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Showing posts with the label FINANCE

Following the money to comprehend the dangers of AI

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Time and again, leading scientists, technologists, and philosophers have made spectacularly terrible guesses about the direction of innovation. Even Einstein was not immune, claiming, “There is not the slightest indication that nuclear energy will ever be obtainable,” just ten years before Enrico Fermi completed construction of the first fission reactor in Chicago. Shortly thereafter, the consensus switched to fears of an imminent nuclear holocaust. Similarly, today’s experts warn that an artificial general intelligence (AGI) doomsday is imminent. Others retort that large language models (LLMs) have already reached the peak of their p...... Read Full article on GretAi

Watch out for companies that claim to use cutting-edge technology. They could be using artificial intelligence as a marketing ploy to attract investors.

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Staying competitive in the finance sector is vital, with many companies moving quickly to adopt artificial intelligence (AI) to reduce costs and streamline operations. But two companies recently came unstuck when the United States Securities and Exchange Commission (SEC) accused them of exaggerating their use of AI, marking the world’s first significant move in combating so-called “AI washing”. Delphia (USA) Inc and Global Predictions Inc, boasted about using AI for designing investment strategies, but the SEC found their claims to be unsubstantiated. There’s much speculation around AI, especially with generative technology app Ch...... Read Full article on GretAi

Why the country's economy is stagnant and the steps being taken to revive it

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China’s annual parliamentary meetings in Beijing came to a close on March 11. They were conducted under great pressure: a weak economy and high expectations from both the domestic public and international observers as to what the government can do to get the economy out of the woods. The country’s leaders did not shy away from mentioning all of the economic problems facing China. But they also attempted to boost the morale of the Chinese public by outlining how the country would march into the next chapter of the Chinese story – mainly by striving to become a global leader in technology. The government used the meetings to declare tha...... Read Full article on GretAi

Friday's Video: $2.6 Billion

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Video Friday is your weekly selection of awesome robotics videos, collected by your friends at IEEE Spectrum robotics. We also post a weekly calendar of upcoming robotics events for the next few months. Please send us your events for inclusion. HRI 2024: 11–15 March 2024, BOULDER, COLORADO, USAEurobot Open 2024: 8–11 May 2024, LA ROCHE-SUR-YON, FRANCEICRA 2024: 13–17 May 2024, YOKOHAMA, JAPANRoboCup 2024: 17–22 July 2024, EINDHOVEN, NETHERLANDS Enjoy today’s videos! Figure has raised a $675 million Series B, valuing the company at $2.6 billion. [ Figure ] Meanwhile, here’s how things are going at Agility Robotics, whose l...... Read Full article on GretAi