AI news summary [April 16]: UK to create regulations for AI, Microsoft to invest $1.5 billion in G42, and other updates
AI news update for April 16: The United Kingdom is currently working on drafting regulations for AI technologies like OpenAI’s ChatGPT to prevent potential harm. Meanwhile, Microsoft is set to invest $1.5 billion in UAE-based AI company G42, with approval from both US and UAE governments. Stay tuned for more AI updates.
1. The UK has started developing AI regulations to de-risk
The UK has started drafting an AI regulation that will apply to new emerging technologies and large language models. These regulations also apply to current and future artificial intelligence tools. These AI regulations are expected to eliminate potential risks of AI and its use, according to a Bloomberg report. However, the timetable for the publication of the rules was not specified.
2. Microsoft invests in artificial intelligence company G42
Microsoft announced that it will invest $1.5 billion in a United Arab Emirates-based artificial intelligence company called G42. It has also been reported that the G42 will utilize Microsoft’s cloud services to run its AI applications quickly. As part of the G42 statement, Sheikh Tahnoon said, “Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, which means strategic vision and execution between the two organizations,” according to a Reuters report.
3. Agritech company Cropin Technology releases an open source AI model for farmers
Google-backed Agritech company Cropin Technology unveiled an ‘akṣara’ AI model to help farmers and the agribusiness industry. It provides climate-smart agricultural practices for nine crops: paddy, wheat, maize, sorghum, barley, cotton, sugarcane, soybean and millet in five countries of the Indian subcontinent. Krishna Kumar, founder and CEO of Cropin, said, according to an Investing.com report, “Domain-specific AI models in agriculture are expected to attract significant investment and offer a practical and economically viable approach to transforming food systems.”
4. DeepMind’s CEO spends over $100 billion on AI
Google DeepMind CEO Demis Hassabis highlighted the company’s AI business, saying it spends more than $100 billion on developing AI technology. Hassabis said: “We don’t talk about our specific numbers, but I think we will invest more than that over time.” However, according to a Bloomberg report, he did not say exactly how the company plans to spend the huge sum.
5. Badi’s Ernie Bot announced that it has over 200 million users
China’s Baidu revealed that its AI chatbot Ernie Bot has more than 200 million users, making it one of the most famous AI tools in the country. Baidu CEO Robin Li also highlighted that Ernie Bot’s application programming interface (API) was used 200 million times daily. However, according to a Reuters report, there is no global competition between ChatGPT and Ernie Bot.
