Klarna's AI chatbot, powered by OpenAI, has reportedly handled the equivalent workload of 700 full-time customer service agents in just one month, with the potential to improve the company's profits by $40 million this year, although some users have questioned its ability to fully replace human support agents.
The Orbic 5G ebike is the first of its kind to feature a built-in 5G connectivity, AI obstacle avoidance and collision detection system, and a range of other smart features.
A disastrous Willy Wonka-themed event in Scotland has sparked outrage among parents, children, and actors who were involved, with claims of misleading advertising, scripted gibberish, and unpaid wages.
Flock, a surveillance startup, has installed car tracking cameras in 4,000 cities across 42 states, growing nearly 2,700 percent since 2020, by delivering AI-based tracking hardware and software to local police departments, but has faced issues with permits and concerns over the use of tracking data.
Around 30% of scientists have used generative AI tools like ChatGPT to help write manuscripts, prompting academic publishers to establish policies on their use, but concerns about language mistakes, fabricated information, and increased publication throughput remain.
Morph Studio has created an AI filmmaking platform that allows users to generate, edit, and combine video clips into a cohesive narrative, blurring the boundaries of traditional film production. The platform also aims to build a vibrant user community for sharing AI-generated content and has received $2.5 million in funding.
A "Willy Wonka Experience" in Scotland turned out to be a disaster as AI-generated marketing materials and scripts led to a poorly executed event, causing children to cry and parents to call the police.
Chipmaker Advanced Micro Devices (AMD) is experiencing growth in the data center market due to its AI chips and is gaining market share against Intel and Nvidia, with data center products expected to account for 50% of AMD's revenue by the end of 2024.
WilmerHale, the law firm investigating Sam Altman's ouster as chief executive of OpenAI, is close to completing its review, which could provide insight into the circumstances surrounding the event.
Natalie Portman expresses concern that artificial intelligence could potentially replace her in the entertainment industry.
Lucy Guo's creator monetization platform Passes has raised $40 million in Series A funding, allowing content creators to earn money directly from their audiences and diversify their revenue streams through features such as exclusive content, messaging fans, livestreaming, and earning tips. The platform aims to turn creators into large businesses and offers additional features like screenshot-blocking technology and automated sales messages. Passes currently supports 900 creators and 500,000 fans, with its top 10 creators projected to earn over $1 million this year.
Apple is shifting its focus away from self-driving cars and towards generative AI and mixed-reality headsets, as the potential revenue from the latter outweighs that of the former; however, this decision eliminates a future revenue source for Apple at a time when the company has been struggling to maintain growth.
Despite their usefulness, language models like OpenAI's ChatGPT still tend to produce inaccurate and misleading information, making it difficult to trust AI-generated text due to their tendency to hallucinate. Various techniques, such as fine-tuning, prompt engineering, and retrieval augmented generation (RAG), can help mitigate hallucinations, but complete elimination may be challenging. The problem lies in the probabilistic nature of language models and the lack of self-consistent models of the world. Training users on how to appropriately use and interpret AI models may be as important as improving the models themselves.
Mistral AI has recently made several announcements including partnerships with Microsoft and integration with Amazon Bedrock, as well as releasing its latest AI models, including open models and commercial models with varying capabilities and costs, with Mistral Large being a strong competitor against OpenAI's most capable model.
Artificial intelligence (AI) has already made its way into many aspects of our daily lives, despite our limited understanding of which technologies use AI and which do not.
Bank of America has identified Nvidia and Super Micro Computer as top AI-driven stocks to buy due to their involvement in various AI technologies and their strong growth in the AI market. Nvidia, a leading semiconductor chip maker, has seen significant share growth, while Super Micro Computer, a provider of server and storage solutions, has experienced rapid revenue and earnings growth.
Adobe has developed Project Music GenAI Control, a new prototype tool that allows users to generate and customize music using text prompts, with integrated editing controls to adjust patterns, tempo, intensity, and structure, as well as remix and extend audio clips.
Chinese search engine leader Baidu generated "several hundred million yuan" in the fourth quarter from its AI-powered service Ernie Bot, primarily through ad technology and model building assistance for companies.
Electric Sheep Robotics has introduced Verdie, an autonomous electric robot that uses AI technology to perform landscaping tasks such as edging, trimming, and blowing, alongside human landscapers or other robots in the fleet. The company's proprietary AI software agent, ES1, enables Verdie to navigate and learn its environment, making it easy for deployment without the need for an engineer present.
SoundHound AI stock drops as cautious position from Northland analyst prompts investors to reassess the steep valuation surge, despite the company's potential in emerging AI opportunities and positive catalysts in the audio tech industry.
Microsoft plans to host a lineup of impactful events in 2024, including the ongoing Microsoft AI Tour, the annual Microsoft Build in Seattle, the digital engagement event Microsoft Inspire, and the biggest event of the year, Microsoft Ignite in Chicago, offering opportunities to learn, network, and explore the latest AI solutions.
Researchers from the Tokyo University of Science have developed an optical device that enhances edge computing by enabling real-time signal processing across various timescales, showing high classification accuracy on the MNIST dataset and offering a cost-effective solution for rapid data processing and analysis.
Samsung's Galaxy AI-powered features for transcribing, translating, and summarizing text and audio do not work in the Voice Recorder's Interview Mode, only in the Standard Mode.
Nvidia's stock has had an impressive growth rate since its invention of the graphics processing unit (GPU), and its continued dominance in the AI and data center markets make it a potentially rewarding investment.
Microsoft invests in Mistral AI, Thrasio files for bankruptcy, Glean raises $200M, and COTU Ventures and Zacua Ventures secure new funding.
Microsoft's President, Brad Smith, argues that AI should be regulated to the same extent as other products, like a carton of milk, and discusses the potential of AI to serve the public good while addressing concerns about misuse.
Political consultant Steve Kramer, who used artificial intelligence to orchestrate robocalls impersonating President Joe Biden, claims he did nothing wrong and did it to highlight the need for regulating AI. The robocalls, received by some New Hampshire voters, are being investigated by the Attorney General's Office for potential violation of voter suppression laws. Kramer's actions were not authorized by Rep. Dean Phillips' campaign, who condemned the robocall. Kramer hopes that his actions will spark regulatory changes to protect people from AI manipulation.
Tyler Perry expresses concern over OpenAI's Sora software, fearing it may replace industry workers and disrupt the film industry, though experts argue that high-quality content creation will still require human artistry and humanity.
Amazon's industrial innovation fund is planning to increase investments in companies that combine artificial intelligence and robotics to drive efficiencies in its logistics network, with a specific focus on generative AI, as Big Tech companies continue to pour billions into developing the technology. However, the company stated that its aim is not to replace all humans but rather to shift jobs as more robots and automated vehicles take on repetitive or dangerous tasks.
Klarna claims its AI assistant is performing the same amount of work as 700 human agents and is on par with them in terms of customer satisfaction. However, some users have expressed skepticism about the assistant's capabilities. Klarna's CEO has been vocal about the company's focus on AI and its potential for improving efficiency and profitability.
Google's Gemini AI model, which generates images and texts, has been criticized for biased and offensive results, including portraying historical figures as different ethnicities and genders; Google CEO Sundar Pichai acknowledged the issue and pledged to address it through structural changes and improved product guidelines.
Meta CEO Mark Zuckerberg discussed cooperation on extended reality devices with LG Electronics executives in South Korea as part of his Asian tour, highlighting Meta's ambitions in artificial intelligence and forging partnerships with tech powerhouses.
StarCoder2, developed in partnership with ServiceNow, Hugging Face, and NVIDIA, is a family of open-access large language models for code generation that sets new standards for performance, transparency, and cost-effectiveness, offering developers powerful capabilities to improve productivity and accelerate innovation.
Hugging Face, in collaboration with ServiceNow, has released StarCoder 2, an open source code generator that offers improved performance, lower costs, and a less restrictive license than other AI-powered code generators like GitHub Copilot and Amazon CodeWhisperer. The release includes three variants of the code-generating model, trained by ServiceNow, Hugging Face, and Nvidia, respectively. StarCoder 2 provides efficient code completion and code summarization features, while also allowing fine-tuning using GPUs and offering more accurate predictions for over 600 programming languages. Concerns about security vulnerabilities and code sprawl from code generators still persist, but StarCoder 2 aims to address these concerns by prioritizing transparency and ethical practices.
Laurie Anderson, the American artist and musician, has become addicted to an AI text generator that emulates the vocabulary and style of her late partner, Lou Reed, allowing her to continue writing and collaborating with him posthumously.
IBM has released the fourth generation of its FlashCore Module (FCM) technology for SSDs, which uses artificial intelligence to detect and respond to cybersecurity threats such as ransomware in under a minute.
Lightricks has announced LTX Studio, an AI-powered filmmaking tool that helps creators generate short clips and storyboard ideas, available next month for free.
Google has signed a $60 million deal with Reddit to gain real-time access to the platform's data, which will be used to improve Google's artificial intelligence offerings, highlighting the value of user-generated content and the need for content licensing deals.
Customers are requesting up to ten new fabs for AI processors due to the booming demand, but the high cost and risk of excess capacity make it unlikely that this demand will be met in the near future.
Humpback whale populations in the North Pacific, previously recovering from industrial whaling, have declined due to a major marine heat wave caused by climate change which reduced their food supply, according to research conducted using photographs and artificial intelligence-based image recognition.
Baidu's profit declines 48% due to high costs of AI development, highlighting the challenges of competing in the AI sector, despite revenue growth from its ChatGPT-style service.
Ginkgo Bioworks has acquired the platform and AI/ML tools of Reverie Labs to enhance its AI-driven drug discovery capabilities and accelerate the development of biological foundation models.
Pagaya Technologies, an AI-driven credit evaluation platform, is poised for significant growth and has caught the attention of Wall Street, with one analyst predicting a 300% gain in the stock price in the next 12-18 months. Despite being in a volatile industry and not yet profitable, Pagaya's disruptive potential makes it an attractive opportunity for growth-oriented investors.
Pagaya Technologies, an AI-powered credit evaluation platform, has shown impressive performance and is expected to see significant growth in its network volume, revenue, and adjusted EBITDA; however, it is still a risky investment as it is not yet profitable and operates in a volatile industry.
Klarna's AI assistant, powered by OpenAI, has handled two-thirds of the company's customer service chats in a month, saving consumers time in managing refunds and returns, while also leading to a 25% drop in repeat inquiries.
Google is facing a €2.1 billion lawsuit from over 30 European media companies who claim they experienced losses due to Google's advertising practices.
Krutrim, the AI chatbot launched by Ola CEO Bhavish Aggarwal, has been providing inaccurate responses to users' inquiries, generating amusement and attention on social media.
Buy-now, pay-later company Klarna's adoption of AI, including a chatbot handling customer inquiries, has led to improved profitability and a potential blockbuster IPO, causing a reduction in the company's workforce.
AI tool Sora, developed by OpenAI, can create realistic videos from text prompts, raising concerns about the potential spread of lifelike fake videos on social media to undermine public trust in leaders, institutions, and the media.
Billionaire investor Stan Druckenmiller has 21.1% of his portfolio invested in artificial intelligence stocks Nvidia and Microsoft, as he believes they will continue to create value for shareholders in the future. Nvidia is a market leader in GPUs and has diversified its AI offerings, while Microsoft dominates the enterprise software market and has gained market share in cloud computing through its partnership with OpenAI. Both companies are expected to see strong growth and have favorable prospects, although the valuations of their stocks should be considered.