Tag: Regulators

Ex-Google CEO Eric Schmidt spoke out on the dangers of emerging AI technology, citing it as an "existential threat" and leading tech figures Elon Musk joined the call for monitored and regulated development. Discover the steps that must be taken to ensure AI is used responsibly for a brighter future.

. In this groundbreaking study, the University of Florida researchers have discovered the potential of using AI to predict stock market returns using sentiment analysis of news headlines. With the ChatGPT language model outperforming traditional methods, this has the potential to revolutionize the way financial institutions approach investing. Get the inside scoop on the applications of AI in the financial world, and the possible impacts it can have on markets.

Elon Musk, tech billionaire and former co-founder of OpenAI, is reportedly entering the race for artificial intelligence (AI). He is allegedly building a startup to compete with the chatbot builder OpenAI, contacting AI experts and investors for the same. This comes in the wake of an open letter, signed by tech executives and AI researchers, including Elon Musk, warning against the potential risks of widely used AI systems. Amid reports of Musk obtaining thousands of graphics processing units from Nvidia, the stock prices rose on Friday. State filings additionally revealed that Elon Musk is the sole director at the recently founded Nevada-based AI startup X.AI.

. The European Data Protection Board (EDPB) has created a dedicated task force to investigate OpenAI's ChatGPT chatbot over privacy compliance concerns. Data protection authorities from around Europe have reported issues with the chatbot's GDPR-compliant status. OpenAI's CEO Sam Altman has pledged to back Italian government's decision to temporarily ban the service. The Spanish Agency for Data Protection is also leading its own enquiry. French Digital Minister Jean-Noël Barrot is at odds with the decision. OpenAI is an AI research lab advised by leading academics and industry experts, whose mission is to "solve safe artificial general intelligence and ensure the benefits are as widely and evenly distributed as possible."