Visa Commits $100 Million to Shape the Future of Commerce with Generative AI Ventures Initiative
Visa unveils a $100 million Generative AI Ventures initiative to invest in the development of generative AI technologies and applications set to revolutionize the future of commerce and payments. The initiative, spearheaded by Visa Ventures, builds upon Visa’s legacy of pioneering AI in payments and aims to support innovative startups at the intersection of generative AI, commerce, and payments. 13 October 2023 – Visa, a...
Kaspersky Expert Explores How AI Can Fill the 2.1 Million Cybersecurity Talent Gap in Asia Pacific
Kaspersky expert Saurabh Sharma explores how Artificial Intelligence (AI) can help address the acute shortage of 2.1 million cybersecurity professionals in the Asia Pacific (APAC) region. As cyber threats continue to evolve, Sharma emphasizes the potential of AI in key areas such as threat intelligence, incident response, and threat analysis. However, he also highlights the importance of AI as a tool to complement human expertise...
How AI is being used by cybercriminals to launch APT attacks
Kaspersky reveals that AI is not limited to the creation of malicious software but is also employed throughout various stages of advanced cyberattacks, from reconnaissance to data exfiltration. The article highlights how AI can be used to craft convincing phishing messages, adapt malware behavior, enhance persistence techniques, and optimize data theft, emphasizing the importance of advanced security solutions, regular software...
Unipopcorn Harnesses AI to Revolutionize Advertising and Product Placement
Unipopcorn, a forward-thinking American startup founded by experienced entrepreneurs, is poised to revolutionize advertising and product placement through AI-powered strategies. Their innovative virtual product placement approach extends viewer engagement, while a user-friendly platform empowers content creators to seamlessly integrate products into video content. 1 September 2023 – Unipopcorn, a pioneering American startup, is...
AI’s Potential and Cybersecurity Concerns Amidst the Rise of ChatGPT
As AI, exemplified by ChatGPT’s impact, gains prominence, Kaspersky’s innovative Cyber Immunity concept addresses AI misuse concerns and fosters secure IT systems. The Asia-Pacific region leads the AI revolution with doubling AI spending by 2026, prompting Kaspersky to advocate for secure AI implementation to leverage its potential without compromising cybersecurity. 28 August 2023 – The rapid evolution of Artificial...
Meta’s Code Llama: The Cutting-Edge AI Model Streamlining Code Writing and Debugging
Meta Platforms, the parent company of Facebook and Instagram, is propelling its AI agenda forward with the launch of Code Llama. An AI model built on the foundation of Meta’s Llama 2 language model, Code Llama aids developers by generating code, streamlining code completion, and debugging processes. 25 August 2023 – Tech giant Meta Platforms, formerly known as Facebook, is making bold strides in the realm of artificial...
Hugging Face Surges to $4.5 Billion Valuation with $235 Million Funding Boost from Tech Titans
Hugging Face, an AI startup, has achieved a $4.5 billion valuation following a $235 million funding round supported by major tech entities like Salesforce, Google, and Nvidia. This funding reflects the escalating influence of AI, with significant contributions from various industry giants. 25 August 2023 – AI startup Hugging Face has secured a remarkable valuation of $4.5 billion through a successful funding round of $235...
Meta Platforms Launches SeamlessM4T AI Model Enabling Multilingual Communication in the Metaverse
Meta Platforms introduces the SeamlessM4T AI model, facilitating multilingual speech translation and transcription, aligning with its vision of global interactions within the metaverse. The model supports text-to-speech translations for almost 100 languages and full speech-to-speech translation for 35 languages, combining capabilities from separate models, while being offered for non-commercial use. 23 August 2023 – In a...
SK Telecom Fuels AI Future with $100 Million Investment in Anthropic for Telecommunications-Driven Innovations
SK Telecom’s $100 million investment in Anthropic signals a strategic effort to bolster its telecommunications-focused AI ventures. Anthropic, known for its competitive AI models, will collaborate with SK Telecom to develop a telecommunications-oriented multilingual large language model and a robust AI platform. This investment aligns with SK Telecom’s commitment to advancing AI innovation within the telecommunications...
Meta Platforms Introduces Open-Source AI Tool “AudioCraft” for Music and Audio Creation
Meta Platforms has introduced an open-source AI tool called “AudioCraft” that enables users to generate music and audio based on text prompts. The tool includes three models, including MusicGen trained on proprietary and licensed music, but concerns about copyright violations arise as such AI tools rely on web-sourced data for pattern recognition. 2 August 2023 – Meta Platforms has unveiled an open-source AI tool...
Worldcoin Sets Sights on Global Expansion with Iris-Scanning Identity Technology
Worldcoin, co-founded by OpenAI’s CEO Sam Altman, is embarking on a worldwide expansion, offering its innovative iris-scanning and identity-verification technology to organizations globally. With over 2.2 million users already engaged, the initiative aims to establish a robust financial and identity community while navigating privacy concerns associated with biometric data. 2 August 2023 – Worldcoin, a pioneering venture...
Empowering Accountants for the Future: MICPA x CA ANZ Qualifying Programme
The integration of automation and AI in Malaysia’s accounting profession, as highlighted by McKinsey & Co.’s research, presents a substantial opportunity for increased efficiency. The collaborative MICPA x CA ANZ Qualifying Programme equips accountants with necessary expertise to navigate the complexities of automation and AI, ensuring they become valued advisors in Malaysia’s evolving digital landscape. Recent...
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...
