Miles Brundage Resigns from OpenAI Amid Model Launches
Miles Brundage has resigned from OpenAI to pursue AI policy research, amid internal changes and new product releases. Miles Brundage, who had been serving as OpenAI’s Senior Advisor on AGI Readiness for the past six years, has decided to depart from his position. Brundage’s resignation letter stated that he is leaving to conduct research on […]
Indian Central Bank Governor Warns of AI Risks to Financial Stability
The Reserve Bank of India (RBI) has revealed concerns regarding the potential impact of artificial intelligence on financial stability, joining other significant monetary authorities in raising red flags. According to a report by Reuters, RBI Governor Shaktikanta Das emphasized the potential hazards associated with the increased utilization of AI and machine learning in financial services […]
Aethir Launches $100M Ecosystem Fund
Aethir, a graphic processing unit (GPU) cloud computing provider, has announced the establishment of the $100 million Aethir Ecosystem Fund to accelerate AI and gaming. The Aethir Catalyst program is a component of the initiative intended to provide entrepreneurs and enterprises with access to high-performance GPU resources. The fund will distribute 336 million ATH tokens […]
AI Startups Secure Record $11.8B in Q3 Funding
Despite a broader decline in venture capital, AI startups raised $11.8 billion in Q3 2024, representing 30% of total funding. Investor interest remains strong despite challenges like chip restrictions and valuation concerns. Artificial intelligence entrepreneurs experienced another quarter of robust cash infusions, despite a general decrease in venture capital funding. AI startups raised $11.8 billion […]
Malaysia Launches New Regulations for AI, Cloud Computing
Malaysia is intensifying its efforts to promote the ethical application of AI and cloud computing by implementing new regulations and partnerships. In an Oct. 1 report from Reuters, Malaysian Prime Minister Anwar Ibrahim announced that the country will establish a national AI office to oversee initiatives related to AI developments within its jurisdiction. This initiative […]