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    Indian AI firms may face extra costs as EU’s AI Act kicks in

    The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.

    Meta says generative AI deception held in check — for now

    Social media giant Meta says its bid to thwart coordinated disinformation campaigns created through ever-improving generative AI is working, despite widespread concerns. Meta said it had seen "threat actors" put AI to work to create bogus photos, videos, and text, but no realistic imagery of politicians, according to the report.

    SaaS company AiDash launches first ESOP buyback plan for employees

    The company says the buyback, which comes on the back of its $58.5 million series C funding round, underscores its commitment to shared wealth creation.

    LLMs can help reduce polarisation in elections: report

    A report titled ‘An AI Experiment for Augmented Democracy in India’ highlights the positive aspects of using AI in elections to help overcome traditional obstacles in future, making them essential in modern political contexts. However, cybersecurity experts have voiced concerns about the potential misuse of AI and deepfake technology, to sway voters.

    How AI made Mark Zuckerberg popular again in Silicon Valley

    Meta's CEO, Mark Zuckerberg, introduced an open-source AI system, challenging closed models like OpenAI. Jeffrey Emanuel, a hacker and AI enthusiast, initially skeptical, was impressed by Meta's move to make the code freely accessible.

    Arm offers new designs, software for AI on smartphones

    Arm Holdings unveiled new chip blueprints and software tools to enhance smartphones for AI tasks, aiming to accelerate adoption with changes in blueprint delivery.

    • Meta identifies networks pushing deceptive content likely generated by AI

      Meta found 'likely AI-generated' content on Facebook and Instagram, including comments praising Israel's handling of the Gaza war. The content was attributed to a Tel Aviv-based political marketing firm, STOIC.

      OpenAI signs content deals with The Atlantic and Vox Media

      The agreements with The Atlantic and Vox Media come on the heels of several media firms signing similar deals, giving OpenAI access to their news content and archives to train its large language models.

      OpenAI forms AI safety committee after key departures

      OpenAI, the company behind ChatGPT, announced the formation of a new safety committee on Tuesday, weeks after the departures of key executives raised questions about the firm's commitment to mitigating the dangers of artificial intelligence. The committee's formation comes on the heels of recent executive departures that stoked concerns about OpenAI's AI safety priorities.

      OpenAI says it has begun training a new flagship AI model

      The San Francisco startup, which is one of the world's leading AI companies, said in a blog post that it expected the new model to bring "the next level of capabilities" as it strove to build "artificial general intelligence," or AGI, a machine that can do anything the human brain can do.

      PWC to become OpenAI's largest enterprise customer, WSJ reports

      PWC will roll out a version of Microsoft-backed OpenAI's flagship chatbot catered towards large companies- ChatGPT Enterprise, according to the report.

      HCLTech infuses GenAI into MRO solution to drive enterprises' asset utilisation

      HCL Technologies enhances its MRO solution with GenAI capabilities, optimizing asset utilization and streamlining maintenance processes in SAP S/4HANA with a comprehensive natural language inspection and repair findings report.

      OpenAI's Sam Altman pledges to donate over half of his fortunes

      The move comes after a tumultuous six months for Altman, the co-founder of the San Francisco-based company behind ChatGPT and a venture capitalist who Forbes says amassed much of his $1 billion through investments.

      Ex-OpenAI board member provides her first detailed account of CEO Sam Altman's ouster

      Former OpenAI board member Helen Toner revealed on a podcast the backstory behind the firing and rehiring of CEO Sam Altman, citing instances of psychological abuse and a toxic atmosphere at the company due to a manipulative executive.

      Top EU data regulator says tech giants working closely on AI compliance

      Des Hogan, Data Protection Commissioner in Ireland, highlighted the broad powers of national regulators to enforce changes in AI products for data privacy compliance.

      Cathie Wood's Ark buys stake in Elon Musk's xAI: report

      Cathie Wood's Ark Investment Management purchased a stake in xAI, Elon Musk's AI startup valued at $24 billion, as reported by Bloomberg News.

      ChatGPT meets Beckn in FIDE’s AI agent BecknGPT

      The AI agent, Beckn Generative Pre-trained Transformer or BecknGPT, is an open-source demonstration app over Open AI’s ChatGPT.

      OpenAI's Scarlett Johansson gaffe pushes voice cloning into spotlight

      OpenAI was forced to apologise to actor Scarlett Johansson last week for using her voice -- or something very similar -- on its latest chatbot, throwing the spotlight on to voice-cloning tech. OpenAI uses similar systems though they do not release any details.

      Eye on AI: Scarlett Johansson sues OpenAI, Microsoft's Copilot+ PCs

      The top headlines on AI this week: Scarlett Johansson sues ChatGPT maker OpenAI for using a voice similar to hers, Microsoft's new offering, and what Elon Musk said.

      AI search goes awry for Google

      The incorrect answers in the feature called AI Overview have undermined trust in a search engine that more than 2 billion people turn to for authoritative information.

      Elon Musk plans largest-ever supercomputer for xAI startup: report

      Billionaire tech mogul Elon Musk has told investors he plans to build a supercomputer dubbed "gigafactory of compute" to support the development of his artificial intelligence startup xAI, an industry news outlet reported Saturday. The planned supercomputer would be "at least four times the size of the biggest GPU clusters that exist today," such as those used by Meta to train its AI models, Musk was quoted as saying during a presentation to investors this month.

      US intelligence agencies' embrace of generative AI is at once wary and urgent

      A Silicon Valley firm used generative AI in the Sable Spear operation to analyze Chinese fentanyl trafficking data, surpassing human analysis. It predicted Russia's invasion of Ukraine and alerted government customers to North Korean missile launches. U.S. intelligence agencies are exploring AI for geospatial intel and assessing AI missions.

      Cats on the moon? Google's AI tool is producing misleading responses that have experts worried

      Google's AI-powered search engine now provides instant answers, but errors like fake facts and debunked theories are causing concern. Experts warn of bias, misinformation, and potential dangers, especially in emergency situations.

      AI relies on mass surveillance, warns Signal boss

      Pushing back against the unquestioning enthusiasm at VivaTech in Paris, Europe's top startup conference where industry players vaunt the merits of their products, Meredith Whittaker said concerns about surveillance and those about AI were "two framings of the same thing".

      Nobody would have to work in 'benign' AI scenario, Musk says

      "Long-term, in a benign scenario, any job that somebody does will be optional, like if you want to do a job as kind of like a hobby. You do a job, but otherwise the AI and the robots will provide any goods and services that you want," Musk told the Vivatech trade fare in Paris via a video link.

      Nvidia profits soar on demand for AI power

      Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.

      Govts, tech firms vow to cooperate against AI risks at Seoul summit

      More than a dozen countries and some of the world's biggest tech firms pledged on Wednesday to cooperate against the potential dangers of artificial intelligence, including its ability to dodge human control, as they wrapped up a global summit in Seoul. These dangers also include an AI model that could potentially "evade human oversight, including through safeguard circumvention, manipulation and deception, or autonomous replication and adaptation", they added.

      Amazon to launch AI-overhauled Alexa with paid plans, CNBC reports

      While the e-commerce giant is yet to nail down the price of the new services, a subscription to Alexa will not be included in its popular $139 annual Prime offering, the report said, citing people with knowledge of the company's plans.

      Explainer: What's new in Copilot+ PC?

      A new breed of PCs made for the AI era is set for launch on June 18.

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