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As the world evolves, so do its financial markets. As such, major players in the industry must continually adapt their strategies to remain competitive. This week, two major financial institutions made announcements related to their operations. Citigroup, a multinational investment bank headquartered in New York City, announced plans to recalibrate its investment banking workforce. This …
Silicon Valley Bank (SVB), a Major Tech Sector Lender, Collapses as Broader Industry Reckoning Continues – Second Largest Bank Failure in US History On Wednesday evening, Silicon Valley Bank (SVB) announced that it was planning to raise $2 billion to strengthen its financial position after suffering losses amid the broader slowdown in the tech sector. …
Amid mounting pressure over concerns that TikTok may be sharing user data with the Chinese government, the social media platform has launched Project Clover, a new data security regime aimed at protecting user information in Europe. Under the new regime, user data will be stored within Europe and placed under tighter access controls, with oversight …
Pepsi, Ally, Mondelēz, and Coty Share Success Stories of High Returns Through Video Game Advertising
Billions are invested by advertisers in video games, as over 50% of the US population engages in gaming. Major brands such as Pepsi and Ally have revealed how they have successfully invested in video games as an advertising medium, despite facing challenges in getting approval across their organizations. Speaking at the IAB Playfronts conference in …
In today’s article, we delve into the recent appeal made by OpenAI CEO, Sam Altman, to Congress, pleading for the urgent regulation of artificial intelligence. We’ll explore the reasons behind this call to action, the potential impact of this technology, and the proposed methods to safeguard society from potential AI-related harm. Key Takeaways: Congress Urged …
In this article, we’ll look at the reasons behind the recent complaint filed by the Center for AI and Digital Policy (CAIDP) against OpenAI, arguing that the company’s GPT-4 model violates the Federal Trade Commission (FTC) rules against unfair and deceptive practices. Key Takeaways: AI Policy group CAIDP filed a complaint against OpenAI, stating GPT-4 …
In this article, we’ll examine the impressive advancements in quadrupedal robots and how Google’s DeepMind has introduced a new standard to measure their performance. We’ll delve into the reasons behind the development of this groundbreaking benchmark known as “Barkour”, and how it works to accurately assess the capabilities of these four-legged robotic companions. Key Takeaways: …
In this article, we’ll examine the reasons behind Google’s recent announcement to incorporate AI chat features in Gmail and Docs and explore how these developments will impact the world of technology. Key Takeaways: Introducing AI Chat to Gmail and Docs: A New Chapter for Google Workspace Google is diving deeper into the realm of generative …
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The European Union is making headway in the enactment of the world’s inaugural AI laws. Engage in a casual discussion about this significant tech development. Key Takeaways: The proposed AI Act by the EU Commission aims to regulate AI usage, including bans on real-time biometric surveillance and predictive policing. Tech companies, along with top AI …
Delve into OpenAI’s forewarning to Microsoft about the potential pitfalls of swiftly incorporating GPT-4 into Bing. Key Takeaways: Microsoft integrated GPT-4 into Bing, disregarding OpenAI’s warning about potential problems, leading to unpredictable AI responses. The relationship between Microsoft and OpenAI is complex, marked by both cooperation and competition as they work on similar products and …
An in-depth report on the controversial court saga involving a lawyer, an AI, and a multitude of fake cases. Key Takeaways: Lawyer unknowingly includes AI-fabricated cases in a court filing. Lawyer claims he was ‘duped’ by the AI. The saga raises questions about the unchecked use of AI in legal processes. A Lawyer’s Dalliance with …
Discover Meta’s newest adventure in AI, from text-prompted stickers on Messenger to ChatGPT-like bots. See how AI can transform Meta’s struggle to a forward stride. Key Takeaways: Meta has introduced AI-generated stickers in Messenger, the first step in its ambitious AI roadmap. The company has numerous AI initiatives underway, including an open-source AI model that …
Byju’s, India’s renowned edtech company, is making strides in AI-driven education with three transformative models, promising engaging learning for students. Key Takeaways: Byju’s unveils three transformer models to improve the quality and personalization of its educational services. The AI models offer personalized guidance, predict learning obstacles, and use student interests for better understanding. The transformer …
In this article, we’ll look at how Shake Shack is innovating its menu with AI-designed plant-based options. Partnering with food tech startup NotCo, Shake Shack is introducing a new veggie burger, non-dairy chocolate shake, and non-dairy frozen custard to its offerings. Key Takeaways: Shake Shack and NotCo collaboration brings new plant-based options to over 260 …
In this article, we delve into the unfolding story of iHeartMedia’s strategic decision to bar the use of OpenAI’s ChatGPT by its employees. This move is driven by fears of potential leaks of the company’s confidential and proprietary information. Key Takeaways: iHeartMedia instructs employees not to use OpenAI’s ChatGPT. The decision aims to safeguard the …