Business

As Nvidia hits $2 trillion, billionaire Marc Rowan’s asset manager Apollo calls AI a ‘bubble’ worse than even the dotcom era

Nvidia, the technology giant, reached a milestone by surpassing a $2 trillion market cap, propelling artificial intelligence (AI) stocks into the spotlight. However, Apollo Global Management, led by Marc Rowan, expressed concern over the current market valuations, highlighting similarities to the tech bubble of the 1990s. The chief economist at Rowan’s firm warned that […]

February 28, 2024

Klarna deepens automation fears with claim AI assistant does work of 700 people

Klarna, the Swedish fintech unicorn, has stirred controversy by claiming that its AI assistant can handle the workload of 700 full-time agents. Despite recent layoffs and hiring freezes due to economic factors, Klarna’s partnership with OpenAI has led to the successful implementation of an AI-driven customer service chatbot. The assistant, powered by ChatGPT technology, has […]

February 28, 2024

Willy Wonka fiasco highlights risks of AI-made ads

The use of AI in advertising is raising concerns and sparking regulatory discussions across the United States. The issue gained attention after incidents such as Florida Governor Ron DeSantis utilizing AI-generated images of former President Donald Trump in a political ad, prompting calls for guidelines on AI usage in advertising. In response, state lawmakers in […]

February 28, 2024

Writer unveils Palmyra-Vision, a multimodal AI to reimagine enterprise workflows

Writer, a prominent enterprise AI startup, has unveiled its latest innovation – a cutting-edge multimodal AI model known as Palmyra-Vision. This groundbreaking model is designed to revolutionize how businesses handle complex workflows involving visual data and text integration, catering to industries ranging from retail to healthcare. May Habib, CEO and co-founder of Writer, explained […]

February 27, 2024

Google is reportedly paying publishers thousands of dollars to use its AI to write stories

Google has expanded its Google News Initiative (GNI) program by quietly entering deals with select publishers to utilize new generative AI tools in crafting stories, as reported by _Adweek_. These agreements, rumored to be worth tens of thousands annually, aim to help smaller publishers efficiently create content by summarizing and republishing reports from various sources […]

February 27, 2024

WordPress and Tumblr Plan to Sell User Content to AI Companies

Automattic, the parent company of WordPress and Tumblr, is reportedly in discussions to sell user-generated content from its platforms to AI companies like MidJourney and OpenAI for training purposes, as revealed by a new report from 404 Media. While specific details are still emerging, Automattic is assuring users that they will have the option to […]

February 27, 2024

Jamix emerges with $3M pre-seed and model-agnostic enterprise AI assistant

Jamix, a San Francisco enterprise AI startup founded by former Instagram and Airbnb engineers, has emerged to address the challenge of integrating generative AI assistants within companies without compromising data privacy. With $3 million in pre-seed funding, Jamix aims to offer a secure and model-agnostic AI assistant to boost workplace productivity. Co-founders Matt Zitzmann […]

February 27, 2024

Enkrypt raises seed round to create a ‘control layer’ for generative AI safety

Boston-based startup Enkrypt AI has secured $2.35 million in a seed funding round led by Boldcap. Co-founded by Yale PhDs Sahil Agarwal and Prashanth Harshangi, the company specializes in providing a control layer for safe generative AI usage, aiming to ensure private, secure, and compliant deployment of AI models. Enkrypt’s innovative tech promises to accelerate […]

February 27, 2024

Mistral releases new ‘top-tier’ AI model – Microsoft partners to diversify

Paris-based startup Mistral, less than a year old, has unveiled its latest cutting-edge AI model, Mistral Large. This new open-source generative AI model follows closely on the heels of its precursor, Mistral 7B. Mistral Large is celebrated for its top-tier reasoning abilities, proficiency in code and mathematics, and multilingual talents, being fluent in English, French, […]

February 26, 2024

Gemini is about to slide into your DMs

Google has rolled out a series of updates for Android and its apps just in time for the Mobile World Congress in Barcelona. The updates include a new way to interact with Google’s chatbot Gemini directly in Google Messages. Gemini will be available as an update to the Messages app this week, but access is […]

February 26, 2024

Google Will Relaunch Gemini in a ‘Few Weeks,’ After Its Racial Controversy

Google faced backlash for its new AI image generator, Gemini, which struggled to consistently create images of white individuals. Right-wing influencers accused the tech giant of reverse racism due to the app’s difficulties in producing accurate depictions of white people, particularly in historical contexts like Vikings or Nazis. Google temporarily disabled Gemini’s capabilities but now […]

February 26, 2024

Salesforce Tableau looks beyond business intelligence dashboards with AI-powered Pulse

Salesforce has announced the general availability of its Tableau Pulse technology, offering organizations enhanced business intelligence insights through the power of artificial intelligence (AI). Tableau Pulse, initially previewed in May 2023 and beta-tested in December 2023, leverages generative AI and natural language queries to highlight key metrics, trends, and recommendations tailored to each organization’s unique […]

February 25, 2024

Using Leo to boost productivity—Brave’s privacy-preserving AI assistant now integrates with PDFs and Google Drive

Brave’s innovative AI assistant, Leo, has reached a significant milestone in its development roadmap by enhancing its capabilities to interact with PDFs and Google Drive files. This new feature aims to streamline user productivity in school and work settings while upholding stringent privacy standards. The integration of PDF and Google Drive document support has […]

February 25, 2024

Humane’s Ai Pin launch delayed to mid-April amid high expectations

Humane, an AI startup based in the Bay Area, has informed its eager consumers about a slight delay in shipping their highly anticipated product, the Ai Pin. Originally scheduled for release in March, the shipment has now been pushed back to mid-April, as revealed by Sam Sheffer, the company’s Head of Media, in a recent […]

February 25, 2024

AWS will add Mistral open source AI models to Amazon Bedrock

Amazon Web Services (AWS) continues to assert its dominance in the cloud server industry by introducing Mistral AI’s cutting-edge open source LLMs to Amazon Bedrock, its platform for generative AI services and application development. AWS’s Principal Developer Advocate, Donnie Prakoso, revealed in a blog post that Mistral 7B and Mixtral 8x7B models from the French […]

February 25, 2024

NVIDIA Earnings Blow Past Estimates, Mark ‘Tipping Point’ for AI

Nvidia’s stock surged by 8% to $728.35 in after-hours trading following the impressive fourth-quarter earnings report, which showcased a significant revenue increase of 22% from the previous quarter and a remarkable 265% growth from the prior year. The company’s success was highlighted by accelerated computing and generative AI, with Nvidia founder and CEO Jensen Huang […]

February 22, 2024

This startup is using AI to discover new materials

Orbital Materials, a startup founded by former DeepMind researcher Jonathan Godwin, is leveraging AI technology to revolutionize the manufacturing of new physical materials. Inspired by the success of AI systems like AlphaFold, Godwin set out to streamline the traditional, time-consuming process of material discovery by combining AI expertise with materials science. The startup’s proprietary […]

February 21, 2024

CEO Says Later This Year, Your AI Will Be Able to Attend Meetings For You

Otter CEO, Sam Liang, aims to revolutionize work meetings with AI avatars that can attend meetings, take notes, and participate on behalf of their human counterparts. Liang predicts a “working prototype” will be ready later this year, offering a provocative glimpse into the future of work. These AI doppelgängers would resemble their human counterparts, answering […]

February 20, 2024

The end of emails — executives want AI search to act as a single source of truth

The use of traditional emails in business operations can be time-consuming and inefficient, leading to delays in workflow as employees wait for information from colleagues. However, the integration of AI technology could potentially revolutionize communication within companies by providing quicker, more streamlined ways to access information. AI-powered search engines are being explored as a […]

February 20, 2024

Adobe adds AI assistant to Acrobat, Reader in effort to maintain relevance in PDF market

Adobe has launched a new AI assistant for Acrobat and Reader, designed to enhance user interactions with PDF documents. This move aims to solidify Adobe’s leadership in the PDF market amidst increasing competition from AI startups like OpenAI and Anthropic. The AI Assistant, currently in beta, allows users to ask questions about PDF content, receive […]

February 20, 2024

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