artificial intelligence

artificial intelligence
SaaS Firm Paddle Creates ‘Launchpad’ for AI Software Makers
July 18, 2023

Paddle says it wants to help up-and-coming artificial intelligence (AI) firms make their mark. The British Software-as-a-Service (SaaS) payments infrastructure platform announced Tuesday (July 18) the debut of AI Launchpad, a six-week program designed to help software founders create, launch and scale AI-powered businesses. The program, financed by...

artificial intelligence
SEC Chair Gary Gensler Says Agency Developing Rules for AI Use
July 17, 2023

The Securities and Exchange Commission (SEC) will be using current authorities to regulate the use of new artificial intelligence (AI) tools. SEC Chair Gary Gensler said that while outlining challenges that may be presented by the technology during a Monday (July 17) speech to the...

artificial intelligence
Chatbot Adoption Soars as Human Assistance Fades 
July 16, 2023

Unless you’ve been living under a rock, or haven’t been reading your PYMNTS newsletter, you’ve probably noticed that there’s been a massive shift in the way brands and retailers approach customer service and engagement. One key factor contributing to this shift is the adoption of generative...

artificial intelligence
Report: Character.AI Plans New Funding Round to Build Revenue Cushion
July 16, 2023

Artificial intelligence (AI) startup Character.AI is pursuing another funding round. That’s according to a report Saturday (July 15) by The Information, which cited a source with direct knowledge of Character.AI’s plans. The company announced earlier this year it had raised $150 million at a $1 billion valuation....

artificial intelligence
Musk’s Giant-Killing AI Project Is Starting Small With Huge Goals 
July 14, 2023

This is how the future starts — not with a bang, but with a glitch. In what hopefully isn’t a sign of Elon Musk’s artificial intelligence (AI) startup xAI’s future roadmap, the company’s Twitter Spaces introduction to the general public on Friday (July 14) was delayed for...

artificial intelligence
Shopify to Debut AI Chatbot Merchant Assistant ‘Sidekick’
July 13, 2023

Shopify will launch an artificial intelligence (AI)-powered chatbot assistant called Sidekick. The eCommerce company’s tool, which is “coming soon,” will be designed to help merchants with any queries relating to their stores, such as sales and order trends, Shopify CEO Tobi Lütke said in a video shared...

artificial intelligence
FTC Investigates OpenAI Over Role in Spreading AI-Generated Misinformation
July 13, 2023

Artificial intelligence (AI) is becoming a non-artificial threat. That’s because while the apocalyptic doomerism surrounding the technology’s threat to humanity as a whole may be overblown, there still exist right-now risks to individuals as it relates to the novel tech’s ability to generate deepfakes and...

artificial intelligence
It’s a ’90s Browser War Redux as Musk and Meta Enter AI Race
July 13, 2023

It’s a large language model (LLM) landscape, and we’re just living in it. There are more generative artificial intelligence (AI) platforms in the market now than months in the emergent tech’s commercial lifespan. This, as both Meta and Elon Musk have announced the launch of their own AI platforms,...

artificial intelligence
Report: FTC Investigating OpenAI Data Security and Other Issues
July 13, 2023

The Federal Trade Commission (FTC) is reportedly investigating OpenAI for issues around false information and data security. The regulator has sent a letter to the creator of the artificial intelligence (AI)-powered chatbot ChatGPT asking dozens of detailed questions about these issues, The Wall Street Journal...