Google is expanding the reach of its advanced AI-powered photo editing tools to iOS users. Starting from May 15, iPhone and iPad owners will be able to use notable features such as Magic Eraser and Photo Unblur on Google Photos without the need for a subscription – a move that democratizes access to sophisticated photo enhancement.… Read the rest
Big Tech Giant Nears Historic $2 Trillion Market Valuation
Summary: A tech titan is on the cusp of reclaiming a $2 trillion market cap, a rarefied status held by only a select few in the U.S., including Microsoft, Apple, and Nvidia. This comes after a recent rebound from a slump fueled by worries over the company’s AI competitiveness.… Read the rest
Senior Citizen Tricked by AI Impersonation Scam
A recent incident involving a 68-year-old man from Powai falling prey to an AI-based impersonation scam reveals the growing sophistication of cyber frauds. Unlike typical schemes, this con involved artificial intelligence to replicate the voice of an authority figure from the Indian Embassy in the UAE.… Read the rest
Facebook Mistakenly Flags News Article as Threat, Disrupts Distribution
A recent incident involving Facebook’s AI underscores the challenges and consequences of relying on machine learning for content moderation. An article on Kansas Reflector discussing climate change was erroneously labeled as a security threat by Facebook’s AI systems. This misclassification triggered a domino effect, resulting in the blockage of the publication’s domain, as well as other news sites that shared the article.… Read the rest
Global AI Market Set to Reach Over $1 Trillion by 2030
In a transformative projection for the technology sector, the global artificial intelligence (AI) market is expected to skyrocket from its current valuation of $150.2 billion in 2023 to an astonishing $1,345.2 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 36.8% over the next seven years.… Read the rest
Veritone’s Remarkable Rally Amid AI Boom
A comprehensive analysis reveals the extraordinary surge in the stock value of Veritone, an Austin-based AI company known for its innovative cognitive AI solutions. As the promise of artificial intelligence (AI) materializes into game-changing utilities, investors are eagerly turning their attention to companies pioneering in this space.… Read the rest
Tabs Rakes in $7M Funding to Revolutionize B2B Invoicing with AI
In a recent development that signifies a leap forward for artificial intelligence (AI) in financial operational tasks, Tabs has successfully obtained a $7 million seed investment to enhance its AI-driven accounts receivable platform. The system is designed to innovate the way businesses handle B2B contracts by automating processes like contract intake, invoicing, and payment.… Read the rest
AI Pioneer Igor Jablokov Shares Insights with University Students
In a stimulating session at Grand Canyon University, Igor Jablokov, the brain behind the AI technology integrated into many Alexa devices, delivered a thought-provoking dialogue on artificial intelligence and career advice. Jablokov’s visit highlighted the ever-growing influence of AI in the business landscape and offered personal reflections on success and the importance of adaptability.… Read the rest
Tokyo Startup Sakana AI Rides Wave of Japanese AI Enthusiasm
As Japanese companies fervently embrace the next wave of artificial intelligence technologies, Sakana AI has emerged from Tokyo as a promising startup that’s drawing considerable attention. Founded by ex-Google researchers, the company is strategically positioning itself in a market ripe with enthusiasm for AI advancement.… Read the rest
Best Buy’s Price Cut on Shark Matrix Robot Vacuum Marks Trend Towards Affordable Smart Home Tech
Best Buy has taken a significant step in making smart home technology more accessible by reducing the price of the Shark Matrix robot vacuum from its original $499.99 to $299.99. This 40% discount reflects the company’s commitment to meeting the needs of tech-savvy homeowners eager for intelligent and convenient cleaning solutions.… Read the rest