Baidu’s stock fell 8% despite AI progress, with Ernie Bot generating $91 million, or under 2% of revenue. High expectations and a Chinese equity rout impacted shares, trading below 10x forward earnings. Artificial intelligence stocks are highly sought after by
Sam Altman, the CEO of Microsoft-backed OpenAI, and other executives are being sued by Elon Musk, who claims they have abandoned the company’s original goal of creating artificial intelligence “for the benefit of humanity broadly.” In a lawsuit that was
Senator Elizabeth Warren urges collaboration in regulating crypto and AI, calling for a level playing field. US Senator Elizabeth Warren has expressed concerns about the need for similar regulations in artificial intelligence (AI), dominated by large technology companies, and the
In a legal showdown, digital news outlets The Intercept, Raw Story, and AlterNet have filed a copyright-infringement lawsuit against OpenAI, the owner of ChatGPT, for unlicensed use of their journalism. This legal action highlights the growing tension between the news
OpenAI claims that the New York Times “hacked” ChatGPT and other AI systems to fabricate evidence for the case. OpenAI has asked a federal judge to dismiss part of the newspaper’s copyright lawsuit against it. OpenAI has asked a judge
French startup Mistral AI released a new large language model (LLM) called ‘Mistral Large’, which is set to rival OpenAI’s GPT-4 and Claude 2 from Anthropic, it announced on Monday. The firm said the model “reaches top-tier reasoning capabilities” and
Nvidia and Amazon.com founder Jeff Bezos, along with other big technology names, are investing in a startup called Figure AI that develops human-like robots. According to the report, Figure AI, backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675
Intel will manufacture high-end AI chips for Microsoft, fueling competition in the global semiconductor market amidst geopolitical concerns. In an effort to use artificial intelligence (AI) fully, Intel and Microsoft have reached a significant agreement that would see Intel produce
North Korean hackers integrate AI into cyberattacks, leveraging generative AI for phishing and social engineering, posing new challenges. Notably, the cybercriminals are using artificial intelligence (AI) as part of their strategy to steal technology and money for the nation’s covert
Some users are not amused by Google’s Gemini because it is creating irrelevant pictures or refusing to generate them completely. In some instances, the AI chatbot reportedly failed to generate images of Google co-founders Larry Page and Sergey Brin accurately.
In less than a week, the stock market value of UK chip designer Arm Holdings nearly doubled as investors jumped on the artificial intelligence (AI) boom. According to financial results reported by ARM, the demand for AI-related technology is boosting
The US Federal Trade Commission (FTC) has filed a complaint against Microsoft with the US Court of Appeals, contesting the tech firm’s post-merger actions with Activision Blizzard. The FTC’s grievance points to Microsoft’s layoff of approximately 1900 employees, including a
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