US Treasury: AI brings huge opportunities, risks to financial stability
Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come. Go to Source
Microsoft
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Nvidia briefly passes Apple as world’s most valuable company
There’s a three-way race for the top slot, with Microsoft maintaining a slight edge. Go to Source
Microsoft Invests $70 Million in South Africa for AI Advancement
Microsoft South Africa (SA) has entered into a $70.5 million artificial intelligence (AI) investment agreement with the Southern African nation’s Department of Trade, Industry, and Competition (DTIC). The investment aims to support the development of black-owned small, micro, and medium enterprises (SMMEs) in both tech and non-tech sectors over the next 10 years. Approximately 200 … Read more
Former Google China boss doubles down: AI to take 50% of jobs by 2027
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots. Go to Source
Microsoft’s new ‘Black Mirror’ recall feature records everything you do
“This is a Black Mirror episode. Definitely turning this ‘feature’ off,” commented Elon Musk on Microsoft’s new Recall feature. Go to Source
Bitcoin would need to hit $93K to flip Silver right now
Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago. Go to Source
Microsoft faces multi-billion dollar fine in EU over Bing AI
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27. Go to Source
Sony warns 700 AI devs, music streaming companies against content misuse
Sony is cracking down on AI developers like OpenAI and Microsoft with a letter that prohibits them from using its content to train or develop commercial AI systems. Go to Source
‘We’re just scratching the surface’ of crypto and AI — Microsoft exec
The symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs. Go to Source
Apple reportedly courting OpenAI to develop AI features for iPhone
The Cupertino company is also considering a partnership with Google. Go to Source