Month: August 2024

WhatsApp’s massive 500 million users in India have supercharged Meta’s AI ambitions. Meta CFO Susan Li said Wednesday that India is the largest market in terms of Meta AI usage, a notable milestone considering the product launched in India just a few months ago. Li […]

While venture capitalists and the rest of the technorati are off on holiday or attending the Paris Olympics, the U.S. Securities and Exchange Commission and its staff attorneys are keeping busy this summer.  For the second time this week — and at least the fourth […]

OpenAI CEO Sam Altman says that OpenAI is working with the U.S. AI Safety Institute, a federal government body that aims to assess and address risks in AI platforms, on an agreement to provide early access to its next major generative AI model for safety […]

The serious, long-term negative impact of the bankruptcy of banking-as-a-service (BaaS) fintech Synapse will be significant “on all of fintech, especially consumer-facing services,” one observer has said. In the wake of that company’s collapse, other startups in the space are working hard to prove that […]

Google, IBM, Microsoft, SAP and other tech giants say ICT work will be transformed, and we must prepare now.

We’re about to see the new AI-based system Amazon has developed, which uses multi-modal foundation models and transformer-based ML.

The US Copyright Office has published a report recommending new and improved protections against digital replicas. “We have concluded that a new law is needed,” the department’s report states. “The speed, precision, and scale of AI-created digital replicas calls for prompt federal action. Without a […]

Netflix has finally set a date for the next season of Squid Game, almost three years after the Korean drama became a massive hit in the US. Season 2 is set to hit Netflix December 26, with a final third season coming sometime in 2025, […]

Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday. This is Bungie’s second round of layoffs since it was taken over by Sony in […]

Why would Runway offer a newer, faster version of its latest model with the same quality of AI video generations at a lower price?