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Artificial intelligence
Microsoft will charge $30 per month to use generative AI features
Microsoft will charge $30 per month for its widely-used productivity software that includes generative artificial intelligence. This is a higher price than anticipated, but many industry experts hope this technology will boost revenues.…
Elon Musk launches xAI to challenge ChatGPT’s dominance
Elon Musk launched xAI - an artificial intelligence firm - to compete with Sam Altman's OpenAI. The company aims to "understand the nature of the universe" and challenge its dominance.
The company, led by Musk, will employ a team of…
Welcome to London, where streets are lined with US technology
Some days you can't get anywhere in Covent Garden or Fitzrovia because of American tourists, but the US accents in the bars and restaurants near the tourist hotspots are not always those of travellers. US tech companies and investors are…
The creator of ChatGPT chooses London as its first office outside the US
ChatGPT, the company behind ChatGPT, is opening its first office outside of the US in London. This will help Rishi sunak in his bid to turn Britain into a hub for artificial intelligence.
OpenAI chose London as its headquarters…
Researchers say AI models do not meet draft EU rules
US research warns that companies developing new artificial intelligence models such as ChatGPT creator OpenAI and Google/Facebook owner Meta could be in violation of EU draft rules.
Stanford University's paper highlights a conflict…
Asset managers press tech companies to stop possible AI misuse
As they grow concerned with the human rights implications of software, large institutional investors put pressure on technology firms to accept responsibility for any misuse that may occur.
The Collective Impact Coalition for Digital…
OpenAI’s Mira Murati is the woman charged with bringing generative AI to the real world
Mira Murati was OpenAI's Chief Technology Officer on the evening of 29 November. It was just like any other night. After her team had completed the testing of ChatGPT, she returned home that evening from the San Francisco offices of the…
The AI-driven trading firms are worried about the risks AI poses to profits
After a fake photo of an explosion near Pentagon caused a short sell-off on US stocks, hedge funds and other computerized trading firms are increasingly worried about the threat artificial intelligence poses to their profits.
The S&P…
Larry Fink, BlackRock’s CEO, predicts AI will solve the productivity crisis
BlackRock's Larry Fink predicted that "transformative opportunities" for artificial intelligence would solve the productivity crisis, which he attributes to persistently high inflation.
Fink, speaking at BlackRock's Investor Day, said:…
The European launch of a four-week old AI startup raises €105mn, a record amount.
A French start up founded by three former Meta and Google artificial-intelligence researchers four weeks ago has raised €105mn, the largest seed round in Europe.
According to sources close to the company, Mistral AI's initial round of…
Javid says money for UK supercomputer project ‘needs billions of dollars’
Sajid Javid, the former British chancellor, warned that Britain's £900mn supercomputer plan will be far too modest to keep up with rivals and leave Britain behind.
Javid said at the London Tech Week that "billions of dollars" should be…
AI revives software stocks
There's no way to know which companies will use the technology best or how they'll get their customers to pay.
Artificial Intelligence is finally bringing back to life moribund software companies. Wall Street has spent the year…
Sunak gets a boost as British AI chief praises Britain
In a major boost for Rishi Sunak, US data giant Palantir said that Britain was a better place than the EU to develop artificial intelligent (AI), thanks to "pragmatic privacy laws".
Alex Karp, the chief executive of the company, said…
AI could be the end of investors’ love affair with AI
We know that we should be focusing on the future, but we are often fixated on the present.
Earnings for the next quarter, or whether Fed will increase rates next week are given more importance than they should. It's partly because…