On the surface, Pinterest looks like a digital mood board for dreamers and trend hunters. Every month, hundreds of millions of users scroll through the platform in search of fashion ideas, interior inspiration and quirky creative concepts. One popular page showcases intentionally bizarre designs: Crocs turned into flower vases, burger-shaped makeup palettes, and even a…
The growing use of artificial intelligence across the economy is likely to lead to job displacement on a scale comparable to the Industrial Revolution, the governor of the Bank of England has said, while stressing the need for urgent investment in skills and training. Andrew Bailey said the UK must ensure workers are equipped with…
The rapid rise of artificial intelligence could reduce the number of entry-level graduates hired in the coming years, PwC’s global chairman Mohamed Kande has said. Speaking at a business summit in Singapore, Mr Kande acknowledged that automation is changing the firm’s workforce needs, though he stressed that AI was not behind the more than 5,600…
Google’s parent company, Alphabet, may be one of the world’s most powerful tech giants, but even it would feel the shockwaves if the booming artificial intelligence sector were to suffer a major downturn, CEO Sundar Pichai has warned. In an exclusive interview with the BBC at Google’s California headquarters, Pichai described the current rush of…
Netflix has confirmed that it used generative artificial intelligence (AI) to create visual effects for the first time in one of its original productions – a milestone that could reshape how films and series are made. The streaming giant’s co-CEO, Ted Sarandos, revealed that the AI technology was used to generate a collapsing building scene…
China’s artificial intelligence (AI) industry is experiencing rapid growth, defying global expectations and solidifying its position as a key player in the global tech landscape. According to a recent report by the BBC, despite restrictions such as U.S. export controls, China’s AI sector has expanded at an unprecedented rate, challenging Silicon Valley’s dominance. The country…
As tech companies continue to invest heavily in artificial intelligence, a new study suggests that labelling products with the term “AI” may actually reduce consumer interest. The study, published in the Journal of Hospitality Marketing & Management in June, found that when products were described as utilizing AI, potential buyers were less likely to purchase…
Corporate America is swiftly integrating artificial intelligence (AI) to automate jobs traditionally performed by humans. According to a recent survey by Duke University and the Federal Reserve Banks of Atlanta and Richmond, 61% of large US firms plan to implement AI within the next year to streamline tasks previously handled by employees. These tasks span…
Elon Musk is voicing strong opposition to Apple’s newly announced partnership with OpenAI, creators of ChatGPT. The Tesla and SpaceX CEO declared on Monday that he would ban Apple devices from his companies if Apple proceeds with integrating OpenAI’s technology into its operating systems. In a post on X, Musk stated that integrating OpenAI at…
In an era where some of the world’s largest corporations are deeply invested in artificial intelligence, U.S. lawmakers are only now beginning to recognize the potential dangers posed by this rapidly advancing technology. Despite AI’s complexity and the urgent pleas from its creators to slow development, Congress has yet to pass any significant legislation to…
Top executives from Amazon and Meta have raised concerns that the European Union’s new AI regulations could hamper technological innovation. The EU approved its AI Act this week, coinciding with the VivaTech conference in Paris, where industry leaders gathered to discuss the future of technology. The groundbreaking AI law aims to regulate the use of…
Elon Musk, the tech visionary and entrepreneur, foresees a future where artificial intelligence (AI) will render traditional employment obsolete, a notion he believes isn’t necessarily negative. Speaking remotely at the VivaTech 2024 conference in Paris, Musk painted a picture of a world where jobs become “optional,” with AI and robots fulfilling most goods and services…
At Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska, Warren Buffett, the revered 93-year-old chairman, and CEO, compared the potential dangers of artificial intelligence (AI) to that of nuclear weapons, issuing a sobering caution about the technology’s capabilities. Buffett expressed concerns about the unforeseen repercussions of AI, drawing parallels to the unleashed power of nuclear…
Microsoft has introduced a groundbreaking artificial intelligence technology capable of bringing static faces to life, allowing for realistic animations synchronized with audio clips. Known as VASA-1, the AI model was revealed by Microsoft researchers last week. It has the remarkable ability to transform a still image of a face into a lifelike video, complete with…
In a significant advancement in military technology, the US Air Force has confirmed the successful testing of an AI-controlled fighter jet engaged in a dogfight against human pilots last year. The endeavour, part of the Air Combat Evolution (ACE) program, saw the US Air Force Test Pilot School and the Defense Advanced Research Projects Agency…
New Hampshire’s Department of Justice announced that it has uncovered the source behind the fraudulent Biden AI robocalls that targeted residents last month. The investigation led to Life Corporation, a Texas-based company owned by Walter Monk. A cease-and-desist order has been issued against Life Corporation, accusing the company of violating laws against voter suppression by…
In a historic moment on Wednesday, Microsoft became the second company ever to reach a staggering valuation of over $3 trillion, propelled by the ongoing artificial intelligence boom that propelled its stock to new heights. Surging by nearly 1.5% to approximately $405 per share, Microsoft’s market capitalization exceeded $3 trillion, following in the footsteps of…
Tech visionary Bill Gates shares his optimistic outlook on the transformative power of artificial intelligence (AI) in the coming five years, envisioning significant improvements that will benefit people globally. While concerns about AI’s potential job displacement persist, Gates draws parallels to historical shifts, citing the positive outcomes that emerged with the advent of new technologies….
Investors seeking opportunities in the artificial intelligence (AI) sector have a plethora of options, with companies integrating AI solutions into their operations. While “pure plays” might be limited, some companies with deeply embedded AI solutions offer substantial investment potential. Three standout AI stocks for consideration this January are Super Micro Computer (NASDAQ: SMCI), Taiwan Semiconductor…
Elon Musk, the owner of X (formerly Twitter), unveiled the arrival of “Grok,” an artificial intelligence-powered chatbot with a penchant for sarcasm, akin to Musk’s own sense of humor. Musk shared the news late Saturday, indicating that Grok is in its initial phases of training, with access to real-time information from the platform, facilitated by…
The notable homepage of Microsoft, widely accessed as MSN.com and Microsoft Start, has come under scrutiny due to the emergence of misleading and bizarre stories. As a primary source of news for millions of Americans, the site’s transition to relying more on automation and artificial intelligence (AI) for content curation seems to have led to…
A startling revelation has come to light as author Jane Friedman has uncovered that books purportedly authored by her were being sold on Amazon, even though she had no involvement in their creation. These books, suspected to have been generated using artificial intelligence (AI), posed as new releases under her name. The incident has triggered…
Wipro, one of India’s leading software services providers, has unveiled its ambitious plan to equip its entire workforce with artificial intelligence (AI) skills. The company announced on Wednesday that it will allocate $1 billion to enhance its AI capabilities over the next three years, ensuring that its 250,000 employees across 66 countries are well-versed in…
In response to the increasing demand for transparency in artificial intelligence, Meta has unveiled a range of tools and information designed to help users understand how AI influences the content they see on its apps. The social media giant has introduced nearly two dozen explainers that focus on various features of its platforms, including Instagram…
Many top business leaders are expressing serious concerns about the potential existential threat posed by artificial intelligence (AI) in the near future. According to survey results exclusively shared with CNN from the Yale CEO Summit, 42% of CEOs believe that AI has the potential to destroy humanity within the next five to ten years. This…
Amazon is testing the use of artificial intelligence (AI) to summarize customer feedback on its platform, potentially reducing the time shoppers spend reading reviews before making a purchase. For instance, on the product page for Apple’s third-generation AirPods, the AI feature now provides a summary of over 4,000 user ratings. It highlights positive feedback about…
Microsoft is exploring the use of its AI capabilities to enhance its advertising business. The company has filed a patent for a machine learning model that incorporates “incrementality estimation” to predict the performance of sponsored content. Microsoft defines incrementality as the impact of ad budget on performance. The model is trained to forecast how content…
Former Google CEO Eric Schmidt has issued a warning about the potential existential risks posed by artificial intelligence (AI), emphasizing the need for governments to ensure the technology is not “misused by evil people.” Discussions surrounding the future of AI and its regulation have become central to conversations among technologists and policymakers worldwide. The emergence…
As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists. They predicted in a report Sunday that 18% of work globally could be computerized, with the effects felt more deeply in…
