We share information about a recently developed app designed to assist foreign visitors during the 2024 Summer Olympics in Paris. Watch the report for more details. Watch to know more!

AI translation app for Paris Olympics visitors

The member nations of the European Union (EU) on Friday (Feb 2) unanimously agreed to the provisions of the bloc’s Artificial Intelligence Act, marking a significant step towards formally regulating the fast-evolving AI space. The nations reached the deal overcoming reservations from some nations, especially from France, Germany, Austria and Italy. The approval came after tedious negotiations between representatives of the Council, members of the European Parliament and European Commission officials.

<h2>What is&nbsp;EU’s Artificial Intelligence Act?</h2>

The act revolves around regulating the advanced, rapidly evolving space of Artificial Intelligence. It burdens the AI companies with obligations related to privacy, transparency and stress-testing. The act aims at banning the use of AI in certain areas, mostly on use cases considered high-risk.

However, the strict provisions have also stoked fears among observers regarding the slowing down of AI innovation in the EU nations, which could give rival firms in the US and China an edge.

With the AI Act, the EU is one of the first blocs to lay down AI regulations, even as G7 and OECD fail to reach consensus, with most of them resorting to following voluntary guidelines and codes of practice.

<h2>Apprehensions raised by Germany, France and others</h2>

Earlier, the bloc’s top economies, including Germany and France, had hinted that they could throw a spanner in the works of the AI Act. Austria had reservations regarding data protection provisions while Germany and France feared the burden of regulation could weigh down the bloc’s budding AI champions, such as France’s Mistral and Germany’s Aleph Alpha.

Watch:&nbsp;EU achieves agreement on landmark AI rules, becomes first major power to enact AI laws

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/eu-achieves-agreement-on-landmark-ai-rules-becomes-first-major-power-to-enact-ai-laws-668393/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Making things worse, even the EU parliament was debating provisions regarding facial recognition rules in the AI Act, with some hawks like MEP Svenja Hahn threatening to derail the talks.

<h2>How were the apprehensions addressed?</h2>

Thanks to the EU’s charm offensive, the concerns were addressed by announcing the creation of the EU’s Artificial Intelligence Office — a body tasked with enforcing the AI Act.

Also read:&nbsp;<a data-jsarwt="1" data-usg="AOvVaw2pYnsNK01NxuC6fhntFX3u" data-ved="2ahUKEwib6Pzhho2EAxUc-jgGHTjFD6MQxfQBKAB6BAgNEAE" href="https://www.wionews.com/technology/european-research-flags-ai-chatbots-for-providing-false-answers-particularly-on-elections-670063" jsname="YKoRaf">European research flags AI chatbots for providing false answers, particularly on elections</a>&nbsp;

The EU Commission is believed to have promised Germany, France and Austria to address all of their concerns before making formal declarations.

<h2>What next?</h2>

The act would require approval from EU parliament, and a plenary vote is expected in April. 
Some hawkish lawmakers might still try to derail the process.&nbsp;

(With inputs from agencies)

The member nations of the European Union (EU) on Friday (Feb 2) unanimously agreed to the provisions of the bloc’s Artificial Intelligence Act, marking a significant step towards formally regulating the fast-evolving AI space.

The member nations of the European Union (EU) on Friday (Feb 2) unanimously agreed to the provisions of the bloc’s Artificial Intelligence Act, marking a significant step towards formally regulating the fast-evolving AI space. The nations reached the deal overcoming reservations from some nations, especially from France, Germany, Austria and Italy. The approval came after tedious negotiations between representatives of the Council, members of the European Parliament and European Commission officials. What is EU’s Artificial Intelligence Act? The act revolves around regulating the advanced, rapidly evolving space of Artificial Intelligence. It burdens the AI companies with obligations related to privacy, transparency and stress-testing. The act aims at banning the use of AI in certain areas, mostly on use cases considered high-risk. However, the strict provisions have also stoked fears among observers regarding the slowing down of AI innovation in the EU nations, which could give rival firms in the US and China an edge. With the AI Act, the EU is one of the first blocs to lay down AI regulations, even as G7 and OECD fail to reach consensus, with most of them resorting to following voluntary guidelines and codes of practice. Apprehensions raised by Germany, France and others Earlier, the bloc’s top economies, including Germany and France, had hinted that they could throw a spanner in the works of the AI Act. Austria had reservations regarding data protection provisions while Germany and France feared the burden of regulation could weigh down the bloc’s budding AI champions, such as France’s Mistral and Germany’s Aleph Alpha. Watch: EU achieves agreement on landmark AI rules, becomes first major power to enact AI laws × Making things worse, even the EU parliament was debating provisions regarding facial recognition rules in the AI Act, with some hawks like MEP Svenja Hahn threatening to derail the talks. How were the apprehensions addressed? Thanks to the EU’s charm offensive, the concerns were addressed by announcing the creation of the EU’s Artificial Intelligence Office — a body tasked with enforcing the AI Act. Also read: European research flags AI chatbots for providing false answers, particularly on elections The EU Commission is believed to have promised Germany, France and Austria to address all of their concerns before making formal declarations. What next? The act would require approval from EU parliament, and a plenary vote is expected in April. Some hawkish lawmakers might still try to derail the process. (With inputs from agencies)

EU members reach landmark deal on Artificial Intelligence Act even as Paris, Berlin remain skeptical

Sachin Tendulkar has called for action on a deepfake video that went viral on social media. The video shows Tendulkar endorsing a gaming app called "Skyward Aviator Quest". In the 30-second ad, Tendulkar can be heard speaking in Hindi.

Deepfake bill: US proposes bill to tackle Deepfake, AI images prompt US to create bill

Microsoft corporation has reported December quarter earnings that surpassed expectations. While the stock market's initial response may be lackluster, the tech giant's robust performance gives us a glimpse into the ongoing artificial intelligence boom.

AI makes a big impact on Microsoft's business

AI-related companies witnessed a loss of $190 billion in market capitalisation late on Tuesday, triggered by disappointing quarterly reports from tech giants Microsoft and Alphabet. <o:p></o:p>

According to Reuters, the selloff highlighted the heightened expectations among investors following a recent AI-fuelled stock market surge, which had propelled these companies' shares to record highs, banking on the widespread integration of AI technology across various corporate sectors.<o:p></o:p>

Alphabet, the parent company of Google, bore the brunt of the market downturn as its shares plummeted by 5.6 per cent. The disappointing December-quarter ad revenue, falling short of expectations, was a major factor in this decline. <o:p></o:p>

Additionally, Alphabet announced a significant increase in spending on data centres to bolster its AI initiatives, shedding light on the intense competition it faces against AI rival Microsoft. <o:p></o:p>

Despite a slight beat in Google Cloud revenue growth, fuelled by AI interest, Microsoft's Azure outpaced its competitor. Investors reacted swiftly to these revelations, causing Alphabet's stock to take a hit.<o:p></o:p>

Reuters cited an analyst, who said, "The sell-off reflects the market's realisation that achieving success in the highly competitive AI landscape comes at a substantial cost." <o:p></o:p>

Microsoft, despite beating analyst estimates for quarterly revenue, experienced a 0.7 per cent drop in its stock after reaching an intra-day record high earlier in the day.<o:p></o:p>

Microsoft's optimism about AI had propelled its market value above $3 trillion this month, surpassing tech giant Apple. The company's success was attributed to the incorporation of new AI features that attracted customers to its cloud and Windows services. <o:p></o:p>

However, the dip in its stock after the quarterly report suggests that even the tech giant is not immune to the volatile nature of the AI market. Investors are now closely watching how these companies navigate the challenges and capitalise on the promises of AI.<o:p></o:p>

The plunge extended beyond Alphabet and Microsoft, affecting chipmaker Advanced Micro Devices (AMD), which witnessed a 6 per cent decline in its stock value. Despite projecting robust sales for its AI processors, the company's forecast for first-quarter revenue fell short of estimates. <o:p></o:p>

Similarly, Nvidia, whose shares had surged 27 per cent in January on the back of AI optimism, experienced a 2 per cent decline in extended trade. Super Micro Computer, a server maker benefiting from AI-related demand, also suffered, dropping over 3 per cent after reaching a record high on the back of blowout quarterly results the day before.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

AI-related companies witnessed a loss of $190 billion in market capitalisation late on Tuesday, triggered by disappointing quarterly reports from tech giants Microsoft and Alphabet.

AI-related companies witnessed a loss of $190 billion in market capitalisation late on Tuesday, triggered by disappointing quarterly reports from tech giants Microsoft and Alphabet. According to Reuters, the selloff highlighted the heightened expectations among investors following a recent AI-fuelled stock market surge, which had propelled these companies' shares to record highs, banking on the widespread integration of AI technology across various corporate sectors. Alphabet, the parent company of Google, bore the brunt of the market downturn as its shares plummeted by 5.6 per cent. The disappointing December-quarter ad revenue, falling short of expectations, was a major factor in this decline. Additionally, Alphabet announced a significant increase in spending on data centres to bolster its AI initiatives, shedding light on the intense competition it faces against AI rival Microsoft. Despite a slight beat in Google Cloud revenue growth, fuelled by AI interest, Microsoft's Azure outpaced its competitor. Investors reacted swiftly to these revelations, causing Alphabet's stock to take a hit. Reuters cited an analyst, who said, "The sell-off reflects the market's realisation that achieving success in the highly competitive AI landscape comes at a substantial cost." Microsoft, despite beating analyst estimates for quarterly revenue, experienced a 0.7 per cent drop in its stock after reaching an intra-day record high earlier in the day. Microsoft's optimism about AI had propelled its market value above $3 trillion this month, surpassing tech giant Apple. The company's success was attributed to the incorporation of new AI features that attracted customers to its cloud and Windows services. However, the dip in its stock after the quarterly report suggests that even the tech giant is not immune to the volatile nature of the AI market. Investors are now closely watching how these companies navigate the challenges and capitalise on the promises of AI. The plunge extended beyond Alphabet and Microsoft, affecting chipmaker Advanced Micro Devices (AMD), which witnessed a 6 per cent decline in its stock value. Despite projecting robust sales for its AI processors, the company's forecast for first-quarter revenue fell short of estimates. Similarly, Nvidia, whose shares had surged 27 per cent in January on the back of AI optimism, experienced a 2 per cent decline in extended trade. Super Micro Computer, a server maker benefiting from AI-related demand, also suffered, dropping over 3 per cent after reaching a record high on the back of blowout quarterly results the day before. (With inputs from Reuters)

AI Market Plunge: Alphabet and Microsoft earnings jolt investors, wipe out $190 billion

Researchers at the University of Cambridge have developed a robotic sensor that reads braille at twice the speed of humans. Through advanced machine learning algorithms, the robotic sensor glides over braille text, achieving reading speeds of approximately 315 words per minute with close to 90 per cent accuracy.&nbsp;

<h2>What does it mean?</h2>

The feat marks a significant advancement in the realms of tactile sensing and robotic dexterity.

While the primary focus of the robot's development was not to assist visually impaired individuals in reading, its success in high-speed braille reading highlights the potential for advancements in robotic sensitivity.&nbsp;

Braille, with its demand for heightened tactile sensitivity, serves as an exemplary test case for the development of robotic hands or prosthetics that can emulate the sensitivity of human fingertips.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/art-for-all-keeping-paper-mache-alive-in-india-through-braille-381164">Art for all: Keeping 'paper mache' alive in India through braille</a>

Professor Fumiya Iida's lab at Cambridge's Department of Engineering spearheaded this&nbsp;research.&nbsp;

The study's first author, Parth Potdar, stressed on&nbsp;the importance of softness in human fingertips for gripping objects with the right amount of pressure.&nbsp;

However replicating this quality in a robotic hand presents a significant engineering challenge, particularly when dealing with flexible or deformable surfaces.

<h2>Why braille was chosen as testing ground?&nbsp;</h2>

The researchers chose braille as a testing ground due to its requirement for high tactile sensitivity.&nbsp;

Unlike traditional robotic braille readers that operate letter by letter, the Cambridge team developed a more efficient and realistic reading method.

Their robotic sensor, equipped with a camera in its "fingertip", combines visual and sensory information to read braille.

Also watch |&nbsp;Blind students in Malaysia learn the Quran using Braille

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/blind-students-in-malaysia-learn-the-quran-using-braille-3684/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

The team also trained their machine learning algorithm with blurred images of braille, thus enhancing the system's character recognition.

This innovation goes beyond braille reading, with broader implications for robotic applications requiring tactile sensing, such as texture detection or slip prevention during object manipulation.

The findings have been published in the journal IEEE Robotics and Automation Letters.

Researchers at the University of Cambridge have developed a robotic sensor that reads braille at twice the speed of humans. Through advanced machine learning algorithms, the robotic sensor glides over braille text, achieving reading speeds of approximately 315 words per minute with close to 90 per cent accuracy.

Researchers at the University of Cambridge have developed a robotic sensor that reads braille at twice the speed of humans. Through advanced machine learning algorithms, the robotic sensor glides over braille text, achieving reading speeds of approximately 315 words per minute with close to 90 per cent accuracy. What does it mean? The feat marks a significant advancement in the realms of tactile sensing and robotic dexterity. While the primary focus of the robot's development was not to assist visually impaired individuals in reading, its success in high-speed braille reading highlights the potential for advancements in robotic sensitivity. Braille, with its demand for heightened tactile sensitivity, serves as an exemplary test case for the development of robotic hands or prosthetics that can emulate the sensitivity of human fingertips. Also read | Art for all: Keeping 'paper mache' alive in India through braille Professor Fumiya Iida's lab at Cambridge's Department of Engineering spearheaded this research. The study's first author, Parth Potdar, stressed on the importance of softness in human fingertips for gripping objects with the right amount of pressure. However replicating this quality in a robotic hand presents a significant engineering challenge, particularly when dealing with flexible or deformable surfaces. Why braille was chosen as testing ground? The researchers chose braille as a testing ground due to its requirement for high tactile sensitivity. Unlike traditional robotic braille readers that operate letter by letter, the Cambridge team developed a more efficient and realistic reading method. Their robotic sensor, equipped with a camera in its "fingertip", combines visual and sensory information to read braille. Also watch | Blind students in Malaysia learn the Quran using Braille × The team also trained their machine learning algorithm with blurred images of braille, thus enhancing the system's character recognition. This innovation goes beyond braille reading, with broader implications for robotic applications requiring tactile sensing, such as texture detection or slip prevention during object manipulation. The findings have been published in the journal IEEE Robotics and Automation Letters.

Scientists create AI-powered robot that reads braille at breakneck speed

The race for supremacy is intensifying, China is striving to catch up with the US in AI development. Watch the video to know more.

The global AI race for supremacy: China betting on Artificial Intelligence

AI helps with ovarian cancer detection. Test finds AI can detect ovarian cancer with 93% accuracy. A US study revealed that ovarian cancer an asymptomatic 'silent killer.' The study says AI could improve cancer diagnosis. Watch to know more!

AI can help patients fight cancer with precise detection: Study

Tesla is planning to build new electric vehicles. There is a new mobile game that is empowering girls in India. The week gone by was buzzing with a lot of exciting tech developments. And we bring you the most interesting ones in our tech wrap.

North Korea's AI development raises concerns

The entire internet erupted with anger after doctored pictures of Taylor Swift started circulating on different social media platforms. Earlier this week, Swift's pornographic images showing the singer in a very objectionable position during a Kansas City Chiefs game went viral, which triggered a massive backlash. 
 
Presumably, to&nbsp;prevent people from searching for Taylor's images, it seems like X (formally Twitter) has taken a few steps. Amidst all this, a few changes have been made to the micro-blogging site and one change&nbsp;that netizens have found out is that they are&nbsp;not&nbsp;able to search Taylor Swift on the platform.&nbsp;

<a href="https://www.wionews.com/entertainment/sag-aftra-calls-taylor-swift-sexually-explicit-ai-photos-harmful-says-must-be-made-illegal-684166">SAG-AFTRA calls Taylor Swift's explicit AI photos 'harmful', says ''must be made illegal’</a> 
 
If you search for Taylor Swift after the explicit photos went viral, you will get an error message. The message that appears on the screen reads, “Something went wrong, but don’t fret – it’s not your fault.”&nbsp; 
 
<img alt="taylor" data-entity-type="file" data-entity-uuid="1e28c19e-336d-4290-9290-2d7f0d976edd" src="//cdn.wionews.com/sites/default/files/inline-images/happy%2030th%20birthday%20%2818%29.png" /> 
 
However, when you search for words like 'Taylor', 'Swift', 'Taylor and Swift,' the result appears in the normal way.&nbsp; 
 
The change has been made after several fake AI-generated images of Taylor went viral. As per the Daily Mail, the sexualised images of Taylor were created by a website known as Celeb Jihad, a deepfake porn site that has shared several faked photos of the A-listers.

<a href="https://www.wionews.com/entertainment/fan-breaks-guinness-world-record-for-identifying-most-taylor-swift-songs-in-a-minute-684319">Fan breaks Guinness World Record for identifying most Taylor Swift songs in a minute</a> 
 
Soon after the images went viral, many netizens took action and started urging social media users to report the images, as they demanded legal action for this heinous act. 
 
Taylor Swift has not yet reacted to the matter. However, a source told the Daily Mail that Swift is “furious” over her nude AI-generated images.&nbsp; 
 
“Whether or not legal action will be taken is being decided but there is one thing that is clear: these fake AI generated images are abusive, offensive, exploitative and done without Taylor’s consent and/or knowledge,” a source told the Daily Mail. 
 
SAG-AFTRA on Taylor Swift's explicit AI photos 
 
On Friday, SAG-AFTRA (Screen Actors Guild-American Federation of Television and Radio Artists) called &nbsp;Swift's pornographic AI photos 'harmful'. 
 
In the statement released, the union representing Hollywood actors said, “The development and dissemination of fake images — especially those of a lewd nature — without someone’s consent must be made illegal.” 
 
“As a society, we have it in our power to control these technologies, but we must act now before it is too late,”&nbsp;the union said.

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/taylor-swifts-ai-pictures-spark-fury-684009/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The entire internet erupted with anger after doctored pictures of Taylor Swift started circulating on different social media platforms. Earlier this week, Swift's pornographic images showing the singer in a very objectionable position during a Kansas City Chiefs game went viral, which triggered a massive backlash.

The entire internet erupted with anger after doctored pictures of Taylor Swift started circulating on different social media platforms. Earlier this week, Swift's pornographic images showing the singer in a very objectionable position during a Kansas City Chiefs game went viral, which triggered a massive backlash. Presumably, to prevent people from searching for Taylor's images, it seems like X (formally Twitter) has taken a few steps. Amidst all this, a few changes have been made to the micro-blogging site and one change that netizens have found out is that they are not able to search Taylor Swift on the platform. SAG-AFTRA calls Taylor Swift's explicit AI photos 'harmful', says ''must be made illegal’ If you search for Taylor Swift after the explicit photos went viral, you will get an error message. The message that appears on the screen reads, “Something went wrong, but don’t fret – it’s not your fault.” However, when you search for words like 'Taylor', 'Swift', 'Taylor and Swift,' the result appears in the normal way. The change has been made after several fake AI-generated images of Taylor went viral. As per the Daily Mail, the sexualised images of Taylor were created by a website known as Celeb Jihad, a deepfake porn site that has shared several faked photos of the A-listers. Fan breaks Guinness World Record for identifying most Taylor Swift songs in a minute Soon after the images went viral, many netizens took action and started urging social media users to report the images, as they demanded legal action for this heinous act. Taylor Swift has not yet reacted to the matter. However, a source told the Daily Mail that Swift is “furious” over her nude AI-generated images. “Whether or not legal action will be taken is being decided but there is one thing that is clear: these fake AI generated images are abusive, offensive, exploitative and done without Taylor’s consent and/or knowledge,” a source told the Daily Mail. SAG-AFTRA on Taylor Swift's explicit AI photos On Friday, SAG-AFTRA (Screen Actors Guild-American Federation of Television and Radio Artists) called Swift's pornographic AI photos 'harmful'. In the statement released, the union representing Hollywood actors said, “The development and dissemination of fake images — especially those of a lewd nature — without someone’s consent must be made illegal.” “As a society, we have it in our power to control these technologies, but we must act now before it is too late,” the union said.

'Don’t fret – it’s not your fault': Users getting error message on X when searching for Taylor Swift

Taylor Swift is the latest celebrity to fall victim to the dangers of artificial intelligence. Multiple sexually inappropriate and offensive images of Taylor Swift generated via artificial intelligence are doing the rounds on X formerly known as Twitter. They have since been removed for violating the social media platform's rules.

Taylor Swift's AI pictures spark fury

The dangers of Deepfake: Rise of deepfake celebrity ads on YouTube

Artificial intelligence will make it difficult to spot whether emails are genuine or sent by scammers and malicious actors, including messages that ask computer users to reset their passwords, the UK’s cybersecurity agency has warned.

Report: AI will make scam emails look genuine

Microsoft achieved a historic milestone on Wednesday. The company crossed the $3 trillion market valuation threshold, briefly overshadowing apple. This historic surge is driven by unwavering investor optimism over artificial intelligence.

Microsoft hits $3 trillion market value, close to Apple

The rapid development of novel Artificial Intelligence (AI) tools will lead to an increase in cyberattacks and lower the barrier of entry for less sophisticated hackers to do digital harm, Britain’s GCHQ spy agency warned on Wednesday.

That lower entry barrier will also likely contribute to the global rise in ransomware attacks, whereby criminals encrypt computer systems for a digital ransom, the National Cyber Security Centre (NCSC), which is part of GCHQ, said in a report.

“AI will almost certainly increase the volume and heighten the impact of cyberattacks over the next two years. However, the impact on the cyber threat will be uneven,” the report said.

It suggested the biggest increase in capability for malicious actors in cyberspace would go to opportunistic hackers who do not necessarily possess the skills needed to carry out higher-level attacks.

At the very least, the report said, the use of generative AI tools like chatbots can help create more convincing emails or documents used in online phishing campaigns.

On an advanced level, more capable state-backed hackers were “best placed to harness AI’s potential in advanced cyber operations against networks, for example use in advanced malware generation”, said the report, referring to malicious software and computer viruses.

Intelligence agencies across the world are grappling with the rise of potential security problems tied to algorithms that can generate human-sounding interactions - dubbed large language models, or LLMs, such as OpenAI’s ChatGPT, which businesses are incorporating into a wide range of services, including sales and customer care.

The security implications of AI are still coming into focus. Authorities in Britain, the U.S. and Canada have said they have seen hackers embrace the technology.

The rapid development of novel Artificial Intelligence (AI) tools will lead to an increase in cyberattacks and lower the barrier of entry for less sophisticated hackers to do digital harm, Britain’s GCHQ spy agency warned on Wednesday.

The rapid development of novel Artificial Intelligence (AI) tools will lead to an increase in cyberattacks and lower the barrier of entry for less sophisticated hackers to do digital harm, Britain’s GCHQ spy agency warned on Wednesday. That lower entry barrier will also likely contribute to the global rise in ransomware attacks, whereby criminals encrypt computer systems for a digital ransom, the National Cyber Security Centre (NCSC), which is part of GCHQ, said in a report. “AI will almost certainly increase the volume and heighten the impact of cyberattacks over the next two years. However, the impact on the cyber threat will be uneven,” the report said. It suggested the biggest increase in capability for malicious actors in cyberspace would go to opportunistic hackers who do not necessarily possess the skills needed to carry out higher-level attacks. At the very least, the report said, the use of generative AI tools like chatbots can help create more convincing emails or documents used in online phishing campaigns. On an advanced level, more capable state-backed hackers were “best placed to harness AI’s potential in advanced cyber operations against networks, for example use in advanced malware generation”, said the report, referring to malicious software and computer viruses. Intelligence agencies across the world are grappling with the rise of potential security problems tied to algorithms that can generate human-sounding interactions - dubbed large language models, or LLMs, such as OpenAI’s ChatGPT, which businesses are incorporating into a wide range of services, including sales and customer care. The security implications of AI are still coming into focus. Authorities in Britain, the U.S. and Canada have said they have seen hackers embrace the technology.

Rise of Artificial Intelligence will lead to increase in cyberattacks, warns Britain’s GCHQ

A dead body of a young man was discovered in Delhi. The Delhi police identified him using artificial intelligence and also caught those involved in murders.

Gravitas: Delhi Police use AI to solve a murder mystery

CEOs worldwide planning to invest in gen-AI | Watch the video to know more.

CEOs worldwide planning to invest in gen-AI

Essel group chairman Dr Subhash Chandra has launched a new app that lets you become a news creator. The app, which is seen as a revolution in the news and digital space, focuses on hyperlocal news and uses AI to deal with fake news.

PINEWZ: An AI-powered news app

In a world where lines between reality and artificial intelligence are increasingly blurred, parents are concerned about unrealistic beauty standards being set and their impact on young minds.

AI influencers promote wrong beauty standards, parents urge TikTok to label AI content

Artificial Intelligence, as of now, is not capable of replacing humans in most of the jobs in a cost-efficient manner, a new study conducted by the Massachusetts Institute of Technology (MIT) has found. The study emerges amidst concerns that the rapid advancement of AI can potentially impact the livelihood of millions of job-seekers across the world.

The MIT study specifically focused on those jobs where computer vision was employed to assess whether AI can replace humans in an economically viable manner. Computer vision is a branch of Artificial Intelligence (AI) used for deriving meaningful information from digital images and other visual inputs, with its most ubiquitous applications observed in object detection systems for autonomous driving or in helping categorise photos on smartphones.&nbsp;

<h2>Only 23% of workers can be replaced: Study</h2>

The study revealed only 23 per cent of workers can be replaced by AI in a cost-effective manner, if measured in terms of dollar wages. AI-powered virtual recognition devices and systems are so expensive to install and maintain that humans might end up doing the job more economically.

Watch:&nbsp;Challenges &amp; opportunities in the retail renaissance with Gen AI

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/challenges-opportunities-in-the-retail-renaissance-with-gen-ai-681776/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

“‘Machines will steal our jobs’ is a sentiment frequently expressed during times of rapid technological change. Such anxiety has re-emerged with the creation of large language models,” the researchers from MIT said in their 45-page paper titled ‘Beyond AI Exposure’. “We find that only 23% of worker compensation ‘exposed’ to AI computer vision would be cost-effective for firms to automate because of the large upfront costs of AI systems,” they concluded.

<h2>Sectors where the application of AI is economical</h2>

Computer vision's cost-benefit ratio shines brightest in sectors such as retail, transportation, and warehousing, notably dominated by Walmart Inc. and Amazon.com Inc. The potential extends to healthcare, according to MIT's paper. The authors suggest a more assertive AI deployment, especially through AI-as-a-service subscriptions, could enhance viability and broaden applications.

Also read:&nbsp;<a data-jsarwt="1" data-usg="AOvVaw138Gen--Br_SOFmz36oQ-j" data-ved="2ahUKEwjWqPzUoPODAxXYSmwGHZR6CpMQxfQBKAB6BAgHEAE" href="https://www.wionews.com/business-economy/ey-survey-unveils-gen-ai-trends-indian-retails-leap-into-the-future-682426" jsname="YKoRaf">EY survey unveils Gen AI trends: Indian retail`s leap into the future</a>

Funded by the MIT-IBM Watson AI Lab, the study, utilising online surveys, gathered data on around 1,000 visually-assisted tasks across 800 occupations. Presently, only 3 per cent of these tasks can be cost-effectively automated, but the researchers anticipate a potential increase to 40 per cent by 2030, contingent on falling data costs and improved accuracy.

<h2>IMF’s warning</h2>

The advent of advanced AI models like ChatGPT and its competitors like Google's Bard has raised concerns about massive job displacement, as these chatbots exhibit proficiency in tasks previously exclusive to humans. The International Monetary Fund cautioned last week that nearly 40 per cent of global jobs could be impacted, emphasising the need for policymakers to carefully balance AI's potential with potential negative consequences.

(With inputs from agencies)

Artificial Intelligence, as of now, is not capable of replacing humans in most of the jobs in a cost-efficient manner, a new study conducted by the Massachusetts Institute of Technology (MIT) has found.

Artificial Intelligence, as of now, is not capable of replacing humans in most of the jobs in a cost-efficient manner, a new study conducted by the Massachusetts Institute of Technology (MIT) has found. The study emerges amidst concerns that the rapid advancement of AI can potentially impact the livelihood of millions of job-seekers across the world. The MIT study specifically focused on those jobs where computer vision was employed to assess whether AI can replace humans in an economically viable manner. Computer vision is a branch of Artificial Intelligence (AI) used for deriving meaningful information from digital images and other visual inputs, with its most ubiquitous applications observed in object detection systems for autonomous driving or in helping categorise photos on smartphones. Only 23% of workers can be replaced: Study The study revealed only 23 per cent of workers can be replaced by AI in a cost-effective manner, if measured in terms of dollar wages. AI-powered virtual recognition devices and systems are so expensive to install and maintain that humans might end up doing the job more economically. Watch: Challenges & opportunities in the retail renaissance with Gen AI × “‘Machines will steal our jobs’ is a sentiment frequently expressed during times of rapid technological change. Such anxiety has re-emerged with the creation of large language models,” the researchers from MIT said in their 45-page paper titled ‘Beyond AI Exposure’. “We find that only 23% of worker compensation ‘exposed’ to AI computer vision would be cost-effective for firms to automate because of the large upfront costs of AI systems,” they concluded. Sectors where the application of AI is economical Computer vision's cost-benefit ratio shines brightest in sectors such as retail, transportation, and warehousing, notably dominated by Walmart Inc. and Amazon.com Inc. The potential extends to healthcare, according to MIT's paper. The authors suggest a more assertive AI deployment, especially through AI-as-a-service subscriptions, could enhance viability and broaden applications. Also read: EY survey unveils Gen AI trends: Indian retail`s leap into the future Funded by the MIT-IBM Watson AI Lab, the study, utilising online surveys, gathered data on around 1,000 visually-assisted tasks across 800 occupations. Presently, only 3 per cent of these tasks can be cost-effectively automated, but the researchers anticipate a potential increase to 40 per cent by 2030, contingent on falling data costs and improved accuracy. IMF’s warning The advent of advanced AI models like ChatGPT and its competitors like Google's Bard has raised concerns about massive job displacement, as these chatbots exhibit proficiency in tasks previously exclusive to humans. The International Monetary Fund cautioned last week that nearly 40 per cent of global jobs could be impacted, emphasising the need for policymakers to carefully balance AI's potential with potential negative consequences. (With inputs from agencies)

‘Too expensive,’ AI not capable of replacing humans in workplaces, study reveals

On the occasion of the much-awaited Ram Mandir consecration ceremony on Monday (Jan 22), Chairman of the Essel Group and former Rajya Sabha MP Subhash Chandra launched an artificial intelligence-driven hyperlocal news&nbsp;app called PINEWZ.&nbsp;

<h2>What is PINEWZ?</h2>

The newly launched app is set to show news updates from every village in India, said Chandra, speaking about&nbsp;<a href="https://www.pinewz.com/">PINEWZ</a>. He said that anyone nationwide can contribute to this app and become a journalist by providing hyperlocal news from their villages or towns.

WATCH |&nbsp;'In Ram Rajya, no one would hurt anyone's sentiments', says Dr. Subhash Chandra

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/in-ram-rajya-no-one-would-hurt-anyones-sentiments-says-dr-subhash-chandra-682262/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

“Crores of journalists can now become News Creators using this AI-driven news app. And users can get instant news using their PIN code,” said the Essel group chairman. He also congratulated the team for launching the app which he described as a “new revolution in the news and digital space”.&nbsp;

The app will be tailored according to the users’ location through its unique pin-code-based delivery system. Additionally, with the help of artificial intelligence (AI), the app will curate and deliver news content, ensuring a personalised and relevant user experience.

PINEWZ can also be used by professional journalists who can create their own accounts and post their stories and videos.&nbsp;

<h2>Subhash Chandra in Ayodhya</h2>

The former Rajya Sabha MP was among the 7,000 people invited from different walks of life to witness the historic Ram Mandir consecration ceremony in the north Indian city of Ayodhya on Monday (Jan 22).&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/former-rajya-sabha-mp-dr-subhash-chandra-expresses-joy-over-ram-temple-construction-682178">Former Rajya Sabha MP Dr Subhash Chandra expresses joy over Ram temple construction</a>

During his conversation with Zee News earlier this week, he recounted his visit to Ayodhya 45 years ago and expressed how when he last visited the holy city, he lamented over the absence of a temple dedicated to Lord Ram.&nbsp;

He also outlined similarities between Lord Ram’s reign and the principles of freedom and harmony in contrast to the divisive atmosphere he witnessed in the past few years.

(With inputs from agencies) 
 
Follow this link to download the app:&nbsp;https://play.google.com/store/apps/details?id=com.mai.pinewz_user&amp;pli=1

On the occasion of the much-awaited Ram Mandir consecration ceremony on Monday (Jan 22), Chairman of the Essel Group and former Rajya Sabha MP Subhash Chandra launched an artificial intelligence-driven hyperlocal news app called PINEWZ.

On the occasion of the much-awaited Ram Mandir consecration ceremony on Monday (Jan 22), Chairman of the Essel Group and former Rajya Sabha MP Subhash Chandra launched an artificial intelligence-driven hyperlocal news app called PINEWZ. What is PINEWZ? The newly launched app is set to show news updates from every village in India, said Chandra, speaking about PINEWZ. He said that anyone nationwide can contribute to this app and become a journalist by providing hyperlocal news from their villages or towns. WATCH | 'In Ram Rajya, no one would hurt anyone's sentiments', says Dr. Subhash Chandra “Crores of journalists can now become News Creators using this AI-driven news app. And users can get instant news using their PIN code,” said the Essel group chairman. He also congratulated the team for launching the app which he described as a “new revolution in the news and digital space”. The app will be tailored according to the users’ location through its unique pin-code-based delivery system. Additionally, with the help of artificial intelligence (AI), the app will curate and deliver news content, ensuring a personalised and relevant user experience. PINEWZ can also be used by professional journalists who can create their own accounts and post their stories and videos. Subhash Chandra in Ayodhya The former Rajya Sabha MP was among the 7,000 people invited from different walks of life to witness the historic Ram Mandir consecration ceremony in the north Indian city of Ayodhya on Monday (Jan 22). ALSO READ | Former Rajya Sabha MP Dr Subhash Chandra expresses joy over Ram temple construction During his conversation with Zee News earlier this week, he recounted his visit to Ayodhya 45 years ago and expressed how when he last visited the holy city, he lamented over the absence of a temple dedicated to Lord Ram. He also outlined similarities between Lord Ram’s reign and the principles of freedom and harmony in contrast to the divisive atmosphere he witnessed in the past few years. (With inputs from agencies) Follow this link to download the app: https://play.google.com/store/apps/details?id=com.mai.pinewz_user&pli=1

Essel Group chairman Subhash Chandra launches PINEWZ news app on occasion of Ram Mandir consecration

Asian markets rallied on Monday, with Japan taking the lead, propelled by the tech sector's enthusiasm for artificial intelligence (AI). The Nikkei surged to a fresh 34-year peak, up 8.3 per cent in January, fuelled by strong performances in chip stocks following Taiwan Semiconductor Manufacturing's optimistic profit outlook. <o:p></o:p>

Chipmakers, including Nvidia and Advanced Micro Devices, reaped the benefits of the AI-driven rally. As investors brace for a week packed with central bank meetings, economic data releases, and corporate earnings, attention turns to results from Intel, IBM, Tesla, Netflix, Lockheed Martin, and others. The S&amp;P 500 and Nasdaq futures in the US showed marginal gains after reaching record highs last week. (Source: Reuters)<o:p></o:p>

Amid the broader Asian rally, MSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.3 per cent, rebounding from last week's downturn influenced by weakness in China's markets. China experienced a five-year low, sparking speculation about state funds supporting stocks. Despite concerns about China's economic stability, Beijing appears hesitant to implement aggressive stimulus measures. 

The Bank of Japan, meeting on Tuesday, is expected to maintain super-easy monetary policies, supported by a second consecutive month of slowing consumer prices. Analysts anticipate the central bank's cautious stance, awaiting the outcomes of the spring wage rounds before considering any tightening measures.<o:p></o:p>

On the global stage, the European Central Bank (ECB) is set to meet on Thursday, expected to maintain its current stance amid recent hawkish commentary from top officials. While a March rate cut seems logical, the ECB's recent resistance makes a June cut more probable. Futures indicate a 76 per cent chance of a first cut in May, with 40 basis points of easing priced in by June. <o:p></o:p>

Central banks in Canada and Norway are also scheduled to meet this week, with no anticipated changes to interest rates. In the United States, market expectations for a March cut from the Federal Reserve have decreased to 49 per cent, influenced by recent hawkish rhetoric. Attention now turns to US economic growth and core inflation data, which could shape the prospects for early easing.<o:p></o:p>

Global financial markets witnessed a notable shift last week, with 10-year Treasury yields rising nearly 20 basis points to 4.13 per cent. This strengthened the dollar, reaching a five-week high against a basket of currencies. The dollar stood at 148.13 yen, having gained 2.2 per cent last week. <o:p></o:p>

The euro held steady at $1.0893. Gold, a non-yielding asset, lost appeal at $2,028 an ounce in the face of rising yields. In the oil market, concerns about global demand offset tensions in the Middle East. Brent crude dipped to $78.33 a barrel, while US crude for January eased to $73.16 per barrel, reflecting ongoing uncertainties in the energy market.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Asian markets rallied on Monday, with Japan taking the lead, propelled by the tech sector's enthusiasm for artificial intelligence (AI). The Nikkei surged to a fresh 34-year peak, up 8.

Asian markets rallied on Monday, with Japan taking the lead, propelled by the tech sector's enthusiasm for artificial intelligence (AI). The Nikkei surged to a fresh 34-year peak, up 8.3 per cent in January, fuelled by strong performances in chip stocks following Taiwan Semiconductor Manufacturing's optimistic profit outlook. Chipmakers, including Nvidia and Advanced Micro Devices, reaped the benefits of the AI-driven rally. As investors brace for a week packed with central bank meetings, economic data releases, and corporate earnings, attention turns to results from Intel, IBM, Tesla, Netflix, Lockheed Martin, and others. The S&P 500 and Nasdaq futures in the US showed marginal gains after reaching record highs last week. (Source: Reuters) Amid the broader Asian rally, MSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.3 per cent, rebounding from last week's downturn influenced by weakness in China's markets. China experienced a five-year low, sparking speculation about state funds supporting stocks. Despite concerns about China's economic stability, Beijing appears hesitant to implement aggressive stimulus measures. The Bank of Japan, meeting on Tuesday, is expected to maintain super-easy monetary policies, supported by a second consecutive month of slowing consumer prices. Analysts anticipate the central bank's cautious stance, awaiting the outcomes of the spring wage rounds before considering any tightening measures. On the global stage, the European Central Bank (ECB) is set to meet on Thursday, expected to maintain its current stance amid recent hawkish commentary from top officials. While a March rate cut seems logical, the ECB's recent resistance makes a June cut more probable. Futures indicate a 76 per cent chance of a first cut in May, with 40 basis points of easing priced in by June. Central banks in Canada and Norway are also scheduled to meet this week, with no anticipated changes to interest rates. In the United States, market expectations for a March cut from the Federal Reserve have decreased to 49 per cent, influenced by recent hawkish rhetoric. Attention now turns to US economic growth and core inflation data, which could shape the prospects for early easing. Global financial markets witnessed a notable shift last week, with 10-year Treasury yields rising nearly 20 basis points to 4.13 per cent. This strengthened the dollar, reaching a five-week high against a basket of currencies. The dollar stood at 148.13 yen, having gained 2.2 per cent last week. The euro held steady at $1.0893. Gold, a non-yielding asset, lost appeal at $2,028 an ounce in the face of rising yields. In the oil market, concerns about global demand offset tensions in the Middle East. Brent crude dipped to $78.33 a barrel, while US crude for January eased to $73.16 per barrel, reflecting ongoing uncertainties in the energy market. (With inputs from Reuters)

Japan leads Asian stocks amid AI surge; global markets await Central Bank decisions

Dynamic Parcel Distribution (DPD), a parcel service in UK had to rush for damage control after one of its frustrated customers got the company's artificial intelligence (AI) chatbot to write a poem on how bad the company's customer service is. And the chatbot wrote it.

Ashley Beauchamp, the customer, still hasn't received his parcel.

He tried asking DPD's chatbot to share the company's customer care number. After failing to get it despite everal tries, a frustrated Beauchamp asked the chatbot to tell him a joke. When the chatbot obeyed, he decided to try his luck by asking it to compose a poem about the company's bad customer service.

"There was once a chatbot named DPD, Who was useless at providing help," the bot wrote.

"DPD was a waste of time, And a customer's worst nightmare," the bot continued before concluding: "One day, DPD was finally shut down and everyone rejoiced. Finally they could get the help they needed, From a real person who knew what they were doing."

Watch | UK Court: Walkers' Poppadoms are potato chips

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/uk-court-walkers-poppadoms-are-potato-chips-681883/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Beauchamp, who is a pianist and a conductor, has posted the hilarious exchange between him and the chatbot on social media plaform X (formerly Twitter). At the time of publishing of this story, the post had garnered 1.4 million views.

"Parcel delivery firm DPD have replaced their customer service chat with an AI robot thing. It’s utterly useless at answering any queries, and when asked, it happily produced a poem about how terrible they are as a company. It also swore at me," says the post.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
Parcel delivery firm DPD have replaced their customer service chat with an AI robot thing. It’s utterly useless at answering any queries, and when asked, it happily produced a poem about how terrible they are as a company. It also swore at me. 😂 <a href="https://t.co/vjWlrIP3wn">pic.twitter.com/vjWlrIP3wn</a>
— Ashley Beauchamp (@ashbeauchamp) <a href="https://twitter.com/ashbeauchamp/status/1748034519104450874?ref_src=twsrc%5Etfw">January 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

He told ITV television that he had still not received the parcel.

"I think they might hold it hostage now. I wouldn't blame them," he said. "That's totally on me."

Also Read | <a href="https://www.wionews.com/india-news/butter-chicken-bitterness-moti-mahal-sues-daryaganj-over-invention-claim-681905">Butter Chicken bitterness: Indian restaurant sues rival chain over ‘invention’ claim</a>

DPD UK, meanwhile, said that the funny incident was a result of an error. The company said that it had used an AI element within its chat system successfully for years but the error occurred after an update.

Also Read | <a href="https://www.wionews.com/science/mars-rock-resembling-iconic-star-trek-symbol-snapped-by-nasas-curiosity-rover-680856">Mars rock resembling iconic Star Trek symbol snapped by NASA’s Curiosity rover</a>

"The AI element was immediately disabled and is currently being updated," said the company said in a statement as reported by ITV.

(With inputs from agencies)

Dynamic Parcel Distribution (DPD), a parcel service in UK had to rush for damage control after one of its frustrated customers got the company's artificial intelligence (AI) chatbot to write a poem on how bad the company's customer service is.

Dynamic Parcel Distribution (DPD), a parcel service in UK had to rush for damage control after one of its frustrated customers got the company's artificial intelligence (AI) chatbot to write a poem on how bad the company's customer service is. And the chatbot wrote it. Ashley Beauchamp, the customer, still hasn't received his parcel. He tried asking DPD's chatbot to share the company's customer care number. After failing to get it despite everal tries, a frustrated Beauchamp asked the chatbot to tell him a joke. When the chatbot obeyed, he decided to try his luck by asking it to compose a poem about the company's bad customer service. "There was once a chatbot named DPD, Who was useless at providing help," the bot wrote. "DPD was a waste of time, And a customer's worst nightmare," the bot continued before concluding: "One day, DPD was finally shut down and everyone rejoiced. Finally they could get the help they needed, From a real person who knew what they were doing." Watch | UK Court: Walkers' Poppadoms are potato chips × Beauchamp, who is a pianist and a conductor, has posted the hilarious exchange between him and the chatbot on social media plaform X (formerly Twitter). At the time of publishing of this story, the post had garnered 1.4 million views. "Parcel delivery firm DPD have replaced their customer service chat with an AI robot thing. It’s utterly useless at answering any queries, and when asked, it happily produced a poem about how terrible they are as a company. It also swore at me," says the post. Parcel delivery firm DPD have replaced their customer service chat with an AI robot thing. It’s utterly useless at answering any queries, and when asked, it happily produced a poem about how terrible they are as a company. It also swore at me. 😂 pic.twitter.com/vjWlrIP3wn — Ashley Beauchamp (@ashbeauchamp) January 18, 2024 × He told ITV television that he had still not received the parcel. "I think they might hold it hostage now. I wouldn't blame them," he said. "That's totally on me." Also Read | Butter Chicken bitterness: Indian restaurant sues rival chain over ‘invention’ claim DPD UK, meanwhile, said that the funny incident was a result of an error. The company said that it had used an AI element within its chat system successfully for years but the error occurred after an update. Also Read | Mars rock resembling iconic Star Trek symbol snapped by NASA’s Curiosity rover "The AI element was immediately disabled and is currently being updated," said the company said in a statement as reported by ITV. (With inputs from agencies)

Angry customer gets parcel service's AI to write poem on how bad it is

The recent revelations from a recent EY survey offers a closer look at how Gen AI, the next frontier in artificial intelligence, is reshaping the retail experience right here in India.

Challenges & opportunities in the retail renaissance with Gen AI

The literary world is abuzz with controversy as AI-assisted writing gains prominence. Rie Kudan, a Japanese author, recently clinched the esteemed Akutagawa Prize for her novel 'Tokyo-to Dojo-to.' The author admits that 5% of the novel was AI-generated. This raises critical questions about the authenticity in literature.

Gravitas | AI in literature: Innovation or erosion of artistic integrity?

Day 4 discussions at the World Economic Forum in Davos unfolded against the backdrop of global challenges. The focus was on key themes of security, the future of artificial intelligence, advancing the energy transition, and the pivotal role of trade in driving economic growth.

Day 4 at Davos: AI governance takes center stage

Researchers at the Abu Dhabi's Mohamed Bin Zayed university of artificial intelligence (MBZUAI), have patented a technology capable of mimicking handwriting styles. From potential medical aid to commercial collaborations, our next report explores the limitless possibilities and challenges posed by this pioneering ai handwriting system.

Implications of AI-generated handwriting

China's industry ministry on Wednesday issued draft guidelines for standardising the artificial intelligence (AI) industry. The draft proposes to form more than 50 national and industry-wide standards for AI by 2026. It also said China aimed to participate in forming more than 20 international standards for AI by that time.

China rolls out draft guidelines for standardising AI industry

The "Year of Efficiency" in Big Tech may be over, but signs indicate that the industry's major players, Google and Amazon, are set to continue job cuts in 2024 as they intensify their investments in generative artificial intelligence (AI). <o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

Analysts and industry experts anticipate that this year's layoffs will be smaller and more targeted, with companies racing to advance in the AI sector likely to make strategic moves to offset substantial spending on the technology.<o:p></o:p>

Alphabet, Google's parent company, recently laid off around a thousand employees across various divisions, emphasising its commitment to invest in "biggest priorities."<o:p></o:p>

The cuts impacted divisions such as the voice assistant unit, Pixel, Fitbit, and even the advertising business. <o:p></o:p>

Amazon, too, laid off several hundred employees, focusing on its streaming and studio operations, including job cuts in its Twitch live-streaming platform and Audible audiobook unit. In total, over 7,500 tech employees have faced job cuts in January alone.<o:p></o:p>

While the total size of layoffs is expected to be smaller compared to the significant cuts seen last year, Google and Amazon are aggressively investing in AI initiatives. <o:p></o:p>

Google unveiled its long-awaited Gemini model last month, aiming to close the gap with Microsoft in the AI race. Amazon is developing a model codenamed "Olympus" to compete with OpenAI's GPT-4 model. <o:p></o:p>

The companies are adjusting their hiring priorities, offering substantial salaries for AI roles, reflecting the industry's shift towards prioritizing AI capabilities.<o:p></o:p>

The tech sector witnessed a substantial loss of 168,032 jobs in 2023, representing the highest number of layoffs across industries. 

T<o:p></o:p>ens of thousands of job cuts at tech giants, including Alphabet, Microsoft, Amazon, and Meta, marked 2023 as the "Year of Efficiency," as stated by Meta CEO Mark Zuckerberg.<o:p></o:p>

Despite the AI-driven dynamism, experts believe that the tech industry's hiring priorities are changing, with a focus on AI roles and a departure from the massive layoffs seen during the pandemic.<o:p></o:p>

With AI becoming a driving force, some tech firms are offering lucrative salaries for AI roles. <o:p></o:p>

Match's Hinge dating app sought a vice president of AI with a base salary of up to $398,000 a year, while Amazon offered a top salary of $340,300 for a senior manager of applied science and genAI. <o:p></o:p>

The increased spending on AI is raising investor expectations, although the returns for most companies may take longer to materialise, with only Microsoft and Nvidia emerging as significant winners in the current AI boom.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

The "Year of Efficiency" in Big Tech may be over, but signs indicate that the industry's major players, Google and Amazon, are set to continue job cuts in 2024 as they intensify their investments in generative artificial intelligence (AI).

The "Year of Efficiency" in Big Tech may be over, but signs indicate that the industry's major players, Google and Amazon, are set to continue job cuts in 2024 as they intensify their investments in generative artificial intelligence (AI). This is based on a Reuters report. Analysts and industry experts anticipate that this year's layoffs will be smaller and more targeted, with companies racing to advance in the AI sector likely to make strategic moves to offset substantial spending on the technology. Alphabet, Google's parent company, recently laid off around a thousand employees across various divisions, emphasising its commitment to invest in "biggest priorities." The cuts impacted divisions such as the voice assistant unit, Pixel, Fitbit, and even the advertising business. Amazon, too, laid off several hundred employees, focusing on its streaming and studio operations, including job cuts in its Twitch live-streaming platform and Audible audiobook unit. In total, over 7,500 tech employees have faced job cuts in January alone. While the total size of layoffs is expected to be smaller compared to the significant cuts seen last year, Google and Amazon are aggressively investing in AI initiatives. Google unveiled its long-awaited Gemini model last month, aiming to close the gap with Microsoft in the AI race. Amazon is developing a model codenamed "Olympus" to compete with OpenAI's GPT-4 model. The companies are adjusting their hiring priorities, offering substantial salaries for AI roles, reflecting the industry's shift towards prioritizing AI capabilities. The tech sector witnessed a substantial loss of 168,032 jobs in 2023, representing the highest number of layoffs across industries. Tens of thousands of job cuts at tech giants, including Alphabet, Microsoft, Amazon, and Meta, marked 2023 as the "Year of Efficiency," as stated by Meta CEO Mark Zuckerberg. Despite the AI-driven dynamism, experts believe that the tech industry's hiring priorities are changing, with a focus on AI roles and a departure from the massive layoffs seen during the pandemic. With AI becoming a driving force, some tech firms are offering lucrative salaries for AI roles. Match's Hinge dating app sought a vice president of AI with a base salary of up to $398,000 a year, while Amazon offered a top salary of $340,300 for a senior manager of applied science and genAI. The increased spending on AI is raising investor expectations, although the returns for most companies may take longer to materialise, with only Microsoft and Nvidia emerging as significant winners in the current AI boom. (With inputs from Reuters)

Tech titans maintain job cuts in 2024 amid AI investment surge

Researchers at Abu Dhabi's Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have pioneered an artificial intelligence system capable of imitating handwriting styles with unprecedented accuracy. This transformative technology, recently patented by the US Patent and Trademark Office, signifies a leap forward in integrating AI into creativity and personal expression.

Unveiling the breakthrough technology

The story unfolds with MBZUAI's AI handwriting system leveraging a transformer model. This is a neural network designed for sequential data comprehension. It marks a significant departure from conventional handwriting generation methods, allowing the system to learn and mimic individual handwriting styles based on just a few paragraphs of written material. This breakthrough opens new avenues for innovation and raises intriguing questions about the future of traditional modes of written communication.

Balancing potential &amp; ethical concerns

As the possibilities of the technology become apparent, so do the ethical considerations. The system's potential to assist the injured in writing without a pen is juxtaposed against the risk of mass forgeries and misuse. MBZUAI researchers emphasise the importance of responsible deployment. Comparing it to developing an anti-virus for a virus, the team underscores the need for public awareness and robust anti-forgery measures.

Multilingual challenges &amp; future endeavours

While the transformer model demonstrates proficiency in English and French, the researchers acknowledge the ongoing challenge of replicating handwritten text in Arabic. This acknowledgement reflects the commitment to inclusivity in the development of AI technologies. Despite these challenges, MBZUAI intends to apply the research to real-world applications within months and actively seeks commercial collaborators. The potential applications span from deciphering doctors' handwriting to crafting personalized advertising, showcasing the versatility of this&nbsp;technology.

Bottomline

This technological advancement transcends linguistic barriers and opens new frontiers for creative expression and practical applications. As we navigate the uncharted waters of AI-generated handwriting, this latest innovation becomes a crucial beacon, guiding the way for future developments in the dynamic landscape of artificial intelligence.

Researchers at Abu Dhabi's Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have pioneered an artificial intelligence system capable of imitating handwriting styles with unprecedented accuracy.

Researchers at Abu Dhabi's Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have pioneered an artificial intelligence system capable of imitating handwriting styles with unprecedented accuracy. This transformative technology, recently patented by the US Patent and Trademark Office, signifies a leap forward in integrating AI into creativity and personal expression. Unveiling the breakthrough technology The story unfolds with MBZUAI's AI handwriting system leveraging a transformer model. This is a neural network designed for sequential data comprehension. It marks a significant departure from conventional handwriting generation methods, allowing the system to learn and mimic individual handwriting styles based on just a few paragraphs of written material. This breakthrough opens new avenues for innovation and raises intriguing questions about the future of traditional modes of written communication. Balancing potential & ethical concerns As the possibilities of the technology become apparent, so do the ethical considerations. The system's potential to assist the injured in writing without a pen is juxtaposed against the risk of mass forgeries and misuse. MBZUAI researchers emphasise the importance of responsible deployment. Comparing it to developing an anti-virus for a virus, the team underscores the need for public awareness and robust anti-forgery measures. Multilingual challenges & future endeavours While the transformer model demonstrates proficiency in English and French, the researchers acknowledge the ongoing challenge of replicating handwritten text in Arabic. This acknowledgement reflects the commitment to inclusivity in the development of AI technologies. Despite these challenges, MBZUAI intends to apply the research to real-world applications within months and actively seeks commercial collaborators. The potential applications span from deciphering doctors' handwriting to crafting personalized advertising, showcasing the versatility of this technology. Bottomline This technological advancement transcends linguistic barriers and opens new frontiers for creative expression and practical applications. As we navigate the uncharted waters of AI-generated handwriting, this latest innovation becomes a crucial beacon, guiding the way for future developments in the dynamic landscape of artificial intelligence.

​​​​​​​Ink meets algorithm: AI university redefines handwriting with artificial intelligence

Shares of Nvidia and Advanced Micro Devices (AMD) experienced a significant surge on Tuesday as investor confidence in the growing demand for artificial intelligence (AI)-powered chips prompted Wall Street analysts to raise their price targets for these semiconductor giants. <o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

Nvidia, currently holding a dominant position in the advanced AI chip market, faces competition from AMD, which is anticipated to make strides this year, increasing deliveries of its own chips to enterprise clients, according to Barclays analysts led by Tom O'Malley.<o:p></o:p>

Barclays analysts noted in an investor note that with supply constraints, customers often resort to using the entire Nvidia platform to secure priority shipments of accelerators.<o:p></o:p>

They anticipate that 2024 will be the year when AI opens up further, with other chipmakers like AMD gaining market share.<o:p></o:p>

Nvidia's stock witnessed a 3 per cent increase, reaching $563.65 and setting a new record high. <o:p></o:p>

Simultaneously, AMD shares surged by 7.5 per cent to $157.57, reaching their highest level in over two years. <o:p></o:p>

Nvidia's shares more than tripled in value in the past year, making it the world's most valuable chipmaker, while AMD's shares more than doubled.<o:p></o:p>

Barclays raised its price target for AMD shares to $200 from $120, reflecting the positive outlook for the company. <o:p></o:p>

KeyBanc analysts also increased their price target for AMD to $195 from $170. <o:p></o:p>

Nvidia, too, received a price target hike to $740 from $650 from KeyBanc. <o:p></o:p>

Both Nvidia and AMD are currently among the top gainers in the PHLX semiconductor index, which showed a 1.15 per cent increase during the session.<o:p></o:p>

Analysts covering Nvidia's stock maintain a median price target of $625, slightly down from $627.50 a month ago. The collective recommendation for the stock is "buy." Conversely, analysts covering AMD's shares have a median price target of $145, up from $130 a month ago, with a collective recommendation to buy the stock [Reuters].<o:p></o:p>

In a strategic move, Nvidia plans to commence mass production later this year of an AI chip tailored for its Chinese customers, aligning with tightened US export rules. <o:p></o:p>

On the other hand, AMD, aiming to challenge Nvidia's flagship microprocessors, announced two new AI data centre chips in December.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Shares of Nvidia and Advanced Micro Devices (AMD) experienced a significant surge on Tuesday as investor confidence in the growing demand for artificial intelligence (AI)-powered chips prompted Wall Street analysts to raise their price targets for these semiconductor giants.

Shares of Nvidia and Advanced Micro Devices (AMD) experienced a significant surge on Tuesday as investor confidence in the growing demand for artificial intelligence (AI)-powered chips prompted Wall Street analysts to raise their price targets for these semiconductor giants. This is based on a Reuters report. Nvidia, currently holding a dominant position in the advanced AI chip market, faces competition from AMD, which is anticipated to make strides this year, increasing deliveries of its own chips to enterprise clients, according to Barclays analysts led by Tom O'Malley. Barclays analysts noted in an investor note that with supply constraints, customers often resort to using the entire Nvidia platform to secure priority shipments of accelerators. They anticipate that 2024 will be the year when AI opens up further, with other chipmakers like AMD gaining market share. Nvidia's stock witnessed a 3 per cent increase, reaching $563.65 and setting a new record high. Simultaneously, AMD shares surged by 7.5 per cent to $157.57, reaching their highest level in over two years. Nvidia's shares more than tripled in value in the past year, making it the world's most valuable chipmaker, while AMD's shares more than doubled. Barclays raised its price target for AMD shares to $200 from $120, reflecting the positive outlook for the company. KeyBanc analysts also increased their price target for AMD to $195 from $170. Nvidia, too, received a price target hike to $740 from $650 from KeyBanc. Both Nvidia and AMD are currently among the top gainers in the PHLX semiconductor index, which showed a 1.15 per cent increase during the session. Analysts covering Nvidia's stock maintain a median price target of $625, slightly down from $627.50 a month ago. The collective recommendation for the stock is "buy." Conversely, analysts covering AMD's shares have a median price target of $145, up from $130 a month ago, with a collective recommendation to buy the stock [Reuters]. In a strategic move, Nvidia plans to commence mass production later this year of an AI chip tailored for its Chinese customers, aligning with tightened US export rules. On the other hand, AMD, aiming to challenge Nvidia's flagship microprocessors, announced two new AI data centre chips in December. (With inputs from Reuters)

Nvidia and AMD shares soar as analysts boost price targets amid AI optimism

Ai, News on Ai, stories on Ai, articles on Ai, Ai stories at Wion, Ai news, Ai latest news