Despite its traditionally risk-averse nature, the insurance industry is being fundamentally reshaped by AI. AI has already become vital for the insurance industry, touching everything from complex risk calculations to the way insurers talk to their customers. However, while nearly eight out of ten companies are dipping their toes in...
Taiwan Semiconductor Manufacturing Company (TSMC) finds itself at the centre of a perfect storm: unprecedented AI chip demand that it cannot fully satisfy, escalating trade tensions that threaten its business model, and geopolitical risks that...
OpenAI has secured a deal to access real-time content from Reddit through the platform’s data API. This allows OpenAI to incorporate conversations from Reddit into ChatGPT and other new products, echoing a previous agreement that the...
DeepMind, the Alphabet-owned AI research lab, has turned a profit for the first time since the company was founded in 2010. The London-based firm recorded a profit of £43.8 million in 2020 with revenue at...
AI21 Labs has raised $64 million in a funding round to help it compete against OpenAI and other NLP leaders. Competition in NLP (Natural Language Processing) is heating up. OpenAI is currently seen as the...
OpenAI’s latest upgrade for GPT-3 has given the generalised language model some impressive new creative skills. This week, OpenAI released a new text model (text-davinci-003) for GPT-3. Researchers have been playing around with the model...
Meta has confirmed plans to utilise content shared by its adult users in the EU (European Union) to train its AI models. The announcement follows the recent launch of Meta AI features in Europe and...
The US Food and Drugs Administration (FDA) has stated that it wants to accelerate the deployment of AI across its centres. FDA Commissioner Martin A. Makary has announced an aggressive timeline to scale use of...
Hong Kong-based AI giant SenseTime delivered a keynote titled “AI for a better tomorrow” at this year’s World AI Cannes Festival (WAICF). George Huang, President of the International Business Group at SenseTime, led the keynote...
US-based Paravision has announced updates to boost its computer vision and facial recognition capabilities across mobile, on-premise, edge, and cloud deployments. “From cloud to edge, Paravision’s goal is to help our partners develop and deploy...