SoundHound AI has reached an agreement to prepay its $100 million debt in full. The voice artificial intelligence (AI) firm announced that agreement with its lenders Monday (June 10), saying it substantially lowers its early payment costs and lets SoundHound save more than $55 million of interest and...
In the world of commerce, businesses are always on the lookout for an edge, and reinforcement learning, a rapidly growing subfield of artificial intelligence (AI), may be the secret weapon they’ve been seeking. This innovative approach to machine learning, which allows AI systems to learn...
Microsoft is reportedly effectively outsourcing its best AI research and development to OpenAI, a move that could have significant implications for the AI landscape. Todd McKinnon, CEO of cybersecurity firm Okta, told CNBC Friday (June 7) that Microsoft has handed over the development of its...
Artificial intelligence (AI) will have a starring role at Apple’s developer conference this week. More to the point, “Apple Intelligence.” That’s the name the company has given its AI system, which is coming to new versions of the iPhone, iPad and Mac operating systems, Bloomberg...
A new California legislative proposal, SB 1047, is sending ripples of concern through Silicon Valley. Introduced by State Sen. Scott Wiener, the bill seeks to implement “common sense safety standards” for companies developing large artificial intelligence (AI) models that surpass specific size and cost thresholds....
This week in artificial intelligence (AI) news, regulation is ramping up as policymakers aim to ensure safe and responsible AI development. Meanwhile, tech giants like Intel, AMD, Microsoft, OpenAI, and Nvidia face increased scrutiny from the FTC and DOJ. AI Regulation Ramps Up As AI...
At the Computex 2024 tech expo in Taiwan this week, artificial intelligence (AI) was the show’s star as Silicon Valley heavyweights Intel, Nvidia, AMD and Qualcomm displayed their latest AI innovations. The event drew over 80,000 attendees, according to a Friday (June 7) news release,...
The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to...
Generative artificial intelligence (GenAI) developer Galileo has released a suite of evaluation foundation models (EFMs) designed to help enterprises bring trustworthy AI into production. The new Galileo Luna EFMs are designed to make GenAI evaluations faster, more cost-effective and more accurate, the company said in...
