AI Business·
The tech giant's latest investment in regional AI infrastructure development in Asia comes soon after new investments in Thailand and Singapore.
Read full articleJPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. JPMorgan has reclassified JPMorgan AI investment as core infrastructure, treating its $2bn annual budget as non-negotiable as…
EU officials have agreed to water down certain aspects of the AI Act, including delaying the implementation of rules covering a number of high-risk applications until December 2027, instead of the originally set deadline of August 2026, according to the latest update of EU lawmakers watering down AI rules. This agreement comes after many companies argued the EU was bogging itself down in unnecessary regulation, leaving the EU behind competitors in the US and Asia. The deal was reached after 9 hours of talks, which is fairly standard for negotiations in Brussels. It still needs to be ratified by EU […]
The Chief AI Council is identifying pain points for agencies to understand and avoid around everything from AI and cybersecurity to IT procurement and privacy.
OpenAI CEO Sam Altman and Microsoft CTO Kevin Scott. | Image: Getty Images When OpenAI was busy experimenting with AI-powered gaming bots, Microsoft CEO Satya Nadella and OpenAI CEO Sam Altman were in the early days of forming an AI partnership. Court documents from the ongoing Musk v. Altman trial have provided a rare look at the communications between Microsoft's top executives about investing in OpenAI and fears the AI startup could "storm off to Amazon" and "shit-talk" Microsoft. Just days after OpenAI showed a bot beating a Dota 2 professional in the summer of 2017, Altman responded to Nadella's congratulations email with a proposal for a much bigger partnership with OpenAI to fund its next phase of AI resear … Read the full story at The Verge.
TCI has cut its position in tech giant from 10% to 1%
Leaders at the tech giant were skeptical of OpenAI—but wary of pushing it into the arms of Amazon, according to emails dating back to 2018.
The IMF called for treating cybersecurity as a core stability issue as new AI tools let even unskilled attackers breach critical infrastructure.
Security researchers at Mozilla say Anthropic's Mythos has unearthed a wealth of high-severity bugs in Firefox.
