EU Lawmakers Struggle to Finalise Law to Regulate ChatGPT and Generative AI

As recently as February, generative AI did not feature prominently in EU lawmakers’ plans for regulating generative artificial intelligence (AI) technologies such as ChatGPT. The bloc’s 108-page proposal for the AI Act, published two years earlier, included only one mention of the word “chatbot.” References to AI-generated content largely referred to deepfakes: images or audio … Read more

EU Lawmakers Committee Reaches Preliminary Deal on Artificial Intelligence Act

A committee of European Union lawmakers on Thursday reached a preliminary agreement on a European Artificial Intelligence Act, which would pave the way to the first ever regulation of AI. “Against conservative wishes for more surveillance and leftist fantasies of over-regulation, parliament found a solid compromise that would regulate AI proportionately, protect citizens’ rights, as … Read more

Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings

Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. San Francisco, California-based Dropbox is the latest tech company to tap AI as Big Tech players from Microsoft to Facebook-parent Meta Platforms battle for a … Read more

UK Regulator Blocks Microsoft’s $69 Billion Takeover of Activision Blizzard Over Cloud Gaming Concerns

Britain will block Microsoft’s $69 billion (roughly Rs.5,64,000 crore) acquisition of Call of Duty maker Activision Blizzard over its concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country’s antitrust regulator said on Wednesday that Microsoft’s commitment to offer access to Activision’s multi-billion dollar Call of … Read more

OpenAI Rolls Out Incognito Mode on ChatGPT That Does Not Save Users’ Conversation History

OpenAI is introducing what one employee called an “incognito mode” for its hit chatbot ChatGPT that does not save users’ conversation history or use it to improve its artificial intelligence, the company said Tuesday. The San Francisco-based startup also said it planned a “ChatGPT Business” subscription with additional data controls. The move comes as scrutiny … Read more

Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver

A quarter into record layoffs, investors in US tech giants will scrutinize if the cost cuts boosted profits to their satisfaction, while the companies emphasize how artificial intelligence will be their next growth driver. Microsoft, Google parent Alphabet, Instagram owner Meta Platforms, and all report quarterly results in this week. Together, they command more than $5 trillion … Read more

ChatGPT Performs Worse Than Students at Accounting Exams, Struggles With Mathematical Process

Researchers found students to have fared better at accounting exams than ChatGPT, OpenAI’s chatbot product. Despite this, they said that ChatGPT’s performance was “impressive” and that it was a “game changer that will change the way everyone teaches and learns – for the better.” The researchers from Brigham Young University (BYU), US, and 186 other … Read more

Google Bard Now Helps Write Software Codes in 20 Programming Languages

Alphabet’s Google said on Friday it will update Bard, its generative artificial intelligence (AI) chatbot, to help people write code to develop software, as the tech giant plays catch-up in a fast-moving race on AI technology. Last month, the company started the public release of Bard to gain ground on Microsoft. The release of ChatGPT, … Read more

SAP Plans to Use OpenAI’s Chatbot ChatGPT Amid Growth in Quarterly Revenue

Business software maker SAP on Friday reported first-quarter revenue above analysts’ expectations, backed by growth in its cloud business but lowered its outlook for the year due to the divestment of its Qualtrics unit. SAP, which in January announced plans to cut 3,000 jobs as it looked to cut costs, foresees no more restructuring this … Read more

Elon Musk Threatens Lawsuit After Microsoft Removes Twitter From Ad Platform

Twitter chief Elon Musk has threatened to sue Microsoft after the technology giant announced plans to drop his social media company from its advertising platform. “They trained illegally using Twitter data. Lawsuit time,” Musk tweeted. The tech giant earlier in a notice said that its advertising platform “will no longer support Twitter” from April 25. … Read more