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Crypto Billionaire’s Nonprofit Acquires $500M Worth of AI Chips for Generative AI
1.11.2023
Crypto billionaire Jed McCaleb, known as a co-founder major crypto companies like Stellar, Ripple, and Mt Gox, has launched a nonprofit with a mission to empower the development of generative AI. This nonprofit, registered in the US as a 501(c)(3) organization, recently purchased 24,000 Nvidia H100...
China sets stricter rules for training generative AI models
13.10.2023
The draft regulations emphasize that data subject to censorship on the Chinese internet should not serve as training material for these models
US Space Force pauses use of ChatGPT-like tools due to security fears: Report
13.10.2023
At least 500 Space Force staff members have been affected, according to the department’s former chief software officer
Future of payments: Visa to invest $100M in generative AI
3.10.2023
Visa says it was one of the first firms in the world to pioneer AI in payments, deploying AI-based technology for risk and fraud management in 1993
US Spy Agency Plans to Launch Generative AI Tool to Amplify Intelligence Gathering
29.9.2023
Reports indicate that the U.S. Central Intelligence Agency is poised to unveil a generative artificial intelligence (AI) tool, akin to Openai’s Chatgpt, to significantly enhance investigative efforts. Randy Nixon, the head of the CIA’s Open-Source Enterprise division, explained that this...
Amazon to Invest up to $4 Billion in AI Firm Anthropic
27.9.2023
Amazon, the worldwide tech behemoth, has announced that it will invest up to $4 billion in Anthropic, an artificial intelligence (AI) firm that has developed Claude, a generative AI assistant. As part of this strategic partnership, Anthropic will train its models on top of Amazon silicon,...
IMF Publications’ Report Highlights Growing Risks of Generative AI in Financial Sector
12.9.2023
As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the financial world. The Rise of Thinking Machines: Report...
Blockchain Firm Raises Millions From Andreessen Horowitz, Paris Hilton to Help Monetize AI Mashups
7.9.2023
Investors led by Andreessen Horowitz have backed a company that has set out to help content creators monetize their work in the age of artificial intelligence (AI). The tech firm intends to employ blockchain technology to track remixes and mashups that have been spreading online since the invent...
Bitcoin Miner Iris Energy Dives into Generative AI, Investing $10M in Nvidia GPUs Amidst Soaring Demand
31.8.2023
On August 29, the publicly traded bitcoin mining entity, Iris Energy, revealed its acquisition of 248 Nvidia H100 graphics processing units (GPUs) at a cost of $10 million. While the company emphasized that its primary focus remains on BTC mining, it views generative artificial intelligence (AI)...
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
29.8.2023
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining
Naver Corp unveils South Korea's answer to ChatGPT and generative AI
24.8.2023
South Korean internet giant Naver Corp. has released CLOVA X, a Korean language chatbot similar to ChatGPT that can have conversations and summarize text
Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
11.8.2023
Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities
Meta launches suite of generative AI music tools rivaling Google’s MusicLM
4.8.2023
Meta’s latest suite of generative AI tools allows users to input text to create musical and audio compositions, rivaling a similar tool released this year by Google
Study: Generative AI Could Add Trillions to Global Economy
31.7.2023
A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and published June 14, 2023, analyzes the impact AI tools...
High skilled jobs most exposed to AI, impact is still unknown - report
12.7.2023
A deep dive into global employment data and trends indicates that AI could have the biggest impact on high-skill jobs
China to require a license to release generative AI tools
11.7.2023
Sources close to Chinese officials say the draft rules for AI developers have been updated to include obtaining a license prior to releasing generative AI systems
A New Blockchain for Generative AI?
3.7.2023
Web3 architectures aren’t built for AI, but they could be, says Jesus Rodriguez, CEO of IntoTheBlock. And there are risks if we don’t build
Generative AI will disrupt blockchain too: Here’s how
3.7.2023
Artificial intelligence isn’t just generating lots of content these days, but equally, lots of excitement too
What is DALL-E, and how does it work?
27.6.2023
Discover the process of text-to-image synthesis using DALL-E’s autoencoder architecture and learn how it can transform textual prompts into images
What is generative AI?
26.6.2023
Generative AI leverages large data sets and sophisticated models to mimic human creativity and produce new images, music, text and more