artificial intelligence

artificial intelligence
Report: Apple and OpenAI Reopen iPhone AI Talks
April 28, 2024

Apple has reportedly reopened discussions with OpenAI about integrating artificial intelligence (AI) features into the iPhone.  The two tech companies have begun talking about the possible terms of an agreement, and how OpenAI’s AI features could be added to the next version of the iPhone’s operating system,...

artificial intelligence
Emotive AI Aims to Offer New Ways to Connect With Consumers
April 26, 2024

In a lab in London, a new generation of avatars is learning to smile, frown and wink — not just as programmed, but in response to human emotions conveyed through text.  Backed by Nvidia, Synthesia’s latest creation aims to mimic and deeply understand feelings, turning every...

artificial intelligence
EU Antitrust Chief Margrethe Vestager Says AI Needs ‘Vibrant Competition’
April 26, 2024

In a meeting that underscores the European Union’s ongoing scrutiny of the tech industry, Margrethe Vestager, the EU’s antitrust chief, held discussions with representatives from the French artificial intelligence (AI) firm Mistral AI on Friday (April 26). The meeting took place against a backdrop of growing concerns regarding...

artificial intelligence
Meta’s $35 Billion Bet on AI Fuels the Tech Arms Race
April 26, 2024

Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race. This colossal investment raises pivotal questions about the future of AI development and its financial viability. Industry experts are now debating the...

artificial intelligence
This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
April 26, 2024

This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information retrieval with natural language generation, and Walmart is updating its distribution centers by introducing autonomous electric forklifts, marking a significant...

artificial intelligence
Elon Musk’s xAI Close to Raising $6 Billion
April 26, 2024

Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26). Silicon Valley venture capital (VC) firm Sequoia Capital has committed to investing in the startup,...

artificial intelligence
The Future of AI? RAG Combines Language and Search
April 25, 2024

As experts hint at the nearing technical limits of large language models (LLMs), the spotlight turns to retrieval-augmented generation (RAG) — a promising advancement that could redefine artificial intelligence (AI) by merging information retrieval with natural language generation. LLMs have led AI technology and improved...

artificial intelligence
Digital Vehicle Wallets Shift Connected Car Payments Into Overdrive
April 25, 2024

The golden rule for payments is to put yourself in the end users’ place.  That’s because in payments, as in life and business, innovation is the key to unlocking new realms of convenience and efficiency — and innovation can only scale if it gives end...

artificial intelligence
UK Set to Revise AI Oversight Amid Big Tech Data Boom
April 24, 2024

The head of the U.K.’s financial regulator announced plans to explore how big tech companies’ access to extensive data might lead to improved financial products and more options for consumers. The regulatory shift seeks to maximize artificial intelligence’s (AI’s) potential for innovation, competitive pricing and expanded options for consumers and businesses. The...