GenAI

OpenAI Bolsters Lobbying Arm Amid Regulatory Pressure
OpenAI Bolsters Lobbying Arm Amid Regulatory Pressure
June 13, 2024  |  Artificial Intelligence

OpenAI is reportedly expanding its lobbying department as the artificial intelligence industry faces more regulatory oversight. The multibillion-dollar AI startup aims to have 50 members...

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Trustly Unveils AI-Powered Recurring Payments Solution in Europe
Trustly Unveils AI-Powered Recurring Payments Solution in Europe
June 13, 2024  |  Artificial Intelligence

Trustly unveiled an artificial intelligence-powered recurring payments solution that is designed to streamline subscription payments. By automating these payments, the new Trustly Recurring Payments aims...

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Report: OpenAI Doubled Annualized Revenue in 6 Months
Report: OpenAI Doubled Annualized Revenue in 6 Months
June 12, 2024  |  artificial intelligence

OpenAI reportedly more than doubled its annualized revenue over the last six months or so. The firm’s current annualized revenue is $3.4 billion, up from...

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Epicor Adds Product Information Management Capabilities With Kyklo Acquisition
Epicor Adds Product Information Management Capabilities With Kyklo Acquisition
June 12, 2024  |  Acquisitions

Epicor acquired Kyklo to further its aim of providing businesses with “easy-to-use, practical, outcome-focused and responsible AI.” The acquisition will add Kyklo’s product information management...

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Mistral’s $640 Million Funding Round Fuels Europe’s AI Ambitions
Mistral’s $640 Million Funding Round Fuels Europe’s AI Ambitions
June 12, 2024  |  Artificial Intelligence

Mistral AI, a Paris-based artificial intelligence startup, raised $640 million in a Series B funding round led by General Catalyst, propelling its valuation to $6...

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What Apple and OpenAI’s Partnership Reveals About Strategic Innovation
What Apple and OpenAI’s Partnership Reveals About Strategic Innovation
June 12, 2024  |  Partnerships

Staying ahead of the innovation curve means meeting end-user expectations where they will be, not where they are currently (even though achieving that can frequently...

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Samsung Reportedly Hires Ex-Apple Exec Murat Akbacak for AI Center
Samsung Reportedly Hires Ex-Apple Exec Murat Akbacak for AI Center
June 12, 2024  |  Personnel

Samsung is reportedly hiring a former Apple executive to run its new artificial intelligence research center. Heading the operation will be Apple veteran Murat Akbacak,...

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AI Marketers: The New Mad Men?
AI Marketers: The New Mad Men?
June 12, 2024  |  artificial intelligence

In the marketing arena, where creativity and innovation are paramount, a new contender is emerging: generative artificial intelligence (GenAI). Capable of producing content such as...

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Apple’s AI Push Puts Privacy, Security in the Spotlight
Apple’s AI Push Puts Privacy, Security in the Spotlight
June 12, 2024  |  artificial intelligence

As Apple enters the race to bring advanced artificial intelligence (AI) capabilities to consumer devices and services, the tech giant is betting that a strong...

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