Wall Street sounds AI bubble alarm — Will crypto AI projects survive?
After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will cry…
Category : AI
California AI bill aimed at preventing disasters draws ire from Silicon Valley
Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.”
Sahara AI secures $43M to develop collaborative, decentralized AI platform
Sahara AI’s funding round was led by Pantera Capital, Binance Labs and Polychain Capital, with participation from Samsung and Matrix Partners, among…
Hong Kong launches generative AI Sandbox for finance sector
The HKMA collaborates with Cyberport to launch a generative AI sandbox, targeting fintech innovations in finance.
Elon Musk’s xAI launches Grok-2 AI assistant for X
xAI has introduced Grok-2, the latest AI model for X users. It offers enhanced features in chat, coding, and reasoning.
Tech firms pen letter to EU requesting more time to comply with AI Act
Tech companies release a joint letter requesting more time from the EU to comply with AI Act requirements, citing challenges due to the summer recess.
Scientists illuminate a path to quantum AGI with new light-based chips
Recent breakthroughs in photonic computing could finally make human-level AI possible.
Anthropic launches $15K jailbreak bounty program for its unreleased next-gen AI
The program will be open to a limited number of participants initially but will expand at a later date.
AI offerings are a bad joke, and investors aren't laughing
Neither OpenAI nor other tech giants have produced systems capable of doing much, but that hasn't stopped them from pushing for massive new investment…
Apple used Google’s chips to train its AI — Where does that leave Nvidia?
Nvidia’s shrinking market cap could signal a shift in the generative AI developer’s market.
IBM’s new ‘Lightweight Engine’ could be a game changer for fintech
JP Morgan just rolled out ChatGPT to 60,000 employees, demonstrating the demand for generative AI in the financial services sector.
Amazon faces UK merger probe over $4B Anthropic AI investment
Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.
African Union greenlights AI adoption across member states
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth in the continent.
OpenAI claims GPT-4o poses ‘medium risk’ of political persuasion
On the bright side, the company says there’s little risk it’ll become sentient and begin updating itself.
Quantum computers are advancing much faster than scientists expected
Breakthroughs in scalability, error-correction, and infrastructure have led to an accelerated timeline for quantum advantage.
OpenAI fears people will forms bonds with the AI it developed to fool humans
The warning shows that developers are aware that anthropomorphization is a legitimate concern in the AI industry.
Palantir surges 11% after deal to sell AI to US defense, intel agencies
Palantir shares closed higher as the intelligence company announced a deal with Microsoft to sell AI services to the US intelligence community.
Half of the 10 most valuable companies on Earth are making metaverse hardware
The metaverse is dead, long live the metaverse.
Elon Musk’s X suspends data collection for AI training, EU watchdog says
After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing the personal data of EU users to train i…
Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing
Musk claims he was misled about the ChatGPT creator’s true purpose.