Tag Archives: PYMNTS News

Apple’s AI Rollout Will Doubtless Stretch Into Subsequent Yr

Apple’s synthetic intelligence (AI) rollout will reportedly be an extended, sluggish one. As Bloomberg Information reported Sunday (June 16), Apple Intelligence, which the tech large introduced final week, received’t turn out to be accessible for builders to check out till late in the summertime. Meaning it received’t be a part …

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OpenAI Might Change into a For-Revenue Enterprise

OpenAI’s days as a nonprofit firm might be numbered. CEO Sam Altman has informed some shareholders the bogus intelligence (AI) agency is weighing a change to its governance, making it a for-profit firm that its nonprofit board has no management over, The Info reported Friday (June 14). The report — …

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Nvidia Unveils Open Mannequin That Creates LLM Coaching Knowledge

As issues develop that giant language fashions (LLMs) are operating out of high-quality coaching knowledge, Nvidia has launched Nemotron-4 340B, a household of open fashions designed to generate artificial knowledge for coaching LLMs throughout varied industries. LLMs are synthetic intelligence (AI) fashions that may perceive and generate human-like textual content …

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Microsoft Pauses Its Launch of AI-Powered Recall Program

Tech big Microsoft has determined to delay the rollout of “Recall,” its synthetic intelligence (AI)-powered function designed to trace and retailer customers’ laptop exercise. The corporate introduced on Thursday (June 13) that as an alternative of rolling out Recall to all its new computer systems subsequent week, it can take …

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Nvidia AI-Powered Satellites Poised to Increase Web Entry

Planet Labs PBC and Nvidia are partnering to reinforce satellite tv for pc processing energy, aiming to enhance how companies obtain and make the most of information for faster, extra clever insights. The businesses will collaborate to reinforce the onboard processing capabilities of Planet’s high-resolution Pelican-2 satellite tv for pc, …

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OpenAI Bolsters Lobbying Arm Amid Regulatory Strain

OpenAI is reportedly increasing its lobbying division as the synthetic intelligence business faces extra regulatory oversight. The multibillion-dollar AI startup goals to have 50 members on its international affairs workforce by yr’s finish, up from three firstly of 2023 and 35 at the moment, the Monetary Occasions (FT) reported Thursday …

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AccountsIQ Raises $65 Million to Embed AI in Accounting Platform

AccountsIQ secured 60 million euros (about $65 million) in a Collection C funding to assist continued product improvement and to embed synthetic intelligence all through its cloud-based accounting platform designed for medium-sized firms and nonprofits. Along with enhancing its AI functionality, AccountsIQ will use the brand new funding to greater …

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Intuit to Preview AI-Powered Advertising Instruments 

Intuit, the maker of TurboTax, Credit score Karma, QuickBooks and Mailchimp, will preview a brand new synthetic intelligence (AI) system designed to assist companies improve income by means of smarter advertising. The Mountain View, Calif., firm mentioned in a press launch emailed to PYMNTS that its coming “income intelligence” know-how …

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OpenAI Doubled Annualized Income in 6 Months

OpenAI reportedly greater than doubled its annualized income over the past six months or so. The agency’s present annualized income is $3.4 billion, up from $1.6 billion in 2023, Bloomberg reported Wednesday (June 12), citing a paywalled article by The Data. OpenAI didn’t instantly reply to PYMNTS’ request for remark. …

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Mild Raises $13 Million to Scale AI-Powered Common Ledger

Mild has come out of stealth and introduced a $13 million financing spherical to scale its synthetic intelligence (AI)-powered common ledger for multinational firms. With its automated ledger, Mild has reimagined the enterprise useful resource planning (ERP) idea “from the bottom up” to ship a monetary suite that’s designed for …

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Databricks Launches AI-Powered Enterprise Intelligence Product

Databricks has launched a synthetic intelligence (AI)-powered enterprise intelligence (BI) product designed to allow anybody in a company to entry analytics and insights. The brand new Databricks AI/BI options each interactive dashboards and a conversational interface referred to as Genie, the corporate stated in a Wednesday (June 12) press launch. …

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World AI Panorama in Flux as Rules Evolve

The worldwide synthetic intelligence (AI) panorama is present process important shifts as regulators grapple with the expertise’s fast developments. Whereas the U.S. and Europe are contemplating tightening AI laws, Argentina President Javier Milei is positioning his nation as a possible haven for tech investments. In the meantime, the U.S. authorized …

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