Tag: ai companies

Behind EU lawmakers’ challenge to rein in ChatGPT and generative AI
30Apr By adminNo Comments
Technology

Behind EU lawmakers’ challenge to rein in ChatGPT and generative AI

[ad_1] As recently as February, generative AI did not feature prominently in EU lawmakers' plans for regulating artificial intelligence technologies such as ChatGPT.The bloc's 108-page proposal for the AI Act, published two years earlier, included only one mention of the word "chatbot." References to AI-generated content largely referred to deepfakes: images or audio designed to impersonate human beings. By mid-April, however, members of European Parliament (MEPs) were racing to update those rules to catch up with an explosion of interest in generative AI, which has provoked awe and anxiety since OpenAI unveiled ChatGPT six months ago. That scramble culminated on Thursday with a new draft of the legislation which identified copyright protection as a core piece of the effort to keep AI i...
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Andreessen-Backed AI Startup Pinecone Valued at $750 Million
28Apr By adminNo Comments
Technology

Andreessen-Backed AI Startup Pinecone Valued at $750 Million

[ad_1] Pinecone Systems Inc., a startup whose platform supports artificial intelligence software, has raised $100 million in a funding round that values the company at $750 million.The round was led by Andreessen Horowitz, with participation from Iconiq and existing investors Menlo Ventures and Wing Venture Capital, according to a statement Thursday. The firm intends to use the capital for research and development, hiring drive and scaling up the business, Chief Executive Officer Edo Liberty said in an interview. The New York-based company was last valued at $168 million after raising $28 million in a Series A round led by Menlo Ventures in February 2022, according to data provider PitchBook. Since then, interest in AI has skyrocketed as chatbots such as ChatGPT have attracted wider att...
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Google, Microsoft top expectations as AI rivalry heats up
27Apr By adminNo Comments
Technology

Google, Microsoft top expectations as AI rivalry heats up

[ad_1] Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.The tech titan has found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a major challenge by Microsoft on artificial intelligence. Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts, and in the same three-month period that the company said it would lay off 12000 staff, or six percent of its workforce. Microsoft's results for the first three months of the year also pleased investors on Tuesday, lifted by its industry-leading business cloud products.The company ...
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AppGuard, Cisco to Avast, 6 companies leveraging AI in 2023 to keep hackers away
10Jan By adminNo Comments
Technology

AppGuard, Cisco to Avast, 6 companies leveraging AI in 2023 to keep hackers away

[ad_1] Data is one of the most important aspects for anyone who is digitally active. Data is one of the most important aspects for anyone who is digitally active. However, that same data is what hackers are targeting too. To keep data safe, a number of companies are focussing on artificial intelligence. Here we list 6, including AppGuard, Cisco and Avast.User safety is the top priority for cybersecurity firms. Numerous servers host photographs, videos, links, and online pages; therefore, keeping them out of hackers' access is essential. Only cybersecurity experts can prevent data from being compromised since black hat hackers are capable of breaching cybersecurity for a variety of reasons. To identify new cyberattacks, AI in cybersecurity involves analysing a large amount of risk data...
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Big Tech Is in Crisis. That’s Exactly What It Needed. Pain And AI Will Help In Recovery
5Jan By adminNo Comments
Technology

Big Tech Is in Crisis. That’s Exactly What It Needed. Pain And AI Will Help In Recovery

[ad_1] Painful pressures and AI advances will help reinvigorate a lackluster industry. Joshua Browder, a 26-year-old entrepreneur from the UK, recently supercharged his main product in a way that he could hardly have imagined a few years ago. His startup DoNotPay had spent several years developing a chatbot that could negotiate erroneous or excessive fines and fees on behalf of consumers — think unwarranted parking tickets — building a database of expertise based on its history of human interactions. The bot often needed manual intervention, but in December he had a breakthrough. The bot “talked” to Comcast's online customer service and managed to save someone $120 on their broadband bill. He said it was the first time any such bill had been negotiated purely by AI. How? Earlie...
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