UK firms that are integrating AI into their operations are making over £9 million more than those that are not, according to a recent study. The study reveals that in terms of annual revenue, businesses that adopt AI are recording
U.S. Chief Justice John Roberts, in his annual report, emphasized the imminent changes artificial intelligence (AI) would bring to the judicial system. This report follows a growing dialogue about the ethical use of AI in legal contexts. Roberts, steering clear
Improbable, the London-based outfit that develops infrastructure for virtual worlds in gaming, academia, and business, said it reduced losses by £131 million [~$160 million] last year following its decision to focus on building technology for the metaverse. According to the
Commercial Bank International (CBI), it has become the first bank in the United Arab Emirates to open a virtual branch in the Metaverse. The first bank to open a virtual Metaverse site in the well-known blockchain-based world of Decentraland is
According to a WEF report, 92% of US manufacturing executives explore metaverse integration for enhanced production efficiency. As per a recent report published by the World Economic Forum (WEF), there is a noteworthy development among American manufacturing companies: they are
As AI technology keeps evolving, it is ushering in a four-day working week for businesses that have been quick to adopt it to enhance operational efficiencies. Studies show that a majority of companies that have fully embraced AI are open
Fetch.ai called in administrators Resolve Advisory on Jan. 23 after the startup’s UK business ran into “financial difficulties” that made it impossible for the unit to “pay its debts,” the Evening Standard reports. The decision came after Fetch.ai’s UK arm
X is head-hunting content moderators to tackle child sexual exploitation and other explicit content after AI-generated X-rated images of Taylor Swift went viral on the platform. The social media company will hire 100 full-time employees to tackle the proliferation of
Essential AI, a startup based in San Francisco, has secured $57 million in Series A funding. This round, led by March Capital, includes investors such as AMD, Google, NVIDIA, and others, marking a step in the company’s journey to advance
The CEO of the India-based e-commerce platform Duukan, Suumit Shah, revealed that 90% of the company’s support staff had been replaced with an AI chatbot. Touting the benefits of this transformative decision, Shah underscored a massive 85% reduction in customer
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Apple Inc. is reportedly developing its own AI chatbot known as ‘Apple GPT’ to rival OpenAI’s ChatGPT and Google’s Bard, Bloomberg News reported. Shares of Apple rose as much as 2% in Nasdaq stock market trading after the news. Apple
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