The emergence of generative artificial intelligence (AI) has taken the business world by storm. Initially seen as a novelty, it has now evolved into a technology with significant implications for various industries. Major players such as MSFT, AWS, and Google are engaged in an intense “AI arms race” to establish dominance. Enterprises are rapidly pivoting
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OpenAI, the renowned artificial intelligence research lab, has recently announced a slew of updates for its popular generative AI chatbot, ChatGPT. Logan Kilpatrick, OpenAI’s first developer advocate, unveiled this “huge set of ChatGPT updates” on social media. These updates bring a range of new features to improve the user experience and expand the capabilities of
LG Electronics and Clearbrook have recently announced a strategic alliance that aims to invest in a variety of tech startups. The two companies will create a $100 million fund called the NOVA Prime Fund, which will focus on supporting companies that are advancing innovations to build a better future. This fund will specifically target areas
Torq, a leading provider of security hyper-automation solutions, has recently introduced Torq Socrates, an innovative AI agent designed specifically for security operations. With the advent of large language models (LLMs), this advanced agent aims to automate critical security activities, reducing the burden of alert fatigue, false positives, and job burnout for security analysts. Enhancing Cybersecurity
Advanced Micro Devices (AMD) has announced that its revenue for the second quarter reached $5.36 billion, representing an 18% decrease from the previous year. Despite this decline, investors are optimistic about the company’s future, especially considering its involvement in the high-demand artificial intelligence (AI) market. As a result, AMD’s stock rose by 5% to $123.5
Since the entrance of OpenAI’s ChatGPT into the AI scene in November 2022, there has been an immense surge of interest and demand for AI skills, particularly those related to OpenAI. To address this demand, OpenAI and Upwork have announced a new partnership that aims to connect skilled professionals with businesses in need of AI
When Open AI introduced ChatGPT, it appeared to be a promising tool, akin to an oracle endowed with vast knowledge from all corners of the internet. Such a resource could have been invaluable in a world grappling with polarization, misinformation, and a widespread erosion of trust in society. Alas, the limitations of this technology quickly
ServiceNow, the low-code enterprise automation company, has recently announced the expansion of its Now platform’s generative AI capabilities. With the introduction of case summarization and text-to-code features, ServiceNow aims to enhance speed, productivity, and value for its customers across various industries. The advancements in gen AI capabilities are purpose-designed to alleviate repetitive tasks and improve
Beyond Work, a London-based startup, has recently announced that it raised $2.5 million in a pre-seed funding round. The investment, led by Moonfire Ventures and with participation from MIT’s E14 fund, will be utilized to accelerate the development of the company’s innovative human-AI work platform. The technology is currently being tested by Fortune 500 enterprises
The financial services arm of UBS, a Swiss banking giant, recently revised its guidance for the long-term artificial intelligence (AI) end-demand forecast. The previous forecast projected a compound annual growth rate (CAGR) of 20% from 2020 to 2025. However, UBS now anticipates a CAGR of 61% between 2022 and 2027. Solita Marcelli, the global wealth