UK competition watchdog launches review of AI market

Posted on May 4, 2023 by Admin

CMA to look at underlying systems of artificial intelligence tools amid concerns over false information

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The UK competition watchdog has fired a shot across the bows of companies racing to commercialise artificial intelligence technology, announcing a review of the sector as fears grow over the spread of misinformation and major disruption in the jobs market.

As pressure builds on global regulators to increase their scrutiny of the technology, the Competition and Markets Authority said it would look at the underlying systems, or foundation models, behind AI tools such as ChatGPT. The initial review, described by one legal expert as a “pre-warning” to the sector, will publish its findings in September.

Microsoft shares up 8.3% as AI features give a boost to sales

Posted on April 25, 2023 by Admin

Redmond-based company exceeded analysts’ estimates, driven by its cloud computing and Office software businesses

Microsoft Corp beat Wall Street’s quarterly revenue and profit estimates on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales.

The company forecast that revenue in its main segments for the current quarter would match or top Wall Street targets.

Italy’s privacy watchdog bans ChatGPT over data breach concerns

Posted on March 31, 2023 by Admin

Measure is in place ‘until ChatGPT respects privacy’, says Italian Data Protection Authority

Italy’s privacy watchdog has banned ChatGPT, after raising concerns about a recent data breach and the legal basis for using personal data to train the popular chatbot.

The Italian Data Protection Authority described the move as atemporary measure “until ChatGPT respects privacy”. The watchdog said it was imposing an “immediate temporary limitation on the processing of Italian users’ data” by ChatGPT’s owner, the San Francisco-based OpenAI.

‘We are a little bit scared’: OpenAI CEO warns of risks of artificial intelligence

Posted on March 17, 2023 by Admin

Sam Altman stresses need to guard against negative consequences of technology, as company releases new version GPT-4

Sam Altman, CEO of OpenAI, the company that developed the controversial consumer-facing artificial intelligence application ChatGPT, has warned that the technology comes with real dangers as it reshapes society.

Altman, 37, stressed that regulators and society need to be involved with the technology to guard against potentially negative consequences for humanity. “We’ve got to be careful here,” Altman told ABC News on Thursday, adding: “I think people should be happy that we are a little bit scared of this.

Chinese ChatGPT rival from search engine firm Baidu fails to impress

Posted on March 16, 2023 by Admin

Shares plummet after Ernie Bot AI chatbot software falls short of expectations at unveiling in Beijing

The Chinese search engine company Baidu’s shares have fallen by as much as 10% after it presented its ChatGPT-like artificial intelligence software, with investors unimpressed by the bot’s display of linguistic and maths skills.

The AI-powered ChatGPT, created by the San Francisco company OpenAI, has caused a sensation for its ability to write essays, poems and programming code on demand within seconds, prompting widespread fears over cheating or of professions becoming obsolete.

OpenAI says new model GPT-4 is more creative and less likely to invent facts

Posted on March 14, 2023 by Admin

Latest version can take images as inputs and improves upon many of the criticisms users had, but will still ‘hallucinate’ facts

The artificial intelligence research lab OpenAI has released GPT-4, the latest version of the groundbreaking AI system that powers ChatGPT, which it says is more creative, less likely to make up facts and less biased than its predecessor.

Calling it “our most capable and aligned model yet”, OpenAI cofounder Sam Altman said the new system is a “multimodal” model, which means it can accept images as well as text as inputs, allowing users to ask questions about pictures. The new version can handle massive text inputs and can remember and act on more than 20,000 words at once, letting it take an entire novella as a prompt.

MP tells Australia’s parliament AI could be used for ‘mass destruction’ in speech part-written by ChatGPT

Posted on February 6, 2023 by Admin

Julian Hill has called for an inquiry or white paper to look into the risks and benefits of artificial intelligence

The federal Labor MP Julian Hill has used what is believed to be the first Australian parliamentary speech part-written by ChatGPT to warn that artificial intelligence could be harnessed for “mass destruction”.

On Monday the member for Bruce called for a white paper or inquiry to consider the “risks and benefits” of AI, warning it could result in student cheating, job losses, discrimination, disinformation and uncontrollable military applications.

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