AI

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

Google’s AI Competitor to ChatGPT faces internal opposition: Report

April 10, 2023 1 min read

Artificial Intelligence (AI) technology is being met with resistance as more people express concerns about its impact on society. With AI chatbot ChatGPT from OpenAI and generative AI image makers like Midjourney and DALL-E 2, AI has become a major talking point. However, not everyone is on board with this emerging technology. According to a report from The New York Times (NYT), two Google employees tried to stop the company

Spheroid to Launch AI Avatars in Augmented Reality

April 8, 2023 3 mins read

Dubai, UAE, April 6th, 2023 Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms – from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more. As a frontrunner in

Meta’s AI-Powered Picture Analysis Tool Can Identify and Separate Objects

April 7, 2023 1 min read

After the collapse of its Metaverse ambitions, Meta (formerly known as Facebook) announced its latest project called the Segment Anything Model. This new AI tool allows users to identify specific items in an image with just a few clicks. While still in demo mode, Meta says that Segment Anything can already identify the pixels that makeup everything in a photo, allowing one or more items to be separated from the

US President Biden Asks Tech Companies to Address the Potential Risks of Artificial Intelligence

April 5, 2023 1 min read

On Tuesday, United States President Joe Biden expressed concerns over the safety of artificial intelligence (AI) and urged technology firms to ensure their products are secure before releasing them to the public. During a meeting with science and technology advisers, Biden acknowledged the potential benefits of AI in tackling issues such as disease and climate change but also emphasized the importance of addressing possible risks to society, national security, and

ATPBot Launches Powerful AI-Quantitative Trading Bot

March 17, 2023 3 mins read

Singapore, Singapore, 16th March, 2023, Chainwire ATPBot has launched an AI bot dubbed the ChatGPT of quantitative trading. Similar to ChatGPT’s ability to understand and process natural language, ATPBot provides investors with a scientific, standardized, and effective way to invest in quantitative trading. By using data and algorithms to determine the optimum timing and pricing when executing trades, ATPBot reduces human error. In the process, it increases investment efficiency and stability,