AI News

Follow the latest AI and automation news

14 Jul 202629 Muharram 1448 AH

Son: AI Investments to Reach $5 Trillion Annually by 2040

Masayoshi Son, CEO of SoftBank, dismissed concerns about an investment bubble in artificial intelligence, predicting that the sector will require annual investments of $5 trillion by 2040. During the SoftBank 2026 conference in Tokyo, Son stated that this level of spending would be justified if AI becomes one of the largest drivers of the global economy.

Infrastructure

14 Jul 202629 Muharram 1448 AH

Nvidia Reduces Authorized Asian Customers for AI Chips

Nvidia has reduced the number of authorized Asian customers for its AI chips by over half, following the establishment of a new 'white list' for companies that passed stricter compliance checks. According to the Financial Times, Nvidia has intensified due diligence procedures in Singapore, Malaysia, and Japan, resulting in the exclusion of more than half of its previous customers, particularly new cloud service providers. This move is part of a renewed review process, allowing companies that failed the initial review to make changes and reapply, amid U.S. directives aimed at limiting advanced AI chip access to China.

Agents

14 Jul 202629 Muharram 1448 AH

Unitree Robotics Partners With Hunan Steel: A Physical AI Infrastructure Company Emerges

Unitree Robotics has signed a strategic cooperation agreement with Hunan Iron and Steel Group, marking a significant deployment of legged robots in heavy industry. This partnership will establish the first embodied intelligence robot innovation laboratory in the steel industry, covering intelligent inspection, maintenance, and smart factory implementation.

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Saudi launches AI economic data platform

How might the new economic data platform impact investment in Saudi Arabia?

Business

Uber’s product chief on hotels, robotaxis, and why the company doesn’t want to be “everything for everyone”

14 Jul 202629 Muharram 1448 AH

Business

14 Jul 202629 Muharram 1448 AH

Uber’s product chief on hotels, robotaxis, and why the company doesn’t want to be “everything for everyone”

Sachin Kansal, Uber's Chief Product Officer, detailed the company's ambitions in financial services and its increasingly complex relationship with Waymo. He also discussed the new AV Labs data operation aimed at enhancing the experience for riders and drivers. Uber aims to integrate AI into its services, directly impacting how riders and drivers interact with the platform. These steps are part of Uber's broader strategy to enhance its financial services and expand the use of autonomous driving technologies.

Business

Canadian Warning on AI Risks to Banking Cybersecurity

13 Jul 202628 Muharram 1448 AH

Business

13 Jul 202628 Muharram 1448 AH

Canadian Warning on AI Risks to Banking Cybersecurity

The Canadian federal banking regulator has warned about cybersecurity risks posed by advanced AI models, particularly Claude Mythos. In an April letter, the agency urged banks and insurance companies to enhance their response speed to cyber risks, noting that these models significantly reduce the time available to identify security vulnerabilities.

Models

What Anthropic’s latest AI discovery does—and doesn’t—show

13 Jul 202628 Muharram 1448 AH

Models

13 Jul 202628 Muharram 1448 AH

What Anthropic’s latest AI discovery does—and doesn’t—show

Anthropic, the world's most valuable AI company, recently announced a breakthrough in understanding its models. This discovery pertains to a space within large language models known as J-space, which contains words that influence outputs without appearing in them. Anthropic invests heavily in mechanistic interpretability, aiming to comprehend how AI models function. CEO Dario Amodei stated that understanding these mechanisms is key to fully controlling large language models.

Business

OpenAI's new prompting guide tells users to stop overthinking and start with the result

13 Jul 202628 Muharram 1448 AH

Business

13 Jul 202628 Muharram 1448 AH

OpenAI's new prompting guide tells users to stop overthinking and start with the result

OpenAI has released a new prompting guide aimed at everyday users, simplifying the use of its tools. The guide includes four optional building blocks: goal, context, format, and constraints, helping users focus on the desired outcomes rather than the steps to achieve them. This is the first guide that combines both Chat and Codex into a single framework, reflecting OpenAI's commitment to enhancing user experience.

Business

Apple Affected by OpenAI Lawsuit, Delaying New Phone Development

13 Jul 202628 Muharram 1448 AH

Business

13 Jul 202628 Muharram 1448 AH

Apple Affected by OpenAI Lawsuit, Delaying New Phone Development

The lawsuit filed by Apple against OpenAI is casting shadows over the company's plans to develop new devices that could compete with iPhones. Reports indicate that the negative effects are already noticeable even before any court ruling is issued, raising concerns within the company. The case is not just a legal dispute but also impacts Apple's market strategy. According to Bloomberg, delays in developing new phones may hinder Apple's ability to compete effectively in the smartphone market.

Agents

Turing Award winner Rich Sutton founds Oak Lab to build AI agents that learn on their own

13 Jul 202628 Muharram 1448 AH

Agents

13 Jul 202628 Muharram 1448 AH

Turing Award winner Rich Sutton founds Oak Lab to build AI agents that learn on their own

Richard Sutton, the 2024 Turing Award winner, has announced the launch of a new startup called Oak Lab in Toronto. He describes current deep learning methods as "weak and inefficient" and aims to create AI agents that learn continuously from their environment. This initiative comes at a time when the AI field is in dire need of more efficient learning methods. Sutton emphasizes that the agents he aims to develop will rely on continuous learning, allowing them to better adapt to changes in their surroundings.