The UK Competition and Markets Authority (CMA) has raised alarms regarding the possibility of a collusion among a handful of American tech giants, aiming to manipulate the AI market in their favor. The focus of their worry centers on the control exerted by these companies over the development and commercialization of foundation models (FMs), with Open AI’s GPT being a prominent example.
President Yoon Suk Yeol recently detailed South Korea’s aggressive moves to establish its supremacy in the global semiconductor sector, including a staggering $6.94 billion commitment to AI by 2027. Amid fierce competition, South Korea’s largest telecom firm, SK Telecom, is paralleling governmental efforts with its own investment in AI firms.
In a strategic move to accelerate artificial intelligence (AI) adoption across its vast network, Orange has teamed up with Google Cloud to deploy AI solutions closer to its operations and customers. The collaboration, announced at Google’s Cloud Next ’24 event in Las Vegas, aims to leverage Google Distributed Cloud (GDC), a fully managed hardware and software solution.
The transformative growth of AI is undeniably impressive but raises several concerns. Despite their potential for innovation, GenAI advancements could blur the line between fact and fiction, adding to the challenge of distinguishing authentic information. NTT calls for flexible but robust regulations to manage potential threats to trust and democracy, citing the need for education, copyright updates, and content labelling.
Archetype AI, a pioneering company dedicated to leveraging artificial intelligence for practical solutions, has officially emerged from stealth mode to introduce Newton™, a groundbreaking foundational model designed to comprehend and interpret the physical world like never before. This innovative initiative aims to empower individuals and organizations with unprecedented insights into their surroundings.
Microsoft embarks on an ambitious project, unveiling Microsoft AI London – a hub focused on advancing AI research and development. Helmed by AI scientist Jordan Hoffman, the hub will concentrate on building innovative language models and key infrastructure. Further enriching the UK’s AI ecosystem, the project aligns with Microsoft’s substantial investment strategy advancing the UK workforce towards the AI era.
Several major technology companies have joined forces to establish The AI-Enabled ICT Workforce Consortium, aimed at enhancing skills and knowledge among tech professionals facing potential disruption from artificial intelligence (AI). Notable participants include Cisco, Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft, and SAP, supported by key industry and labor organizations.
Intermedia Cloud Communications, a renowned provider of cloud communications and collaboration solutions, introduced its latest venture, Intermedia Healthcare Solutions, at the prestigious Enterprise Connect event. This groundbreaking initiative aims to revolutionize healthcare communications and collaboration through the integration of advanced cloud technology and artificial intelligence (AI).
Amid the AI giants like Google and Microsoft, stands Amazon with its prolific investment of $2.75 billion in San Francisco’s AI startup, Anthropic. This strategic venture is Amazon’s biggest external contribution since its establishment. In return, Anthropic pledges to use Amazon Web Services as its chief cloud solution, employing AWS’s state-of-art infrastructure for their AI models. With $7.3 billion funding recently, Anthropic is galvanizing investors globally.
In a significant development at the Gartner Data & Analytics Summit in Orlando, FL, Alkira, a leader in agentless multi-cloud networking, has teamed up with RestorePoint.AI, known for its Secure Managed Data as a Service, to introduce a revolutionary cloud-based data management service. This collaboration is designed to empower mid-market enterprises with a private, secure network, accelerating the process of deriving value from analytics and Generative AI (GenAI) without the need for extensive resources.
