LLMs

Report: OpenAI Approaches $1 Billion in Yearly Revenue
Report: OpenAI Approaches $1 Billion in Yearly Revenue
August 30, 2023  |  artificial intelligence

OpenAI is reportedly on the road to reaching $1 billion in yearly revenue. The maker of the generative artificial intelligence (AI) bot ChatGPT is taking...

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Anthropic Gets $100 Million Investment from Korea’s SK Telecom
Anthropic Gets $100 Million Investment from Korea’s SK Telecom
August 14, 2023  |  artificial intelligence

Artificial intelligence (AI) firm Anthropic has teamed with Korea’s SK Telecom (SKT) to build a large language model for the telecom sector. The partnership, announced...

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The AI Challenges of Ethics, Privacy, Deepfakes and Bad Intentions Remain for LLMs
The AI Challenges of Ethics, Privacy, Deepfakes and Bad Intentions Remain for LLMs
August 07, 2023  |  Artificial Intelligence

Because both open- and closed-source large language models (LLM) can use proprietary data, both will face challenges. However, closed-source models will likely face heavier scrutiny...

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Apple Looks to Strengthen AI for Mobile Devices
Apple Looks to Strengthen AI for Mobile Devices
August 06, 2023  |  artificial intelligence

Apple is reportedly beefing up the generative artificial intelligence (AI) capabilities of its mobile devices. To that end, the company has begun hiring for dozens of...

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LLMs Are Taking Generative AI to a Higher Level
LLMs Are Taking Generative AI to a Higher Level
August 04, 2023  |  Artificial Intelligence

LLMs are paving the way for innovative new AI products across sectors such as healthcare, law and finance, but all this innovation comes at a...

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Costs Are Top of Mind as LLMs Upgrade Chatbots for Industry-Specific Use Cases
Costs Are Top of Mind as LLMs Upgrade Chatbots for Industry-Specific Use Cases
August 03, 2023  |  Artificial Intelligence

Large language models (LLMs) take generative artificial intelligence (AI) beyond text to include images, speech, video and even music. As they build, LLM creators will...

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FedNow’s Future and What the Triple Clock Theory Says About It
FedNow’s Future and What the Triple Clock Theory Says About It
July 17, 2023  |  Real-Time Payments

Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time...

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Report: Character.AI Plans New Funding Round to Build Revenue Cushion
Report: Character.AI Plans New Funding Round to Build Revenue Cushion
July 16, 2023  |  artificial intelligence

Artificial intelligence (AI) startup Character.AI is pursuing another funding round. That’s according to a report Saturday (July 15) by The Information, which cited a source with direct...

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Meta Set to Join Google and Microsoft in Commercial AI Race
Meta Set to Join Google and Microsoft in Commercial AI Race
July 13, 2023  |  Meta

Meta is reportedly readying a commercial version of its artificial intelligence (AI) tool. As the Financial Times (FT) noted in a report Thursday (July 13),...

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