. Elon Musk, tech-industry icon, is preparing a venture to challenge OpenAI with a new Artificial Intelligence project. Sources close to the project told Financial Times Musk has already recruited a team of AI researchers & engineers and purchased Nvidia's GPUs. Investor reactions remain positive with the formation of Musk's latest technological venture.
This week we explored how financial institutions are responding to ever-changing markets across the world. Bank of England is looking into protecting savers better, TSB's former head of IT was presented with regulation fines and Skipton Building Society created a new deposit-free mortgage option. Tupperware struggled as a result of their own success and Tesco saw a drastic drop in profits due to food inflation. Elon Musk's dream of transforming Twitter into an 'everything app' has not gone as smoothly and put him in the headlines again. Finally, a pair of Michael Jordan's signed shoes sold for $2.2 million.
Bluefocus Intelligent Communications Group Co. is leading the pack in embracing AI for creative solutions, pledging to replace their external copywriters and graphic designers with AI models. Offering copywriting, novels and campaigns, it's a bold move that could see a new era of human-created advertising come to an end. Could AI-generated content soon overtake the creativity of human minds?
. 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.
. Microsoft has just released an update to address a severe security risk in all versions of Windows exploited by hackers. This critical CVE-2023-28252 exploit lets attackers elevate their privilege, stealing access credentials from the SAM database. Cybercriminals are increasingly sophisticated with their use of zero-day attacks, so it's essential to install the free patch from Microsoft and protect with additional methods like EDR solutions. Stay safe and secure online with regular security updates.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?