The EU Parliament passed the much-awaited AI Act last week, making it the first major jurisdiction in the world to introduce comprehensive rules for the sector, but compliance could prove tough for startup companies new to regulation. While aspects of
A CVL Economics survey reveals that 36% of entertainment executives who use generative AI believe that their staff members no longer require specialized skills for day-to-day duties and responsibilities. A report by consulting firm CVL Economics revealed that generative artificial
OpenAI recently admitted that its large language model, ChatGPT 4, has become ‘lazy’, which could influence the progress of AI in the future. This revelation follows numerous user complaints about the model’s deteriorating performance. ChatGPT users noticed that the ChatGPT-4
Perplexity AI chief executive officer Aravind Srinivas took potshots at rival Google after the startup raised $73.6 million from a group of investors, including Amazon billionaire founder Jeff Bezos and chip-maker Nvidia. The round was led by venture capital firm
OpenAI raked in more than $1.6 billion in revenue in 2023, up over 20% from $1.3 billion in October, according to a report from The Information, which cited people with knowledge of the figure. Much of the revenue is driven
In a year in which AI dominated virtually every economic sector, related cryptocurrency tokens soared in value as investors took positions in a technology that’s being viewed as the next big thing. The broader crypto market bounced back in November,
When OpenAI’s ChatGPT hit the market in November 2022, not everyone was convinced the generative AI chatbot would upend search and conventional content creation. One year later, AI has spawned a whole multi-billion-dollar industry pitting all of the biggest names
In artificial intelligence (AI), speculations and rumours often circulate with intensity. A recent incident involving a purported screenshot hinting at a new ChatGPT upgrade, GPT4.5, ignited discussions within the AI community. OpenAI’s CEO, Sam Altman, has clarified these rumours, confirming
Amazon has employed AI tools to combat fake reviews as the company removed over 200 million suspected fake reviews to uphold the integrity of its online marketplace. This comes as there has been a proliferation of fake feedback on the
In a recent breakthrough in artificial intelligence and robotics, a state-of-the-art AI system designed a unique walking robot in 26 seconds. The AI’s creation, evolving from an unassuming block to a tri-legged porous marvel, showcases the rapid advancement of
The Ministry of Industry and Information Technology (MIIT) in China will form a task force to set the standards for the metaverse sector. China has joined the race to be the global standards-setter for new immersive technology with Australia, which
Meta Platforms Inc. announced an AI model that can transcribe and translate up to 100 languages. SeamlessM4T supports translations between speech and text, making it easier for people to interact regardless of their native language. In a blog post published
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