses and talent acquisitions, aiming to prevent monopolistic practices and promote fair competition.
Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
Benefiting from the high demand for memory chips, Micron Technology's revenue exceeded expectations in the third quarter. However, the company's forecast for the fourth quarter fell short of optimistic investor expectations, leading to a stock price decline. Micron's unique position in the semiconductor market is driven by the widespread usage of its high-bandwidth memory chips in advanced AI systems.
US proposes targeted restrictions for AI, tech investment in China
The U.S. proposed rules to regulate investments in China to prevent sensitive technology development, supported by Treasury Assistant Secretary Paul Rosen.
Ilya Sutskever’s new startup is the latest of many AI ventures coming out of Big Tech
Ilya Sutskever left OpenAI last month and is launching his own startup soon. This is the latest in a larger trend of professionals leaving tech titans to establish their own startups, pursue their own goals and avoid commercialisation of products.
OpenAI CEO Sam Altman says company could become benefit corporation: report
One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, the report said, citing a person who heard the comments.
India’s tech spending to grow highest in APAC in 2024: Forrester
Technology spending in India is projected to grow by 10.8% to reach approximately $54.5 billion in 2024, the highest in Asia Pacific regions, as per a Forrester report. The spending in AI-augmented software and services will lead the growth in IT categories.
HCL Technologies launches Enterprise AI Foundry
HCL Technologies said in a media release that, the company launch of HCLTech Enterprise AI Foundry to "simplify and scale enterprise AI journeys." The release further added, that this platform will effectively enable business leaders to focus on real-world outcomes and help development teams build next-gen AI-powered applications with ease.
Explainer: Why the few big AI players worry US antitrust regulators
U.S. antitrust enforcers are investigating Big Tech's impact on the AI sector, looking into potential competition issues. Key concerns include data access advantages, impact on workers, and partnerships with Big Tech firms.
ByteDance plans $2.1 billion investment in Malaysia for AI, minister says
As part of the deal, the latest in a number of global tech companies expanding into Southeast Asia, ByteDance will also expand its data centre facilities in Malaysia's Johor state through an additional 1.5 billion ringgit investment, Investment, Trade And Industry Minister Tengku Zafrul Aziz said.
Banks say growing reliance on Big Tech for AI carries new risks
European banking executives express concerns about banks' increasing dependence on big U.S. tech firms due to the boom in artificial intelligence, driven by the popularity of AI applications like OpenAI's ChatGPT for fraud detection and money-laundering.
US clears way for antitrust inquiries of Nvidia, Microsoft and OpenAI
Federal regulators are proceeding with antitrust investigations into Microsoft, OpenAI, and Nvidia in the AI industry. The Justice Department and FTC are leading the investigations, signaling increased scrutiny into AI technology.
New govt to build on past success in tech; more initiatives in offing, says IT Secretary
NDA set to form government for a third term, IT Secretary S Krishnan discusses tech initiatives. Meity to continue new initiatives, build on past successes.
Data protection, AI rules top tech’s wishlist for next govt
Technology policy lawyers, think tanks and policy groups are making a list of priority items for the new leadership at the IT ministry after the results of the general elections. The Digital Personal Data Protection (DPDP) Rules seem to top the list, along with regulation of AI and the Digital India Bill.
Eye on AI: Tech giants form industry group, Apple-OpenAI deal and other top developments
Google, Microsoft, Intel and other tech companies have come together to take on chipmaking giant Nvidia. Apple partners with OpenAI. The ChatGPT maker is training its new flagship model to succeed GPT-4. Google is putting limits on AI search experience. French unicorn startup Mistral releases generative AI model for coding.
The new ChatGPT offers a lesson in AI hype
OpenAI highlighted ChatGPT-4o's improved reasoning abilities but tests showed mixed results. The bot struggled with logic puzzles like the Where's Waldo? puzzle and made errors in reasoning.
Indian AI firms may face extra costs as EU’s AI Act kicks in
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
LLMs can help reduce polarisation in elections: report
A report titled ‘An AI Experiment for Augmented Democracy in India’ highlights the positive aspects of using AI in elections to help overcome traditional obstacles in future, making them essential in modern political contexts. However, cybersecurity experts have voiced concerns about the potential misuse of AI and deepfake technology, to sway voters.
Top EU data regulator says tech giants working closely on AI compliance
Des Hogan, Data Protection Commissioner in Ireland, highlighted the broad powers of national regulators to enforce changes in AI products for data privacy compliance.
EU industry chief urges US to pass new tech rules, foster shared digital market
EU's industry chief calls for new tech regulations for global digital market. Leading in tech regulation with DMA and AI Act. U.S. facing antitrust lawsuit against Apple by Department of Justice.
Govts, tech firms vow to cooperate against AI risks at Seoul summit
More than a dozen countries and some of the world's biggest tech firms pledged on Wednesday to cooperate against the potential dangers of artificial intelligence, including its ability to dodge human control, as they wrapped up a global summit in Seoul. These dangers also include an AI model that could potentially "evade human oversight, including through safeguard circumvention, manipulation and deception, or autonomous replication and adaptation", they added.
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