Category: AI

AIBusiness

Former Meta Exec Nick Clegg Warns of “Pretty High” Chance of AI Market Correction

Former Meta executive Nick Clegg has warned that the artificial intelligence sector faces a “pretty high” chance of market correction. The former UK deputy prime minister cited “unbelievable, crazy valuations” and daily deal-making sprees as concerning indicators in the rapidly expanding industry.

AI Market Correction Risk “Pretty High” Says Former Meta Executive

Former Meta executive and British politician Nick Clegg has warned that the artificial intelligence sector faces a significant risk of market correction, according to his recent comments to CNBC. The former deputy prime minister of the United Kingdom stated that the likelihood of such an event is “pretty high” given current market conditions.

by Samuel Kim
AISoftware

ChatGPT Android App to Add DM and Group Chat Features, Potentially Expanding AI Interaction

The ChatGPT Android application appears poised to introduce direct messaging and group chat functionality, according to recent reports. These new features could enable conversations between multiple users and custom AI assistants simultaneously, marking a significant expansion of the platform’s capabilities.

ChatGPT’s Messaging Expansion

The ChatGPT Android app may soon introduce direct messaging and group chat capabilities, according to reports from technology analysts. Sources indicate these features would represent a substantial evolution of the AI platform’s functionality, potentially enabling more dynamic and collaborative interactions between users and artificial intelligence systems.

by Samuel Kim
AIStartups

AI Startup Valuations Surge $1 Trillion Amid Investor Frenzy, Bubble Concerns Mount

Artificial intelligence startups have seen unprecedented valuation increases totaling nearly $1 trillion over the past year, according to financial analysis. Venture capital firms have directed two-thirds of their total investment toward AI companies, fueling both optimism about transformative technology and concerns about an inflating bubble in private markets.

Unprecedented AI Valuation Surge

Ten lossmaking artificial intelligence startup companies have gained close to $1 trillion in valuation over the past 12 months, according to reports from financial analysts. This unprecedented increase has intensified concerns about an inflating bubble in private markets that sources indicate could potentially spill over into the wider economy.

by Priya Kapoor
AIStartups

AI Recruitment Startup Jack & Jill Raises $20M to Automate Job Matching

Jack & Jill, a London startup using conversational AI agents to automate recruitment, has raised $20 million in seed funding. The company’s dual AI system handles both job seeker coaching and company hiring processes, claiming to combine human nuance with technological scale.

AI Recruitment Platform Secures Major Funding

A London-based startup that has developed conversational AI agents to autonomously match job seekers with hiring companies has raised $20 million in seed funding, according to reports from Business Insider. Jack & Jill, founded just six months ago, has created a dual-agent system that operates on both sides of the recruitment process, sources indicate.

by Samuel Kim
AITechnology

Oracle’s Zettascale Supercomputer Targets AI Industry With Unprecedented Performance

Oracle has launched a groundbreaking supercomputer architecture combining hundreds of thousands of Nvidia GPUs across multi-gigawatt data centers. The system reportedly achieves unprecedented 16 zettaFLOPS performance, targeting industry-specific AI applications with accelerated computational capabilities.

Oracle’s AI Supercomputer Breakthrough

Oracle has unveiled what sources indicate is a revolutionary supercomputer architecture designed specifically for artificial intelligence workloads. The system integrates hundreds of thousands of Nvidia GPUs across multiple data centers, forming what analysts suggest could be the most powerful computational platform ever deployed for commercial AI applications.

by Priya Kapoor
AITechnology

Google Unveils Veo 3.1 Video Model with Enhanced Audio and Narrative Control in Flow Platform

Google has introduced Veo 3.1, its latest video generation model featuring enhanced audio capabilities and greater narrative control. The update brings significant improvements to the Flow AI filmmaking platform with new editing features and expanded creative possibilities for users.

Google Elevates AI Video Generation with Veo 3.1

Google has announced the release of Veo 3.1, its advanced video generation model that reportedly delivers richer audio, enhanced narrative control, and improved realism. According to reports from the company’s announcement, the updated model is now accessible through Google’s Flow AI filmmaking platform alongside several new creative capabilities.

by Priya Kapoor
AITechnology

Apple M5 Chip Performance Details Leak as Tech Industry Watches AI Executive Moves

Apple’s upcoming M5 chip promises dramatic improvements in machine learning workloads according to industry leaks. The news comes as Apple’s AI search development team faces leadership changes with recent appointee Ke Yang departing for Meta.

Apple’s M5 Chip Shows Major AI Performance Gains

Apple’s next-generation M5 processor is demonstrating “crazy fast” performance characteristics according to technical analysis shared by AI researchers, with particular emphasis on machine learning acceleration. Sources indicate the chip represents a significant leap over previous generations, with the M4 Max described as even faster than the base M5, while the M3 Ultra reportedly maintains the performance crown for now.

by Priya Kapoor
AIEnergyTechnology

Oracle Secures 2.3 GW Modular Gas Power Fleet From VoltaGrid for Texas AI Data Centers

Oracle is partnering with VoltaGrid to deploy 2.3 GW of modular natural gas generation across Texas data center sites. The collaboration aims to address AI workloads’ unique power demands with fast-response generation that requires zero battery storage.

Major Power Partnership for AI Infrastructure

Texas-based power specialist VoltaGrid will deploy 2,300 MW of modular, ultra-low-emissions natural gas generation to support Oracle Cloud Infrastructure’s artificial intelligence data centers across Texas, according to reports announced October 15. The collaboration combines VoltaGrid’s proprietary modular power platform with firm natural gas supplied by Energy Transfer’s 140,000-mile pipeline and storage network to deliver dependable, on-demand generation for Oracle’s expanding AI infrastructure.

by Priya Kapoor
AISoftware

Google Unveils Veo 3.1 AI Video Model with Enhanced Enterprise Capabilities

Google has launched Veo 3.1, its latest AI video generation model featuring significant upgrades in audio integration and creative control. The release targets enterprise users with enhanced editing capabilities and multimodal inputs while maintaining competitive pricing. Early adopters report mixed reactions compared to rival models like OpenAI’s Sora 2.

Google Advances AI Video Generation with Veo 3.1 Release

Google has officially unveiled Veo 3.1, its latest artificial intelligence video generation model, bringing substantial upgrades to narrative control, audio integration, and realism according to company reports. The release comes after days of online leaks and rumors, positioning Google’s technology against competing models like OpenAI‘s recently launched Sora 2. Sources indicate the updates expand creative possibilities for both individual creators and enterprise teams seeking scalable video production tools.

by Samuel Kim
AIPolicy

AFL-CIO Launches ‘Worker-Centered AI’ Initiative Demanding Labor Protections and Collective Bargaining Rights

The largest US federation of unions is demanding a “worker-centered AI” future through strengthened collective bargaining and regulatory action. The AFL-CIO’s initiative addresses workplace surveillance, job displacement, and worker involvement in AI development processes.

Major Labor Federation Demands Worker Protections in AI Transition

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) has launched what it’s calling the “workers first initiative on AI,” according to reports from the organization. The largest US federation of unions, representing 63 unions and nearly 15 million workers, is calling on employers and policymakers to join the effort to create what they term a “worker-centered technological future.”

by Priya Kapoor