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The Bank for International Settlements (BIS) has advised central banks to harness the benefits of AI while cautioning against its use in replacing human decision-makers. In its first comprehensive report on AI, the BIS highlighted...
Etched, an AI startup based in San Francisco, announced that it secured$120 million, aiming to create a specialised kind of chip tailored to run a specific type of AI model commonly used by OpenAI's ChatGPT and Google's Gemini. Un...
In recent days, the landscape of AI integration on Apple's devices has become a topic of discussion. Initially, it was reported that a potential partnership could involve Apple's cooperation with Meta's AI services. However, 'peop...
Chinese AI companies are swiftly responding to reports that OpenAI intends to restrict access to its technology in certain regions, including China. OpenAI, the creator of ChatGPT, is reportedly planning to block access to its API...
Italy's financial watchdog, Consob, has begun experimenting with AI to enhance its oversight capabilities, particularly in the initial review of listing prospectuses and the detection of insider trading. According to Consob, these...
Oracle has cautioned investors that a potential US ban on TikTok could negatively impact its financial results. A new law signed by President Biden in April could make it illegal for Oracle to provide internet hosting services to ...
The Indian government plans to follow the European Union's lead and make USB-C the standard charging port for smartphones and tablets starting in June 2025. All new smartphones and tablets sold in India must have USB-C charging po...
AI startup EvolutionaryScale has secured$142 million in seed funding, led by investors including Nat Friedman, Daniel Gross, and Lux Capital. Both Amazon Web Services (AWS) and NVIDIA's venture capital arm participated in this sub...
EU antitrust regulators have accused Microsoft of illegally bundling its Teams chat and video app with its Office product suite, claiming the company's recent efforts to separate the two were insufficient. The European Commission ...
Major US record labels are suing AI music startups Suno and Uncharted Labs, accusing them of mass copyright infringement. The lawsuits, filed in federal courts in Massachusetts and New York, represent content creators' efforts to ...
A massive data breach has hit Financial Business and Consumer Solutions (FBCS), a debt collection agency, affecting millions of Americans. Initially reported in February 2024, the breach was found to have exposed the personal info...
Meta faced criticism from photographers after its 'Made by AI' label was incorrectly applied to genuine photos. Notably, a photo taken by former White House photographer Pete Souza and an Instagram photo of the Kolkata Knight Ride...
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