A three-month-old artificial intelligence (AI) startup’s eye-popping $1 billion funding round could signal a shift in how the technology affects commerce. Safe Superintelligence (SSI), co-founded by former OpenAI chief scientist Ilya Sutskever, has secured this massive investment with only 10 employees. The company, launched in...
As artificial intelligence (AI) promises to remake drug discovery, recent clinical trial results reveal its potential and challenges. Recursion Pharmaceuticals, a self-described “clinical stage TechBio company,” recently announced results from its Phase 2 SYCAMORE trial for REC-994, a drug candidate targeting cerebral cavernous malformation (CCM),...
OpenAI executives are reportedly considering subscription prices as high as $2,000 per month for the company’s upcoming large language models (LLMs) like Strawberry and Orion. The executives have discussed higher prices in early internal talks regarding these LLMs, Reuters reported Thursday (Sept. 5), citing a...
Google’s virtual try-on tool now lets shoppers see how they’d look in dresses. The tech giant on Thursday (Sept. 5) announced it is expanding the artificial intelligence (AI)-powered offering to cover dresses, one of its most-searched apparel categories. “This feature is made possible thanks to a generative...
Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create novel solutions and streamline processes, is reshaping how carmakers approach R&D and interact with consumers. A PYMNTS Intelligence report, “How...
Artificial intelligence (AI) software company C3.AI reported better-than-expected quarterly results and highlighted surging demand for enterprise AI applications as businesses and government agencies rush to adopt the transformative technology. The Redwood City, California, company said revenue grew 21% year over year to $87.2 million in...
TurboTax maker Intuit has released “major” updates to its generative artificial intelligence (AI) operating system, GenOS. The system now includes GenOS AI Workbench, a “dedicated development environment for end-to-end application development,” along with enhancements to GenStudio, GenRuntime, and GenUX components, the company said Wednesday (Sept....
OpenAI reportedly plans to bring together global investors to spend tens of billions of dollars on artificial intelligence (AI) infrastructure in the United States. The planned projects include data centers, turbines and generators, and semiconductor manufacturing, Bloomberg reported Wednesday (Sept. 4), citing unnamed sources. The scope...
Technology giants are racing to develop sophisticated, multilingual artificial intelligence (AI) chatbots for cross-border eCommerce and could reshape how businesses engage with international customers. Google’s recent expansion of its Gemini AI in India exemplifies the industry’s focus on multilingual capabilities. It’s one of many companies...
