Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers […]
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The AI Act is expected to be a landmark piece of EU legislation governing the use of artificial intelligence in Europe that has been in the works for over two years. Lawmakers have proposed classifying different AI tools according to their perceived level of risk, from low to unacceptable. Governments and companies using these tools […]
Australia’s revenue potential from developing a battery industry has doubled to A$16.9 billion ($11.28 billion) by 2030 in less than two years, highlighting the speed of the sector’s expansion and the need to act quickly, an Accenture report showed on Wednesday. Australia’s battery industry is poised to become a global leader given the country’s mineral […]
The U.S. government will not force Pfizer Inc and Astellas Pharma Inc to lower the price of their prostate cancer drug Xtandi using its emergency “march-in” authority, the National Institutes of Health (NIH) said on Tuesday. March-in rights, which have never been used before, allow the government to grant additional licenses to third parties for […]
Chinese-owned short video app TikTok faces a “pivotal moment” as a growing number of U.S. lawmakers seek to ban the popular app over national security concerns, CEO Shou Zi Chew said. Chew said in a video posted on TikTok early on Tuesday that the app now has more than 150 million active monthly U.S. users, […]
SVB Financial Group and the federal regulator that closed its Silicon Valley Bank unit indicated at a bankruptcy court hearing on Tuesday that a fight is looming over $2 billion of the former parent company’s cash that was seized along with the lender. SVB Financial, which filed for bankruptcy on Friday, had said in court […]
Microsoft Corp on Tuesday rolled out an image creation feature for search engine Bing and browser Edge that will use the technology behind OpenAI’s DALL-E to create pictures based on text prompts. The tool named ‘Bing Image Creator’ will be available to users in the Bing and Edge preview. “For those in the Bing preview, […]
Unlearn.AI, which has built a machine learning platform that creates “digital twin” profiles of patients in clinical trials, has raised $15 million to expand partnerships and accelerate regulatory approval, the company told Reuters on Tuesday. The investment from Radical Ventures and Wittington Ventures valued the startup at $265 million, the company said. Mira Murati, chief […]
Nvidia Corp Chief Executive Jensen Huang is expected on Tuesday to disclose new artificial intelligence chips and technologies at the company’s annual conference for software developers. Analysts will be watching for the Santa Clara, California-based company to give more details about how it plans to widen accessibility to processing power like to that used to […]
China is facilitating easier access to subsidies and more control over state-backed research for a handful of its chip companies, the Financial Times reported on Tuesday. Chipmakers such as Semiconductor Manufacturing International (SMIC), Hua Hong Semiconductor and Huawei, as well as equipment suppliers like Naura and Advanced Micro-Fabrication Equipment Inc China might benefit from the […]