PYMNTS-MonitorEdge-May-2024

OpenAI

Snap Faces Potential Suspension of AI Chatbot in UK
Snap Faces Potential Suspension of AI Chatbot in UK
October 06, 2023  |  artificial intelligence

Snap has been issued with a preliminary enforcement notice by the U.K. Information Commissioner’s Office (ICO) over potential failure to properly assess the privacy risks posed by its...

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OpenAI Explores Developing AI Chips to Tackle Shortages
OpenAI Explores Developing AI Chips to Tackle Shortages
October 06, 2023  |  Artificial Intelligence

OpenAI is reportedly exploring the development of its own artificial intelligence (AI) chips or the acquisition of a chip company to tackle the scarcity of expensive...

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Report: AI Startup Anthropic Looking to Secure $2 Billion Funding
Report: AI Startup Anthropic Looking to Secure $2 Billion Funding
October 04, 2023  |  artificial intelligence

Artificial intelligence (AI) startup Anthropic is reportedly engaged in talks to secure a $2 billion in funding. The deal has not been finalized, and the valuation for...

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Are Large Multimodal Models Gen AI’s New LLMs?
Are Large Multimodal Models Gen AI’s New LLMs?
October 04, 2023  |  artificial intelligence

Six months ago, an open letter called to pause further generative artificial intelligence (AI) development. It was signed by tech luminaries including Elon Musk and...

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Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
October 02, 2023  |  Investments

Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI.  Roelof Botha, partner...

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Sam Altman’s Gen AI ‘iPhone’ Could Upend the AI Economy
Sam Altman’s Gen AI ‘iPhone’ Could Upend the AI Economy
October 02, 2023  |  artificial intelligence

Generative artificial intelligence (AI) is one of the innovative forces powering tomorrow’s tech wave. Just like prior phase shifts in technical capability throughout history, AI...

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To Understand Big Tech’s AIs, Follow Their Data Trails
To Understand Big Tech’s AIs, Follow Their Data Trails
September 29, 2023  |  Artificial Intelligence

The ability of some of the largest and most valuable businesses in the world to differentiate their generative artificial intelligence (AI) products is inherently limited....

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This Week in AI: Chatbots, the CIA and Limitless Voice
This Week in AI: Chatbots, the CIA and Limitless Voice
September 29, 2023  |  artificial intelligence

The fastest human can’t even sniff the 50 mile-per-hour (mph) top speed of a gazelle.  But on a level field, even the fastest gazelle will...

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Does Meta’s 3.59 Billion Users Give It Competitive AI Moat?
Does Meta’s 3.59 Billion Users Give It Competitive AI Moat?
September 29, 2023  |  artificial intelligence

Big Tech’s artificial intelligence (AI) arms race shows no signs of slowing to a cold war. At least not any time soon, while there are...

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