Business

Startup Ideogram Raises $80 Million for AI Image Generation

(Bloomberg) — Ideogram, a company developing artificial intelligence image generation technology, is raising $80 million from investors — a large round for a startup that’s less than two years old.  HT Image The Toronto-based startup is set to announce its Series A funding round on Wednesday, Ideogram Chief Executive Officer and co-founder Mohammad Norouzi told Bloomberg. Andreessen Horowitz is

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Technology

Google Goes For No-Code Gaming: New ‘Genie’ AI Tool Can Develop Games From Mere Text Inputs

In a move set to redefine the landscape of gaming and creative ventures, Google’s DeepMind team has introduced “Genie,” a groundbreaking AI model. Unveiled by the Open-Endedness Team at Google DeepMind, Genie represents a significant advancement in artificial intelligence (AI) technology. It presents itself as an innovative platform capable of generating interactive 2D video games

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Technology

Microsoft Following Monopolistic Agenda In Cloud & GenAI Development, Google Alleges: Report

Alphabet’s Google Cloud has intensified its critique of Microsoft’s strategies in cloud computing, alleging that the tech giant is pursuing a monopolistic agenda detrimental to the advancement of nascent technologies like generative artificial intelligence, reported Reuters. This comes amidst growing scrutiny in various regions including Britain, the European Union, and the United States regarding the

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Technology

Facebook-Parent Meta To Combat Disinformation, GenAI Risks With New Team

Meta, the parent company of Facebook, has announced plans to establish a dedicated team to combat disinformation and address concerns surrounding the misuse of generative artificial intelligence ahead of the upcoming European Parliament elections slated for June. The move comes amidst growing apprehensions regarding election interference and the proliferation of misleading AI-generated content. The surge

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Business

SEBI Is Using AI For Investigations, Says Whole Time Member Kamlesh Chandra Varshney

The Securities and Exchange Board of India’s (SEBI) Whole Time Member Kamlesh Chandra Varshney said on Saturday that the organisation has implemented Artificial Intelligence (AI) for conducting investigations. He stressed on the importance of entities staying in sync with technological advancements. Amid concerns about market manipulations, Varshney underscored the benefits of adhering to regulations, cautioning

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Business

Could Nvidia’s CEO Jensen Huang enter world’s 20 richest list?

Nvidia Corp. Chief Executive Officer Jensen Huang could become one of the richest people in the world as the company’s stock reached new dizzying heights. Jensen Huang’s wealth jumped $9.6 billion to $69.2 billion which puts him ahead of Charles Koch and Chinese bottled-water tycoon Zhong Shanshan and leads him to the 21st place on

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