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AI
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 &…
Intel will manufacture chips for Microsoft, as AI drives demand
The companies have announced that Intel, a US chip manufacturer, will produce high-end semiconductors exclusively for Microsoft. Intel is competing with TSMC, Samsung and other suppliers to provide the next generation silicon for artificial…
Nvidia declares AI ‘tipping point’ as quarterly revenues jump 265%
Nvidia's shares surged on Wednesday night, after the company announced a 265 percent increase in quarterly revenues and forecasted even higher sales due to an artificial intelligence spending frenzy.
The fourth quarter revenues were…
Nvidia’s results put talk of tech bubble at centre stage
Jensen Huang told a conference in Dubai last week: "This is the beginning of a new industrial revolution. This is about the production, not of energy, not of food, but of intelligence. Every country should produce their own intelligence.…
Relx increases dividends after AI demand soars
Relx increased its dividends and began a £1-billion share buyback in response to the strong demand for its artificial intelligence (AI) products from scientists and lawyers, and its continuing recovery in its events business.
In the…
Shares of Arm are up almost 50% due to AI demand
Arm shares soared almost 50% on Thursday, after the UK chip manufacturer reported higher revenues, boosted by a strong demand for artificial Intelligence.
SoftBank-backed Arm raised its outlook for earnings after it reported revenue of…
SoftBank retorts, vowing to pursue new AI investments
A leading tech investor in the world has announced a profit for the first quarter since more than a full year. This was due to a windfall from T-Mobile shares and rising stock prices.
Softbank posted a net income of $6.4 billion in the…
BP boss: AI will cause global gas demand to surge.
The head of BP predicted that the AI revolution would trigger a global demand surge for fossil fuels. BP said it will ramp up its gas production over the next few years.
Murray Auchincloss said that demand for energy, including renewable…
Microsoft AI advancements boost revenues to $62bn
Microsoft's Cloud and Windows services helped it beat Wall Street forecasts of revenue for the second quarter.
Analysts had estimated that revenue would be $61.12 billion, but it rose 18% to $62 billion.
Microsoft's Intelligent Cloud…
AI voice-cloning start-up ElevenLabs achieves unicorn status
In its latest round of funding, a start-up company that clones people's voice was valued at over $1 billion. This investment came from Silicon Valley heavyweights Andreessen Horowitz as well as Sequoia Capital.
ElevenLabs converts…
DPD AI chatbot swears at delivery company, criticises it and calls itself “useless”
The delivery firm DPD has disabled part of its artificial intelligence (AI) powered online chatbot after a disgruntled customer was able to make it swear and criticise the company.
Musician Ashley Beauchamp, 30, was trying to track down…
DeepMind achieves gold standard in complex mathematics in the latest AI breakthrough
Google DeepMind used artificial intelligence (AI) to almost match the geometry problem solving skills of some of the brightest mathematicians in the world. This is a major step forward in the quest to apply this fast-growing technology for…
CEOs predict that the use of artificial intelligence in this year’s workforce will result in…
According to a survey conducted by the World Economic Forum in Davos (Switzerland), a quarter of chief executives worldwide expect that the deployment of generative AI will lead to headcount cuts of at least 5% this year.
According to a…
EU sets strict limits on the use of AI-biometric surveillance by police
It has been revealed that in most cases, police and national security agencies in the EU are not allowed to use real-time data generated by artificial intelligence without a judicial authorization.
This measure is part of an historic…
AMD launches new AI chip to compete with Nvidia
AMD, a chip designer, is now selling a product that aims to challenge Nvidia's stronghold in the market for artificial intelligence processors.It estimates this market to be worth 400bn dollars by 2027.
Lisa Su, AMD's chief executive,…
Google DeepMind researchers used AI to find 2mn materials
Google DeepMind researchers discovered 2.2mn new crystal structures, which could lead to advancements in renewable energy and advanced computation. They also show how artificial intelligence can be used to discover new materials.
According…
Second AI company in “civil war” over leadership
A week after Sam Altman was victorious in a power battle with ChatGPT maker OpenAI, the chief executive of another artificial intelligence (AI), start-up faces pressure to resign.
One of the shareholders of Stability AI has urged Emad…
UK study finds that AI will have the greatest impact on high-flying city workers
According to a government report published on Tuesday, high-flying professionals from the City of London are likely to be at the centre of a storm when generative artificial intelligent transforms the UK labour market.
The report was…