Generative AI still mostly experimental, say executives
By Katie Paul NEW YORK (Reuters) – One year after the debut of ChatGPT created a global sensation, leaders of business, government and civil society said at the Reuters NEXT conference in…
Visa launches $100 million venture fund for generative AI startups
(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this year.…
McKinsey partners with startup Cohere to help clients adopt generative AI
By Krystal Hu (Reuters) – Consultancy giant McKinsey said it had struck a partnership with artificial intelligence startup Cohere in an effort to provide AI solutions to its enterprise clients. This is…
Amazon touts its low-cost cloud computing in generative AI race
By Jeffrey Dastin AUSTIN (Reuters) – A key way that Amazon’s cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing…
US antitrust enforcer says generative AI ‘raises competition concerns’
WASHINGTON (Reuters) – Generative AI, which is best known for ChatGPT, raises competition concerns and is a focus of the Federal Trade Commission’s Bureau of Technology along with its Office of Technology,…
Oracle adds generative AI to its human resources software
By Stephen Nellis (Reuters) – Oracle Corp on Wednesday said it is adding generative artificial intelligence features to its human resources software for businesses, aiming to help draft job descriptions and employee…
US-based generative AI job postings up 20% in May- data
By Chavi Mehta (Reuters) – Generative AI-related job postings in the United States jumped about 20% last month as companies look to harness a technology that has been widely touted as the…
Baidu will ‘very soon’ officially launch generative AI model, says CEO
BEIJING (Reuters) – Chinese search engine giant Baidu’s CEO Robin Li said on Friday that the company will “very soon” officially launch Ernie 3.5, a generative AI large-language model that will power…
G7 leaders confirm need for governance of generative AI technology
TOKYO (Reuters) – Group of Seven leaders meeting in Hiroshima, Japan, on Friday acknowledged the need for governance of generative artificial intelligence (AI) and immersive technologies. The leaders agreed to have ministers…
Facebook owner Meta announces tests of generative AI ads tool
By Katie Paul and Sheila Dang NEW YORK (Reuters) – Social media giant Meta Platforms Inc joined the generative AI product race on Thursday, saying it would begin testing artificial intelligence-powered ad…
Google to use generative AI in its ad business – FT
(Reuters) -Alphabet Inc’s Google plans to introduce generative artificial intelligence into its advertising business over the coming months to create “novel” advertisements, the Financial Times reported on Thursday, citing an internal presentation.…
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