Stability AI laid off several employees to "right-size" the business after a period of unsustainable growth, according to an internal memo obtained by CNBC.
Verizon CEO Hans Vestberg highlighted the transformative potential for employing AI and generative AI across the operator’s network and for personalisation of tariffs as he discussed the operator's performance during Q1.
An AI start-up linked to work on generative AI by AWS faced troubled times, with reports it was cutting staff a matter of weeks after its CEO departed.
London-based AI unicorn Stability has laid off about a tenth of its workforce as part of a “strategic plan to reduce” costs just weeks after the departure of its founder and CEO. The layoffs, affecting around 20 staff, were announced by Stability in a company-wide memo on Wednesday evening, first published by Business Insider. The […]
Satisfaction with the AI overviews is increasing and Google will continue to evolve the experience this year, according to Sundar Pichai.
Sam Altman, CEO of OpenAI, addressed an audience of over one thousand people about his vision for the future of AI and its implications on society.
The CEO of Google’s AI division DeepMind Demis Hassabis reportedly the company was likely to spend north of $100 billion developing artificial intelligence technology.
The grim prediction comes from K Krithivasan, head of Indian IT giant Tata Consultancy Services (TCS). The second-largest company in India by market cap, it has more than 616,000 employees worldwide.Read Entire Article
We have all been guilty of falling under the foundation model spell of the past year-and-a-half, initiated by OpenAI’s unveiling of ChatGPT to the public. But it is not only where large language models (LLMs) such as GPT-4 are concerned that incredible progress has been made in the field of artificial intelligence. And one company has been behind more impressive milestones than most — DeepMind, acquired by Google in 2014 for a reported £400mn to £650mn. Speaking at the TED 40th...
Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Ioanna and Andrii talk about the potentially good news about ASML’s future in the Netherlands, the latest developments at Stability AI, carbon capture solutions, and much more. The guest of the show is Sebastian Aristotelis, whose title is co-founder and...
ADM CEO to resign Archer Daniels Midland has announced its chief financial officer will resign later this year. Vikram Luthar was put on administrative leave in January for accounting irregularities in ADM’s nutrition business while the company cooperated with an investigation. Luthar, who will step down Sept. 30, will reportedly receive over $743,000 as a cash performance incentive award for 2023. Students hospitalized after ingesting edibles ...
Krithivasan also said that TCS is working on projects of generative AI and it has doubled quarter over quarter to be worth $900 million at the end of fourth quarter as reported by Financial Times. He said that the order flow to'increase significantly' for the next few quarters