OpenAI reportedly aims to raise “several billion dollars” in a funding round that would value at above $100 billion. The round is being led by Thrive Capital and will include participation by Microsoft, The Wall Street Journal reported Wednesday (Aug. 28), citing unnamed sources. OpenAI...
Swiss-Mile, which makes robots for logistics and other use cases, has raised $22 million in a seed funding round from investors that include Amazon Industrial Innovation Fund, Bezos Expeditions, HongShan, Armada Investment and Linear Capital. The company was incorporated in 2023 and has developed wheel-legged robots with...
Elon Musk’s endorsement of a controversial California artificial intelligence (AI) safety bill signals the legislation’s far-reaching implications for the eCommerce sector, potentially forcing companies to overhaul their AI-driven customer service and sales algorithms. On Monday (Aug. 26), the Tesla CEO threw his support behind Senate...
From the Texas Capitol to federal aviation authorities, policymakers are scrambling to address the rapid proliferation of artificial intelligence (AI) technologies. As lawmakers in the Lone Star State debate AI regulation and the Federal Aviation Administration (FAA) maps out safety protocols for AI in aviation,...
Once known primarily for gaming graphics cards, Nvidia now sits at the epicenter of the artificial intelligence revolution. As the company prepares to report its second-quarter earnings this Wednesday, all eyes are on the chipmaker that has become synonymous with the generative AI boom. The...
IBM has unveiled an upgraded computer chip that could give its customers an AI boost, potentially reshaping how some industries handle data-intensive tasks. For big businesses still relying on IBM’s powerhouse mainframe systems, the Telum II processor could mean smarter, faster operations in an increasingly...
Nvidia has introduced pretrained, customizable artificial intelligence (AI) workflows that will provide a “jump start” for enterprise developers creating AI applications using one or more AI agents. The new Nvidia NIM Agent Blueprints include sample applications, reference code, customization documentation and a Helm chart for deployment,...
Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Wells Fargo’s AI-driven estate management is boosting customer satisfaction, while Treasury Prime has partnered with Kobalt Labs to streamline bank compliance using AI. Wells Fargo Turns to AI-Driven Estate Management Wells Fargo...
A new generation of artificial intelligence (AI)-powered translation tools is dismantling language barriers and reshaping how companies communicate across borders and cultures, experts say. Unlike earlier services like Google Translate, which often produced awkward or nonsensical results, these new AI solutions leverage advanced machine learning...
