Chinese AI startup DeepSeek has made a bold claim about its profitability, stating that its AI services boast a “cost profit margin” of 545%. However, this figure is based on “theoretical income,” raising questions about its real-world viability. In a post on X, DeepSeek detailed its financial model, explaining that if all usage of its
In a pioneering move, the European Union’s legislative body has overwhelmingly endorsed a comprehensive regulatory framework governing artificial intelligence technology across its 27 member nations. After a five-year journey since its initial proposal, the Artificial Intelligence Act is poised to take effect later this year, establishing itself as a global benchmark for governments grappling with
Two AI-focused cryptocurrencies are experiencing a surge as OpenAI introduces its latest text-to-video project. In a recent announcement, OpenAI unveils Sora, a cutting-edge model capable of generating high-definition videos from text prompts. Introducing Sora, our text-to-video model. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple
Krutrim, an artificial intelligence (AI) startup founded by Ola’s founder and chairman Bhavish Aggarwal, announced on January 26, 2024 that it has raised $50 million in its first external funding round. This values the 6-month old startup at $1 billion, making Krutrim India’s first AI unicorn of 2024. The funding round was led by Matrix
Samsung aims to enhance the intelligence of smart homes, particularly those equipped with Samsung technology. In its CES 2024 keynote in Las Vegas, the company unveiled various enhancements and capabilities for its SmartThings home automation platform. An upcoming Now Plus dashboard screen, set to appear on select Samsung TVs, will activate as you approach, providing
Microsoft has unveiled a groundbreaking initiative designed to ignite India’s AI landscape and empower 100,000 developers with cutting-edge AI tools and technologies. This ambitious program, aptly named AI Odyssey, represents a strategic investment in India’s digital future and aims to address the critical AI skills gap while propelling the nation’s technological leadership on the global
Since ChatGPT’s groundbreaking debut in 2022, a fierce race to integrate AI tools has gripped the tech landscape. Microsoft, a key OpenAI supporter, swiftly debuted Bing Chat (now Copilot) and infused AI across its products. Google, after a wobbly start, unleashed Bard and a suite of AI-enhanced features. Samsung is set to launch its AI-powered
Deloitte is set to introduce a generative artificial intelligence (AI) chatbot named “PairD” to a broad audience of 75,000 employees across Europe and the Middle East. Initially launched in the United Kingdom in October, this internal tool is specifically designed to revolutionize various aspects of employee tasks, ranging from creating impactful PowerPoint presentations to crafting