Japanese Prime Minister Fumio Kishida has unveiled an international framework for the regulation and use of generative AI, adding to global efforts towards governance for the rapidly advancing technology. Mr Kishida made the announcement in a speech at the Paris-based Organisation for Economic Cooperation and Development (OECD). “Generative AI has the potential to be a […]
Generative artificial intelligence (AI) uses large language models and other machine learning models to create novel media content like text and speech, images and video, even computer code and gene sequences. Nvidia (NASDAQ: NVDA) CEO Jensen Huang recently called it “the defining technology of our time.” Indeed, automating content creation could improve productivity across numerous […]
The race to develop infrastructure for powering generative artificial intelligence (AI) applications intensified following reports that Microsoft (NASDAQ: MSFT) and OpenAI are expected to invest $100 billion to $115 billion in a new supercomputer called Stargate, according to tech-focused business publication The Information. While Microsoft and OpenAI themselves haven’t released any details, the two companies […]
An analyst downgraded data analytics software maker Palantir Technologies (PLTR) on Thursday on views its valuation is inflated amid investor buzz over generative artificial intelligence. Palantir stock fell in early trading, X Brian White, analyst at Monness, Crespi, Hardt & Co., downgraded Palantir stock to sell from neutral. “On the back of this unprecedented generative AI hype […]
The Apple (AAPL) car is dead. And with no big, splashy products to look forward to, Wall Street is pinning its hopes for the tech giant’s immediate future on, what else, generative AI. In his initial report on Apple’s decision to shutter its automotive efforts, Bloomberg’s Mark Gurman said a number of the 2,000 employees […]
Nvidia (NVDA) reported fourth-quarter results that topped Street estimates on both the top and bottom lines. The chip giant reported adjusted earnings per share of $5.16 compared to estimates of $4.60. Revenue was $22.10 billion compared to estimates $20.41 billion. Data center revenue was $18.4 billion, topping the expected $17.21 billion. In the release, founder […]
Cybersecurity specialist SentinelOne (NYSE: S) has delivered remarkable gains of 86% in the past year, which means that investors who bought this stock a year ago have seen their investments increase substantially in a short period. But what if you’re one of those who missed buying this high-flying growth stock before its tremendous rally began? […]
The emergence of generative artificial intelligence is driving a movement to rapidly embed genAI literacy — the understanding and skills required to responsibly and effectively utilize these technologies — into the fabric of K-12 education. While this work is well-intentioned, aiming to prepare children for a tech-centric future, the challenge lies in discerning the appropriate […]
Apple boss Tim Cook has revealed the tech giant will make a big announcement about generative AI features on its devices “later this year”. Mr Cook said the iPhone maker was spending a “tremendous amount of time and effort” on AI and would share more details of that work later in the year. Many of […]
Fresh off of testifying before the Senate that his social media empire doesn’t hurt kids, Meta (META) CEO Mark Zuckerberg will now face shareholders as his company reports its fourth quarter earnings after the bell on Thursday. Meta has been on a hot streak over the last 12 months, with shares rocketing 121% as of […]
After a string of downgrades from Wall Street analysts, Apple’s (AAPL) stock received a much-needed vote of confidence on Thursday as Bank of America (BAC) analyst Wamsi Mohan upgraded the bank’s position on the company and raised its price target. Shares of Apple were up nearly 3% as of midday Thursday. In a research note, […]
Step aside, CFOs: New generative AI technology stands to supplant you as your CEO’s best friend. This in part reflects how the latest crop of powerful tech can unlock major impact to worker productivity and corporate financials, according to a new study of CEOs by consultancy PwC. The survey was released ahead of an AI-themed […]