The European Parliament has passed the landmark rules for artificial intelligence, called the EU AI Act, clearing a major obstacle for the first formal regulation of Artificial Intelligence in the West to become law. Artificial Intelligence has become a key battleground in the global technology industry as firms compete for a leading position in developing…
Amazon is using generative artificial intelligence to help users for finding the right product. Amazon recently started testing a feature in its shopping application that uses Generative AI to summarize reviews given by consumers on some products. It provides a brief summary of what shoppers liked and not liked about the product, along with a mention…
OpenAI CEO Sam Altman recently expressed that the whole world is clamoring for artificial intelligence technology and the market will deliver. Altman told tech executives, business founders, and the public at the Singapore Management University, “We have got sophisticated enough languages and also powerful enough computers that we could make AI bigger and bigger and…
Singapore’s Deputy Prime Minister Lawrence Wong said he expects artificial intelligence-like technologies to disrupt the labor market but also opines that it won’t eliminate jobs completely. At the Asia Tech x Singapore summit, Wong said, “In fact, technology can make humans more productive and create more jobs. I do not believe we will end up…
