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TLDR: Bank of America analyst Vivek Arya has raised Nvidia’s price target to $800 Nvidia’s growth potential in AI accelerators is highlighted in anticipation of the GPU Tech Conference BofA analyst Vivek Arya has reiterated a Buy rating on Nvidia Corp (NVDA), boosting the price target to $800 from $700. The chip designer will report … Read more Nvidia’s Set to Grow, Analysts Laud AI Power and B100 Launch
TLDR: The FCC is planning to criminalize AI-powered robocall spam. The use of machine-learning software in robocall scams has become prevalent, with scammers using AI voice cloning technology to deceive and manipulate consumers. The FCC believes that these practices should be illegal under existing law and is taking steps to crack down on these scams. … Read more FCC aims to outlaw AI robocall junk.
TLDR: – UK ministers have been urged to protect content creators whose work is being used by AI companies without permission. The House of Lords committee has stated that the current legal framework does not adequately enforce copyright principles in the face of AI development. Some tech firms are using copyrighted material to train language … Read more Call on UK ministers: Shield creatives affected by AI firms!
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– Amazon has beta launched a generative AI-powered shopping assistant called Rufus. – Rufus is trained on Amazon’s product catalog, customer reviews, and information from across the web to provide personalized recommendations and answer questions. Amazon has introduced a new generative artificial intelligence (AI)-powered shopping assistant called Rufus. Currently in beta, Rufus is available to … Read more Introducing Rufus: Amazon’s AI Shopping Assistant Takes Shopping to New Heights
TLDR: Apple CEO Tim Cook confirmed that the company is working on generative AI software features that will be released later this year. Analysts believe that this indicates a big release in the fall and suggests ambitious plans for integrating AI into Apple’s software platforms. During Apple’s quarterly earnings call, Tim Cook hinted at the … Read more Apple’s generative AI features coming soon, confirmed by Tim Cook!
In a new study conducted by consulting firm CVL Economics, it has been found that generative artificial intelligence is posing a significant threat to jobs in the Hollywood entertainment industry. The study surveyed 300 industry leaders, revealing that three-fourths of respondents indicated that AI tools supported the elimination, reduction, or consolidation of jobs in their … Read more Hollywood Jobs on the Line with AI
TLDR: A bipartisan group of US senators has introduced a bill that would criminalize the spread of nonconsensual, sexual deepfake images created through artificial intelligence. The bill, called the Disrupt Explicit Forged Images and Non-Consensual Edits Act of 2024, would allow victims depicted in nude or sexually explicit “digital forgeries” to seek a civil penalty … Read more Swift AI visuals spark law banning nonconsensual intimate deepfakes.
TLDR Microsoft’s earnings for the second quarter of the 2024 fiscal year beat analyst estimates, driven by strong performance in its cloud segment. CEO Satya Nadella highlighted the growth of Azure AI and the company’s focus on scaling artificial intelligence. The success of Microsoft’s partnership with OpenAI and the expected AI adoption cycle were also … Read more Microsoft’s Earnings Call: 4 Crucial Insights to Grab!