Tag: AI

. Discover how two tech giants, Bloomberg and Amazon, are catching up in AI development race. Bloomberg announced incorporating the latest ChatGPT-style software into its Bloomberg terminal, while Amazon revealed investing in AI and generative Artificial Intelligence research. Know the potential applications and impacts of generative AI on technological and digital worlds!

Hong Kong is lagging behind in embracing new technologies, as highlighted by the recently introduced ChatGPT, an AI powered chatbot. The city must address this by creating an AI industry of its own, to compete and keep up with the top technology experts worldwide. But in order to do so, the HK government must put into practice the potential benefits of AI and cultivate an environment that supports innovation.

Chuck Schumer, US Senate Majority Leader, has initiated efforts to create new regulations on Artificial Intelligence in response to: national security, education concerns and the growing consumer appeal of ChatGPT. Schumer's framework strives to create a regulatory regime that keeps the US at the forefront of technology while avoiding potential disasters. With over 100 million users, ChatGPT is the fastest-growing consumer application of all time. Schumer emphasizes the importance of strong legislation to ensure proper use of AI.

. Amazon's groundbreaking Bedrock AI service has the potential to take on tech giant competitors such as Google and OpenAI's Generative AI models. Bedrock provides a secure serverless experience to AWS users, allowing them to use Foundation Models and Amazon's own in-house Titan Duo to create AI applications.Third-party models like Anthropic's Claude and Stability AI's text-to-image-generator Stable Diffusion can also be used by customers. With Amazon's focus on data security, users can easily deploy AI-based apps with confidence.

This article talks about how open-source AI technology, such as ChatGPT, is becoming increasingly popular. Microsoft's heavy investments in OpenAI, combined with its AI-enabled Bing search and Edge browser, has helped propel its use. We also take a look at specific ETFs, such as AIEQ, IRBO, WCLD and CLOU, that investors may benefit from in this rapidly growing sector. ChatGPT has sparked a major leap in AI technology, with Microsoft cloud hosting powering many of the related data operations.