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Top related persons:
Andreas Mundt - 1 Wolfgang Rattay - 1 Mundt - 1 Foo Yun - 1 Mark Potter - 1 it's - 1 Elon Musk's xAI - 1 Vince Cate - 1
Top related locs:
Bonn Germany FRANKFURT OpenAI Anguilla British Tuvalu
Top related orgs:
Google - 2 Microsoft - 2 Federal - 1 Office - 1 REUTERS - 1 Alpha - 1 Big - 1 European Union - 1

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2 mentions found


☆ German antitrust head warns AI may boost Big Tech's dominance
  + stars: | 2023-10-09 | by ( Hakan Ersen | ) www.reuters.com   time to read: +2 min
Alphabet's (GOOGL.O) Google and Microsoft (MSFT.O) have recently become rivals in artificial intelligence (AI), with the latter investing heavily in OpenAI and the former building the Bard AI chatbot among other investments. The surge in AI popularity has prompted governments around the world to try to impose rules on the use of the technology, with the European Union in a race to adopt its landmark AI rules by the end of the year. "The danger is very great because you need two things above all for AI, powerful servers and vast amounts of data. Mundt said the field was still open to competition but regulators need to ensure it remains so. "Both developments are possible, and as an authority we have to be careful that any competitive potential is not buried from the outset."
Persons: Andreas Mundt, Wolfgang Rattay, Mundt, Foo Yun, Mark Potter Organizations: Federal, Office, REUTERS, Alpha, Big, Google, Microsoft, European Union, Reuters, Thomson Locations: Bonn, Germany, FRANKFURT, OpenAI
☆ A tiny Caribbean island could reportedly add 10% to its GDP thanks to the AI boom because it's in charge of the sought-after .ai domain name
  + stars: | 2023-08-31 | by ( Pete Syme | ) www.businessinsider.com   time to read: +2 min
But it's also in charge of the .ai domain name. The software developer who manages the domain told Bloomberg it could generate $30 million this year. AdvertisementAdvertisementA tiny Caribbean island could make $30 million from the AI boom thanks to its unique internet domain, Bloomberg reported. Cate told the outlet that the AI boom could still generate $30 million in domain-registration fees for Anguilla this year alone. That means the .ai domain could be worth around 10% of its total domestic product.
Persons: it's, Elon Musk's xAI, Vince Cate, who's, Cate Organizations: Bloomberg, Internet Corporation, Facebook, Google, Microsoft, Anguilla Governor's Locations: Anguilla, British, Tuvalu
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