Tag: AI application

EU’s AI rules: How do they work and will they affect people everywhere? 4 questions answered
12Dec By adminNo Comments
Technology

EU’s AI rules: How do they work and will they affect people everywhere? 4 questions answered

[ad_1]  European Union officials worked into the late hours last week hammering out an agreement on world-leading rules meant to govern the use of artificial intelligence in the 27-nation bloc. The Artificial Intelligence Act is the latest set of regulations designed to govern technology in Europe destined to have global impact.Here's a closer look at the AI rules: WHAT IS THE AI ACT AND HOW DOES IT WORK? The AI Act takes a “risk-based approach" to products or services that use artificial intelligence and focuses on regulating the uses of AI rather than the technology. The legislation is designed to protect democracy, the rule of law and fundamental rights like freedom of speech, while still encouraging investment and innovation. The riskier an AI application is, the stiffer the rules. ...
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Microsoft and Alphabet Fail to Show at the AI Party
4Mar By adminNo Comments
Technology

Microsoft and Alphabet Fail to Show at the AI Party

[ad_1] Artificial intelligence is the buzziest of buzz words on Wall Street. Apart, that is, for the two firms that are seen to be at the cutting edge of the technology. While the likes of Nvidia Corp. and lesser-known AI plays have soared on the back of excitement over the potential boost to their business, Microsoft Corp. and Google parent Alphabet Inc. have underperformed this year. Their stock lethargy reflects both payback from AI investment that will likely be slower than for others, as well as the tougher backdrop for tech shares more broadly as the Federal Reserve aggressively raises interest rates to combat inflation. Both are up roughly 5% this year, not even half the gain of the Nasdaq 100 Index and far behind the nearly 60% surge in Nvidia, which...
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