Category Archives: AI Development

DeepSeek disrupts big tech and exposes the inefficiencies of expensive AI

Faced with a competitor whose product costs 90% less, Google, Meta, Microsoft and Amazon keep going with needlessly expensive AI. Constantine von Hoffman on February 18, 2025   Last week, OpenAI CEO Sam Altman announced ChatGPT users will have unlimited access to its upcoming GPT-5 release free of charge. He said it is being done … Continue reading DeepSeek disrupts big tech and exposes the inefficiencies of expensive AI

Former Google Employees Create 14 Of The Top 50 AI Startups (DD)

Former Google Employees Create 14 Of The Top 50 AI Startups by Laurie Sullivan , Staff Writer @lauriesullivan, December 9, 2024 Former Google employees have had a profound influence on artificial intelligence. Fourteen of the top 50 AI startups have roots in Google. These companies have been co-founded and led by former employees. They have raised … Continue reading Former Google Employees Create 14 Of The Top 50 AI Startups (DD)

AI offers financial firms a hand but isn’t ready for more complex tasks

June 28, 2024 AI offers financial firms a hand but isn’t ready for more complex tasks The spread of AI-based systems offers big opportunities for financial services firms, executives say, but asset managers also face higher stakes than other consumer-facing businesses because they manage sensitive information. BY Reuters The spread of artificial intelligence-based systems offers big … Continue reading AI offers financial firms a hand but isn’t ready for more complex tasks

Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says

  June 25, 2024 Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says The BIS cautioned that AI also introduces risks, such as new types of cyber attacks, and may amplify existing ones, such as herding, bank runs and financial asset fire sales. BY Reuters Central banks should embrace the benefits of artificial … Continue reading Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says

If Clearview AI scanned your face, you may get equity in the company

If Clearview AI scanned your face, you may get equity in the company The deal is designed to help the privacy-abusing company avoid bankruptcy. steve dent   Fri, Jun 14, 2024 Clearview AI Controversial facial recognition company Clearview AI has agreed to an unusual settlement to a class action lawsuit, The New York Times reports. … Continue reading If Clearview AI scanned your face, you may get equity in the company