Tag Archives: GenAI

Griffin Says GenAI Fails to Help Hedge Funds Beat Markets  Bloomberg.com Ken Griffin Warns AI Boom Could Take Decades, Not Years: ‘Could Be 20 Years…It Can Be 30 Years’  Benzinga Source link

Nintendo has denied reports that it has been lobbying Japanese lawmakers against generative AI, insisting it “has not had any contact with the Japanese government” about the highly controversial emerging tech. The denial comes after Japanese politician Satoshi Asano posted an apology on social media after claiming Nintendo was lobbying the Japanese government. This was followed by a further apology …

Amid a consumer boycott of their Xbox business, Microsoft are apparently ending the Israeli military’s access to certain Azure cloud and generative AI technologies used to surveil Palestinians in Gaza and the West Bank. As reported by the Guardian, one of the publications who originally exposed the surveillance project, the company told Israeli officials last week that spy agency Unit …

Scale AI just laid off approximately 200 full-time employees (14% of its 1,400-person workforce) and 500 contractors, according to the company. This comes after Meta invested $14 billion into Scale AI last month as part of a blockbuster AI deal that included the hiring of Scale’s ex-CEO, Alexandr Wang, to lead its new Superintelligence group and the purchase of equity in almost …

Scale AI, the AI industry’s chief data dealer, will lay off 14 percent of its workforce, or about 200 employees, just one month after Meta took a multibillion-dollar stake in the company and hired its CEO and other staff. The layoffs include 500 of its global contractors, Scale spokesperson Joe Osborne told The Verge, adding that it’s all part of …