PYMNTS-MonitorEdge-May-2024

OpenAI

Argentina Woos AI Giants as World Steps Up Regulations
Argentina Woos AI Giants as World Steps Up Regulations
June 11, 2024  |  artificial intelligence

Argentina is reportedly promoting itself as an AI hub amid increased oversight of the technology. Javier Milei, the country’s new, libertarian leader, has promised a less...

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X Marks the Spot: Musk to Ban Apple Devices Over OpenAI Integration
X Marks the Spot: Musk to Ban Apple Devices Over OpenAI Integration
June 10, 2024  |  artificial intelligence

Elon Musk said Monday (June 10) that Apple devices will be banned at his companies if they integrate OpenAI at the operating system (OS) level....

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OpenAI Names Ex-Nextdoor CEO Sarah Friar as CFO, Kevin Weil as CPO
OpenAI Names Ex-Nextdoor CEO Sarah Friar as CFO, Kevin Weil as CPO
June 10, 2024  |  Personnel

OpenAI has named a new chief financial officer (CFO) and a new chief product officer (CPO) as it prepares for its “next phase of growth.”...

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Italian AI Startup iGenius Aims to Raise $698 Million
Italian AI Startup iGenius Aims to Raise $698 Million
June 10, 2024  |  artificial intelligence

Italian artificial intelligence (AI) startup iGenius reportedly aims to raise 650 million euros ($698 million). This would give the startup a post-money valuation of 1.7...

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Apple Plays It Safe With Apple Intelligence Suite, OpenAI Partnership
Apple Plays It Safe With Apple Intelligence Suite, OpenAI Partnership
June 10, 2024  |  Apple

Apple may have arrived late to the artificial intelligence party. Still, the tech giant is making a grand entrance with “Apple Intelligence,” a new suite...

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Tech Titans in the Crosshairs: DOJ and FTC Ready to Rumble Over AI Dominance
Tech Titans in the Crosshairs: DOJ and FTC Ready to Rumble Over AI Dominance
June 10, 2024  |  artificial intelligence

The Justice Department and the Federal Trade Commission (FTC) are reportedly gearing up to unleash their antitrust hounds on Microsoft, OpenAI and Nvidia, according to...

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Will Apple’s AI Event Help Fuel Its Stock Momentum?
Will Apple’s AI Event Help Fuel Its Stock Momentum?
June 10, 2024  |  Apple

Apple is on the cusp of unveiling its AI plans, a make-or-break moment for the tech giant. As Bloomberg News reported ahead of the company’s...

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Report: Google’s in-House AI Development May Be Competitive Edge
Report: Google’s in-House AI Development May Be Competitive Edge
June 10, 2024  |  artificial intelligence

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...

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This Week in AI: Regulation Ramp Up, Intel and AI Chips, FTC Probe
This Week in AI: Regulation Ramp Up, Intel and AI Chips, FTC Probe
June 07, 2024  |  artificial intelligence

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...

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