An important committee of lawmakers in the European Parliament has approved an artificial intelligence regulating act — which might soon become the West’s first AI law. The approval signifies a landmark development in the competition among authorities to avail the edge in the AI space with breakneck speed. The law called the European AI Act,…
OpenAI CEO Sam Altman recently said, “OpenAI hasn’t trained its AI large-language models such as GPT with paying customer data for a while. Customers clearly want us not to train on their data, so we’ve changed our plans: We will not do that.” OpenAI’s terms of service were updated on March 1. Altman said, “We…
Intel reported first-quarter results yesterday that showed a 133% annual reduction in its earnings per share. Revenue declined nearly 36% year over year to around $11.7 billion. The loss per share and sales were comparatively better than soft Wall Street anticipations. For the second quarter, Intel anticipates losing 4 cents per share on an income of $12 billion….
Britain’s top competition regulator moved to block Microsoft’s $69 billion acquisition of video game publisher Activision Blizzard. The measure marks a significant blow for the US tech company, as it seeks to convince authorities that it will benefit competition. Microsoft said it will appeal the decision. Shares of Activision Blizzard declined more than 8% in early US trading. The…
