Megatech companies have pledged to spend billions of dollars quarter after quarter to continue to develop and expand their lines of artificial intelligence (AI) products.
Tag: AI
AS FORECAST: MORE CONTENT PROVIDERS SUING OVER AI IP THEFT
A group of news organizations this past week announced a lawsuit against OpenAI and its partner Microsoft, widening a battle between the companies, and those who say they stole Intellectual Property (IP) without compensation to create their AI platform services.
DESPERATE COMPANIES POACH EACH OTHERS’ AI ENGINEERS
Tech companies’ struggle to attract AI engineers is getting ugly. Twenty-somethings are seeing compensation packages worth $1 million or more annually dangled before their eyes, some industry insiders have said.
AI WILL DO AWAY WITH MOST CALL CENTERS, INDIAN EXPERT FORECASTS
AI is taking on many of humans’ functions at call centers and could erase the need for most of their employees in as little as a year, according to Krithi Krithivasan, CEO of India’s Tata Consultancy Services.
AI: THE NEXT GENE EDITOR?
The state of the art in gene editing is a process called CRISPR. It uses snippets from bacteria’s immune systems that are able to slice DNA.
MICROSOFT STRIKES AI DEAL WITH INDONESIA
After a meeting between Microsoft CEO Satya Nadella and Indonesian president Joko Widodo, the company announced it will invest $1.7 billion in the country’s AI and cloud computing infrastructure over the next four years, including construction of a data center campus.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
WHITE-COLLAR HIRING HAS STALLED
The rate of hiring in accounting, finance, law, media, professional services, and technology is only about a third of that for the labor market as a whole, Bloomberg reported.
INVESTORS: SHOW US THE MONEY
Share prices for Amazon, Meta, and Microsoft fell last week as investors grow tired of seeing companies pour capital into AI research and development without producing enough revenue yet to justify the expense.
FROM THE “AI BEHAVING BADLY” FILE…
The World Health Organization (WHO) has created an AI to answer basic questions about health and offer advice about such things as healthy eating, mental health concerns, and quitting smoking.