SoftBank and Symbotic Unite to Revolutionize Warehouses with AI in New Joint Venture
SoftBank and Symbotic have teamed up to create GreenBox Systems, a joint venture aimed at developing AI-powered warehouses. SoftBank will hold a 65% stake in the venture, with Symbotic owning the rest. The collaboration represents a strategic move by SoftBank to embrace the potential of artificial intelligence amid the excitement surrounding AI advancements. 24 July 2023 – SoftBank Group and supply-chain services provider...
Promoting Transparent AI Usage: Malaysia Explores Regulations for AI Applications
The Ministry of Science, Technology, and Innovation in Malaysia is considering regulations to govern AI applications, including labeling AI-generated content. The proposed AI Act will undergo consultations with experts and stakeholders to ensure transparency and responsible AI usage. Additionally, the legislation will focus on data privacy, accountability, cybersecurity, and public awareness about AI to foster a cautious and informed...
VCI Global and Treasure Global Unite to Launch AI-Powered Travel Platform Enhancing Tourist Experiences in Malaysia
VCI Global and Treasure Global have partnered to introduce an AI-powered travel platform in Malaysia, offering real-time travel recommendations, seamless bookings, and built-in translation for an enhanced tourist experience. With Malaysia’s digital economy predicted to grow exponentially, this collaboration comes at a pivotal moment as the travel industry anticipates a surge in tourist arrivals post-pandemic. 22 July 2023...
Elon Musk Launches xAI, a Company Aiming to Understand the Universe
Elon Musk launches xAI, a new company focused on developing an alternative to OpenAI’s ChatGPT and exploring the mysteries of the universe. The team comprises executives with backgrounds in AI from companies like Google and DeepMind, and Musk’s involvement sparks both intrigue and criticism within the industry. 14 July 2023 – Entrepreneur Elon Musk has unveiled his latest venture, xAI, a company with the ambitious...
OpenAI Faces FTC Investigation Over Potential Risks to Consumer Data and Reputations
The US Federal Trade Commission has initiated an investigation into OpenAI Inc., raising concerns about potential risks to consumer data and reputations posed by its ChatGPT conversational AI bot. This regulatory probe reflects the increasing need for ethical AI practices and responsible innovation, potentially impacting the broader AI sector. 14 July 2023 – The US Federal Trade Commission (FTC) has launched an investigation...
Sapphire Venture to Infuse $1 Billion into AI Enterprise Startups, Driving Global Adoption
Sapphire Venture, under the leadership of President Jai Das, intends to invest over $1 billion in AI enterprise startups, strengthening the global adoption of this transformative technology. With a strong commitment to supporting AI companies, Sapphire Venture plans to build internal infrastructure to ensure their success. 11 July 2023 – Sapphire Venture, led by President Jai Das, unveiled plans to invest over $1 billion in AI...
AI-Powered Robotic Vehicles to Revolutionize Humanitarian Aid Delivery to Conflict Zones
AI-powered robotic vehicles are set to transform humanitarian efforts by delivering food parcels to conflict and disaster zones, reducing risks faced by aid workers. The World Food Programme (WFP) plans to test these vehicles without drivers in South Sudan through the AHEAD project in collaboration with the German Aerospace Center (DLR). By leveraging AI technology, these vehicles can navigate remote areas, combining data from various...
Nadine: The AI-Powered Social Robot Revolutionizing Caregiving for the Elderly
Social robot Nadine, designed with human-like features, has the potential to assist in caring for the sick and elderly, offering continuous support compared to human carers. Nadia Magnenat Thalmann, a robot expert, believes that robots like Nadine could help address staffing shortages in care homes and provide valuable assistance to vulnerable individuals. The International Telecommunication Union conference showcased other robots...
Inflection AI Raises RM6.04 Billion from Microsoft and Nvidia to Power Consumer-Facing AI Products
Inflection AI, a startup founded by Mustafa Suleyman and Reid Hoffman, has raised $1.3 billion (RM 6.04 billion) in a funding round led by Microsoft and Nvidia. The investment values the one-year-old company at $4 billion (RM18.6 billion) and will be used to strengthen its computing power and develop a more powerful foundational model for its consumer-facing AI products, including the chatbot Pi. CALIFORNIA, 4 July 2023 –...
Fahmi Foresees Information Technology as Key Driver of Economic Growth, Stresses Importance of AI Regulation
Malaysia’s Communications and Digital Minister highlights the potential of information technology as a mainstream economic driver, emphasizing the need for legal provisions and regulatory frameworks to ensure safe and beneficial use of artificial intelligence. KUALA LUMPUR, 20 June 2023 – Malaysia’s Communications and Digital Minister, Fahmi Fadzil, recognizes the potential of turning information technology into a...
