NewsRoom Articles - Page 44 of 53

WednesdayJul 10, 2024 10:00 am

Samsung Anticipates Profit Jump After Incorporating AI

Samsung is currently the biggest maker of smartphones, memory chips and televisions. Over the last 12 months, optimism about artificial intelligence (AI) has seen the market rally for these chips grow, with NASDAQ and the S&P 500 hitting new records last week. Recently, Samsung Electronics announced that it expected its profits from the second quarter of the year to rise by a factor of 15. The company expects that its profits for this quarter will reach 10.4 trillion won, which is equivalent to about $7.5 billion. This greatly exceeds analysts’ forecasts, standing at 8.8. trillion won. The latest forecast is…

MondayJul 08, 2024 10:00 am

US Presidential Candidates Remain Notably Silent on Pivotal Tech Topics During First Debate

With the election set for later this year, we saw the first presidential debate being conducted last month. In addition to being the only televised presidential debate since the 1960s to be carried out without an audience, it also did not touch on topics such as quantum computing, artificial intelligence (AI), blockchain or cryptocurrency, despite the popularity of these topics. This is notable for a number of reasons. For starters, artificial intelligence has had a huge impact on the American economy, stock market and technology sector over the last four years. American-based investment and technology companies that specialize in artificial…

MondayJul 08, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Partnership Extension and Launch of New Hybrid Quantum Solver

D-Wave announced an extension of its partnership with Aramco to address geophysical optimization challenges using D-Wave’s quantum technology Over the past two years, the Aramco Research Center has utilized D-Wave’s cutting-edge quantum technologies to solve intricate optimization problems related to seismic imaging D-Wave announced the launch of a new hybrid quantum solver for nonlinear programs, designed to tackle increasingly complex real-world problems at its Qubits 2024 user conference D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, has announced an extension of its partnership with Aramco, a global leader in energy and chemicals, to address geophysical…

FridayJul 05, 2024 10:00 am

Concerns Grow Regarding “AI Washing” and Likely Harms

Amazon faced some criticism following its launch of the Just Walk Out technology at different physical grocery stores across several markets. This new artificial intelligence-powered system allows consumers at different Amazon Go and Amazon Fresh shops to just pick the things they need and leave the premises, all without having to stop. To work, this system uses many sensors to determine what a customer picks. Once this is done, the customer is then billed automatically. What you may not be aware of is the fact that a few months ago, it had been reported that while Just Walk Out did…

WednesdayJul 03, 2024 10:00 am

State Department Urges Employees Around the World to Use AI

The U.S. State Department is rolling out a new artificial intelligence (AI) hub as more individuals around the globe experiment with artificial intelligence. In an announcement, Secretary of State Antony Blinken announced that the hub was a central point for all things artificial intelligence for the department’s employees. Blinken explained that the platform, dubbed AI State, provided both informal and formal training, including videos on how to get started. The hub is comprised of all internal departmental AI tools, use cases and libraries. In his statement, Blinken encouraged everyone to try the hub out, test it out, explore and give…

MondayJul 01, 2024 10:00 am

Leading Global Music Labels Sue AI Firms, Alleging Copyright Violations

Well-known record labels globally have sued a pair of artificial intelligence (AI) start-ups in a possible landmark case. The plaintiffs, which claim that some copyrights have been violated, include Warner Records, Universal Music Group and Sony Music. They claim that Udio and Suno have committed copyright infringement, arguing that the two artificial intelligence companies have been stealing their music and releasing similar tunes. The record labels are asking that they be compensated for this violation, quoting a figure of $150,000 per tune. In a blog post earlier this week, Udio stated that it was completely uninterested in content reproduction. The…

FridayJun 28, 2024 10:00 am

Pope Francis Welcomes AI Benefits, Wants Risks Mitigated

While addressing an audience in the Vatican recently, Pope Francis reiterated that artificial intelligence (AI) was to be used to serve humanity in an ethical way. He made these remarks to those who took part in the global convention on Generative AI and Technocratic Paradigm, which was organizated by CentesimusAnnus Pro Pontifice, under the Vatican. The CentesimusAnnus foundation organizes meetings on matters related to the common good and economy as well as the common good and finance. The discussions are focused on devising ways to apply to social teachings of the Catholic Church. In his address, the Holy Father noted…

WednesdayJun 26, 2024 10:00 am

US Proposes Curbs to AI, Tech Investments in China

Last week, the U.S. Department of Treasury issued a proposal that would limit and monitor United States investments in China for a range of tech investments. The proposal stems from an executive order issued by President Joseph Biden in 2023 that focused on access that some countries had to U.S. dollars to finance advanced technologies that could strengthen these countries’ intelligence, military, cyber capabilities and surveillance. The order primarily centered on Macau, Hong Kong and China. For a while now, the current administration has worked to impede the development of technologies that could enable China to dominate emerging sectors or…

MondayJun 24, 2024 10:00 am

Fiscal Policy Interventions Could Make AI Benefits More Universal, IMF Says

Generative artificial intelligence technologies hold great potential for enhancing delivery of public services and improving productivity. However, the current scale and speed at which these technologies are being adopted is also increasing concerns about inequality and job loss. Despite this, the IMF recently published a paper claiming that fiscal policy had a significant role to play in supporting opportunities and gains under generative artificial intelligence. For this to be effective, however, tax and social protection systems globally would need to be upgraded. Models from the IMF, supported by lessons from previous automation waves, suggest that generous employment insurance could shield…

FridayJun 21, 2024 10:00 am

Global Survey Finds Audiences Suspicious of Newsrooms Using AI

A recently published report has highlighted concerns on the increased use of artificial intelligence in misinformation and the production of news. The report was published by the Reuters Institute for the Study of Journalism and provides a picture of the challenges newsrooms are already facing as they work to engage more individuals worldwide. Globally, generative artificial intelligence is helping tech giants and start-ups such as Google and OpenAI develop tools that can divert traffic from news sites and provide short summaries of information. While this works against newsrooms and would suggest that consumers are in favor of AI use, the…

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