#ai

The AI industry reaches a new milestone as OpenAI, the creator of ChatGPT, secures a record $6.6 billion in new funding. This significant investment pushes the company’s valuation to $157 billion.

California Governor Gavin Newsom blocked an artificial intelligence (AI) safety bill that would have enforced strong security measures for AI companies and developers, potentially impacting industry growth.

OpenAI, the ambitious AI startup, is reporting massive losses. By the end of 2024, after covering operating costs, the company is expected to face an astonishing $5 billion deficit.

The Gemini 1.5 series is built for diverse tasks: gathering information from PDFs, analyzing code repositories, scanning videos, and creating content from them, among other capabilities.

Cybersecurity company Torq, which leverages artificial intelligence to automate repetitive and labor-intensive tasks, raised $70 million in new funding round. According to CEO Ofer Smadari, the company’s annual revenue has surpassed $24 million, with major clients including Procter & Gamble and PepsiCo.

As part of her economic platform focused on "innovation and regulation," U.S. Democratic presidential candidate Kamala Harris pledged to support and encourage investments in cryptocurrencies and artificial intelligence if elected.

Artificial intelligence may soon be capable of executing complex logical processes akin to human reasoning, and Google is leading the charge with this groundbreaking software.

Nvidia CEO Jensen Huang highlights AI's role in combating AI-generated misinformation ahead of the 2024 U.S. elections. He stresses that only AI can handle the scale of false data production and suggests the U.S. should build an AI supercomputer to lead innovation in this field.

Chinese tech giant ByteDance, TikTok’s parent company, plans to develop a new artificial intelligence model trained using chips from Huawei Technologies, particularly the Ascend 910B. This move appears to be in response to U.S. export restrictions on chip technology for Chinese ventures.

Mira Murati, the Chief Technology Officer of OpenAI, has made the decision to depart from the company. Her exit marks the latest in a wave of high-profile departures from the top management of the world’s leading AI company.

Tiff Macklem, the Governor of the Bank of Canada, cautioned that artificial intelligence could temporarily push inflation higher and undermine financial stability. He pointed out that companies using AI tend to adjust prices more frequently than others.

Chainalysis CEO Michael Gronager predicts that within the next five years, governments will increasingly leverage AI to uncover financial crimes on the blockchain, including tax evasion. This initiative is expected to be coordinated rather than fragmanted across various agencies.

BlackRock, the global asset management firm, is set to launch a more than $30 billion investment fund aimed at advancing AI infrastructure, including power projects and data centers. This will be one of the largest funds of its kind on Wall Street.