The use of AI in finance has a myriad of applications, offering numerous benefits such as fraud detection, robo-advice, algorithmic stock trading, and personalized chatbots. However, a recent paper by the accountancy and auditing firm Deloitte, highlights the potential unintended consequences
The boom in artificial intelligence is stretching the chip manufacturing industry to its limit leading to a shortage of GPUs – the basic processing units which power machine learning (ML) models. According to the crypto research and data specialist firm
Scientists are leveraging the power of artificial intelligence to decipher bat vocalizations, enabling the faintest possibility of communication with different species. The groundbreaking AI, which was previously used for analyzing human languages and decoding ancient scripts, now holds promise in
Despite the hype about AI becoming sentient, generative AI systems such as ChatGPT are still not as intelligent as dogs, or even cats, according to Meta chief AI scientist Yann LeCun. That’s because AI chatbots lack an understanding of the
Apple has unveiled iOS 17, the latest update to its operating system, with a unique feature that will warn users when someone tries to send them unsolicited nudes. The update includes other features such as customizable notifications, a redesigned control
In a groundbreaking move, the Japanese government announced that copyrighted materials used in artificial intelligence (A.I.) training would not be protected under intellectual property laws, according to local media reports. The Minister for Education, Culture, Sports, Science, and Technology, Keiko
Meta has announced its own AI Sandbox, which it describes as a testing playground for advertisers to trial generative AI tools and services. The Sandbox was unveiled at an event in New York City yesterday, May 11. The social media
U.S. artificial intelligence startup Hugging Face announced the launch of its open-sourced AI chatbot called HuggingChat to rival OpenAI’s more popular conversational tool ChatGPT. “The goal of this app is to showcase that it is now (April 2023) possible to
The metaverse has been advertised as many things, from an interconnected gaming ecosystem to a virtual office where you can enjoy the benefits of physical co-working without the hassle of a morning commute. Meta has been one of the biggest
Chinese regulators have released draft regulations that will compel generative artificial intelligence – the software systems like the one underpinning ChatGPT – to follow the Chinese Communist Party’s (CCP) strict censorship rules, The New York Times reported on Monday. Generative
Mark Zuckerberg may have popularized the term “metaverse”, but the Meta founder and CEO may no longer be pitching the metaverse to users and advertisers with the same enthusiasm as he did before. Or so it seems. Lately, Meta has
Alejandro Lopez-Lira, a finance professor at the University of Florida, has suggested large language models like ChatGPT from OpenAI may be used to predict stock market behaviour. AI technology is expanding its sphere of influence each day, especially after the
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