European Union (EU) regulations impacting artificial intelligence (AI) may deny the region’s businesses, academics and others the chance to participate in new technology investment and economic growth opportunities, Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek wrote in a joint statement released Friday (Aug. 23). The CEOs wrote in the statement...
Chinese tech giants are slashing prices on artificial intelligence (AI) models, and Silicon Valley is feeling the heat. The fierce competition, initially triggered by companies like Baidu in China, is reshaping the global AI landscape. As prices plummet, businesses worldwide could gain unprecedented access to...
Artificial intelligence is swiftly altering online shopping, prompting tech giants to unveil advanced AI tools while regulators scramble to keep pace. This is leaving businesses across industries rushing to adapt. The rapid adoption of AI is reshaping consumer behavior, marketing strategies, software development and content...
Artificial intelligence (AI)-driven shopping is upending the digital marketplace, forcing brands to swiftly rethink their marketing strategies. Industry experts and recent data clearly show AI’s growing influence in eCommerce. A study by content management system provider Storyblok reveals that nearly 40% of high-value online shoppers...
Amazon Web Services (AWS) CEO Matt Garman’s recent remarks suggest a shift could be coming in the tech industry. The company is unveiling a major update to its artificial intelligence (AI) image generator, potentially reducing the need for traditional coding roles within the next two...
Artificial intelligence (AI) is driving seismic shifts across the tech and financial landscapes, with Lenovo reporting strong quarterly results due to its AI focus and South Korea set to allow financial firms to leverage AI and cloud technologies. Meanwhile, a new study reveals a stark...
Ceres Imaging has revealed a Series D capital raise and announced its rebranding to “Ceres AI.” When announcing these developments in a Thursday (Aug. 22) press release emailed to PYMNTS, the company did not disclose the funding amount. Ceres AI, which provides data and analytics...
A new startup is addressing a significant challenge in artificial intelligence: enabling AI agents to independently manage financial transactions. San Francisco-based Skyfire has announced $8.5 million in seed funding from investors including Neuberger Berman, Brevan Howard and Ripple. The capital will fuel the development of Skyfire’s...
OpenAI opposes a California bill that would place new safety requirements on artificial intelligence (AI) companies, saying that the bill would limit innovation and that this issue should be dealt with at the federal level. The bill (Senate Bill 1047) would also impact U.S. competitiveness...
