Microsoft announced Wednesday (Oct. 2) plans for a €4.3 billion ($4.8 billion) investment in Italy, its biggest investment in the country so far. The initiative is set to roll out over the next two years, allowing the Big Tech company to expand its cloud and...
OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The Wall Street Journal (WSJ) reported Wednesday (Oct. 7), noting that this figure puts the company in the same market capitalization...
Federal Reserve Governor Lisa Cook is tempering expectations of an artificial intelligence (AI) productivity impact, while Malaysia unveiled ambitious plans to become an AI hub and the European Commission assembled experts to craft AI guidelines. These developments highlighted the complex landscape of AI adoption, balancing...
OpenAI is expanding access to its real-time voice assistant technology, allowing businesses and developers to integrate the artificial intelligence (AI)-powered tool into their own applications, Bloomberg reported. This move is set to broaden the reach of realistic spoken AI interactions across a wide range of...
Numa, an artificial intelligence (AI) platform for auto dealerships, announced it has secured $32 million in a Series B funding round. Numa will use the funding to expand its AI engineering team, accelerate product development and continue its mission to power AI-native dealerships, the company...
Gov. Gavin Newsom’s recent veto of California’s artificial intelligence (AI) safety bill has triggered a heated debate about the future of AI regulation, its impact on innovation, and the prospects for federal action. The decision, framed as a step toward more “workable guardrails,” has drawn...
The gaming industry is rapidly embracing artificial intelligence (AI)-powered tools, with companies like Gaxos.ai, PlayStation and Series Entertainment leading the charge. Meanwhile, Nintendo stands apart, with legendary designer Shigeru Miyamoto confirming the company has yet to make plans to incorporate AI into its game creation...
Open-source artificial intelligence (AI) models are rapidly closing the gap with proprietary systems, a shift that could dramatically reshape the business landscape by giving companies of all sizes access to powerful, affordable AI tools. The AI industry is experiencing a transformation as open-source models narrow...
OpenAI, the creator of ChatGPT, is reportedly considering transitioning to a for-profit model. This strategic pivot is reshaping the artificial intelligence (AI) landscape, raising questions about the future of AI innovation, market competition and partnerships in the tech world. The potential shift comes at a...
