Microsoft CEO Satya Nadella expressed that it is actually not correct to say that Microsoft controls OpenAI. Nadella’s stand came after Elon Musk, who also co-founded OpenAI sometimes back said, “Microsoft has a very strong say, if not directly controls, OpenAI at this point.” Nadella said, “Look, while I have a lot of respect for Elon…
Meta recently unveiled AI-based tools and services to improve ad creation and campaign results. Meta unveiled the AI Sandbox, a “testing playground” for advertisers to use as they try new ad tools powered by generative AI. Meta is exhibiting to investors and advertisers that investing in AI is a profitable move. In Meta’s latest earnings call,…
Goldman Sachs has just created the first startup from its internal incubator. Goldman Sachs, a networking platform for employees called Louisa, was owned and funded by the investment bank from New York until a few weeks before, when it became independent, as per the Founder-CEO Rohan Doctor. Now Doctor is working to grow the company’s client base beyond…
Microsoft invested in Builder.ai, a startup that helps firms having no coding experience to make applications and has doubled its efforts in the artificial intelligence space. Builder.ai is a startup that makes “no-code” and “low-code” platforms. Its software allows anyone with limited coding experience to develop and manage applications. Through this strategic partnership with Builder.ai, Microsoft…
Artificial intelligence is going to be a central point at Google’s annual developer conference as the company is planning to unveil a number of generative AI updates, including unveiling a general-use large language model. The company will launch PaLM 2. It is Google’s most recent and advanced Large Language Model (LLM). PaLM 2 includes over 100 languages…
According to an early investor in Google’s research laboratory, DeepMind, “We are still some way off reaching human-level artificial intelligence despite rapid advances in the technology.” Humayun Sheikh is a founding investor in the AI startup DeepMind. DeepMind is currently owned by Google. Sheikh said, “In terms of artificial general intelligence, OpenAI, ChatGPT stuff: it’s…
The cloud-computing market keeps growing as firms move an increasing number of workloads out of their own data centers, but executives from the leading cloud providers said this week that clients are looking for ways and means to trim costs. The result is slowing income growth at the cloud divisions run by Microsoft, Amazon, and Google. It’s…
Amazon said Thursday that its cloud unit Amazon Web Services grew revenue by around 16% in the first quarter of this year, a slightly more rapid growth than analysts had estimated. Revenue from AWS totaled $21.35 billion, representing about 17% of Amazon’s overall earnings, according to Amazon’s earnings statement. Analysts surveyed by StreetAccount had anticipated $21.22…
The internet is flooded with all the things that ChatGPT is capable of doing, ranging from coding to human-like conversations. Amidst all that, Infosys Founder, Narayana Murthy opines, “Nothing can beat the human mind — not even AI-powered chatbots like ChatGPT.” Murthy added, “ChatGPT is an excellent addition to knowledge generation, to doing certain tasks,…
Amazon is introducing a cloud service Bedrock that developers can utilize to enhance their software with AI systems that can generate text, similar to the ChatGPT chatbot powered by OpenAI. The recent announcement indicates that the largest cloud infrastructure provider would not leave a trending AI growth area to competitors like Google and Microsoft. Through its new Bedrock generative AI…
