PYMNTS-MonitorEdge-May-2024

OpenAI

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

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...

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

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,...

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Worldcoin Explores Partnership With OpenAI Amid Regulatory Pressure
Worldcoin Explores Partnership With OpenAI Amid Regulatory Pressure
April 25, 2024  |  Partnerships

Eyeball scanning digital ID startup Worldcoin is reportedly considering a partnership with tech company OpenAI.  This exploration comes after months of privacy-focused scrutiny from regulators around the...

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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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Perplexity Valued at $1 Billion as It Challenges Google Search
Perplexity Valued at $1 Billion as It Challenges Google Search
April 23, 2024  |  Investments

Perplexity has reportedly raised $63 million as it aims to compete with Google’s search engine. The new funding round values the artificial intelligence (AI) startup at $1 billion, marking a...

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Apple Acquires Paris AI Startup Datakalab
Apple Acquires Paris AI Startup Datakalab
April 23, 2024  |  Apple

Apple has stepped up its foray into artificial intelligence (AI) by acquiring Datakalab, a Paris-based AI tech startup.  The acquisition, finalized on Dec. 17, was...

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Meta’s Llama 3 Model Has Potential to Shake Up AI Landscape
Meta’s Llama 3 Model Has Potential to Shake Up AI Landscape
April 22, 2024  |  artificial intelligence

Meta has unveiled the latest iterations of its open-source Llama artificial intelligence (AI) model, which is causing ripples through the AI community. As the AI...

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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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Stability AI Lays Off Employees; Restructures After CEO’s Departure
Stability AI Lays Off Employees; Restructures After CEO’s Departure
April 18, 2024  |  artificial intelligence

Stability AI is laying off an unspecified number of employees as part of a restructuring process. The company will hold a town hall meeting Thursday (April...

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