Two authors have sued OpenAI, alleging the ChatGPT creator violated copyright law. Paul Tremblay and Mona Awad said in their lawsuit that the ChatGPT artificial intelligence (AI) tool generates summaries of their work that are accurate to a degree that is only possible if it...
Artificial intelligence (AI) is on a rocket-ship growth trajectory. And like most rocket ships, it is burning a lot of fuel along the way. That’s because AI operations use more energy than traditional forms of computing, and training a single model often requires more electricity...
The promise of artificial intelligence (AI) is best achieved at scale. That’s why it should be no surprise that JPMorgan Chase, the largest bank in the U.S. as well as the biggest bank in the world by market capitalization, is so keen on the technology’s...
Executives of European companies say regulation could stifle the opportunities presented by artificial intelligence (AI). Leaders from engineering firm Siemens, brewer Heineken, carmaker Renault and dozens of other large European companies from a broad range of industries said in a letter that “the result would...
Inflection AI has raised $1.3 billion in a funding round led by high-profile tech industry investors. Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and NVIDIA led the round, Inflection AI said in a Thursday (June 29) press release. The company will use the funding to continue its work on “a new class of...
News and magazine publishers are reportedly looking to protect their business from artificial intelligence (AI) companies. Several publishers are considering banding together to address the matter, The Wall Street Journal (WSJ) reported Wednesday (June 28), citing unnamed sources. One of the publishers is the WSJ’s parent...
On the one hand, firms don’t know what they don’t know. On the other, many believe that large language model-powered generative artificial intelligence (AI) tools might just know everything. After all, business success and competitive advantage in the 21st century frequently boil down to the...
How does one tame the hyper-rapid advance of the disruptive technical beast? While marketplace innovations have always played the proverbial “hare” to the regulatory “tortoises” of national governments when it comes to something like generative artificial intelligence (AI) and its unheralded commercial explosion — the...
Finance automation platform Ramp has acquired artificial intelligence (AI) startup Cohere.io. This acquisition will bring generative AI to finance, which will help automate workflows, improve customer experiences, and save businesses time and money, the companies said in a Monday (June 26) press release. “We’re committed to investing in high-quality,...
