Alibaba Cloud launches English version of AI model hub

Alibaba Cloud has taken a step towards globalising its AI offerings by unveiling an version of ModelScope, its open-source AI model community. The move aims to bring generative AI capabilities to a wider audience of businesses and developers worldwide.

ModelScope, which embodies Alibaba Cloud's concept of "Model-as-a-Service," transforms AI models into readily available and deployable services. Since its launch in mainland China in 2022, the platform has grown to become the...

Snap introduces advanced AI for next-level augmented reality

Snap introduces advanced AI for next-level augmented reality

While some may think Snapchat is fading, the app continues to attract a considerable number of active users.

Acknowledging past shortcomings in machine learning utilisation, Snap's CEO Evan Spiegel announced a new, assertive strategy to integrate AI and machine learning technologies into its services, marking a substantial departure from its long-term focus on revising its advertising approach.

In an interview with Bloomberg, Spiegel emphasised the need to improve their...

Musk ends OpenAI lawsuit while slamming Apple’s ChatGPT plans

Elon Musk has dropped his lawsuit against OpenAI, the company he co-founded in 2015. Court filings from the Superior Court of California reveal that Musk called off the legal action on June 11th, just a day before an informal conference was scheduled to discuss the discovery process.

Musk had initially sued OpenAI in March 2024, alleging breach of contracts, unfair business practices, and failure in fiduciary duty. He claimed that his contributions to the company were made "in...

Arm unveils new AI designs and software for smartphones

Arm unveils new AI designs and software for smartphones

AI models are rapidly evolving, outpacing hardware capabilities, which presents an opportunity for Arm to innovate across the compute stack.

Recently, Arm unveiled new chip blueprints and software tools aimed at enhancing smartphones' ability to handle AI tasks more efficiently. But they didn't stop there - Arm also implemented changes to how they deliver these blueprints, potentially accelerating adoption.

Arm is evolving its solution offerings to maximise the benefits...

Elon Musk’s xAI secures $6B to challenge OpenAI in AI race

Elon Musk xAI secures $6 billion to challenge OpenAI in AI race

Elon Musk founded xAI last summer, and The Verge just reported that it's already making waves by announcing a massive $6 billion funding round. According to the company, this money will help bring xAI's first products to market, build advanced infrastructure, and accelerate research and development efforts into future technologies.

Musk has some history in the AI space. He co-founded OpenAI in 2015 alongside the current CEO, Sam Altman, and others. However, he parted ways with...

UK and South Korea to co-host AI Seoul Summit

The UK and South Korea are set to co-host the AI Seoul Summit on the 21st and 22nd of May. This summit aims to pave the way for the safe development of AI technologies, drawing on the cooperative framework laid down by the Bletchley Declaration.

The two-day event will feature a virtual leaders' session, co-chaired by British Prime Minister Rishi Sunak and South Korean President Yoon Suk Yeol, and a subsequent in-person meeting among Digital Ministers. UK Technology Secretary...

ML Olympiad returns with over 20 challenges

The popular ML Olympiad is back for its third round with over 20 community-hosted machine learning competitions on Kaggle.

The ML Olympiad – organised by groups including ML GDE, TFUG, and other ML communities – aims to provide developers with hands-on opportunities to learn and practice machine learning skills by tackling real-world challenges.

Over the previous two rounds, an impressive 605 teams participated across 32 competitions, generating 105 discussions and...

Large language models could ‘revolutionise the finance sector within two years’

Large Language Models (LLMs) have the potential to improve efficiency and safety in the finance sector by detecting fraud, generating financial insights and automating customer service, according to research by The Alan Turing Institute.

Because LLMs have an ability to analyse large amounts of data quickly and generate coherent text, there is growing understanding of the potential to improve services across a range of sectors including healthcare, law, education and in financial...

Stanhope raises £2.3m for AI that teaches machines to ‘make human-like decisions’

A pile of Sterling notes.

Stanhope AI – a company applying decades of neuroscience research to teach machines how to make human-like decisions in the real world – has raised £2.3m in seed funding led by the UCL Technology Fund.

Creator Fund also participated, along with, MMC Ventures, Moonfire Ventures and Rockmount Capital and leading angel investors. 

Stanhope AI was founded as a spinout from University College London, supported by UCL Business, by three of the most eminent names in...

EU approves controversial AI Act to mixed reactions

The European Parliament today approved the AI Act, the first ever regulatory framework governing the use of AI systems. The legislation passed with an overwhelming majority of 523 votes in favour, 46 against and 49 abstentions.

"This is a historic day," said Italian lawmaker Brando Benifei, co-lead on the AI Act. "We have the first regulation in the world which puts a clear path for safe and human-centric development of AI."

The AI Act will categorise AI systems into...