Monthly Archives: April, 2023

. JPMorgan Chase is a leading financial services firm that is investing in AI-powered economic models such as ChatGPT & developing Hawk-Dove scores to analyse and predict central banks policy changes. Under Jamie Dimon’s leadership, JPMorgan continues to be a pioneering firm in the use of new technologies.

Pinecone, the AI startup from NYC, has secured a huge $100M in Series B funding at a $750M valuation. Founded by Edo Liberty, the company provides long-term memory to language AI models, enabling developers to create applications faster and more cost-effectively. With ChatGPT’s popularity surge last fall, Pinecone saw a boom in paying customers and is now focusing on bridging the gap between lab work and real-world applications.

Translated is a global leader in translation technology, enabling businesses and professionals to communicate with customers in different languages. Their new ModernMT system offers 200 languages, reaching over 6.5 billion native speakers, through adaptive machine translations made possible with data from nonprofit organizations, AI research and Meta's language research. With their new supported languages - totaling 30 - Translated expands their reach to over 2 billion more native speakers. Learn more about the remarkable technology that is revolutionizing global communication.

Dropbox, the leading cloud-based storage and collaboration platform, announces layoffs of 500 global staff members, reducing workforce by 16 percent. With incoming 'AI era' of computing and due to impacts of Covid-19, CEO and co-founder, Drew Houston, stated that the company is taking steps to remain ahead of the curve and remain competitive in a rapidly changing environment. Results of this measure, estimated to incur costs between $37-($42 million) will be included in their upcoming Q1 results, reported on Thursday, May 4th.

. Wow! An AI-generated ad for a fake pizza restaurant made by Reddit user PizzaLater has become viral. The ad features a family gathering to eat pizza, a chef expertly tossing dough, and a delivery person with a pizza bag. Prompting a response from Pizza Hut's official Twitter account, PizzaLater has even set up a website to merchandise the fake Pepperoni Hug Spot. Get the same pizza taste without leaving your home - visit the Pepperoni Hug Spot!