AI

FBI: AI Deepfake Extortion Scams on the Rise, How to Protect Yourself

June 6, 2023 1 min read

The FBI has warned that deepfake extortion scams are on the rise. In these scams, criminals use AI to create fake videos or audio recordings of the victim that make it look or sound like they are doing something illegal or embarrassing. The criminals then threaten to release the deepfake to the public if the victim does not pay them a ransom. The FBI has received over 7,000 reports of

EU Officials Call for More Transparency in AI-Generated Content to Ensure Transparency and Accountability

June 5, 2023 1 min read

European officials have called on companies developing generative AI tools to create a voluntary code of conduct that would make their products more transparent to the public. In a statement on June 5, Vera Jourova, the European Commission’s vice president for values and transparency, said that companies that use generative AI to create content should label it as such and put in place safeguards to prevent it from being used

Microsoft’s CSO Eric Horvitz Sees AI as a Force for Good, but Calls for Caution

June 1, 2023 2 mins read

Eric Horvitz, Microsoft’s chief scientific officer, believes that artificial intelligence (AI) has the potential to be a force for good in the world. However, he also believes that there are risks associated with AI, and he has called for a responsible approach to its development and use. In a blog post published on May 30, Horvitz discusses the future of AI and announces a series of essays written by AI

Japanese AI experts call for regulation of AI bots trained on copyrighted material

June 1, 2023 2 mins read

A group of Japanese AI experts has warned of the risks of using illegally-obtained information to train AI. The experts argue that this could lead to a large number of copyright infringement cases, job losses, the spread of false information, and the leaking of confidential information. The experts point to the fact that AI bots are becoming increasingly sophisticated and that they are able to generate text, translate languages, and

AI Project TradeGDT soars in popularity, hits 10% of Bybit Derivatives Trading Volume in 4 Hours

May 25, 2023 4 mins read

Singapore, Singapore, May 23rd, 2023 Generative AI can create new content, such as images, videos, and text. With the help of deep learning algorithms like GANs (Generative Adversarial Networks), researchers are developing AI models that can generate realistic and original content. ChatGPT (Generative Pre-train Transformer) has elevated the AI trend and broadened the vision of people toward AI, the conversation with ChatGPT is as human-like as it can be. Trading

OpenAI Threatens to Exit Europe Over AI Regulation

May 25, 2023 2 mins read

OpenAI CEO Sam Altman has hinted that the company might pull out of Europe if it cannot comply with pending European Union AI regulations. The key issue is a rule in the EU AI Act that would require companies to disclose copyrighted materials used in developing generative AI tools. Last week, Apple joined other corporations in prohibiting employees from using ChatGPT and other third-party AI tools for their work over

Pakistan’s Ambitious Plan to Produce 1 Million AI-Trained IT Graduates by 2027

May 24, 2023 1 min read

Pakistan’s government has set a goal of producing 1 million AI-trained IT graduates by 2027. This goal is part of the country’s National Artificial Intelligence Policy, which was launched in 2022. The policy aims to make Pakistan a global hub for AI research and development. To achieve this goal, the government is investing in AI education and training, as well as in the development of AI-enabled businesses and industries. The

White House meets with AI leaders to address societal challenges

May 5, 2023 1 min read

The White House held a meeting on Thursday between Vice President Kamala Harris and top executives from leading companies involved in artificial intelligence (AI) development. The meeting aimed to reiterate the Biden administration’s commitment to fostering responsible and ethical AI development while mitigating risks to society, security, and the economy. Recent developments in AI, particularly the success of OpenAI’s ChatGPT program, have brought the ethical use of AI to the

Amnesty International faces criticism over AI-generated images of Colombian protests

May 3, 2023 1 min read

Human rights advocacy group Amnesty International has come under fire for using artificial intelligence (AI) to produce images for its social media accounts. The group was criticized for the authenticity of the images, which were created to publicize police brutality in Colombia during national protests in 2021. However, discrepancies in the images, such as uncanny-looking faces, dated police uniforms, and incorrect flags of Colombia, led to criticism of the group’s

Cosmose AI’s Valuation Skyrockets to $500 Million Following NEAR Protocol Integration

April 24, 2023 1 min read

Cosmose AI, an AI-based company focused mainly on retail shopping, has teamed up with NEAR Protocol, the Layer 1 blockchain, to make crypto payments more cost-efficient. The partnership includes undisclosed funding from NEAR Protocol, which enables Cosmose to have a $500 million valuation. Cosmose’s KaiKai app will use NEAR’s blockchain infrastructure to make online payments cheaper. KaiKai has its native stablecoin, Kai-Ching, equivalent to $0.01. Users can on-ramp fiat and

Google Announces Launch of Google DeepMind to Accelerate Progress in AI

April 21, 2023 1 min read

Alphabet, the parent company of Google, has unveiled Google DeepMind, a new group focused on advancing artificial intelligence (AI). The group brings together the existing DeepMind and Brain teams under one banner to work on building more capable and responsible general AI systems. According to Google and Alphabet CEO Sundar Pichai, the move will significantly accelerate progress in AI and ensure its bold and responsible development. The new group will

Elon Musk Unveils New AI Company

April 15, 2023 1 min read

Reports have emerged that Tesla and SpaceX CEO Elon Musk is setting up X.AI Corp, a new artificial intelligence (AI) company that will supposedly rival OpenAI’s ChatGPT. The Wall Street Journal and the Financial Times have both reported on the development, stating that Musk has been hiring AI researchers and engineers and is in talks with investors from Tesla and SpaceX to raise capital for the firm. The recent state