Business
AI companies are soaring on promises they can revolutionize society while making a profit. What if they're flying too close to the sun? The latest models generate publication-worthy essays and award-winning artworks, but it’s not clear how to make them generate enough revenue...
Business
Amazon cut a multi billion-dollar deal with AI startup Anthropic, giving it a powerful ally in the generative arms race. Amazon committed to investing as much as $4 billion in Anthropic. In return, Amazon Web Services (AWS) became the primary provider of Anthropic’s Claude and other models.
Tech & Society
Microsoft's ChatGPT-powered assistants will roll out in the coming months.
Business
The updates expand ChatGPT into a voice-controlled, interactive system for text and image interpretation and production.
Business
Where spores from DeepMind scatter, startups blossom. Nearly 200 former employees of Google’s elite AI research lab have gone on to found or join startups.
Business
This year’s crop of hot startups shows that generative AI isn’t the only game in town. CB Insights, which tracks the tech-startup economy, released the 2023 edition of its annual AI 100, a list of 100 notable AI-powered ventures.
Business
One bank towers above the competition when it comes to AI, a recent study suggests. A report from market research firm Evident Insights measures use of AI by the banking industry.
Business
While Microsoft and Google scramble to supercharge their businesses with text generation, Meta has yet to launch a flagship generative AI service. Reporters went looking for reasons why.
Business
Generative AI could add between $2.6 trillion and $4.4 trillion to the global economy annually (roughly 2 percent to 4 percent of the world’s combined gross domestic product this year), according to a new report.
Business
One of the world’s largest investment banks built a large language model to map cryptic government statements to future government actions. JPMorgan Chase trained a model based on ChatGPT to score statements by a United States financial regulator according to...
Business
Google showcased a flood of new features in its latest bid to get ahead in the generative AI arms race. The company demonstrated AI features for consumers and developers at its annual I/O conference.
Business
Reporters offered a behind-the-scenes look at OpenAI’s year-long effort to capitalize on its long-awaited GPT-4. The company built a sales team and courted corporate partners in advance of launching its latest large language model, The Information reported.