Tag: Investment
Browse our exclusive articles!
JPMorgan Introduces ChatGPT AI Model for Predicting Market Reactions to Fed Announcements
Discover how banks and tech companies are investing in AI technology like ChatGPT and producing groundbreaking projects. See how JPMorgan Chase recently developed Hawk-Dove, an AI model to track stock market sentiment from the Federal Reserve. What are the potential implications of this technology and its use in other industries?
Reducing Expenses on Warehouses and Increasing Investment in AI and Cloud Technologies – Amazon
. Amazon, a leading e-commerce giant, is investing heavily in robust artificial intelligence and cloud technology. CFO Brian Olsavsky announced a spending decrease to invest in large language models and a personal assistant. The move saw a 10% surge in after-hours trading, and Amazon's stock rose over 25% this year. Ready to stay at the forefront of AI, Amazon is ensuring its long-term success with wise investments and a promising cloud system.
Meta Aims to Compete with ChatGPT with New AI Investment for Every App
Meta is the world's leading tech giant, investing in AI tech to keep up with likes of ChatGPT and stay on top. CEO Mark Zuckerberg is exploring “chat experiences” to enhance ads and posts in Facebook, Instagram, and WhatsApp. He is also investing $33 billion on AI tech - and recently reported a 24% increase in app users for its Reel feature. The company is also developing LLaMa, a conversational language model with 65 billion parameters.
NSA Cybersecurity Director Warns of Impending AI Revolution
At RSA Security Conference, Robert Joyce, NSA's Cybersecurity Director, highlighted the need to be prepared for the use of generative AI in security. He also discussed the risks & opportunities of using AI-enabled malware, phishing, and network security. With consistent vigilance & investment, security can be maximized.
Synthesia, Generative AI Startup, in Discussions with US Fund Accel to Secure Funding Worth $1 billion
. Synthesia is the latest AI startup to benefit from increased investments in the sector, with talks of a potential funding round from Accel that could value the company at up to $1 billion. With its platform, users can now create professional videos with realistic virtual presenters perfected in 15 minutes. Its technology has been used for major campaigns, including David Beckham's 'Malaria Must Die' that had nine languages. Such advancements have raised awareness of ethical and safety applications, leading to exclusive use of the platform.