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Workplace app discontinued as Meta invests in AI and metaverse
May 16,2024
Meta Platforms, the parent company of Facebook, announced that it will discontinue its Workplace app, a platform geared towards work-related communications. The social media platform made this decision as it shifted its focus towards developing AI an...
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TikTok tests AI-powered search feature
May 14,2024
TikTok is experimenting with an enhanced search feature, utilising generative AI to provide more comprehensive search results. Dubbed 'search highlights', this feature showcases AI-generated snippets at the top of certain search result pages, offerin...
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Anthropic unveils AI chatbot Claude in EU
May 14,2024
Anthropic, an AI startup backed by tech giants Google and Amazon.com, announced the European release of its generative AI chatbot, Claude, set for Tuesday. The new AI tool places Claude in direct competition with Microsoft-backed OpenAI's ChatGPT, re...
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OpenAI set to challenge Google with new AI-powered search product
May 10,2024
OpenAI is gearing up to unveil its AI-powered search product, intensifying its rivalry with Google in the realm of search technology. The announcement, slated for Monday, comes amidst reports of OpenAI's efforts to challenge Google's dominance and co...
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Dotdash Meredith partners with OpenAI for AI integration
May 08,2024
Dotdash Meredith, a prominent publisher overseeing titles like People and Better Homes & Gardens, has struck a deal with OpenAI, marking a big step in integrating AI technology into the media landscape. The agreement involves utilising AI models ...
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Musk's X to provide news summaries via AI chatbot
May 07,2024
Elon Musk's social network, X, is set to introduce a new feature called 'Stories', which will provide AI-generated news summaries inside the app. These summaries, powered by the chatbot Grok developed by xAI, will be based on user tweets rather than ...
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Spanish startups accuse Microsoft of anti-competitive behaviour
May 07,2024
A complaint has been lodged against Microsoft Corp. with the Spanish antitrust regulator, alleging anti-competitive behaviour in the cloud computing market. The complaint, filed by Asociaci
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Embracing central bank digital currencies is inevitable
May 07,2024
In a recent interview, Joachim Nagel president of the Bundesbank and a member of the European Central Bank (ECB), said that the future of central banks is dependent on their ability to adapt their business models and embrace the use of central bank d...
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Financial Times partners with OpenAI to license content and develop AI tools
Apr 29,2024
The Financial Times has announced a collaboration with OpenAI, allowing the AI company to license its content and utilise it to develop AI tools. Under this partnership, ChatGPT users will encounter summaries, quotes, and article links from the Finan...
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Elon Musk's xAI aims to raise $6 billion in fundraising round
Apr 26,2024
,xAI, Elon Musk's challenger to OpenAI, is amid a substantial fundraising round. According to sources familiar with the deal, it aims to raise$6 billion on an$18 billion valuation. Originally planned at$3 billion on a$15 billion valuation, the increa...
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Google and Microsoft impress investors with AI growth
Apr 26,2024
,Microsoft Corp. and Google owner Alphabet Inc. impressed investors surpassing Wall Street expectations with robust quarterly results driven by AI and cloud computing. The surge in cloud revenue, fueled partly by the increasing use of AI services, pr...
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Microsoft and Amazon under UK spotlight for AI investments
Apr 25,2024
,The UK's Competition and Markets Authority (CMA) has intensified its scrutiny of major tech players' involvement in AI startups, targeting Microsoft and Amazon in particular. The CMA is examining Microsoft'sinvestment in Mistral and the hiring of Mu...
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