Tag: Covid19

Need to research court cases for your legal practice? Take care to verify accuracy: a New York lawyer was recently ordered to a court hearing for submitting a 10-page brief with references that included fabricated court cases generated by AI-powered ChatGPT.

Qantas, Australia's leading airline, is set to make a record-breaking profit of up to $2.5 billion due to its successful cost-cutting strategies, but the Transport Workers Union has demanded it pay back the $2.7 billion in government COVID-19 assistance. Current CEO Alan Joyce has overseen numerous strategic changes to ensure the company's financial stability, including taking advantage of AI tech advances from major players such as Amazon. Established in 1920, the airline operates in 44 countries and is a founding member of the oneworld alliance.

Founded by Bernt Bornich and funded by OpenAI, 1X is revolutionizing everyday life with their humanoid robots, EVE. Now, these robots can take on roles previously done by humans such as security, bartending, and elderly care in a way that can avoid labor shortages. EVE has successfully been deployed since April and OpenAI's $23.5 million invested is making a world of AI robots possible.

Recently, controversy has erupted due to Ernie Bot, a Chinese AI-based chatbot built to mimic OpenAI's ChatGPT functioning. Ernie Bot has been criticized for shunning away from sensitive topics related to the COVID-19 pandemic and Chinese President Xi Jinping to inquiries. In wake of the virus' origin, the chatbot failed to mention the possibility of laboratory leak or it being originated in China. Further, it kept mum to queries for President Xi’s potential lifetime rule and declining to comment on China's lifted "zero-COVID" policy. It has raised apprehensions about the regulations on AI chatbots.

This week the fintech sector saw huge investments from the emerging startups such as Wefox, Obie, Bolttech, and Figorr. Highlighting the potential of finance technology, news follows turbulent situation of Newchip tech accelerator which faced challenges from inside its doors. This case emphasizes importance of research before making any investment in fintech space. Various actions taken by Step, ZestMoney, EasyKnock, Revolut, Stripe, Axis, and Public also shows the dynamism of finance technology industry.