PYMNTS-MonitorEdge-May-2024

deepmind

Report: Paris-Based Holistic Raises $200 Million to Develop AI Model
Report: Paris-Based Holistic Raises $200 Million to Develop AI Model
May 07, 2024  |  artificial intelligence

A Paris-based artificial intelligence (AI) startup called Holistic has reportedly raised $200 million in the first tranche of an initial funding round. The firm was...

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As British Regulators Scrutinize Microsoft and Amazon AI Deals, Industry Braces for Impact
As British Regulators Scrutinize Microsoft and Amazon AI Deals, Industry Braces for Impact
April 24, 2024  |  artificial intelligence

British antitrust authorities are soliciting opinions on the implications of partnerships between tech giants Microsoft and Amazon and smaller generative artificial intelligence (AI) model developers amid growing...

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Big Tech Taps AI Agents to Drive Revenue Growth
Big Tech Taps AI Agents to Drive Revenue Growth
April 18, 2024  |  artificial intelligence

Big tech companies are reportedly in a race to unveil software to fuel AI spending. For example, Microsoft is at work trying to automate tasks such as invoicing or the ability...

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DeepMind Head: Google AI Spending Could Exceed $100 Billion
DeepMind Head: Google AI Spending Could Exceed $100 Billion
April 16, 2024  |  artificial intelligence

Google’s top AI executive says the company’s spending on the technology will surpass $100 billion. While speaking Monday (April 15) at a TED Conference in...

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Microsoft to Open New AI Hub in London
Microsoft to Open New AI Hub in London
April 08, 2024  |  artificial intelligence

Microsoft AI, an artificial intelligence (AI)-focused organization formed by the tech company in March, is opening a new AI hub in London. The Microsoft AI...

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Warning Shots Fired Over AI Hype vs Reality
Warning Shots Fired Over AI Hype vs Reality
April 02, 2024  |  artificial intelligence

The rapid rise of artificial intelligence (AI) has sparked a heated debate among experts, with some warning that the hype surrounding the technology may be...

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DeepMind Co-Founder: AI Hype Obscuring ‘New Renaissance’
DeepMind Co-Founder: AI Hype Obscuring ‘New Renaissance’
March 31, 2024  |  artificial intelligence

One of the co-founders of DeepMind says hype is hindering progress in the AI space. Speaking to the Financial Times (FT) Sunday (March 31), Demis Hassabis said that the...

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Microsoft Bing Head to Step Down Amid AI Push
Microsoft Bing Head to Step Down Amid AI Push
March 26, 2024  |  Personnel

The head of Microsoft’s Bing search engine and ad business is reportedly leaving that role. Mikhail Parakhin’s departure — the subject of a Monday (March...

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DeepMind Founder to Head Microsoft Consumer AI Group
DeepMind Founder to Head Microsoft Consumer AI Group
March 19, 2024  |  artificial intelligence

Microsoft has reportedly named DeepMind Co-founder Mustafa Suleyman to head its consumer AI unit. The tech giant has also hired most of the staff of Suleyman’s Inflection AI startup, Bloomberg News reported...

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