Artificial Intelligence

In a recent Bloomberg interview, JPMorgan CEO Jamie Dimon unveiled his AI-driven vision for the financial industry. Dimon expressed his belief that AI has the potential to revolutionise every aspect of JPMorgan’s operations, from trading and hedging to research and error detection. He described AI as a “living, breathing thing,” capable of transforming traditional processes... Read more » The post JPMorgan CEO: AI will be used for ‘every single process’ appeared first on AI News.

In an era where digital data proliferates at an unprecedented pace, finding the right information amidst the digital deluge is akin to navigating a complex maze. Traditional enterprise search engines, while powerful, often inundate us with a barrage of results, making it challenging to discern the relevant from the irrelevant. However, amidst this vast expanse... Read more » The post How information retrieval is being revolutionised with RAG technology appeared first on AI News.

In a packed session at Cyber Security & Cloud Expo Europe, Raviv Raz, Cloud Security Manager at ING, turned the spotlight away from traditional security threats and delved into the world of AI-powered cybercrime. Raz shared insights from his extensive career, including his tenure as technical director for a web application firewall company. This role... Read more » The post Cyber Security & Cloud Expo: The alarming potential of AI-powered cybercrime appeared first on AI News.

AI News caught up with Hema Thanki, EMEA Senior Product Marketing Manager for Twilio Segment, to discuss how the company is using AI to transform customer engagement and personalisation. AI is fundamentally reshaping customer engagement and personalisation by enabling businesses to deliver tailored experiences and responses to individual customer preferences on a large scale. During... Read more » The post Twilio Segment: Transforming customer experiences with AI appeared first on AI News.

Amazon has announced an investment of up to $4 billion into Anthropic, an emerging AI startup renowned for its innovative Claude chatbot. Anthropic was founded by siblings Dario and Daniela Amodei, who were previously associated with OpenAI. This latest investment signifies Amazon’s strategic move to bolster its presence in the ever-intensifying AI arena. “We are... Read more » The post Amazon invests $4B in Anthropic to boost AI capabilities appeared first on AI News.

In a stark address to the UN, UK Deputy PM Oliver Dowden has sounded the alarm on the potentially destabilising impact of AI on the world order. Dowden has urged governments to take immediate action to regulate AI development, warning that the rapid pace of advancement in AI technology could outstrip their ability to ensure... Read more » The post UK deputy PM warns UN that AI regulation is falling behind advances appeared first on AI News.

OpenAI has announced DALL-E 3, the third iteration of its acclaimed text-to-image model.  DALL-E 3 promises significant enhancements over its predecessors and introduces seamless integration with ChatGPT. One of the standout features of DALL-E 3 is its ability to better understand and interpret user intentions when confronted with detailed and lengthy prompts: "A middle-aged woman... Read more » The post OpenAI reveals DALL-E 3 text-to-image model appeared first on AI News.

In a world where sensational headlines about AI and autonomous robots dominate the media landscape, a new report sheds light on a different narrative. The research, funded by the Nuffield Foundation, explores the nuanced impacts of AI adoption on jobs and work quality. Contrary to the doomsday predictions, the report suggests that AI could have... Read more » The post IFOW: AI can have a positive impact on jobs appeared first on AI News.

The Competition and Markets Authority (CMA) has set out its principles to ensure the responsible development and use of foundation models (FMs). FMs are versatile AI systems with the potential to revolutionise various sectors, from information access to healthcare. The CMA’s report, published today, outlines a set of guiding principles aimed at safeguarding consumer protection... Read more » The post CMA sets out principles for responsible AI development  appeared first on AI News.

Europe is tinkering with legislation to regulate artificial intelligence. European regulators are delighted with this, but what does the world say about the AI Act? Now the outlines for the AI Act are known, a debate is beginning to erupt around its possible implications. One camp believes regulations are needed to curb the risks of powerful AI... Read more » The post Is Europe killing itself financially with the AI Act? appeared first on AI News.