GENERATIVE AI SYSTEMS
Why a proposed ‘robot tax’ could kill tech innovation, impede growth and complicate tax system
On the face of it, a robot tax sounds appealing. This perspective suggests that as robots take over human jobs, a tax could mitigate job losses, provide funding for retraining programmes and support social safety nets, thus preventing the widening of the wealth gap and inequalities. But won't job loss due to AI be a transitory phenomenon in the long run?
What’s self-healing Generative AI? How it works and can revolutionise the finance sector
Self-healing AI technology is revolutionizing artificial intelligence by enabling systems to independently detect, diagnose, and repair issues. This innovation, especially transformative in the Banking, Financial Services, and Insurance (BFSI) sector, enhances reliability, security, and efficiency. By automating problem resolution, it reduces manual intervention, minimizes downtime, and cuts costs, significantly improving operational efficiency and customer experience.
What is Microsoft's VALL-E 2 AI Tool? Know its uses and more
Microsoft's new AI tool, VALL-E 2, excels at mimicking human speech using advanced techniques. Despite its capabilities, it remains a research project due to potential misuse risks.
Who should drive AI adoption — teams or leadership?
While leaders have a pivotal role in bringing in new technologies, AI’s success in manufacturing requires the help of the workforce too.
Samsung Electronics forecasts major Q2 profit jump
Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The world's largest memory chip maker said in a regulatory filing that its April-June operating profits were expected to rise to 10.4 trillion won ($7.54 billion), up 1,452.2 percent from 670 billion won a year earlier.
China leading generative AI patents race, UN report says
Generative AI, which produces text, images, computer code and even music from existing information, is exploding with more than 50,000 patent applications filed in the past decade, according to the World Intellectual Property Organization (WIPO), which oversees a system for countries to share recognition of patents.
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Shadowfax announces AI-based address intelligence system SF Maps
SF Maps aims to improve navigation for delivery partners, thereby assisting e-commerce platforms and Direct-to-Consumer (D2C) brands in reducing cancellations due to address inaccuracies on their platforms.
AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you ok with that?
Some longtime users have attempted to erase their previous contributions or transform them into nonsense, but their efforts have not yielded significant results. A few governments, such as Brazil's privacy regulator on Tuesday, have also attempted to intervene. Meta has also encountered resistance in Europe, where it recently put on hold its plans to start feeding people's public posts into training AI systems
Should you be rushing to pick up the latest AI smartphone?
Samsung leads the smartphone industry with cutting-edge genAI features, while Apple introduces the groundbreaking Apple Intelligence. Sundar Pichai unveils the innovative Gemini AI assistant, and Craig Federighi presents Apple Intelligence, reshaping the future of smart devices with powerful generative models.
The AI boom has an unlikely early winner: Wonky consultants
As the tech industry explores avenues to monetise generative AI, consultants have already started capitalising on its potential profitability. Companies like McKinsey & Co, IBM, and Accenture are experiencing increasing sales and expanding their workforce. This trend is driven by a desperate need for technology experts who can serve as guides, helping businesses understand the implications of generative AI and its potential benefits.
Amazon cloud giant AWS wants public sector to embrace AI
Amazon's AWS, the world's biggest cloud computing outfit, is making a major push to entice the public sector to join the artificial intelligence revolution, as the generative AI race with Microsoft and Google heats up. The scramble for public sector adoption of generative AI comes as Microsoft's cloud business as well as Google Cloud are trying to bite into AWS' leadership of the market.
Infosys working on 225 GenAI programs for clients; enterprise AI will take years to unfold: Nilekani
At Infosys' 43rd annual general meeting, cofounder and chairman Nandan Nilekani talked of the nascent stage of the Generative AI revolution. He also said consumer AI will see rapid adoption but enterprise AI will take several years to mature and have a widespread impact.
Novavente raises $3 million from Highbrow Securities
The partnership with Highbrow Securities is also expected to enhance Novavente's market credibility as it prepares for a public listing on the London Stock Exchange. The sales consulting firm will use the fresh funds to fuel expansion plans and enhance offerings and services. Beyond its core business, Novaventa has also invested in developing generative AI products.
India's AI spending to touch $6 billion by 2027: IDC
Indian AI adoption is projected to boost AI spending to USD 6 billion by 2027, driven by IDC's insights on Generative AI and GenAI-enabled delivery, emphasizing the importance of digital transformation for Indian service providers.
Apple and Meta have discussed AI partnership: report
Meta Platforms discussed integrating its generative AI model into Apple's AI system. AI startups Anthropic and Perplexity also in talks with Apple, as reported by the Wall Street Journal.
Multiple AI companies bypassing web standard to scrape publisher sites, licensing firm says
Perplexity likely bypassed web crawler blocks via the Robots Exclusion Protocol, as reported by Wired, using analytics to track AI traffic.
Can AI answer the needs of smaller businesses? Some push to find out
Economists generally believe that the diffusion and adoption of generative AI will occur much faster, in part because information flows more quickly than it did in the past.
IMF calls for stronger social safety net to 'broaden' gains from AI
Fiscal policy has a "major role to play" in broadening the financial gains from generative AI technology and preventing a spike in wealth inequality, the IMF said Monday. "Fiscal policy has a major role to play in supporting a more equal distribution of gains and opportunities from generative-AI," IMF staff wrote in a blog post published to accompany the new paper.
AI is making robots smarter. They’ll need boundaries
Robots are already roaming factory and warehouse floors, and AI will make them smarter and more agile. As is usually the case with new technology, the military is prodding innovation.
After lagging behind Big Tech, Apple expected to kickstart AI efforts
Big Tech, including Microsoft, OpenAI, and Meta Technology, has heavily invested in AI over the past year. Apple, the third most valuable tech company, is set to make a move into generative AI at its annual World Wide Developers Conference. CEO Tim Cook has hinted at Apple's entry into Gen AI, catching up to its rivals in the AI race.
Apple to break AI silence at developers conference
Apple on Monday will attempt to persuade doubters on its AI strategy after rivals raced ahead in adopting artificial intelligence. ChatGPT-style AI voraciously feeds off data and Apple will be at pains to fight the AI race while living up to its traditional position on safeguarding data privacy.
Apple faces pressure to deliver on AI at developer conference
Apple is expected to make the case next week that it is not being left behind as tech world rivals blaze ahead with artificial intelligence. Since Apple makes most of its money from selling iPhones and other hardware, AI integrations will likely focus on its devices and services working more seamlessly together, said Creative Strategies analyst Carolina Milanesi.
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO
Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships. Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships.
OpenAI, Google DeepMind's current and former employees warn about AI risks
The letter further warns of risks from unregulated AI, ranging from the spread of misinformation to the loss of independent AI systems and the deepening of existing inequalities, which could result in "human extinction."
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.
Google is using AI to answer your health questions. Should you trust it?
Google AI Overviews, utilizing generative AI, presents search answers with a mix of reputable and commercial sources. Experts raise concerns about accuracy and clarity in medical responses, emphasizing the need for critical evaluation and reliance on trusted sources.
Build your superstructure
As generative AI continues to evolve, the debate over its development and release models becomes important. Across the foundation models driving the explosion of GenAI are two broad philosophies for the development and release of this tech: open- and closed-source models.
Meta identifies networks pushing deceptive content likely generated by AI
Meta found 'likely AI-generated' content on Facebook and Instagram, including comments praising Israel's handling of the Gaza war. The content was attributed to a Tel Aviv-based political marketing firm, STOIC.
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