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In securing some of the biggest names in tech, Schumer plans to make a giant splash for the first of what he's dubbed "AI Insight Forums." But when it comes to AI, we cannot be ostriches sticking our heads in the sand." But some have scratched their heads at Schumer's new approach in the Senate, which typically develops major policy legislation through committees of jurisdiction. Schumer has said the committees will work in tandem with the insight forums to develop legislation. And to me, that's a process that you ought to let work," Senate Minority Whip John Thune, R-S.D., a senior member of the Commerce, Science and Transportation Committee, said this summer.

Persons: Elon Musk, Mark Zuckerberg, Chuck Schumer, Zuckerberg, Satya Nadella, Alphabet's Sundar Pichai, OpenAI's Sam Altman, NVIDIA's Jensen Huang, Eric Schmidt, Musk, ChatGPT, Schumer, You've, John Thune Organizations: Capitol, SpaceX, Tesla, Meta, Facebook, Commerce, Science, Transportation Locations: OpenAI, York

☆ Scientists found more than 1,000 AI spam bots trying to scam people and steal their social media profiles — and regulators can't keep up
▼ + stars: | 2023-08-24 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +7 min

One of the latest is flooding social media with spam bots and AI-generated content that could further degrade the quality of information on the internet. Botnets are networks of hundreds of harmful bots and spam campaigns on social media that can go undetected by current anti-spam filters. We can still detect AI-generated spam — for nowBoth NewsGuard and the paper's researchers were separately able to unearth AI-generated spam content using an obvious tell that chatbots currently have. AdvertisementAdvertisementResearchers look for when these responses slip out in an automated bot's content, whether on a webpage or in a tweet. AdvertisementAdvertisementOne such measure was tagging AI-generated content with a hidden label to help people distinguish it from content made by humans, per the White House.

Persons: Kai, Cheng Yang, Filippo Menczer, Yang, Menczer, ChatGPT, chatbots, Wei Xu, Europol, Xu, Biden Organizations: Indiana University, Twitter, ChatGPT, Indiana University's Observatory, Social Media, telltale, Georgia Institute of Technology, Regulators, Google, Microsoft, House Locations: Indiana

☆ AI startup Hugging Face valued at $4.5 bln in latest round of funding
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

Aug 24 (Reuters) - AI startup Hugging Face said on Thursday it was valued at $4.5 billion in a $235-million funding round backed by technology heavyweights, including Salesforce (CRM.N), Alphabet's (GOOGL.O) Google and Nvidia (NVDA.O). The latest round of funding outlines the rapidly growing adoption of artificial intelligence (AI), which has been hailed by many as the next frontier of technology and has attracted some of the biggest investors in Silicon Valley. Following the launch of OpenAI's popular chatbot ChatGPT, several AI startups like Microsoft-backed (MSFT.O) Inflection AI and Google-backed Runway have raised funds. Intel (INTC.O), Advanced Micro Devices (AMD.O), Qualcomm (QCOM.O), IBM (IBM.N), Amazon (AMZN.O) and Ashton Kutcher-backed venture capital firm Sound Ventures also participated in Hugging Face's latest funding round. "In five years, every tech company will be an AI company," Delangue added.

Persons: Ashton Kutcher, Face's, Clément Delangue, Delangue, Shubhendu Satish Deshmukh, Niket, Shweta Agarwal Organizations: Google, Nvidia, Microsoft, Intel, Devices, Qualcomm, IBM, Sound Ventures, Thomson Locations: Silicon Valley, Bengaluru

The case is the latest example of the Federal Trade Commission cracking down on deceptive e-commerce consultancies that target consumers and fledgling online businesses. The Cresto brothers also took 35% of any profits from their "partners'" e-commerce stores, the complaint says. The suspensions left Empire's clients deeply in debt, the FTC alleged, "because Empire typically had its clients pay for inventory on credit cards." The scheme is ongoing and defrauding consumers of tens of thousands of dollars, according to the FTC. Amazon and Walmart did not immediately respond to CNBC's requests for comment.

Persons: John, Roman Cresto, Ecommerce Organizations: Amazon, Walmart, Federal Trade Commission, FTC, Southern, Southern District of Locations: U.S, Southern District, Southern District of California, Italy

☆ OpenAI CEO Sam Altman describes Elon Musk's devastating exit: 'I had to reorient a lot of my life and time'
▼ + stars: | 2023-08-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

OpenAI CEO Sam Altman said he had to "reorient a lot of my life and time" after Elon Musk left the company. Elon Musk's 2018 departure from OpenAI — the company behind ChatGPT — rocked the artificial intelligence organization, according to a sweeping new report from The New Yorker. It is estimated that Musk poured between $50 million to $100 million of his own funds into OpenAI, The New Yorker reported. In 2018, Musk left the company's board. When he stepped down, Musk also backed out of his commitment to continue funding OpenAI, a source told The New Yorker, which left Altman scrambling.

Persons: Sam Altman, Elon Musk, Musk, Musk's, Elon Musk's, OpenAI, ChatGPT —, Altman, Reid Hoffman, Peter Thiel, Tesla, Semafor, Hoffman, ChatGPT, Andreessen Horowitz, ChatGPT's, company's Organizations: Elon, Morning, Yorker, New Yorker, Microsoft, Sequoia, K2 Global Locations: OpenAI, New Yorker

☆ Google's old guard shifts roles as the company searches for itself
▼ + stars: | 2023-08-21 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

Jeff Kowalsky | Bloomberg | Getty ImagesA string of Google executives have changed their roles in the span of several months, in a shift that has sidelined many of company's remaining old guard. The changes encompass high-profile executives such as CFO Ruth Porat, YouTube CEO Susan Wojcicki, and employee No. Some say they have left their roles for a new challenge and others have left to seek opportunities in AI. While she'll still be in an advisory role at Google, she said, she wanted to "start a new chapter." Google's AI head, Jeff Dean, who's been at Google since 1999, became a chief scientist as part of the change.

Persons: Ruth Porat, Jeff Kowalsky, Susan Wojcicki, Urs Hölzle, Susan Wojcicki —, Sergey Brin, Larry Page, she'll, Robert Kyncl, David Lawee, Hölzle, Morgan Stanley, Porat, Courtenay Mencini, who've, it's, OpenAI, Sundar Pichai, Google execs, Prabhakar Raghavan, HJ Kim, Geoffrey Hinton, Demis, James Manyika, Jeff Dean, who's, It's Organizations: Inc, Michigan Central Station, Bloomberg, Getty, Google, YouTube, Warner Music Group, CapitalG, CNBC, New York Times, McKinsey, Google Research Locations: Detroit , Michigan, Silicon Valley

☆ Singapore workers are the world's fastest in adopting AI skills, LinkedIn report says
▼ + stars: | 2023-08-20 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

According to LinkedIn, Singapore has the highest "diffusion rate" of AI skills — where the share of members adding such skills to their profiles grew 20 times compared to January 2016. Workers in Singapore are the world's fastest when it comes to adopting artificial intelligence skills, according to LinkedIn's latest Future of Work report. Finland (16x), Ireland (15x), India (14x), and Canada (13x) round out the top five countries with the highest rates of AI skills diffusion, according to the report. Skills 'potentially augmentable' by AIIn 2022, the five fastest-growing AI-related skills added to member profiles were all ones "hinting at the emergence of generative AI," according to LinkedIn. Share of skills potentially augmentable by generative AI Software engineer: 96%Customer service rep: 76%Cashier: 59%Salesperson: 59%Teacher: 45%Event manager: 39% Just 3% of software engineers' skills need to be performed by humans.

Persons: Pooja Chhabria, Chatbot ChatGPT, Goldman Sachs, GAI, Chhabria Organizations: LinkedIn, Workers, CNBC, Big Tech, Google, Microsoft Locations: Singapore, Finland, Ireland, India, Canada, Asia, Pacific

Aug 17 (Reuters) - Two prominent former Google (GOOGL.O) researchers, one of whom was a co-inventor of the “transformer” artificial intelligence architecture that paved the way for the generative AI boom, announced on Thursday they had started a new AI company based in Tokyo. Sakana AI, founded by David Ha and Llion Jones, declined to disclose funding details. Ha was previously the head of research at Stability AI and a Google Brain researcher. After the famous paper came out, advances in generative AI foundation models have centered around making the “transformer”-based models larger and larger. Instead of doing that, Sakana AI will focus on creating new architectures for foundation models, Jones told Reuters.

Persons: David Ha, Llion Jones, Jones, Ha, “, ”, Noam Shazeer, Aidan Gomez, Anna Tong, Frances Kerry Organizations: Google, Reuters, Thomson Locations: Tokyo, San Francisco

☆ Google A.I. researcher says he left to build a startup after encountering 'big company-itis'
▼ + stars: | 2023-08-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Sakana AI founders Llion Jones, left, and David Ha, meet at a rooftop bar in Tokyo. Jones, a co-author of Google's prominent Transformers research paper, is the generative AI research lab's technology chief, and Ha, a former Google research scientist, is its CEO. He was one of eight authors of the pivotal Transformers research paper, which is central to the latest in generative artificial intelligence. He's joining fellow ex-Google researcher David Ha to build a generative AI research lab in Tokyo called Sakana AI. The T stands for Transformers, an architecture behind much of today's frenetic generative AI activity.

Persons: Llion Jones, David Ha, Jones, He's, Ha, Sakana, OpenAI, they've Organizations: Google, itis, CNBC, University of Birmingham, YouTube, Microsoft Locations: Tokyo, Ha

For the second quarter, Amazon's revenue grew 11% to $134.4 billion, beating estimates of $131.5 billion from analysts polled by Refinitiv. In recent months, Amazon Web Services (AWS) saw its sales growth slow as wary businesses scrutinized their cloud bills. The unit beat estimates of around $21.7 billion in second-quarter cloud sales, increasing them 12% to $22.1 billion. Its rivals posted bigger jumps off smaller bases: 28% growth in Alphabet's June-quarter cloud revenue and a 26% quarterly increase for Microsoft's Azure. Longer-term, Amazon aims to turn one unit, its $35 billion in yearly gross business-to-business e-commerce sales, into $100 billion, Jassy told analysts.

Persons: Pascal Rossignol, Brian Olsavsky, Olsavsky, Andy Jassy, Arun Sundaram, Sundaram, Jassy, Thomas Monteiro, Investing.com, Monteiro, Refinitiv, Chavi Mehta, Jeffrey Dastin, Noel Randewich, Arun Koyyur, Aurora Ellis, Chris Reese Organizations: REUTERS, Amazon.com Inc, Amazon, Google, Microsoft, Refinitiv, Amazon Web Services, CFRA Research, Reuters, Thomson Locations: Lauwin, France, Alphabet's, Bengaluru, Jeffrey Dastin San Francisco

☆ Amazon's outlook brightens on cloud, consumer sales lift
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

Facing an array of challenges, Amazon has aimed to keep its mantle as the world's biggest cloud provider and online retailer. Despite this, Amazon sped up revenue growth in the second quarter. Sales increased 11% to $134.4 billion, compared to estimates of $131.50 billion from analysts polled by Refinitiv. AWS beat estimates of around $21.7 billion in second-quarter cloud sales, increasing them 12% to $22.1 billion. The company forecast current-quarter net sales in the range of $138 billion and $143 billion.

Persons: Pascal Rossignol, Long, Andy Jassy, Refinitiv, Chavi Mehta, Arun Koyyur, Aurora Ellis Organizations: REUTERS, Amazon.com Inc, Google, Microsoft, Amazon, Refinitiv, Amazon Web Services, Thomson Locations: Lauwin, France, Bengaluru

☆ Chinese tech giant Alibaba challenges Meta with open-sourced A.I. model launch
▼ + stars: | 2023-08-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In April, Alibaba launched its large language model (LLM) called Tongyi Qianwen. Tongyi Qianwen allows AI content generation in English and Chinese and has different model sizes, including seven billion parameters and above. While Alibaba might not earn licensing fees from open-sourcing its technology, the distribution will help the company get more users for its AI model. This comes at a time when China's biggest e-commerce company is looking to boost its cloud computing division through investments in AI, targeting cloud computing as a critical future area for profitability and growth. Offering a good LLM for AI apps development is a potential competitive advantage for cloud computing players.

Persons: Alibaba, Tongyi, Alibaba hasn't Organizations: Artificial Intelligence, U.S, Microsoft Locations: Shanghai, China, Alibaba, Hangzhou

☆ AMD shares fall as analysts worry AI chip targets may be ambitious
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

The logo of semiconductor company Advanced Micro Devices Inc (AMD) is seen on a graphics processing unit (GPU) chip in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/IllustrationAug 2 (Reuters) - Advanced Micro Devices's (AMD.O) shares fell about 6% on Wednesday as analysts raised concerns that the chip designer's targets for an artificial intelligence (AI) ramp-up may be too ambitious. "Unless numbers get really material, soon, we fear estimates remain too high and the stock (AMD) looks a little stretched to us," Bernstein analysts wrote in a note. Summit Insights Group analyst Kinngai Chan said investors were giving AMD a pass hoping for a bigger AI payday. "The Bulls want AMD to be the next concept stock... the Bears say show me the results and make me believe the AI hype."

Persons: Florence Lo, Fitch, Bernstein, Kinngai Chan, Akash Sriram, Chavi Mehta, Devika Organizations: Devices Inc, REUTERS, Philadelphia, Semiconductor, Nvidia, AMD, Refinitiv, Bulls, Bears, Thomson Locations: Philadelphia, Bengaluru

☆ Even OpenAI's own detection service can't tell AI-generated work apart — the company quietly took it down over accuracy concerns
▼ + stars: | 2023-07-26 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI quietly removed its tool for detecting writing generated by AI, citing accuracy concerns. Fears of students using generative AI like ChatGPT to cheat have driven some schools to ban its use. Experts told Insider ChatGPT exacerbates underlying issues in education — like excessive testing and formulaic essays. OpenAI, the creator of viral chatbot ChatGPT, has quietly scuppered a tool that detects AI-generated text, citing accuracy concerns. Rebecca Tan, a lecturer at the National University of Singapore, told Insider that educators are adapting to a reality where generative AI is widely available.

Persons: OpenAI, —, Rebecca Tan, Turnitin, Leah Henrickson Organizations: National University of Singapore, Washington Post, Times Higher Education, USA, Turnitin, University of Leeds

☆ Starboard's Jeff Smith says A.I. is an enormous opportunity, benefiting Salesforce and others
▼ + stars: | 2023-07-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"AI is an enormous opportunity," Smith said Tuesday on CNBC's " Squawk on the Street ." The internet was one to start with ... maybe you talk about cryptocurrency blockchain and then you might talk about AI." Smith said AI is an "enormous opportunity" for Salesforce , the software company that he took an activist stake in in 2022. Revenue growth did slow a little bit, which was expected," Smith said of Salesforce. Smith said he's also bullish on software name Splunk , which he said is slightly behind Salesforce in terms of execution.

Persons: Jeff Smith, Smith, blockchain, chatbot, they've, Salesforce, there's, he's Organizations: Nvidia, Ramius Locations: York

☆ Marc Andreessen says AI will function as a lifelong 'partner' for kids with full insight into everything they've done and want — and he thinks that's a good thing
▼ + stars: | 2023-07-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Marc Andreessen championed AI as a personalized teaching tool for children in a podcast interview. In AI, children will have a partner "whose goal in life will be to make them as happy and satisfied and successful as possible," he said. Billionaire tech investor Marc Andreessen — who has long been bullish on the tech — thinks AI is a lifelong "ally" for the children of tomorrow as they both grow up together. Speaking on the Joe Rogan Experience podcast last Wednesday, Andreessen shared how he had introduced his 8-year-old son to the viral AI chatbot ChatGPT as an educational tool. One e-commerce CEO sparked outrage for laying off 90% of his support staff after an AI chatbot outperformed them.

Persons: Marc Andreessen, Marc Andreessen —, Joe Rogan, Andreessen, it's, Andreessen Horowitz, Wharton, Ethan Mollick Organizations: ChatGPT, Morning, Billionaire, Microsoft

☆ AI investment is booming. How much is hype?
▼ + stars: | 2023-07-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. The bulk of this sum comes from Microsoft (MSFT)’s $10 billion investment, announced in January, in OpenAI, the developer of popular generative AI chatbot ChatGPT. But even excluding Microsoft’s bumper deal, the value of VC investments in generative AI was up by almost 58% compared with the same period in 2022. “Buying a ‘dot-ai’ domain, and claiming to be an AI company… doesn’t really make you an AI company,” Jacobs told CNN.

Persons: Antoine Moyroud, wasn’t, ”, Arthur Mensch, Nathan Laine, hasn’t, ” Mostaque, jostling, Moyroud, ’, ’ “, “, ” Moyroud, It’s, Jaap Arriens, Goldman Sachs, Stocks, Mike Reynolds, Reynolds, —, “ It’s, ” Reynolds, ” Jordan Jacobs, … doesn’t, ” Jacobs Organizations: London CNN, Lightspeed Venture Partners, CNN, Mistral, Viva Tech, Bloomberg, Getty, Stability, Microsoft, Meta, Nvidia, Nasdaq, Cisco, Radical Ventures Locations: French, Paris, California, OpenAI, —, Toronto

☆ OpenAI's head of trust and safety steps down
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, July 21 (Reuters) - OpenAI's head of trust and safety Dave Willner is leaving the company, he said in a LinkedIn post on Friday, citing the pressures of the job on his family life and saying he would be available for advisory work. Willner took over his role at OpenAI in February last year, after working at Airbnb and Facebook. He attributed his decision to quit to growing demands from his job affecting his family life. Microsoft-backed OpenAI, whose AI chatbot ChatGPT, has stormed the world, has said it depends on its trust and safety team to build "the processes and capabilities to prevent misuse and abuse of AI technologies". Reporting by Supantha Mukherjee in Stockholm and Fanny Potkin in Singapore; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dave Willner, OpenAI, Willner, I've, Supantha Mukherjee, Fanny Potkin, Barbara Lewis Organizations: OpenAI, Facebook, Microsoft, Thomson Locations: STOCKHOLM, Stockholm, Singapore

☆ OpenAI’s head of trust and safety is stepping down
▼ + stars: | 2023-07-21 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —OpenAI’s head of trust and safety announced on Thursday plans to step down from the job. OpenAI CEO Sam Altman called for AI regulation during a Senate panel hearing in March. Willner’s exit comes as OpenAI continues to work with regulators in the United States and elsewhere to develop guardrails around fast-advancing AI technology. OpenAI was among seven leading AI companies that on Friday made voluntary commitments agreed to by the White House meant to make AI systems and products safer and more trustworthy. As part of the pledge, the companies agreed to put new AI systems through outside testing before they are publicly released, and to clearly label AI-generated content, the White House announced.

Persons: New York CNN —, Dave Willner, ”, chatbot ChatGPT, OpenAI, Sam Altman, “, Willner —, Airbnb — Organizations: New, New York CNN, Facebook, White House Locations: New York, OpenAI, United States

July 19 (Reuters) - Enterprise software provider IBM's (IBM.N) second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by tepid spending from businesses. Revenue growth in the U.S. and Western Europe was "muted" as the company wrapped up the cycle for its mainframe computers it launched last year, Chief Financial Officer James Kavanaugh said in an interview. Total revenue for the quarter ended June 30 fell 0.4% to $15.48 billion compared with analysts' average estimate of $15.58 billion, according to Refinitiv data. Analysts expect watsonx to aid the software business, which grew 7.2% to $6.6 billion during the reported quarter, thanks to enterprise digitization projects. Net income rose to $1.58 billion, or $1.72 per share, compared with $1.39 billion, or $1.53 per share, a year earlier.

Persons: James Kavanaugh, Chavi Mehta, Vinay Dwivedi Organizations: Enterprise, Accenture, India's Tata Consultancy Services, North, IBM, Thomson Locations: North America, U.S, Western Europe, Bengaluru

TOKYO, July 19 (Reuters) - Japan needs to rapidly expand computing power as it vies to become a global leader in artificial intelligence, said Hideki Murai, a special AI adviser to Prime Minister Fumio Kishida. "The government's key priority is computing power. We feel a real sense of crisis about that," Murai, a ruling Liberal Democratic Party lawmaker who heads the government's AI strategy team, told Reuters in an interview on Tuesday. Japan, the world's third-largest economy, has been slow to invest in the field, and lags the United States in AI computer infrastructure. Some 3,000 companies in Japan have access to a supercomputer at the government's National Institute of Advanced Industrial Science and Technology (AIST) offering 0.8 exaflops of computing power.

Persons: Hideki Murai, Fumio Kishida, OpenAI, Murai, Shohei Ohtani, Tim Kelly, Sam Nussey, Miho Uranaka, Sam Holmes Organizations: Liberal Democratic, Reuters, government's National Institute of Advanced Industrial Science, Technology, Microsoft, Japan's Ministry of Economy Trade, Industry, SoftBank Corp, AIs, Japan, Major League, European Union, Thomson Locations: TOKYO, Japan, United States, AIST, European

☆ Teladoc Health expands Microsoft tie-up to automate documentation with AI
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 18 (Reuters) - Teladoc Health (TDOC.N) is expanding a partnership with Microsoft (MSFT.O) to use the tech giant's artificial intelligence services to automate clinical documentation on its telehealth platform. The integration of AI services including Microsoft's OpenAI, owner of viral chatbot ChatGPT, will help ease the burden on healthcare staff during virtual exams, Teladoc said on Tuesday. The companies have been collaborating since the height of the COVID-19 pandemic in 2021, wherein Teladoc integrated its Solo virtual healthcare platform into Microsoft Teams. Teladoc will now also use Microsoft's Nuance Dragon Ambient eXperience, an AI-powered voice-enabled solution that uses the GPT4 AI service, to automatically document patient encounters, the telehealth company said. Reporting by Leroy Leo in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Microsoft's OpenAI, Teladoc, Leroy Leo, Devika Organizations: Teladoc, Microsoft, Thomson Locations: Bengaluru

☆ India's Infosys signs five-year AI deal with $2 bln target spend
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 18 (Reuters) - India's second-largest software services exporter Infosys (INFY.NS) said on Monday it has signed a deal with an existing client to provide artificial intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion. AI and automation-related development, modernization and maintenance services are included in the agreement, the company said in an exchange filing. Infosys' move comes after rival Tata Consultancy Services (TCS.NS) said it planned to train 25,000 engineers to get them certified on Microsoft's (MSFT.O) Azure Open AI. Other rival Wipro (WIPR.NS) has plans to invest $1 billion into artificial intelligence (AI) over the next three years. Bengaluru-based Infosys launched a platform called Infosys Topaz for generative artificial intelligence (AI) in late May.

Persons: ChatGPT, Navamya Ganesh, Nivedita Organizations: Infosys, Microsoft, Tata Consultancy Services, Wipro, Thomson Locations: BENGALURU, Bengaluru

☆ Elon Musk says he wants to use his new AI company to answer scientific questions and understand 'what the hell is really going on'
▼ + stars: | 2023-07-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk has a new AI company called xAI. The company launched last week with a mission to "understand the true nature of the universe." Musk said it would tackle scientific questions and attempt to understand what's "really going on." Elon Musk has a new AI company, which has some pretty lofty aims. Musk, who expanded on this aim during a Twitter Spaces on Friday, said the company planned to tackle unknown scientific questions and generally attempt to understand "what the hell is really going on."

Persons: Elon Musk, Musk, OpenAI Organizations: xAI

☆ A.I. is a $1 trillion investment opportunity but will be 'biggest bubble of all time,' CEO predicts
▼ + stars: | 2023-07-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. Artificial intelligence will be the biggest bubble of all time, according to the CEO of open-source AI company Stability AI. Speaking with UBS analysts on a call last week, Stability AI CEO Emad Mostaque said of artificial intelligence: "I think this will be the biggest bubble of all time." "I call it the 'dot AI' bubble, and it hasn't even started yet," he said. Stability AI is the company behind Stable Diffusion, one of the other more popular generative AI tools aside from OpenAI.

Persons: Emad Mostaque, hasn't, chatbot, Google Bard, Microsoft Bing, Mostaque, Reid Hoffman Organizations: Bloomberg Technology Summit, UBS, Coatue, Lightspeed Venture Partners, Mostaque, Google, Microsoft Locations: San Francisco , California, U.S

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