Tag: Europe

Discover ChatGPT, the revolutionary platform from OpenAI that has disrupted the AI sector with its automated content-creation. See why tech behemoths and investors around the globe have poured millions into its development, with the sector experiencing a major boom since its launch last November. From Elon Musk's imminent rival product to LEAM & Alef Alpha attempting to bridge the gap, explore the potentials & risks created by advancements in AI.

Artificial intelligence (AI) is now widely used to create texts, codes, music, videos and photos, prompting questions about its uncontrollable use and the potential risk of job loss. OpenAI's ChatGPT is a revolutionary platform taking the AI industry by storm with numerous tech giants jumping on the AI investment wagon. Corporations are quickly recognizing the value of generative AI, now integrated into existing tools, making it easily accessible. Total AI investments have skyrocketed, with 350,000 public projects and 140,000 patents filed in 2021. The challenge lies in regulating AI, with the US and Europe respectively lagging and preparing their own policy frameworks.

Reddit, the American social-media platform, is expanding its European presence with the opening of its first regional sales hub in Amsterdam. Teams focusing on sales and engineering already house 50 employees, which plan to double in the next 3 years. The hub will connect EMEA markets, help advertisers reach their goals, and engage its 80% open-to-ads community for brands. Reddit is also providing Klarna and Back Market with new opportunities to reach digital consumers. Join the hub in Amsterdam and seize your digital future with Reddit.

Einride, a Swedish-based autonomous and electric trucking company, is expanding its presence in the UK. Together with PepsiCo's snack-food subsidiary Walkers, Einride aims to reduce the 1.6 billion tonnes of goods transported by road freight in the UK annually by using electric trucks. Pilot runs are taking place between Leicester and Coventry, with planned extensions to other major cities in the Midlands including London. Einride has already collaborated with other notable companies such as Electrolux in Germany and GE Appliances in the US. This move marks Einride's progress in establishing a "freight mobility grid" on busy freight routes.

Michael Dell, founder of Dell Technologies, is exploring opportunities to diversify their component sourcing outside of China to avoid potential supply chain disruptions. Dell will reduce the use of ‘made in China’ chips in their electronic products by 2024, and have invested in chip production in Europe and the US. Dell's end of year figures show decreasing sales in PC, so diversifying supply chain could help increase sales.