Generative AI
SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune
Masayoshi Son, CEO of SoftBank, speaks during the company’s annual general meeting in Tokyo on June 20, 2024. Kosuke Okahara | Bloomberg | Getty Images SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. Shares of the Japanese giant, known as one […]
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ETF inflows set record high in July, State Street Global Advisors finds
ETF Edge ETF inflows set record high in July, State Street Global Advisors finds Published Sat, Aug 3 202411:00 AM EDT Emily Glass WATCH LIVE Source
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Perplexity AI will share revenue with publishers after plagiarism accusations
Perplexity AI on Tuesday debuted a revenue-sharing model for publishers, after more than a month of plagiarism accusations. Media outlets and content platforms like Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress.com are the first to join the company’s “Publishers Program.” The announcement follows an onslaught of controversy in June, when Forbes said […]
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Google-parent Alphabet’s partnership with AI firm Anthropic under investigation in the UK
In this photo illustration, the Alphabet Inc. logo seen displayed on a smartphone screen and the Google logo in the background. Jaque Silva | Lightrocket | Getty Images Britain’s competition regulator on Tuesday said that it is investigating to see if Google parent Alphabet’s partnership with artificial intelligence startup Anthropic has resulted in reduced competition. […]
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Samsung hints at new products as it bets on AI to drive upgrades to its latest foldable phones
TM Roh, the head of Samsung’s mobile business, talked about the company’s new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring. Arjun Kharpal | CNBC In a swanky downtown Paris hotel, Samsung Electronics’ mobile […]
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Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a […]
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OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
OpenAI last week removed Aleksander Madry, one of OpenAI’s top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry was OpenAI’s head of preparedness, a team that was “tasked with tracking, evaluating, forecasting, and helping protect against catastrophic risks related […]
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AI startup Cohere cuts staff after $500 million funding round
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed. The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million funding round from investors including AMD, Salesforce, Oracle and Nvidia that valued the company at […]
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Socialist AI: Chinese regulators are reviewing GenAI models for ‘core socialist values,’ FT reports
Digital code and Chinese flag representing cybersecurity in China. Anton Petrus | Moment | Getty Images AI companies in China are undergoing a government review of their large language models, aimed at ensuring they “embody core socialist values,” according to a report by the Financial Times. The review is being carried out by the Cyberspace Administration […]
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