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Artificial intelligence
Mistral AI Secures $6 Billion Valuation in Second Funding Round for Open-Source AI
Mistral AI, a French artificial intelligence startup founded just a year ago by former employees of Meta and Google's DeepMind, has achieved an impressive
640 million in its Series B round, led by US venture capitalists General Catalyst,…
Nvidia surpasses Apple in market value as it rises to above $3 trillion
Nvidia has surpassed Apple as the second-most valuable company in the world, thanks to a surge in its share price.
Microsoft is the most valuable company in the world with a $3.15 trillion market value.
Nvidia shares, which are used…
News Corporation signs ‘historical’ agreement with OpenAI
News Corporation announced an innovative, multi-year deal to provide news content from their publications to OpenAI. OpenAI is one of the leaders in artificial intelligence.
The multi-media group, which includes The Wall Street Journal…
Report: AI-related productivity increases in the sectors most affected by AI.
A report says that the sectors of global economy most exposed to artificial (AI) have seen a marked increase in productivity and are commanding a significant wage premium.
A PwC report found that productivity growth in areas of the…
Entrepreneurs who believe AI can save the NHS
Another week of fascinating developments in the field of artificial intelligence. OpenAI, based in San Francisco, unveiled a new model that can translate languages in real-time and tutor children in algebra.
Sundar Pichai, the Google…
BT’s first female boss has the best day since the dotcom boom
BT's first female boss, who pledged to reduce costs by £3bn and heavy investments in broadband upgrades, led the company to its best day since the dotcom bubble.
Allison Kirkby who became the new chief executive officer of the former…
ChatGPT is now available on FT
OpenAI, a Microsoft-backed company, has signed a deal to give its ChatGPT artificially intelligent program access to the Financial Times' archived content.
The details of this tie-up, which is described as a “strategic licensing and…
The competition watchdog is’really concerned’ about the AI dominance of big tech
The UK's Competition Regulator has expressed "real concern" that Apple, Amazon, and Microsoft are using their dominance of the artificial intelligence world in a manner that could harm customers.
The Competition and Markets Authority is…
OpenAI and Meta are ready to launch new AI models that can’reason’
OpenAI and Meta have announced that they are about to release new artificial intelligence models. These models will, according to them, be able of reasoning and planning. This is a critical step towards machines having superhuman cognition.…
Elon Musk says AI will surpass human intelligence in the next few years
Elon Musk claims that the new artificial intelligence models' capabilities will surpass the human intelligence by next year as long as electricity and hardware are available to meet the needs of this increasingly powerful technology.…
Demis Hassabis, DeepMind CEO, warns that huge AI funding can lead to grifting and hype.
According to Sir Demis Hassabis of DeepMind, the surge in money flowing into artificial intelligence is creating a crypto-like buzz that obscures the amazing scientific progress made in the field.
The head of Google's AI division said…
Report: AI “apocalypse” could cost UK jobs of 8m.
A report warns that automation could lead to the loss of 8 million UK jobs. This is a "jobs-apocalypse" for women, young workers, and those with lower wages.
According to the Institute for Public Policy Research, AI could replace…
AI-powered robots can stand up on their own.
The green robot, standing at knee height, shuffled up to the stage of the San Jose Convention Center. A crowd of geeks cheered as it passed. Jensen Huang beckoned to the robot, the founder of AI chip maker Nvidia and one of the wealthiest…
Britain restricts quantum computer exports due to fears of foreign military use
As a result of growing concerns about the potential weaponisation of this technology by foreign militaries, the government is taking action against exports to foreign buyers.
Exporters are prohibited from selling powerful Quantum…
Microsoft and Jeff Bezos raise $675m for an android startup
A start-up company that produces humanoid robotics has raised $675 millions from investors, including some of the biggest technology companies in the world.
Microsoft, OpenAI, Nvidia, and Jeff Bezos the founder of Amazon all participated…
Stability AI rejects claims of photo copyright in High Court Case
Stability AI denied accusations of copyright infringement by Getty Pictures, calling them "vague" and "general". This is the latest conflict between a tech company and a creative firm over intellectual property.
Stability, in a defense…
AI boom raises concerns about water consumption by Big Tech
Water cooling in data centres has increased dramatically for the world's largest technology companies, causing concern over the impact on the environment of the artificial intelligence boom.
Microsoft, Google, and Meta have increased…
Apple faces UK investor protest over rogue AI threat
Apple is being pressed by two of Britain's largest fund managers to provide more information about its ethical policies when using AI. Their concerns range from the use of AI to create fakes and deep ones to customer privacy.
Legal &…