AI

Visa Unveils $100 Million Initiative to Drive Generative AI Development

October 5, 2023 2 mins read

Visa, the global payment giant, is doubling down on its commitment to artificial intelligence (AI) in the realm of commerce and settlements. They’ve unveiled a fresh initiative, committing a substantial $100 million to fund generative AI ventures. The primary focus of this initiative is to support companies dedicated to advancing generative AI technologies and their applications in the fields of commerce and payments. This investment endeavor will be spearheaded by

Black Box to Showcase AI-Enhanced Solutions for Unified Customer Experience at GITEX GLOBAL

October 4, 2023 3 mins read

DALLAS — Oct. 3, 2023 — At GITEX GLOBAL, Oct. 16-20 at the Dubai World Trade Center (DWTC), Black Box® (booth H8-30) will showcase customer experience (CX) solutions and consulting services that leverage Conversational AI, Generative AI, and other cutting-edge tools to help businesses dramatically improve customer experiences, reduce costs and ensure optimal ROI from their CX technology investments. With a focus on how AI can improve efficiency and improve employee and

Tom Hanks Issues Warning About AI Impersonator Promoting Dental Plan

October 2, 2023 2 mins read

Tom Hanks has issued a cautionary message to his fans regarding an advertisement featuring what appears to be him but is, in fact, an artificial intelligence (AI) fake. In an Instagram post, the renowned actor stated, “There’s a video out there promoting some dental plans with an AI version of me. I have nothing to do with it.” Hanks has previously expressed concerns about the artistic and ethical challenges posed

Meta Unveils AI Assistant Trained on Public Facebook and Instagram Content

September 29, 2023 2 mins read

Meta, the parent company of Facebook and Instagram, has revealed that its new Meta AI virtual assistant was trained using public posts from these social media platforms. The company, however, assured that it excluded private posts shared only with family and friends to protect user privacy. Meta’s President of Global Affairs, Nick Clegg, emphasized the company’s commitment to respecting user privacy during the training process. He stated that private chats

Spotify CEO Ensures AI-Made Music Won’t Be Banned

September 27, 2023 2 mins read

Daniel Ek, the CEO of Spotify, has stated that the music streaming platform has no plans to ban content created by artificial intelligence (AI). While discussing the use of AI in music, Ek mentioned that AI should not be used to impersonate human artists without their consent. He emphasized the importance of distinguishing between various applications of AI in music, categorizing them into three “buckets”: Although AI is not entirely

Ethereum Founder Responses to X Account Hacking Incident

September 13, 2023 1 min read

Vitalik Buterin has taken to addressing a recent security breach that led to unauthorized access to his X account, formerly known as Twitter. This incident has once again sparked discussions on the importance of robust cybersecurity measures. Hackers managed to infiltrate Buterin’s X account, posting phishing links in an attempt to scam his followers. The scheme involved a deceptive “commemorative” non-fungible token (NFT) strategy, resulting in the theft of multiple

Google Unveils $20 Million Fund for Responsible AI Advancements

September 13, 2023 2 mins read

Following the Google Cloud Next conference in San Francisco, where Google unveiled a host of generative AI projects and tools, the tech giant has announced the launch of the Digital Futures Project. This initiative aims to bring together diverse voices in the field of AI development and promote responsible AI innovation. Alongside this project, Google has introduced a $20 million fund dedicated to supporting the responsible development of AI. A

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