Stability AI Names Prem Akkaraju as New CEO Following $100 Million Investment
June 22, 2024 – According to a report by The Information, citing sources close to the decision, Stability AI, a UK-based artificial intelligence startup, has appointed Prem Akkaraju as its new Chief Executive Officer. Akkaraju, the former CEO of visual effects company Wētā FX, is part of a group of investors that includes Sean Parker,…
Report Reveals Shocking Data Wastage: 70-80% of Data on Some Servers Remains Unused
June 22, 2024 – A recent report from NetApp, a leading provider of enterprise data infrastructure solutions, has revealed a startling statistic: a staggering 70% to 80% of stored data in some companies remains unused. This significant finding highlights a considerable waste of resources in the realm of data storage. Matt Watts, the Chief Technology…
OpenAI CTO Reveals: GPT-5 to Launch in 18 Months, Promises PhD-Level Intelligence in Certain Fields
June 22, 2024 – In an interview released this Thursday by Dartmouth Engineering School, Mira Murati, the Chief Technology Officer of OpenAI, likened the leap from GPT-4 to GPT-5 to the growth from a high school student to a PhD holder. “If you look at the evolution trajectory of GPT, systems like GPT-3 might have…
OpenAI Bolsters Search Powers with Acquisition of Rockset
June 22, 2024 – On June 21 local time, OpenAI announced the completion of its acquisition of Rockset, a company specializing in database retrieval and analysis. This move is aimed at integrating Rockset’s technology and talent to enhance the search infrastructure of OpenAI’s various products. In its press release, OpenAI emphasized that artificial intelligence has…
Sony RX100 VIII with AI and Vlog Features Set to Hit the Market by Year-End
June 22, 2024 – According to SonyAlphaRumors, Sony is planning to release the RX100 VIII camera by the end of 2024. This upcoming model is expected to introduce AI and Vlog-related features, marking a significant upgrade from its predecessor. Additionally, Sony is rumored to be launching a new lens to replace the current 24-200mm offering….
Samsung Expects 13% Boost in Smartphone and Tablet Production for First Half of 2024, Thanks to Galaxy AI Catalyst
June 22, 2024 – According to a report by The Elec, a Korean media outlet, Samsung Electronics is estimated to have exceeded its production forecast for smartphones and tablets in the first half of 2024. The company is expected to overachieve its production targets by 13% for the six-month period, driven by strong performance in…
Apple AI Seeks Partnership with Chinese Giants Baidu, Alibaba, and BaiChuan
June 22, 2024 – According to a report by The Wall Street Journal on Thursday, Apple is currently actively seeking partnership with a local Chinese company to launch its “Apple-branded AI,” Apple Intelligence, in China. The report mentioned that Apple has engaged in discussions with Baidu, Alibaba, and startup BaiChuan, although no agreements have been…
Tesla’s FSD Dilemma: Progress Brings New Hurdles, Says Musk
June 19, 2024 – At the 2024 annual shareholder meeting of Tesla, CEO Elon Musk discussed a significant challenge facing the company’s Fully Self-Driving (FSD) system. This challenge, which aligns with speculations made by industry insiders two years ago, could potentially impact Tesla’s goal of achieving autonomous taxi services. According to Musk, as the FSD…
Musk’s Acquisition Leads to a 40% Drop in X Platform’s 2023 Half-Year Revenue
June 19, 2024 – Since Elon Musk’s acquisition of the X platform, previously known as Twitter, the company has experienced a significant decline in revenue, as the billionaire entrepreneur had anticipated. According to regulatory documents obtained by Bloomberg, the X platform generated 1.48billioninrevenueduringthefirsthalfof2023,representingadecreaseofapproximately4044 billion. The documents also revealed that the X platform incurred a loss…
Samsung Targets “Super-Connected Ecosystem” with AI-Equipped Home Appliances Next Year
June 19, 2024 – According to a report by Businesses Korea on the 18th, Samsung Electronics plans to integrate AI functionality into its home appliances starting next year. Following the launch of its first AI smartphone, the Galaxy S24, earlier this year, Samsung aims to swiftly dominate the “super-connected ecosystem” spanning home appliances and smartphones,…