ai development – pressnews

Microsoft announces plans to invest $1.5 billion in AI firm G42 for responsible AI development

16Apr

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Technology

Microsoft announces plans to invest $1.5 billion in AI firm G42 for responsible AI development

[ad_1] Expanding its artificial intelligence (AI) push, Microsoft has announced that it will be investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake and a board seat, allowing the two to deepen ties amid the global battle for tech dominance. AI has become the buzzword of the last few years, with companies around the world competing to leverage this technology. As part of the deal, which the two companies said was backed by assurances to the U.S. and UAE governments over security, G42 would use Microsoft cloud services to run its AI applications, according to Reuters.AI partnershipThe partnership comes amid Washington's efforts to hobble Beijing's technological advances, with the United States adding four Chinese co...

AI roundup [April 10]: Microsoft invests in Japan’s AI mission, Amazon and Nvidia to contribute to AI research and more

10Apr

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Technology

AI roundup [April 10]: Microsoft invests in Japan’s AI mission, Amazon and Nvidia to contribute to AI research and more

[ad_1] AI roundup: Microsoft is planning to make a huge investment in Japan to accelerate the country's AI development. Additionally, the investment will also aid Japan in building strong cybersecurity defence to combat enemy countries. In other news, President Joe Biden and Japanese Prime Minister Fumio Kishida urged Amazon and Nvidia to fund an AI research program. Know more about such AI news of today. Microsoft plans to invest $2.9 billion in Japan to support its AI ambitionsMicrosoft announced a huge investment plan for Japan. The company will be investing $2.9 billion in the country for over 2 years to accelerate its AI development plans. The country is also aiming to expand its semiconductor industry with the help of foreign investments. Brad Smith, Vice Chair and President of Mi...

Apple to take help of Shutterstock to train its AI model

9Apr

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Technology

Apple to take help of Shutterstock to train its AI model

[ad_1] Apple has entered into a partnership with Shutterstock, a stock photos and videos library, to utilize its data for training its artificial intelligence (AI) models. The agreement suggests that Apple is making strides towards developing its proprietary foundation model. Despite previous speculations regarding the integration of Google's Gemini AI and Baidu's Ernie Bot (in China) into the iPhone 16 series for AI functionalities, it seems Apple's long-term strategy involves incorporating its own native AI model.Apple has partnered with Shutterstock Sources familiar with the matter, as cited by Reuters, revealed that Apple has inked a deal with Shutterstock to access its licensed data, encompassing images, videos, and music, for AI training purposes. Similar agreements have reportedl...

Google steps up Microsoft criticism, warns of rival’s monopoly in cloud

28Feb

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Technology

Google steps up Microsoft criticism, warns of rival’s monopoly in cloud

[ad_1] eAlphabet's Google Cloud on Monday ramped up its criticism of Microsoft's cloud computing practices, saying its rival is seeking a monopoly that would harm the development of emerging technologies such as generative artificial intelligence.Microsoft and Amazon have recently attracted scrutiny in Britain, the European Union and the United States over their market power in cloud computing. Google trails a distant third behind the two leaders. Microsoft's collaboration with ChatGPT creator OpenAI has also ratcheted up the concerns. "We worry about Microsoft wanting to flex their decade-long practices where they had a lot of monopoly on the on-premise software before and now they are trying to push that into cloud now," Google Cloud Vice President Amit Zavery said in an interview."So...

Google Assistant kills 17 features to prioritize AI development; Know what you will lose, check list

12Jan

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Technology

Google Assistant kills 17 features to prioritize AI development; Know what you will lose, check list

[ad_1] Just a day after Google announced mass layoffs that affect “hundreds” of employees across the Bay area, the tech giant has now revealed that it is removing 17 features from Google Assistant. In a bid to lower costs and increase focus on artificial intelligence (AI), the Mountain View-based company is eliminating employees including those working on its voice assistant, and its result is evident from day one with the removal of multiple features from Google Assistant. Check details. Google Assistant features removedIn a blog post, Google announced that it is making changes to Assistant, and that involves the removal of 17 features. The company said that it will be investing in Google Assistant features that are popular, and it will stop supporting some features that are underutili...

New laws to regulate AI would be premature

30Oct

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Technology

New laws to regulate AI would be premature

[ad_1] All of a sudden there is a flurry of activity around artificial intelligence policy. President Joe Biden is scheduled to issue an executive order on the topic today. An AI safety summit is being held in the UK later this week. And last week, the US Senate held a closed-door forum on research and development in AI.I spoke at the Senate forum, convened by Majority Leader Chuck Schumer. Here's an outline of what I told the panel about how the US can boost progress in AI and improve its national security. First, the US should allow in many more high-skilled foreign citizens, most of all those who work in AI and related fields. As you might expect, many of the key contributors to AI progress — such as Geoffrey Hinton (British-Canadian) and Mira Murati (Albanian) — come from abroad. P...

Alphabet Moving ‘Too Fast’ in AI, Bernstein Warns in Downgrade

28Jun

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Technology

Alphabet Moving ‘Too Fast’ in AI, Bernstein Warns in Downgrade

[ad_1] Alphabet Inc. received another downgrade on Tuesday, with Bernstein becoming the latest firm on Wall Street to step away from the Google parent company.Shares fell 1.5% after the cut to market perform from outperform. The stock is on track for its sixth negative session of the past seven, though it remains up more than 30% this year. Analyst Mark Shmulik wrote that the stock's narrative “has quickly caught up to fundamentals,” resulting in a balanced risk profile. The firm also noted risks related to artificial intelligence, an emerging technology that Alphabet is seen as a major player in, and which has fueled 2023 rallies in megacap stocks like Microsoft Corp. and Nvidia Corp. Alphabet has gone “from too slow to too fast in AI” and the “aggressive push to integrate GenAI into c...