Tuesday, August 19

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Yahoo is buying Artifact, the AI news app from the Instagram co-founders
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Yahoo is buying Artifact, the AI news app from the Instagram co-founders

Yahoo is acquiring Artifact, an AI news app developed by Instagram's co-founders. Artifact's technology for categorizing, curating, and personalizing content will be integrated into Yahoo News and other Yahoo platforms. The acquisition will provide Yahoo with advanced recommendation systems and access to Artifact's innovative tech. Artifact's app will be discontinued, but its underlying technology will enhance Yahoo's user experience. Both parties see the potential for a faster evolution towards a personalized content ecosystem. Source: https://www.theverge.com/2024/4/2/24118436/yahoo-news-artifact-acquisition submitted by /u/NuseAI [link] [comments]
Huge AI funding leads to hype and ‘grifting’, warns DeepMind’s Demis Hassabis
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Huge AI funding leads to hype and ‘grifting’, warns DeepMind’s Demis Hassabis

DeepMind's Demis Hassabis cautions against the repercussions of massive AI funding causing hype and 'grifting'. He emphasizes the importance of ethical considerations in the AI industry. The article also mentions subscription options for accessing quality journalism from the Financial Times, including digital and print editions. Source: https://www.ft.com/content/774901e5-e831-4e0b-b0a1-e4b5b0032fb8 submitted by /u/NuseAI [link] [comments]
One-Minute Daily AI News 3/31/2024
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One-Minute Daily AI News 3/31/2024

Google AI researchers released AutoBNN to address the challenge of effectively modeling time series data for forecasting purposes.[1] Samsung could add generative artificial intelligence technology to its voice assistant Bixby.[2] SK Hynix Tops $100 Billion in Market Value on AI-Powered Rally.[3] Generative AI develops potential new drugs for antibiotic-resistant bacteria.[4] Sources: [1] https://www.marktechpost.com/2024/03/29/google-ai-introduces-autobnn-a-new-open-source-machine-learning-framework-for-building-sophisticated-time-series-prediction-models/ [2] https://www.cnbc.com/2024/04/01/samsung-says-it-could-upgrade-bixby-with-generative-ai-.html [3] https://www.bloomberg.com/news/articles/2024-04-01/sk-hynix-tops-100-billion-in-market-value-on-ai-powered-rally?embedded-checkout=tr...
Generative AI ‘FOMO’ is driving tech heavyweights to invest billions in startups
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Generative AI ‘FOMO’ is driving tech heavyweights to invest billions in startups

Tech giants are heavily investing in artificial intelligence startups to avoid missing out on the generative AI boom. Amazon's $2.75 billion investment in Anthropic is its largest venture deal, reflecting the AI gold rush among big tech companies. Companies like Meta, Apple, and Google are racing to integrate generative AI into their products to keep up with the market's growth. Investors poured $29.1 billion into generative AI deals in 2023, with tech companies driving a significant portion of the investments. Big tech firms are making strategic investments in AI due to the fear of missing out on the AI ecosystem. Source: https://www.cnbc.com/2024/03/30/fomo-drives-tech-heavyweights-to-invest-billions-in-generative-ai-.html submitted by /u/NuseAI [link] [comments]
New York City’s official AI chatbot is hallucinating incorrect legal advice
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New York City’s official AI chatbot is hallucinating incorrect legal advice

The MyCity chatbot, launched as a pilot program, aims to assist business owners with information from NYC Business webpages. However, a report revealed the chatbot's inaccuracies in providing legal advice, such as misinformation on Section 8 vouchers and worker regulations. The chatbot's token-based predictive models can lead to incorrect responses due to gaps in training data. While warnings acknowledge the potential for harmful content, the chatbot is marketed as a tool to navigate government for business owners. The report underscores the risks of deploying chatbots without ensuring accuracy, with examples from Air Canada and tax preparation software. Source: https://arstechnica.com/ai/2024/03/nycs-government-chatbot-is-lying-about-city-laws-and-regulations/ submitted by /u/Nuse...
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