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Fed Official: AI Can Promote Bias in Lending Decisions
Fed Official: AI Can Promote Bias in Lending Decisions
July 19, 2023  |  artificial intelligence

Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. In a speech Tuesday (July 18), Barr — the Federal...

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

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...

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

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...

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FTC Chair Lina Khan Faces Republican Scrutiny Over Budget Increase
FTC Chair Lina Khan Faces Republican Scrutiny Over Budget Increase
July 13, 2023  |  Regulation

Federal Trade Commission (FTC) Chair Lina Khan faced scrutiny from Republicans at a Thursday (July 13) House Judiciary Committee Oversight hearing. Under Khan, the FTC’s budget has...

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

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...

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

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...

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

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...

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Meta Set to Join Google and Microsoft in Commercial AI Race
Meta Set to Join Google and Microsoft in Commercial AI Race
July 13, 2023  |  Meta

Meta is reportedly readying a commercial version of its artificial intelligence (AI) tool. As the Financial Times (FT) noted in a report Thursday (July 13),...

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Elon Musk Launching AI Company to ‘Understand Reality’
Elon Musk Launching AI Company to ‘Understand Reality’
July 12, 2023  |  artificial intelligence

Elon Musk is launching an artificial intelligence (AI) company called xAI. “Announcing formation of @xAI to understand reality,” Musk wrote in a Wednesday (July 12) tweet. The new...

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