Stability AI, the British startup specializing in artificial intelligence, has been considering the sale of the company due to mounting pressure from investors regarding its financial situation. This comes as the management team grapples with the challenges ahead, particularly concerning the Stable Diffusion image generator. The London-based company has presented itself as a potential acquisition target in recent weeks and held initial discussions with several companies, said several people familiar with the matter, who asked not to be identified because the discussions were private. A deal is not imminent and…

As world leaders, climate diplomats, and numerous attendees gather in Dubai for the United Nations climate summit, artificial intelligence has become a prominent topic of discussion. Advocates of machine learning are presenting it as a valuable tool to achieve significant reductions in emissions. According to a new report by the Innovation for Cool Earth Forum, an international climate forum organized by the Japanese government, some of the hardest-to-decarbonize industries, such as cement and steel, could especially benefit. The final version of the report will be presented at the COP28 climate…

Today, November 29, marked another significant day in the field of artificial intelligence, with notable advancements observed throughout the day. Firstly, the Uttar Pradesh government is preparing to enhance the land consolidation procedures by utilizing AI and ML technologies, aiming to simplify and increase accessibility. Additionally, during the 7th Foundation Day celebration of the critical care medicine department at King George’s Medical University, experts emphasized the potential of AI in providing provisional diagnoses for patients, ultimately saving lives and expediting the recovery process. These developments, along with others, will be…

Goldman Sachs Group Inc. has been losing the battle to attract top AI talent to its ranks, as other banks such as Morgan Stanley and Citigroup Inc. have seen a net inflow of 60 employees in the past year, according to data from Evident. Bank of America experienced the second-largest loss with 55 employees leaving, while Wells Fargo & Co. had the largest net increase with 130 new hires. “It’s not just about hiring people, it’s about nurturing and keeping them,” Alexandra Mousavizadeh, CEO of Evident, said in an interview.…

Amazon.com Inc. has entered the competition of chatbots by introducing Amazon Q, a digital assistant designed to assist corporate clients in searching for information, coding, and evaluating business metrics. Amazon Web Services, the retailer’s cloud services division, is adding generative artificial intelligence to new products and expanding its efforts to regain its footing in a field dominated by its main rivals. Chatbots powered by generative artificial intelligence are “really very useful for consumers,” Adam Selipsky, chief executive of AWS, said Tuesday at re:Invent, the company’s conference in Las Vegas. “But…

OpenAI’s ChatGPT, a generative AI chatbot, is widely known for its ability to help with various tasks such as drafting emails, writing stories, and answering basic queries. However, its capabilities extend beyond these generic functions. The ChatGPT chatbot is also proficient in technical tasks like analyzing extensive data, coding, testing, and even identifying the root cause of errors for debugging codes. This makes it an ideal assistant for software developers, enabling them to save time and enhance productivity. Here are five ways in which the ChatGPT chatbot can support software…

The word of the year selected by Merriam-Webster Inc. is “authentic,” emphasizing the increasing difficulty in distinguishing between truth and falsehood due to the prevalence of misinformation on platforms such as Elon Musk’s X Corp. and the growing influence of artificial intelligence. “The line between ‘real’ and ‘fake’ has blurred,” Merriam-Webster Editor at Large Peter Sokolowski said in a statement. “As a result, authenticity has become the social media and marketing gold standard for building trust.” Searches for authentic “were up significantly in 2023, driven by stories and conversations about…

IndiGo announced on Monday that it has implemented an AI chatbot to alleviate the workload of customer service agents and streamline the booking process through natural language conversations. The airline stated that the AI bot, equipped with an impressive 1.7 trillion parameters, can effortlessly address a wide array of frequently asked questions. In the release, Indigo also said its data scientists studied Generative Pre-trained Transformers (GPTs) and programmed the bot using extensive rapid engineering to mimic human behavior, respond to emotions and even add humor to interactions. “Early results from…