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☆ EU considering whether to attend Britain's AI summit, spokesperson says
▼ + stars: | 2023-09-22 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 22 (Reuters) - The European Union is considering whether to send officials to Britain's upcoming artificial intelligence safety summit, a spokesperson told Reuters, as the bloc nears completion of wide-ranging AI legislation that is the first of its kind globally. European Commission Vice President Vera Jourova has received a formal invitation to the summit, the spokesperson said, adding: "We are now reflecting on potential EU participation." However, the Financial Times reported that British government officials favour a less "draconian" approach to AI regulation than the EU. Last month, Clifford told Reuters he hoped the summit would set the tone for future international debates on AI regulation. While a number of world leaders, including U.S. Vice President Kamala Harris, are expected to attend the summit, it largely remains unknown who else has been invited -- or who has accepted an invitation.

Persons: Dado Ruvic, Rishi Sunak, Vera Jourova, Sunak, Matt Clifford, Jonathan Black, Clifford, Kamala Harris, Jeremy Hunt, Martin Coulter, Hugh Lawson Organizations: REUTERS, European, British, Financial Times, EU, Tech, Reuters, U.S, Politico, Thomson Locations: European Union, Britain, China

☆ An HSBC-backed startup is using AI to help banks fight financial crime — and eyeing a Nasdaq IPO
▼ + stars: | 2023-09-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Markiewicz's company uses artificial intelligence (AI) to help financial institutions fight these issues in a bid to cut the amount of resources it takes to tackle crime, keeping banks in the good books of regulators. These smaller models combine to form Silent Eight's software that some of the largest banks in the world, from Standard Chartered to HSBC , are using to fight financial crime. Markiewicz said Silent Eight's AI models were actually trained on the processes that human investigators were carrying out within financial institutions. "So we just knew that we will have to start with some big financial institutions first, for the other ones to know that there is no risk and follow." Silent Eight's headquarters is in Singapore with offices in New York, London, and Warsaw, Poland.

Persons: Michael Wilkowski, Julia Markiewicz, Martin Markiewicz ., Martin Markiewicz, Markiewicz, ChatGPT Organizations: Silent, Silent Eight, CNBC, OTB Ventures, Standard Chartered, HSBC, Chartered Locations: WARSAW, U.S, Singapore, New York, London, Warsaw, Poland

☆ Poland investigates OpenAI over privacy concerns
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Openai LLC FollowMicrosoft Corp FollowWARSAW, Sept 21 (Reuters) - A Polish watchdog is investigating Microsoft-backed (MSFT.O) OpenAI over a complaint that its ChatGPT chatbot breaks European Union data protection laws known as the GDPR, it said. OpenAI has already faced at least its second class action lawsuit in San Francisco federal court for allegedly breaking privacy laws. "The case concerns the violation of many provisions on the protection of personal data, so we will ask Open AI to answer a number of questions," said Jan Nowak, President of Poland's Personal Data Protection Office (UODO). The complainant said they were unable to find out which of their personal data was processed by the company, and received evasive and misleading answers to questions.

Persons: Dado Ruvic, OpenAI, Jan Nowak, UODO, ChatGPT, Alan Charlish, Jan Harvey Organizations: REUTERS, Microsoft, Google, Thomson Locations: WARSAW, San Francisco federal

WASHINGTON, Sept 13 (Reuters) - Tesla (TSLA.O) CEO Elon Musk called on Wednesday for a U.S. "referee" for artificial intelligence after he, Meta Platforms (META.O) CEO Mark Zuckerberg, Alphabet (GOOGL.O) CEO Sundar Pichai and other tech CEOs met with lawmakers at Capitol Hill to discuss AI regulation. Musk said there was need for a regulator to ensure the safe use of AI. "It's important for us to have a referee," Musk told reporters, comparing it to sports. Musk confirmed he had called AI "a double-edged sword" during the forum. Other attendees included Nvidia (NVDA.O) CEO Jensen Huang, Microsoft (MSFT.O) CEO Satya Nadella, IBM (IBM.N) CEO Arvind Krishna, former Microsoft CEO Bill Gates and AFL-CIO labor federation President Liz Shuler.

Persons: Elon Musk, Mark Zuckerberg, Sundar Pichai, Musk, Zuckerberg, Chuck Schumer, Todd Young, Leah Millis, Mike Rounds, Rounds, Jensen Huang, Satya Nadella, Arvind Krishna, Bill Gates, Liz Shuler, Schumer, Joe Biden's, David Shepardson, Moira Warburton, Mike Stone, Jonathan Oatis, Rosalba O'Brien, David Gregorio Our Organizations: Capitol, Lawmakers, Democratic, Republican, Intelligence, Senate, U.S, REUTERS, Nvidia, Microsoft, IBM, AFL, Regulators, Adobe, Google, Thomson Locations: Washington , U.S

☆ Google's AI feature in Gmail and productivity apps will cost big businesses $30 a month per user
▼ + stars: | 2023-08-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

The technology — called Duet AI — will cost just as much as Microsoft's 365 Copilot enhancements, which could become available in the first half of next year. Google began taking preorders for Duet AI for Google Workspace at the $30 per user price in May, but didn't disclose it publicly, Pappu said. In Gmail and Google Docs, users can input a simple text prompt and tell Duet AI to produce a result. One early customer is lingerie brand Adore Me, where employees use Duet AI to prepare copy, a Google spokesperson said. A consumer version of Duet AI for Google Workspace should become available "early next year," Pappu said.

Persons: Sundar Pichai, —, ChatGPT chatbot, Aparna Pappu, Pappu, Redmond Organizations: Allen, Co . Media, Technology Conference, Google, Gmail, CNBC, Microsoft, Bing Locations: Sun Valley , Idaho, Redmond , Washington

☆ Google, Amazon, Nvidia and other tech giants invest in AI startup Hugging Face, sending its valuation to $4.5 billion
▼ + stars: | 2023-08-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Hugging Face, an AI firm based in New York, has raised $235 million at a $4.5 billion valuation from some of technology's biggest companies. Hugging Face CEO Clement Delangue said the funds are to be focused on hiring talent to be competitive in the artificial intelligence space. He hopes that AI developers will rely on Hugging Face on a daily basis to get their work done. And if all of them use Hugging Face all day, every day, we'll obviously be in a good position," he said. Hugging Face hosts 500,000 different AI models, 250,000 data sets, and has 10,000 paying customers, the company said.

Persons: Clement Delangue, OpenAI, BLOOM, Delangue Organizations: Google, Nvidia, Salesforce, AMD, Intel, IBM, Qualcomm, Microsoft, Facebook, Meta, CNBC, IDEFICS Locations: New York

☆ South Korea's Naver launches generative AI services
▼ + stars: | 2023-08-24 | by ( Ju-Min Park | ) www.reuters.com time to read: +2 min

Naver said its AI product, named HyperCLOVA X, will provide generative AI-driven searches for users as well as new customised services for enterprise clients. Naver has said it is jointly developing with Samsung Electronics (005930.KS) new chip solutions that will be smaller and more efficient to support its AI technology development. The company plans to open a new data centre for the HyperCLOVA X services in November, Naver said on Thursday. "We are ready to face a new transformation called generative AI," Naver Chief Executive Choi Soo-yeon said. Choi said the company was in talks with global partners about its new AI services' overseas expansion but it was not ready to identify those partners.

Persons: Heo, OpenAI's ChatGPT, Naver, HyperCLOVA, Choi Soo, Choi, Miyoung Kim, Sam Holmes Organizations: REUTERS, Rights, Samsung Electronics, Microsoft, Google, U.S, Thomson Locations: Seongnam, South Korea, Rights SEOUL, Seoul, Japan, Southeast Asia

☆ Nvidia's earnings Wednesday will be a big test for AI bulls
▼ + stars: | 2023-08-23 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Revenue: $11.22 billion, according to Refinitiv. A closer look at estimates shows just how reliant Nvidia has become on AI chips. By contrast, Nvidia's Datacenter group, which houses AI chips, is looking at a 111% increase in revenue to $8.03 billion, according to estimates. Nvidia's AI chips, including the A100 and H100, have been difficult to purchase in recent months as startups, big companies, governments and cloud providers all have placed orders. Last year, the U.S. placed export restrictions on Nvidia, which forced the company to make specialized, slower versions of its AI chips for the Chinese market.

Persons: Jensen Huang, StreetAccount, chatbot, Nvidia's, Huang, TSMC, Morris Chang, Biden Organizations: Nvidia, Facebook, Meta, Taiwan Semiconductor Manufacturing Locations: Taipei, Refinitiv, China, U.S

☆ Cloud stocks falter as Datadog trims 2023 revenue expectations
▼ + stars: | 2023-08-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Cloud stocks slipped on Tuesday, after one of the more prominent ones, Datadog , lowered its full-year revenue guidance as organizations remain engaged in cost-saving exercises. Then inflation hit, central bankers raised interest rates, and investors began selling holdings in fast-growing cloud stocks and rotating into safer investments that could more consistently offer returns. Executives at many cloud companies responded by reducing overhead, sometimes in the form of layoffs. Cloud stocks began to rebound, but many, including Datadog, have yet to trade above their record highs from 2021. Like Datadog, Everbridge , whose software helps companies respond to emergencies, lowered its growth expectations for the full year on Tuesday.

Persons: Datadog, Refinitiv, Olivier Pomel, Pomel, Bernstein, Peter Weed, Covid, RingCentral, Hewlett Packard, Tarek Robbiati, Vlad Shmunis, Sonalee Parekh, Patrick Brickley Organizations: Computing Fund, Bernstein Research, Nasdaq Locations: U.S, Smartsheet, Snowflake

☆ Amazon cloud revenue rise 12%, topping analysts' estimates
▼ + stars: | 2023-08-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Amazon said Thursday that revenue from its cloud unit increased 12% year over year in the second quarter, a speedier pace than analysts had predicted. Revenue for the quarter came to $22.1 billion, beating the $21.79 billon consensus among analysts surveyed by StreetAccount. AWS operating income has now declined for three consecutive quarters. Google and Microsoft are also moving quickly to make money as companies look to take advantage of generative AI following the rise of startup OpenAI's ChatGPT chatbot. AWS CEO Adam Selipsky told CNBC in June that the generative AI "race" has just started.

Persons: Gartner, Adam Selipsky Organizations: Amazon, Revenue, StreetAccount, StreetAccount . Revenue, Amazon Web Services, AWS, Microsoft, Center, Google, OpenAI Service, CNBC Locations: StreetAccount .

☆ Microsoft warns of service disruptions if it can’t get enough A.I. chips for its data centers
▼ + stars: | 2023-07-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Satya Nadella, chief executive officer of Microsoft Corp., during the company's Ignite Spotlight event in Seoul, South Korea, on Tuesday, Nov. 15, 2022. Microsoft is emphasizing to investors that graphics processing units are a critical raw material for its fast-growing cloud business. OpenAI relies on Microsoft's Azure cloud to perform the computations for ChatGPT and various AI models, as part of a complex partnership. Those efforts and the interest in ChatGPT have led Microsoft to seek more GPUs than it had expected. Microsoft has begun looking outside its own data centers to secure enough capacity, signing an agreement with Nvidia-backed CoreWeave, which rents out GPUs to third-party developers as a cloud service.

Persons: Satya Nadella, chatbot, Jensen Huang, ChatGPT, Amy Hood, Rowe's Dom Rizzo Organizations: Microsoft Corp, Microsoft, Nvidia, AMD Locations: Seoul, South Korea

☆ Capgemini to invest 2 bln euros in AI after higher half-year sales
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

July 28 (Reuters) - French IT consulting group Capgemini (CAPP.PA) on Friday posted higher half-year revenue, driven by its cloud, data and artificial intelligence (AI) activities, and said it would invest 2 billion euros ($2.19 billion) in AI over three years. The Paris-based company tries to help businesses to adopt AI technology through partnerships with Microsoft and Google Cloud. "We continue to gain market share as we accompany our clients in their transition towards a digital and sustainable economy ... I am convinced that generative AI will play a major role in this transition," CEO Aiman Ezzat said in a statement. Capgemini, which offers consulting, digital, technical and engineering services, reported revenue of 11.43 billion euros in the first half of 2023, compared to 10.69 billion a year earlier.

Persons: Aiman Ezzat, ChatGPT chatbot, Lina Golovnya, Stéphanie, Milla Nissi Organizations: French IT, Microsoft, Google, Thomson Locations: French, Paris, Gdansk

☆ Microsoft shares fall after earnings report as analysts process a delayed A.I. ramp
▼ + stars: | 2023-07-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft shares were trading down as much as 5% on Wednesday, a day after the software maker issued worse-than-expected quarterly revenue guidance. Microsoft has been increasing its capital expenditures to get infrastructure in place to provide AI services to developers at other companies and roll out assistant capabilities to apps such as Word and Outlook. The extra spending cuts into Microsoft's cloud gross margin. "The messaging on Copilot was more about tempering rather than inflating expectations," wrote UBS analysts led by Karl Keirstead, which also has a buy rating on Microsoft. Raymond James' Andrew Marok and Mauricio Munoz, with the equivalent of a buy rating on Microsoft shares, had a similar tone.

Persons: Amy Hood, Mark Murphy, Karl Keirstead, It's, Brad Reback, Raymond James, Andrew Marok, Mauricio Munoz, Satya Nadella, — CNBC's Michael Bloom Organizations: Microsoft, JPMorgan, UBS

☆ Microsoft set to report earnings after the close
▼ + stars: | 2023-07-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft will report results for its fiscal fourth quarter after market close on Tuesday. Based on analysts' projections, Microsoft will close fiscal 2023 with revenue growth below 10% for the first time since 2017. Microsoft doesn't report Azure revenue in dollars. During the quarter, Microsoft built on its broad alliance with OpenAI to capitalize on fresh interest in artificial intelligence, following the November launch of the startup's ChatGPT chatbot. Activision shares have climbed past $92.50, close to the $95 that Microsoft agreed to pay, reflecting optimism that the deal is on track to close.

Persons: Satya Nadella, OpenAI, they'll, Bing, Griffin Organizations: White, Microsoft, CNBC, StreetAccount, Amazon Web Services, Google, Activision Blizzard, Federal, Activision, Data, LinkedIn Locations: Washington, Refinitiv, ChatGPT

☆ Alphabet Steams Past Ad Worries, Fueled by Google’s Search Engine
▼ + stars: | 2023-07-25 | by ( Nico Grant | More About Nico Grant | ) www.nytimes.com time to read: +2 min

“This is our seventh year as an A.I.-first company, and we intuitively know how to incorporate A.I. “These advances provide an opportunity to reimagine many of our products, including our most important product: search.”Philipp Schindler, Google’s chief business officer, said in the earnings call that YouTube’s quarterly sales gains reflected greater stability in advertiser spending. competition from the ChatGPT chatbot and Microsoft’s Bing search engine, Google’s search engine has remained a central gateway to the web for billions of users. That has helped the company convince more advertisers that its sites are still a reliable way to reach consumers. Google also announced on Tuesday that Ruth Porat, its longest-serving chief financial officer, would assume the newly created role of president and chief investment officer on Sept. 1.

Persons: Mr, Pichai, ” Philipp Schindler, Google’s, Microsoft’s Bing, Ruth Porat Organizations: Google, Microsoft

☆ Microsoft is 'in the lead' with new cloud-based A.I. workloads, CEO Nadella says
▼ + stars: | 2023-07-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

1 when it comes to selling cloud-based AI services. The concept of AI has been around longer than Microsoft, and Microsoft has been running AI models for other companies for several years. That's the reason Microsoft has disclosed how much of the expected Azure cloud growth will come from AI for the past two quarters, Nadella said. That could be worth hundreds of millions of dollars in new Azure AI revenue. "There are two parts to even the AI," Nadella said.

Persons: Satya Nadella couldn't, Microsoft's, Nadella, Bing, OpenAI, Amy Hood, Adam Crisafulli Organizations: Microsoft, Bing, Google, Windows, OpenAI

☆ Best Place for A.I. Jobs (New Report Says) Won’t Surprise You
▼ + stars: | 2023-07-20 | by ( Steve Lohr | More About Steve Lohr | ) www.nytimes.com time to read: 1 min

The San Francisco Bay Area has ruled the technology industry for decades, from the early days of personal computers to the social media boom. The report, which the Washington think tank released on Thursday, said generative A.I. And the winners, so far, are San Francisco and San Jose, Calif. While that may not be surprising, the Brookings report may help to dispel the notion that smaller tech hubs like Austin, Texas, or Miami will be home to the next generation of big tech companies. If anything, it suggests the Bay Area’s hold on the tech industry could grow stronger.

Organizations: Brookings Institution Locations: San Francisco Bay, Washington, Francisco, San Jose, Calif, Brookings, Austin , Texas, Miami

The largest companies in the tech industry have spent the year warning that development of artificial intelligence technology is outpacing their wildest expectations and that they need to limit who has access to it. Mr. Zuckerberg, the chief executive of Meta, said on Tuesday that he planned to provide the code behind the company’s latest and most advanced A.I. technology to developers and software enthusiasts around the world free of charge. The decision, similar to one that Meta made in February, could help the company reel in competitors like Google and Microsoft. Those companies have moved more quickly to incorporate generative artificial intelligence — the technology behind OpenAI’s popular ChatGPT chatbot — into their products.

Persons: Mark Zuckerberg, Zuckerberg, Meta, Mr Organizations: Meta, Google, Microsoft

Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work. "I think we should curb our optimism that San Francisco commercial real estate will bounce back because of AI," said Silicon Valley investor Jeremiah Owyang. Eleven of the country's top 20 AI companies are in San Francisco and have raised $15.7 billion collectively between 2008 and 2023. That amount is just 2.3% of the estimated 150,000 daily workers that downtown San Francisco lost during the pandemic. Reporting by Anna Tong in San Francisco; Editing by Sayantani Ghosh, Anna Driver and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, San, Jeremiah Owyang, Erin Price, Wright, OpenAI, Matt Schlicht, Mike Grabowski, Grabowski, Owyang, Lee Edwards, Daron Acemoglu, Anna Tong, Sayantani Ghosh, Anna Driver, Matthew Lewis Organizations: Intelligence, REUTERS, FRANCISCO, Reuters, Francisco, San Francisco Mayor London Breed's, San, Microsoft, Octane, Google, Nordstrom, Massachusetts Institute of Technology, Thomson Locations: San Francisco, California, U.S, Valley, NFX, Dubai

☆ Sam Altman explains why he's helping to take nuclear microreactor company Oklo public via SPAC
▼ + stars: | 2023-07-11 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

And if we get those, we'll be quite surprised about how different and how much better the future is," Altman told CNBC in a phone conversation on Friday. I think there's urgent demand for tons and tons of cheap, safe, clean energy at scale," Altman told CNBC. I mean, maybe we could get there just with solar and storage," Altman told CNBC. There's no lack of desire or need for this," Altman told CNBC. Some of that is the reactor's smaller size, but some of it is how the Oklo reactors have been designed.

Persons: Gensler, Sam Altman, Oklo, Jake DeWitte, Aurora, Altman, chatbot, Caroline Cochran, Jacob DeWitte, Y, OpenAI, Joel Saget, He's, We've, DeWitte Organizations: AltC Acquistion Corp, CNBC, Microsoft, Oklo, Y Combinator, Afp, Getty, Helion, Southern, Initiative, U.S . Department of Energy, Idaho National Laboratory, Nuclear Regulatory Commission, NRC Locations: ramping, OpenAI, Paris, Georgia, U.S, Southern Ohio, Idaho

☆ China's Alibaba unveils AI image generator to take on Midjourney and DALL-E
▼ + stars: | 2023-07-07 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

HONG KONG, July 7 (Reuters) - Alibaba Group Holdings Ltd (9988.HK) announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers in beta form, as it ramps up its offerings in the fast-growing AI sector. The image generator, Tongyi Wanxiang, will compete with OpenAI's DALL-E and Midjourney Inc's Midjourney, U.S.-based rivals that have gained a large following worldwide. Alibaba Cloud, recently formed from a massive overhaul that split the Chinese tech major into six units, has also released a ChatGPT-like text generator, Tongyi Qianwen, which was launched in April. Baidu Inc (9888.HK) and SenseTime Group Inc <0020.HK > also recently unveiled AI image generators, although generative AI services have yet to receive regulatory approval for wide distribution in China. The Tongyi Wanxiang image generator, which roughly translates as "truth from tens of thousands of pictures", was revealed at the World Artificial Intelligence Conference in Shanghai on Friday.

Persons: Wanxiang, OpenAI's DALL, Inc's Midjourney, OpenAI's, chatbot, Josh Ye, Edmund Klamann Organizations: Alibaba Group Holdings, HK, McKinsey, Baidu Inc, SenseTime, Artificial Intelligence, Thomson Locations: HONG KONG, U.S, China, Shanghai

HONG KONG, July 7 (Reuters) - Alibaba Group Holdings (9988.HK) and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race. Alibaba Cloud, an Alibaba subsidiary, presented at the World Artificial Intelligence Conference in Shanghai an image generator named Tongyi Wanxiang that will initially be available to enterprise customers in beta form. Also on Friday, Huawei demonstrated the third iteration of its Panggu AI model at the start of its three-day annual developer conference in Dongguan. Alibaba's image generator will compete with OpenAI's DALL-E and Midjourney Inc's Midjourney, U.S.-based rivals that have gained a large following worldwide. Alibaba Cloud emerged from a massive overhaul announced in March that split the Chinese tech major into six units.

Persons: OpenAI, OpenAI's DALL, Inc's Midjourney, Alibaba, Josh Ye, Edmund Klamann, Barbara Lewis Organizations: Alibaba Group Holdings, HK, Huawei Technologies, Artificial Intelligence, Huawei, McKinsey, Alibaba, Thomson Locations: HONG KONG, Shanghai, Dongguan, U.S, Shenzhen

☆ As Businesses Clamor for Workplace A.I., Tech Companies Rush to Provide It
▼ + stars: | 2023-07-05 | by ( Yiwen Lu | ) www.nytimes.com time to read: +1 min

It seemed to be a game-changer, Mr. Austin said. So in January, AT&T tried a product from Microsoft called Azure OpenAI Services that lets businesses build their own A.I.-powered chatbots. AT&T used it to create a proprietary A.I. assistant, Ask AT&T, which helps its developers automate their coding process. “Once they realize what it can do, they love it,” Mr. Austin said.

Persons: Mark Austin, ChatGPT, Austin, ” Mr Organizations: Microsoft, OpenAI Services

☆ A.I.’s Use in Elections Sets Off a Scramble for Guardrails
▼ + stars: | 2023-06-25 | by ( Tiffany Hsu | Steven Lee Myers | ) www.nytimes.com time to read: +2 min

Increasingly, political consultants, election researchers and lawmakers say setting up new guardrails, such as legislation reining in synthetically generated ads, should be an urgent priority. The Republican National Committee released a video with artificially generated images of doomsday scenarios after President Biden announced his re-election bid, while Gov. Ron DeSantis of Florida posted fake images of former President Donald J. Trump with Dr. Anthony Fauci, the former health official. The Democratic Party experimented with fund-raising messages drafted by artificial intelligence in the spring — and found that they were often more effective at encouraging engagement and donations than copy written entirely by humans. The technology is already far more powerful than manual manipulation — not perfect, but fast improving and easy to learn.

Persons: Biden, Ron DeSantis, Donald J, Trump, Anthony Fauci, Sam Altman Organizations: Republican National Committee, Gov, Democratic Locations: Florida

☆ Drug discovery and 'techbio': What Europe's health startup investors are betting on in 2023
▼ + stars: | 2023-06-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

They named drug discovery and the emerging 'techbio' sector as areas of interest. COVID-19 fueled huge interest in health-tech startups, with VCs pouring a record $25.1 billion into health and biotech startups in 2021. Startups in the space are bringing new applications of tech to fields such as drug discovery, bioengineering, and patient care. VCs are still betting on drug discoveryEven though funding into drug discovery startups has significantly stalled this year, at just $126 million, startup valuations have picked up since 2022. Health-tech VCs won't splurge cashWhile COVID-19 did give healthtech startups a chance at the spotlight, they were still overshadowed by their counterparts in fintech and software-as-a-service.

Persons: techbio, healthtech Organizations: Morning, VCs, pharma, Big Pharma Locations: fintech, Munich, Germany, Europe

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