Intel Shares Soar After Plan to Establish AI-focused Foundry
Intel shares go up by 6% following plans to revitalize the company by establishing an independent subsidiary for its AI-focused foundry business. Intel’s stock price has declined by nearly 45%, and the company has reported multibillion-dollar losses in the past year. In a memo to employees on September 16, Intel CEO Patrick Gelsinger announced that […]
Hong Kong Prepares to Issue AI Guidelines for Finance Sector
Reports indicate that the Hong Kong government will establish policies regarding using artificial intelligence (AI) in the financial sector by the conclusion of October. Hong Kong authorities intend to enhance the utilization of AI in the traditional trading, investment banking, and cryptocurrency markets by implementing new policies. The Financial Services and the Treasury Bureau (FSTB) […]
Meta to Restart AI Training in UK Following Regulatory Halt
The tech giant will use public information, such as adult Instagram and Facebook posts, comments, photographs, and captions. Meta is set to use publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence (AI) models. The company will utilize publicly available posts, comments, photos, and captions from adult […]
OpenAI’s Latest o1 Model Can ‘Think Before it Answers’
OpenAI has released several new artificial intelligence models, beginning with the most recent OpenAI o1 model, which the company claims can “think before it answers.” “OpenAI stated in a blog post on September 12 that this is a substantial advancement and represents a new level of AI capability for complex reasoning tasks.” “In light of […]
Greece to Build $330M Data Center for AI Expansion
Greece is set to build a new data center as part of its push to integrate into Europe’s AI landscape. Greece has announced new intentions to construct a data center in the country, which is part of the country’s ongoing efforts to gradually integrate itself into the rapidly developing artificial intelligence landscape in Europe. On […]