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Microsoft shares reached a record recently after analysts at JPMorgan Chase predicted the growth prospects of the Company in artificial intelligence. The stock increased 3.2% to close at $348.10, breaking its earlier all-time high record in November 2021. AI has been a buzzword all year, since OpenAI in November 2022 released the ChatGPT chatbot, which went viral quickly….
The CEO of open-source AI Company, Stability AI, is of the opinion that artificial intelligence will be the biggest bubble of all time. Stability AI CEO Emad Mostaque expressed, “I think this will be the biggest bubble of all time. AI is still in the very early stages and not ready for mass-scale adoption in industries…
Elon Musk announced the start of a new artificial intelligence firm, xAI, to understand the true nature of the universe. As per the firm’s website, more details will be added soon. Team members behind xAI were previously part of DeepMind, Google Research, OpenAI, Microsoft Research, Tesla, and Twitter. They have worked on projects like DeepMind’s AlphaCode…
Chinese regulators finalized first-of-its-kind rules to govern generative artificial intelligence as it looks to speed up oversight of the speedily growing AI technology. The powerful Cyberspace Administration of China (CAC) expressed that it worked with many other regulators to come up with its new rules that will be effective from August 15. Generative AI is…
User traffic on Twitter has declined since the release of Meta’s text-based app Threads, which has already crossed 100 million sign-ups since its launch last week. Threads app is being touted by executives of Meta as a more positive public square for groups of people who have never really embraced Twitter in its entirety. Meta CEO Mark…
Chinese technology firm Alibaba launched an artificial intelligence tool, Tongyi Wanxiang. This tool can generate images from input prompts. Tongyi Wanxiang allows users to enter prompts in Chinese and English language and the AI tool will create an image in different styles like a sketch or 3D cartoon. Alibaba’s cloud division launched the product and said…
China is curbing exports of two critical metals that are essential to manufacture electronics and semiconductors, as China’s technology battle with the Europe and USA heats up. These critical metals are germanium and gallium. China and the USA have been locked in a tech trade war since 2019. The USA has used trade blacklists and sweeping export curbs to…
The European Union and Japan are looking to cooperate more closely on key technologies like artificial intelligence as both countries are looking to reduce their dependence on China in certain areas. EU Commissioner Thierry Breton said, “Artificial Intelligence will very much be part of the discussion in a meeting with the Japanese government. I will…
Intel stock declined by 6% after it gave investors an update about its turnaround plan to become a chip manufacturing firm competing with the Taiwan Semiconductor Manufacturing Company. Intel’s Chief Financial Officer David Zinsner explained how Intel would soon change the way it reports its financial results to give its foundry business, IFS, its own profit-and-loss…
Google, which has always tried to defend itself against monopolistic behavior across the USA and Europe, is now complaining of anti-competitive practices by Microsoft and Oracle. In a letter to the Federal Trade Commission on Wednesday, Google accused Microsoft uses unfair licensing terms to lock in clients to hold control over the cloud-computing market. Google…
