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Bezos Backs AI Chipmaker
According to Bloomberg, Amazon founder Jeff Bezos has joined Samsung in a $700 million investment round in Tenstorrent, an AI chip startup valued at $2.6 billion, as the company aims to challenge Nvidia’s dominance in the artificial intelligence hardware market. Read more
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Vistra: AI’s Hidden Winner
According to reports, electric utility Vistra (NYSE: VST) has emerged as the top-performing S&P 500 stock in 2024, with a 315% year-to-date surge driven by expectations of increased power demand from AI data centers. Read more
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AI Banking Leaders
The financial sector is on the brink of a transformative era, with artificial intelligence (AI) poised to revolutionize banking operations from fraud detection to loan approvals. According to Allied Market Research, the global AI-in-banking market, valued at $3.88 billion in 2020, could reach $64.03 billion by 2030, highlighting the immense potential of this technological shift… Read more
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Open Source AI Defined
The Open Source Initiative (OSI) has released a new definition for open-source AI, aiming to bring clarity to a rapidly evolving field. According to reports from MIT Technology Review, this definition outlines that an open-source AI system can be freely used, studied, modified, and shared for any purpose without requiring permission. Read more
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Coinbase developer launches new tool to help users build AI agents in minutes
The new tool called ‘Based Agent’ is a template that can help users build fully autonomous AI agents under three minutes. Read more
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Adobe’s AI Video Model
Adobe has introduced the Firefly Video Model in Premiere Pro, a groundbreaking AI-powered toolset designed to revolutionize video editing by offering features like Generative Extend, which allows editors to seamlessly extend clips and smooth transitions. This model, developed with commercial safety and ethical considerations, also includes AI capabilities for creating b-roll, dubbing, lip sync, and… Read more
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AMD’s New AI Chips
AMD unveiled its latest AI chips, including the Instinct MI325X accelerator and 5th Gen EPYC processors, at its Advancing AI 2024 event, aiming to challenge Nvidia’s dominance in the lucrative data center GPU market and compete with Intel in server CPUs. According to reports from Yahoo Finance and PYMNTS, while AMD’s new offerings show improved… Read more
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Cloudflare’s AI Audit Against Bots
Cloudflare has introduced AI Audit, a new tool designed to give website owners unprecedented control over how AI bots access and utilize their content, as reported by TechCrunch and other sources. Read more
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AI Beats ReCAPTCHA
Recent advancements in artificial intelligence have led to a significant breakthrough in solving CAPTCHA challenges, with researchers from ETH Zurich developing an AI model capable of consistently defeating Google’s reCAPTCHA v2 system. This development raises important questions about the future of online security and bot detection methods. Read more
