artificial intelligence

08 Aug

Social Media Platforms Show Little Interest in Stopping Spread of Misinformation

stp2y0 CommentsRAG modelsartificial intelligence, business, Donald John Trump, fully-charged, META PLATFORMS INC-CLASS A, regulation, social media, SPREAD, Technology, turkey, United Kingdom, war, youtube

Social media platforms gave up on content moderation a long time ago. But first… Source link lol

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08 Aug

Generative AI Has a “Shoplifting” Problem. This Startup CEO Has a Plan to Fix It

stp2y0 CommentsAIalgorithms, artificial intelligence, copyright, media

Bill Gross made his name in the tech world in the 1990s, when he came up with a novel way for search engines to make money on advertising. Under his pricing scheme, advertisers would pay when people clicked on their ads. Now, the “pay-per-click” guy has founded a startup called ProRata, which has an audacious, possibly pie-in-the-sky business model: “AI pay-per-use.”Gross, who is CEO of the Pasadena, California, company, doesn’t mince words about the generative AI industry. “It’s stealing,” he says. “They’re shoplifting and laundering the world’s knowledge to their benefit.”AI companies often argue that they need vast troves of…

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08 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Falls in Hong Kong Debut as AI Frenzy Wanes

stp2y0 CommentsRAG modelsartificial intelligence, BLACK SESAME INTERNATIONAL H, GUANGZHOU AUTOMOBILE GROUP-H, Hong Kong, HONG KONG EXCHANGES & CLEAR, IPOs, Markets, NINGBO JOYSON ELECTRONIC -A, stocks, Technology, war, XIAOMI CORP-CLASS B

Shares of artificial intelligence chipmaker Black Sesame International Holding Ltd. tumbled as much as 35% on their debut, dealing a blow to Hong Kong’s efforts to lure more technology listings. The Xiaomi Corp.-backed company’s shares fell to as low as HK$18.28 Thursday in the Hong Kong Stock Exchange and closed the day 27% lower. They had been priced at HK$28, the bottom of the marketed range in an initial public offering that raised HK$1.04 billion ($133 million). Source link lol

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08 Aug

Tokyo Electron Ups Forecast After AI Demand Helps Earnings Beat

stp2y0 CommentsRAG modelsartificial intelligence, Asia, ASML HOLDING NV, china, Earnings, Economic Sanctions, Exports, Technology, Tokyo, TOKYO ELECTRON LTD, Washington

Tokyo Electron Ltd. raised its profit forecast for the fiscal year to March after reporting a better-than-expected surge in sales.The Japanese provider of semiconductor-patterning systems said it sees operating profit for the full year reaching ¥627 billion ($4.3 billion), up 8% from its previous guidance. Revenue in the June quarter was ¥555 billion, beating the analyst consensus of ¥500 billion and snapping a streak of year-on-year declines dating back to 2022. Operating profit for the period was ¥165.7 billion, also above expectations. Source link lol

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08 Aug

Palmer Luckey’s Defense Startup, Anduril, Raises $1.5 Billion to Produce AI-Powered Weapons

stp2y0 CommentsAIartificial intelligence, drones, manufacturing, military tech, Oculus

Palmer Luckey has come a long way from hacking together virtual reality headsets in a garage. Today, the Oculus VR founder’s defense tech startup, Anduril, announced that it has raised $1.5 billion in addition to developing a new manufacturing platform to produce “tens of thousands of autonomous weapons” a year.The funding round, led by Founders Fund and Sands Capital, could help the seven-year-old Anduril transition from a flashy defense industry upstart to a more serious US defense contractor.It also reflects a shift in military thinking, as policymakers adapt to the prospect of battlefields ruled not only by tanks and fighter…

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07 Aug

Gig Economy Emerges as a Bright Spot Amid Gloomy Tech Earnings

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Dara Khosrowshahi, DOORDASH INC - A, Earnings, JUST EAT TAKEAWAY, Malcolm Baker, Technology, Tony Xu, UBER TECHNOLOGIES INC, Wall Street

It has been a tough earnings seasonBloomberg Terminal for the technology industry, and markets more broadly.Big Tech companies failed to convince Wall Street that their massive investments in artificial intelligence are paying off. Growth in their core businesses underwhelmed. Their results, combined with broader concerns about the health of the US economy, triggered a meltdown that, at one point, had erased some $6.4 trillion from global stock markets. Source link lol

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07 Aug

Nextdoor Projects Improved Revenue Growth Amid Product Overhaul

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, Culture, Earnings, new york, NEXTDOOR HOLDINGS INC, Nirav Tolia, Social Network, Taxes, Technology, United States

Nextdoor Holdings Inc. reported second-quarter revenue that beat analysts’ estimates and projected stronger-than-expected sales growth, pointing to improvements in the company’s advertising technology as a key driver of sales. Chief Executive Officer Nirav Tolia also announced plans for a “complete transformation” of Nextdoor’s core social network to increase usage and turn the neighborhood-focused platform into a service that people are drawn toward daily, not just for key life moments. Source link lol

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07 Aug

CIBC Plans Hiring Spree in Artificial Intelligence, Data Jobs

stp2y0 CommentsRAG modelsartificial intelligence, Banking, CAN IMPERIAL BK OF COMMERCE, canada, Christina Kramer, CITIGROUP INC, COHERE INC, industries, jobs, ROYAL BANK OF CANADA, Technology, TORONTO-DOMINION BANK, work-shift

Canadian Imperial Bank of Commerce plans to hire more than 200 employees in data and artificial intelligence over the next year as it expands its use of generative AI.The country’s fifth-largest bank has carried out a number of pilot programs using generative AI and is adding staff in Canada to accelerate those efforts, Christina Kramer, the bank’s head of technology and innovation, said in a statementBloomberg Terminal. Source link lol

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07 Aug

Lumen Technologies Debt Rallies After Stock Jump, AI Demand

stp2y0 CommentsRAG modelsartificial intelligence, Bonds, Cash Flow, Debt, Earnings, finance, LUMEN TECHNOLOGIES INC, Markets, Technology, Telecommunication Services, US Dollar Spot

Lumen Technologies Inc. debt rallied alongside a meteoric rise in the company’s stock after it announced higher demand for its services as a result of the artificial intelligence boom. The telecommunications company’s 4% bond maturing in 2027 rose 7.5 points on Tuesday to 72 cents on the dollar, according to Trace bond trading data. Notes tied to its Level 3 unit due 2028 jumped 10.5 points to 67.5 cents on the dollar the same day. Source link lol

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07 Aug

WPP Sells $775 Million Stake in PR Firm FGS Global to KKR

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, business, china, deals, Debt, environment, Government, KKR & CO INC, london, Mark Read, Technology, WPP PLC

WPP Plc agreed to sell its stake in communications consultancy FGS Global to KKR & Co Inc. for $775 million as the British advertising agency streamlines its business to make room for investments in newer technologies. The sale of the approximately 50% stake gives FGS Global an enterprise value of $1.7 billion, the company said in a statement on Wednesday. KKR will increase its stake in the company to about 80% from 30%. Source link lol

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