5 AI developments you might have overlooked today: UK and Britain collaborate on AI safety, Sachin Bansal discusses AI, and more
In a recent AI roundup, the United States and Britain have partnered to address the potential risks and obstacles associated with artificial intelligence. The two countries will collaborate to ensure AI safety in future technological advancements. Additionally, DeepTech Startup SatSure aims to transform agricultural finance using AI technology, enabling industries to enhance their decision-making processes. Stay informed with these updates and more in today’s AI roundup on April 2nd.
- US and UK partner to bring artificial intelligence to the technology of the future of security
The United States and Britain announced cooperation in the field of artificial intelligence security. The official signed a new memorandum of understanding today to continue cooperation and take action in response to growing concerns about next-generation technologies. The nation is jointly developing advanced artificial intelligence model testing. Commerce Secretary Gina Raimondo said, according to a Reuters report, “This partnership will accelerate the work of both of our agencies across the spectrum to address national security risks and the concerns of our broader society.”
2. IBM Watsonx unveils generative AI capabilities
IBM and the Masters Tournament announced new AI features for the Masters app and Masters.com. The platform is based on golf insights and tournaments, allowing users to access Hole Insights subscriptions and provide data-driven analysis. In addition, IBM will also integrate artificial intelligence-supported narration in Spanish into the platform. The release also highlighted that the features are based on IBM’s Watsonx generative artificial intelligence and large language models.
3. Navi founder Sachin Bansal talks about artificial intelligence in business
Flipkart’s former CEO Sachin Bansal revealed in an interview how the use of artificial intelligence has benefited various business areas. Bansal, who is the current CEO of financial firm Navi, said: “We’ve just started using generative AI in a few areas. And it’s delivering decent results. I think customer support is an obvious base where it fits very well.” He also highlighted the use of Microsoft Copilot for coding and talked about how AI models are used to extract data from images and videos, according to a Moneycontrol report.
4. TransUnion invests in Indian DeepTech startup SatSure
DeepTech startup SatSure uses satellite imagery and artificial intelligence to improve decision-making across a range of sectors including agriculture, finance, utilities, aviation and forestry. To support the move, TransUnion has invested a huge amount of money while other leading banks like HDFC Bank, ICICI Bank and Kotak Mahindra Bank have backed the startup. TransUnion CIBIL and SatSure partnership to develop CIBIL Credit & Farm Report (CCFR) for agriculture-based finance, according to a release.
5. OpenAI revokes Sam Altman’s ownership of startup funds
ChatGPT manufacturer OpenAI has announced the new management structure of its venture capital fund. With the new decisions, the OpenAI Startup Fund will remove CEO Sam Altman from its ownership. This was due to Altman’s financial interest in the fund despite his ownership. According to a Reuters report, the AI startup fund has currently raised $175 million from partners including Microsoft, Ian Hathaway and others.
