The financial industry is undergoing a significant transformation with the integration of Artificial Intelligence (AI). This paradigm shift goes beyond conventional strategies, as financial institutions harness advanced technologies like predictive analytics, sentiment analysis, and real-time news data to enhance client engagement.… Read the rest
Air Canada Ordered to Compensate Passenger Misled by Chatbot
Air Canada, the largest carrier in Canada, has been directed to provide compensation to a passenger who was deceived by the airline’s chatbot into paying full price for a ticket. According to a recent report, Jake Moffatt sought information on bereavement fares from Air Canada’s support chatbot after the passing of his grandmother.… Read the rest
Intel Corp in Talks for $10 Billion in Subsidies as Biden Administration Aims to Boost Semiconductor Manufacturing
Intel Corp, a technology giant in the semiconductor industry, is currently engaged in negotiations with the Biden administration to secure more than $10 billion in subsidies, according to Bloomberg News. These subsidies are part of the government’s efforts to bolster semiconductor manufacturing in the United States.… Read the rest
Google Introduces Magika: AI for Cyber Defense
Google has recently introduced Magika, an open-source machine learning-powered file identifier, as part of its AI Cyber Defense Initiative. This initiative aims to provide better automated tools for IT network defenders and other security professionals. The main objective of Magika is to accurately identify file types, ensuring that user-submitted files are not malicious scripts masquerading as legitimate documents.… Read the rest
Artificial Intelligence and the Evolution of Video
The advancement of artificial intelligence (A.I.) has opened up groundbreaking possibilities in various fields, including video production. OpenAI’s recent announcement of their new text-to-video system, Sora, showcases the immense potential of A.I.-generated videos. While Sora is currently only accessible to a select group of experts for testing, the demonstration videos provide a glimpse into a future where A.I.… Read the rest
SoftBank Aims to Raise $100 Billion for AI Chip Venture to Challenge Nvidia
SoftBank Group Chief Executive Officer Masayoshi Son is reportedly seeking to raise up to $100 billion for a chip venture that will directly compete with Nvidia Corp. The project, known as Izanagi, focuses on developing semiconductors crucial for artificial intelligence (AI) applications.… Read the rest
The Subtle Impact of Quantum Technology on Average Consumers
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While quantum technology continues to evolve and develop, its impact on the average consumer may be less overt and much more subtle than what we envision from science fiction. Rather than bringing about flashy teleportation devices or other fantastical capabilities, the influence of quantum technology is likely to manifest in more practical and everyday ways.… Read the rest
Reddit Signs AI Training Contract Ahead of Potential IPO
Reddit Inc. has secured a significant contract to train its artificial intelligence models on its platform’s content, sources familiar with the matter have revealed. The San Francisco-based company recently informed potential investors in its upcoming initial public offering (IPO) about the deal, which is valued at approximately $60 million per year.… Read the rest
NBA Unveils NB-AI to Enhance Live Game Viewing Experience
The NBA has introduced its latest technological breakthrough, NB-AI, designed to revolutionize the live game viewing experience. Utilizing artificial intelligence, the league aims to personalize the way fans engage with NBA games, presenting an immersive and dynamic atmosphere.
Commissioner Adam Silver showcased the capabilities of NB-AI at the All-Star tech summit, with examples demonstrating the technology’s potential.… Read the rest
Semiconductor ETF SMH Shows Strong Growth Potential in AI Market
The VanEck Semiconductor ETF (SMH) has been making waves in the market, with a 67.9% increase in the past year. But this ETF is not just a passing trend, it has consistently delivered impressive results. This $14.6 billion ETF is backed by its robust long-term performance, a concentrated portfolio of top semiconductor stocks with strong Smart Scores, and the exponential growth potential of the semiconductor industry.… Read the rest