Tag: Financial Times

. 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.

. OpenAI has crafted its most ambitious AI project GPT-4, a tool which helps do complex tasks quicker and accurately but with some risks. It received feedback from 50 experts and subsequently, the company addressed its dangers. Elon Musk and AI experts requested a pause of its development. With the public launch, GPT-4 can take lawyer's bar exam and score 5s on some AP exams. Understanding and managing the associated risks are the key before its use.

The last decade has seen rapid advancements in artificial intelligence (AI) technology, which could lead to disastrous consequences if not managed & regulated properly. Ian Hogarth, an AI investor and co-founder at Songkick, warns of a "nuclear-level catastrophe" if AI is allowed to grow unchecked. Jensen Huang, the CEO of chip maker Nvidia, notes AI power has grown 1 million times over the past 10 years with AI like OpenAI's ChatGPT. Hogarth warns of the immense power of AI, also known as "God-like AI," which could challenge humans’ grip on the world. We must create guidelines to reduce the risk of chaotic and potentially catastrophic outcomes.

TNW València 2023 was a spectacular event that brought together tech leaders, entrepreneurs, investors & admirers. It showcased 300 startups, 90 exhibitors & 100 speakers, who explored the latest trends in tech. With influential speakers & IBERIA's Head of Sustainability, it was an experience of a lifetime.

Icertis is honored to be recognized with the Artificial Intelligence Excellence Award. Their pioneering Contract Intelligence (ICI) platform is transforming the way companies realize the intent of their commercial agreements using AI to quickly digitize contract data & provide visibility to finance, legal & procurement teams.