SEC Adopts Proposal for Regulating Use of AI
The U.S. Securities and Exchange Commission (SEC) has enacted a new set of regulations for financial services that use artificial intelligence. The SEC’s proposal is intended to address possible conflicts of interest that may arise due to businesses using AI, predictive data analytics, and related technologies. Although the SEC accepted that AI and predictive technology […]
Alibaba Reportedly Integrates Meta’s AI Model Llama
Alibaba’s cloud computing service has reportedly tapped into Meta’s open-source artificial intelligence model Llama for new software development at no cost. Reuters initial report cited an official statement from Alibaba Cloud via WeChat, the cloud computing arm of the Chinese conglomerate has deployed a Llama 2-based solution that enables businesses to develop AI-based software and […]
U.S. Senate Urges Firms to Register Investments in Chinese Technologies
The United States Senate convened on July 25 to support bipartisan legislation requiring U.S. companies to report investments in Chinese technologies, including semiconductors – used to create artificial intelligence (AI)- and AI. The Senate approved the amendment to the National Defense Authorization Act (NDAA) by a vote of 91 to 6, and it is expected […]
Hive Blockchain Rebrands to Hive Digital Technologies
Crypto mining company Hive Blockchain has changed its name to Hive Digital Technologies to emphasize its venture into artificial intelligence (AI), cloud computing, GPUs, and Web3. The Vancouver, Canada-based mining company announced on July 12 that it has dropped the word “blockchain” from its name to reflect better its “evolving focus” on revenue opportunities in […]
Elon Musk Launches New AI Firm xAI
Elon Musk announced the formation of xAI, a team led by Musk with executives from Google’s DeepMind, Microsoft, and Tesla. The release from July 12 states that xAI would collaborate closely with Tesla, Twitter, and other businesses owned by Musk to “make progress toward our mission.” The company is aggressively looking to add skilled engineers […]