AI News

One clear sign that you’re at a developer conference: the crowd erupts with excitement over the debut of a new Calculator app. This addition received the loudest applause at WWDC 2024 so far. Of course, there's still about an hour left for the company to unveil more of its cutting-edge features.

Circu Li-ion's Revolutionary Battery Upcycling Technology: A Game Changer for Sustainability

Chatbots have significantly evolved over the years. Initially, they operated simply with predetermined responses based on a basic logic structure. However, customers today often face complex issues that cannot be resolved by a mere tree-diagram of scripted replies. Fortunately, the emergence of large language models (LLMs) has transformed chatbots into powerful tools. Startups are now harnessing the capabilities of generative AI to design custom chatbots for various industries, particularly in sectors where consumers seek assurance about their purchases.

Pimento: Revolutionizing Creative Ideation with Generative AI

When OpenAI connected ChatGPT to the internet, it enhanced the AI chatbot's capabilities dramatically. Now, You.com aims to do the same for all large language models (LLMs).

Brave Software, a leader in privacy-focused search engines and web browsers, is enhancing its Leo chatbot by integrating search results powered by the Brave Search API. This integration is designed to provide users with more current and relevant information directly within the Brave browser.

There’s both encouraging and concerning news regarding ChatGPT’s mobile initiatives. On the bright side, the AI chatbot is experiencing significant growth in both app installations and revenue, with September marking record performance: 15.6 million downloads and an impressive nearly $4.6 million in gross revenue across its iOS and Android platforms globally. However, according to fresh insights from market intelligence firm Appfigures, revenue growth is showing signs of slowing. In recent months, revenue growth rates exceeded 30%—31% in July and 39% in August—but this trend dropped to 20% growth in September.

The European Data Protection Supervisor (EDPS) has raised concerns that key elements of the European Union's data protection and privacy framework are under siege from industry lobbyists, potentially facing opposition from lawmakers in the upcoming parliamentary mandate.

Embracing AI in Automation: How Robovision is Revolutionizing Industries

Kaiber, the innovative generative AI creative studio known for producing music videos for popular artists like Kid Cudi and Linkin Park, has unveiled its new mobile app aimed at empowering creators, musicians, and artists. This app provides an extensive array of AI tools, including text-to-video, image-to-video, and video-to-video capabilities.

As generative AI increasingly integrates into enterprise software, companies are grappling with the challenge of fairly pricing these innovations to cover the costs associated with utilizing foundational large language models like OpenAI’s. Last May, Box launched Box AI, introducing generative AI capabilities through a strategic partnership with OpenAI. At BoxWorks, the company’s annual customer conference, they unveiled a novel pricing strategy for their AI features.

ChatGPT: A Milestone Year for OpenAI's AI Chatbot in 2023

Market Intelligence: A Growing Industry

As generative AI use grows, concerns about bias and fairness in large language models (LLMs) increase. An experiment found that ethically-informed prompts significantly reduced bias and promoted diverse representation compared to neutral prompts, highlighting the importance of inclusive language in AI.

A Financial Times report reveals that 56% of Fortune 500 companies now view AI as a business risk, amid fears of inadequate datasets and potential operational failures. However, some see AI as an opportunity for cost savings and innovation, with the global AI industry reaching $513.2 billion in 2023.