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UN Chief Backs Idea of Global AI Watchdog Like Nuclear Agency
Date: June 13, 2023
UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres on Monday backed a proposal by some artificial intelligence executives for the creation of an international AI watchdog body like the International Atomic Energy Agency (IAEA). Generative AI technology that can spin authoritative prose from text prompts has captivated the public since ChatGPT launched six months ago...
German Media Group Axel Springer Eyes AI Acquisitions
Date: June 9, 2023
German media group Axel Springer eyes AI acquisitions BERLIN (Reuters) – German media giant Axel Springer will establish a dedicated mergers-and-acquisitions team to look at firms specialising in artificial intelligence, CEO Matthias Doepfner said in an internal podcast to employees obtained by Reuters. The M&A competence centre “needs to entirely focus on acquisitions – early-stage...
OpenAI CEO Has No IPO Plan Due to ‘strange’ Company Structure
Date: June 6, 2023
OpenAI CEO has no IPO plan due to ‘strange’ company structure By Supantha Mukherjee STOCKHOLM (Reuters) – Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. “When we develop super intelligence, we are likely to make some decisions...
Factbox-Governments Race to Regulate AI Tools
Date: June 2, 2023
Factbox-Governments race to regulate AI tools (Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA * Seeking input on regulations The...
ChatGPT and the Future of Banking: How AI Is Revolutionizing Financial Services
Date: June 2, 2023
ChatGPT and the Future of Banking: How AI Is Revolutionizing Financial Services By Raghuram Madiraju ChatGPT is a conversational artificial intelligence (AI) platform that has taken the world by storm. Part of its popularity is due to its responses being so human-like. The platform was developed by OpenAI and uses natural language processing (NLP) and...
Large Language Models Are the Basis of the New Generation of AI Engines, but Private Foundation Models Are the Future
Date: June 2, 2023
Large Language Models are the basis of the new generation of AI engines, but private foundation models are the future How foundation models can unlock unstructured data for enterprise By Marshall Choy, SVP, SambaNova Systems A Fourth Industrial Revolution The start of 2023 has seen generative AI explode into the mainstream, with ChatGPT introducing the...