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Artificial intelligence
Meta introduces a new AI model which can create video with sound
Meta (the owner of Facebook and Instagram) announced on Friday that it had developed a new artificial-intelligence model called Movie Gen, which can create realistic audio and video clips in response user prompts. It claimed it could rival…
OpenAI betting on AI agents becoming mainstream in 2025
OpenAI believes that AI-powered assistants, such as those from Google and Apple, will "hit mainstream" next year, as technology groups race to bring AI agents to consumers.
AI agents that can complete complex tasks and reason for humans…
SoftBank invests $500mn in OpenAI
SoftBank, owned by Masayoshi Son, will invest $500mn in OpenAI. The investment is part of an upcoming fundraising round which should close this week. SoftBank is investing via its second Vision Fund. This large vehicle to support start-ups…
OpenAI CEO to earn $10bn from shift to for-profit model
OpenAI's chief executive is on track to join the ranks of Big Tech Billionaires if the company adopts a "for profit" model. Sam Altman, 39 years old, may be given a 7 percent stake in ChatGPT. The American startup was founded in 2015 as a…
Nvidia Faces US Justice Department Scrutiny in Antitrust Probe
The US Department of Justice has issued a subpoena to Nvidia Corporation, indicating an escalation in its antitrust investigation into the company. This legal request requires Nvidia, a major player in artificial intelligence computing, to…
Klarna Slashes Workforce by 1000 as AI Adoption Surges
Klarna, the prominent buy now, pay later lender, has significantly reduced its workforce by more than 1,000 employees, largely due to the integration of artificial intelligence (AI) into its operations. The Stockholm-based fintech giant,…
Nvidias Quarterly Earnings Set to Move Markets as AI Chip Demand Soars
Nvidia, the artificial intelligence chip designer, is expected to announce a remarkable doubling of sales year-on-year when it reports its highly anticipated quarterly earnings tonight. Analysts forecast sales of $28.6 billion for the…
Chip Challengers Aim to Break Nvidias Dominance in AI Market
As the demand for artificial intelligence inference grows exponentially, driven by the increasing popularity of chatbots and generative AI applications, Nvidia's competitors are mobilizing to challenge the company's dominance in the AI chip…
Apple Intelligence Integrating ChatGPT in iOS 18 Potential Impact on iPhone Usage and Privacy
As Apple prepares to launch its iOS 18 software upgrade, the tech giant is set to introduce a suite of artificial intelligence (AI) features under the brand name "Apple Intelligence." The most notable addition is a ChatGPT-powered version…
AI Revolutionises Drug Discovery Saving Time and Lives for Pharmaceutical Giants
In a world where numerous industries are reevaluating the transformative potential of artificial intelligence (AI), the pharmaceutical sector is already experiencing revolutionary changes in drug discovery. Companies like GSK and…
Big Tech Pledges Over 100 Billion Dollars in AI Infrastructure Spending Amidst Market Scepticism
In a bold move, tech giants Microsoft, Alphabet, Amazon, and Meta have collectively increased their capital expenditure by an astonishing 50%, surpassing the $100 billion mark this year. This massive investment aims to develop the…
Elon Musk Sues OpenAI For ‘Shakespearean Perfidy And Deceit’
Elon Musk filed a new lawsuit against OpenAI, the maker of ChatGPT and its CEO Sam Altman. He accused the company of "perfidy" and "deceit of Shakespearean proportions".
Musk's latest attack on OpenAI, the company he founded in 2015,…
AI Breakthrough: Predicting Bowel Cancer Recurrence and Optimising Treatment
In a groundbreaking study, researchers from the University of Leeds have harnessed the power of artificial intelligence (AI) to identify early-stage bowel cancer patients at the highest risk of disease recurrence. This innovative approach…
Tech Giants Face Correction Amid AI Boom Doubts and Mixed Quarterly Results
The magnificent seven, a group of technology stocks that has dominated the US stock market, has experienced a tough week as doubts about the return on artificial intelligence (AI) investments, mixed quarterly results, and weak US economic…
Intel reduces 15,000 jobs to catch up with AI chips
Intel plans to cut 15,000 positions as it attempts a revival of its manufacturing operations that have fallen behind the development and artificial intelligence.
In New York, the shares of American chipmaker were down more than 20% in…
Apple beats Wall Street forecasts despite iPhone slide
Apple exceeded Wall Street's expectations in the fourth quarter, as a rise in demand for iPads and Macbooks compensated for a drop in iPhone sales.
The most valuable company in the world, valued at more than $3 trillion on the stock…
Alphabet profits soar 29% on cloud computing boom
The parent company of Google, Alphabet has seen its second quarter profits rise due to a combination of growing cloud computing sales as well as search engine advertising.
Alphabet exceeded market expectations by reporting a 14% increase…
Meta releases open-source AI application ‘competitive with closed competitors’
Meta claims that its new artificial-intelligence model will be the first open source system to rival products from competitors like OpenAI and Anthropic.
In a blog post, the company stated that its new model with the unwieldy title of…