Tag Archives: PYMNTS News

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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Apple’s Predictive AI Might Influence Purchasing

Apple’s foray into synthetic intelligence (AI), unveiled on the Worldwide Builders Convention, goals to remodel how customers work together with their units and, extra importantly, how they store. If Apple has its approach,  your iPhone is aware of your procuring preferences and predicts your subsequent buy. Apple Intelligence will be …

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Argentina Woos AI Giants as World Steps Up Rules

Argentina is reportedly selling itself as an AI hub amid elevated oversight of the expertise. Javier Milei, the nation’s new, libertarian chief, has promised a much less restrictive strategy to synthetic intelligence (AI) regulation, an advisor to the president advised the Monetary Instances (FT) in an interview revealed Tuesday (June 11). Demian …

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Italian AI Startup iGenius Goals to Increase $698 Million

Italian synthetic intelligence (AI) startup iGenius reportedly goals to boost 650 million euros ($698 million). This might give the startup a post-money valuation of 1.7 billion euros ($1.8 billion), Bloomberg reported Monday (June 10), citing iGenius CEO Uljan Sharka. The startup provides an open-source AI mannequin that’s utilized by monetary …

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DOJ and FTC Able to Rumble Over AI Dominance

The Justice Division and the Federal Commerce Fee (FTC) are reportedly gearing as much as unleash their antitrust hounds on Microsoft, OpenAI and Nvidia, based on a Wednesday (June 5) report from The New York Instances. These tech behemoths have been driving synthetic intelligence (AI) innovation, however now face new scrutiny …

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SoundHound Pays Off $100 Million Debt After Lender Settlement 

SoundHound AI has reached an settlement to prepay its $100 million debt in full. The voice synthetic intelligence (AI) agency introduced that settlement with its lenders Monday (June 10), saying it considerably lowers its early cost prices and lets SoundHound save greater than $55 million of curiosity and costs that might have been …

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The Revenue Potential of Reinforcement Studying

On this planet of commerce, companies are at all times looking out for an edge, and reinforcement studying, a quickly rising subfield of synthetic intelligence (AI), could be the secret weapon they’ve been looking for. This progressive strategy to machine studying, which permits AI techniques to be taught by way …

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Google’s in-Home AI Growth Could Be Aggressive Edge

Microsoft is reportedly successfully outsourcing its greatest AI analysis and improvement to OpenAI, a transfer that might have important implications for the AI panorama. Todd McKinnon, CEO of cybersecurity agency Okta, advised CNBC Friday (June 7) that Microsoft has handed over the event of its greatest AI instruments and software …

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Apple Manufacturers AI as ‘Apple Intelligence’

Synthetic intelligence (AI) could have a starring function at Apple’s developer convention this week. Extra to the purpose, “Apple Intelligence.” That’s the identify the corporate has given its AI system, which is coming to new variations of the iPhone, iPad and Mac working methods, Bloomberg Information reported Friday (June 7), …

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Silicon Valley on Edge as New AI Invoice Advances in California

A brand new California legislative proposal, SB 1047, is sending ripples of concern by Silicon Valley. Launched by State Sen. Scott Wiener, the invoice seeks to implement “widespread sense security requirements” for firms creating giant synthetic intelligence (AI) fashions that surpass particular dimension and price thresholds. If enacted, the laws …

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