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 £826 million, according to its annual results filing with Companies House. In previous years, DeepMind...
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...
Apple’s aim to integrate Qwen AI into Chinese iPhones has taken a significant step forward, with sources indicating a potential partnership between the Cupertino giant and Alibaba Group Holding. The development could reshape how AI...
The UK is deploying AI to keep a watchful eye on Arctic security threats from hostile states amid growing geopolitical tensions. This will be underscored by Foreign Secretary David Lammy during his visit to the...
Microsoft Azure users are now able to harness the latest advancements in NVIDIA’s accelerated computing technology, revolutionising the training and deployment of their generative AI applications. The integration of Azure ND H100 v5 virtual machines...