Category: Artificial Intelligence
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AWS to invest $230 million in Generative AI startups
Amazon Web Services, Inc. (AWS) has announced to invest a $230 million in startups worldwide to accelerate the creation of generative AI applications. This will provide startups, especially early-stage companies, with AWS credits, mentorship, and education to further their use of artificial intelligence (AI) and machine learning (ML) technologies. Part of the new commitment will…
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Elon Musk Threatens to Ban Apple Devices Over ChatGPT Integrations
In a bold move, Elon Musk has threatened to ban Apple devices from all his companies due to Apple’s recent integrations with ChatGPT. This confrontation marks the latest development in the ongoing tension between two of the tech industry’s most influential figures. During a recent company-wide meeting, Musk expressed his dissatisfaction with Apple’s decision to…
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Key Updates from Apple Keynote at WWDC 2024
Each year, Apple kicks off its Worldwide Developers Conference (WWDC) with a few hours of major announcements. This year’s highlights included the long-awaited Apple Intelligence and a significant update to Siri, showcasing Apple’s commitment to advancing artificial intelligence. As anticipated, many announcements centered around AI, and Apple delivered on these expectations. In addition to AI…
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Cloudera acquires Verta’s Operational AI Platform
Cloudera has deepened its AI expertise with its acquisition of Verta’s Operational AI Platform. The Verta team will join Cloudera’s machine learning group, reporting to Chief Product Officer, Dipto Chakravarty. With the addition of Verta, Cloudera has further solidified its position in this competitive landscape, acquiring world-renowned talent and technology in AI and ML. The…
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Retailers turn to GenAI to boost online sales: Forrester
Forrester has released a new forecast indicating that global online retail sales are set to rise dramatically, from $4.4 trillion in 2023 to $6.8 trillion by 2028, growing at a compound annual growth rate (CAGR) of 8.9%. As e-commerce continues its rapid expansion, retailers are increasingly investing in generative AI ( GenAI ) technologies to…
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AI Fintech LoanSnap Faces Legal Troubles and Eviction Amidst $100M Funding Round
LoanSnap, an AI-powered fintech company renowned for its mortgage lending solutions, is currently navigating a tumultuous period marked by legal challenges, fines, and eviction, all while securing a significant $100 million in funding. The San Francisco-based startup, which utilizes artificial intelligence to streamline the mortgage application process, has been hit with a lawsuit alleging various…
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Nvidia Unveils “Rubin” Next-Gen AI Chip Platform for 2026 Rollout
In a significant development, Nvidia has announced its next-generation artificial intelligence (AI) chip platform, codenamed “Rubin.” The unveiling took place ahead of the COMPUTEX tech conference in Taipei, where Nvidia CEO Jensen Huang shared insights into the company’s latest innovation. The Rubin AI Chip: A Leap Forward Looking Ahead The Rubin AI chip platform is set to redefine AI capabilities, enabling breakthroughs across…
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Anthropic’s Claude AI Now Autonomously Interacts with External Data and Tools
Anthropic has announced a significant enhancement to its Claude AI, a development poised to revolutionize how artificial intelligence integrates with external data and tools. This upgrade allows Claude AI to autonomously interact with various external sources, including databases, APIs, and software tools, without human intervention. This innovative step forward, reported by VentureBeat, highlights Claude AI’s…
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Worldwide AI Chips Market to Grow 33% in 2024
Worldwide AI chips market is on the rise, given the demand from various organizations focusing on GenAI solutions. Revenue from AI semiconductors globally is expected to total $71 billion in 2024, an increase of 33% from 2023, according to the latest forecast from Gartner, Inc. “Today, generative AI (GenAI) is fueling demand for high-performance AI chips…
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PwC becomes OpenAI’s largest customer for ChatGPT Enterprise
ChatGPT, the language model developed by OpenAI, has revolutionized how people interact with artificial intelligence. Its recent adoption by PwC (PricewaterhouseCoopers), a global management consulting giant, marks a significant milestone in the enterprise AI landscape. Let’s explore how this partnership could reshape the future of work. The PwC-OpenAI Collaboration The Impact on Workforce and Business…
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