Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion
Tags: AI
AMD Anticipates Selling $4 Billion in AI Chips in 2024
Advanced Micro Devices Inc. (AMD) disclosed quarterly results that met Wall Street's expectations, but the stock didn't rise since the firm only matched the consensus estimate with its midpoint projection.
Maryland Athletic Director Uses AI-Generated Recording to Frame up Principal as Revenge Over Fraud Investigation Against Him
An ex-athletic director from a high school has been arrested for fabricating an AI-generated voice recording to falsely implicate the school's principal in making racist comments.
Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology
Beijing city officials are providing subsidies for businesses that buy artificial intelligence (AI) chips made in China.
World's First AI Avatars With 'Expressive Emotions' To Be Released By Synthesia
Synthesia's new AI, "Expressive Avatars," improves digital storytelling with authentic emotional expressions. However, it faces scrutiny over potential misuse, with concerns about its deceptive capabilities and ethical implications.
Latest News
A surge in power use from AI-powered data centers is projected to substantially increase natural gas demand in the coming years, according to a new report.
Over 100 Northern California nurses protested Kaiser San Francisco Medical Center, arguing the hospital is adopting untested AI that might hurt patients.
Apple has acquired Datakalab, a Paris-based startup specializing in AI compression and computer vision technology, which hints at potential advancements in features like Photos and Face ID in iOS 18.
Bitcoin miners are adapting to reduced revenues post-halving by investing in innovative solutions, while some are also exploring opportunities in artificial intelligence.
The International Olympic Committee (IOC) announced it will use artificial intelligence (AI) in sports.
Stability AI has initiated a round of layoffs following the departure of its CEO, Emad Mostaque. Artificial intelligence startup Stability AI has initiated a round of layoffs following the departure of its CEO, Emad Mostaque.
Cisco introduces a cutting-edge security system that harnesses the power of AI, following its acquisition of Splunk in a massive $28 billion agreement.
The finance team of Google is undergoing restructuring, which will include layoffs and relocations, as the company shifts its focus towards investments in AI.
Intel and other major tech companies have launched the Open Platform for Enterprise AI (OPEA) project.
