The European Union (EU) is planning a major initiative to promote a domestic AI industry encompassing development, chip production, data centers, and cloud services.
Tag: AI
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KPMG LOOKS FOR TAKEOVER TARGETS IN AI-LAND
KPMG, one of the world’s “Big Four” accounting and business service firms, is shopping Silicon Valley, looking for AI start-ups to partner with, take a stake in, or buy outright to take full ownership of promising innovative technologies.
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AI MAY BE A FALSE FRIEND, STUDY FINDS
AI is known to give false answers to questions, but a new study has found that AI also can cause people to “hallucinate” by reinforcing false beliefs.
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SPOTLIGHT: THE AI JOBS WIPEOUT CONTINUES
In April, Meta’s C-suite notified company employees that about 8,000 of them – about 10 percent of the company’s payroll – would lose their jobs on 20 May. Last week, Meta fulfilled that promise.
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JPMORGAN WILL HIRE MORE AI SPECIALISTS, FEWER BANKERS
JPMorgan Chase, the richest U.S. bank by assets, will switch its hiring to emphasize AI specialists and reduce the number of traditional bankers it brings aboard, CEO James Dimon told Bloomberg.
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AI IS FLOODING COURTS WITH DIY LAWSUITS
People with legal grievances but without enough money to hire a lawyer are filing lawsuits anyway, thanks to their pro bono attorney: artificial intelligence.
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CHATGPT IS INFLATING COLLEGE GRADES
Since ChatGPT made its debut, the number of “A” grades college teachers have given in courses on writing and coding – subjects where AI makes its greatest impact – has grown much more than in classes where AI can make less of a difference, according to research from the University of California Berkeley.
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CHINA LEADS WEST IN AI VIDEO GENERATION
Western AI labs such as Anthropic and OpenAI lead the world in large language model AIs and coding apps, but ByteDance, Kuaishou, and other Chinese companies are turning out video-generating apps that outperform any made in the West in quality and usefulness, those in the industry told the Financial Times.
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OPENAI BUYS VOICE-CLONING STARTUP
OpenAI acquired weights.gg, a small startup that offers voice-cloning tools. The companies did not disclose the price or terms of the deal.
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DEEPSEEK DESIGNS NEW AI TO RUN ON CHINESE CHIPS
In a significant advance for China’s semiconductor industry, AI lab DeepSeek has designed its newest model to use inference chips made by Huawei, the country’s primary chip producer.