As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the financial world. The Rise of Thinking Machines: Report Warns of Risks From Generative AI in Finance The report, authored by…
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Investors led by Andreessen Horowitz have backed a company that has set out to help content creators monetize their work in the age of artificial intelligence (AI). The tech firm intends to employ blockchain technology to track remixes and mashups that have been spreading online since the invent of AI tools like Chatgpt. Investors Pledge…
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On August 29, the publicly traded bitcoin mining entity, Iris Energy, revealed its acquisition of 248 Nvidia H100 graphics processing units (GPUs) at a cost of $10 million. While the company emphasized that its primary focus remains on BTC mining, it views generative artificial intelligence (AI) as an enticing “additional opportunity.” From Bitcoin Mining ASICs…
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Iris Energy has invested $10 million in the latest generation of Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining. Nasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business…
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A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and published June 14, 2023, analyzes the impact AI tools like Chatgpt could have across sectors. McKinsey & Company Study: ‘Generative AI Is…
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A deep dive into global employment data and trends indicates that AI could impact high-skilled jobs the most. An employment outlook paper suggests that highly skilled professions are the most exposed to artificial intelligence, but its potential impact on employment is yet to be seen. The Organisation for Economic Co-operation and Development (OECD) has released…
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Discover the process of text-to-image synthesis using DALL-E’s autoencoder architecture and learn how it can transform textual prompts into images. OpenAI created the ground-breaking generative artificial intelligence (AI) model known as DALL-E, which excels at creating distinctive, incredibly detailed visuals from textual descriptions. DALL-E, in contrast to conventional picture creation models, can produce original images…
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Nvidia share prices have more than tripled since October last year as demand for AI tech surges. Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo. The milestone was hit on May 30 in the United…
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Many firms with generative AI models are being sued for copyright infringement, and the Supreme Court may have just ruined their primary legal defense. Generative artificial intelligence models such as OpenAI’s ChatGPT are trained by being fed giant amounts of data, but what happens when this data is copyrighted? Well, the defendants in a variety…
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Security researchers at Meta said “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s imagination and excitement.” Artificial intelligence tools, such as ChatGPT, have become the latest way for “bad actors” to distribute malware, scams and spam — research from Meta’s security team warns. A May 1 research report…
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