All Posts

Investors' fervour for all things AI-related is leaving its mark on the U.S. options market, as traders pile in to derivatives bets to gain exposure to the red-hot investing theme.Options on artificial intelligence darling Nvidia accounted for 25 cents of every dollar of premium - the price of contracts - traded in US single-stock options…

Artifact, the AI-driven news aggregation app created by Instagram co-founders Kevin Systrom and Mike Krieger, is closing down just one year after its launch in January 2023. In a blog post announcing the shutdown, Systrom explained that while Artifact had developed a loyal user base who loved the app, the overall market opportunity was not large…

Mark Zuckerberg, the CEO of Facebook parent Meta, recently announced that he wants to build an open-source artificial general intelligence for everyone. He added that he will undertake the project responsibly and for that he is ready to spend billions. But how many billions? Zuckerberg said in an Instagram Reels post earlier this week that…

Barcelona, Feb 26, 2024 -Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation and advanced photo editing in efforts to reignite consumer demand.The trend was on display at the telecom industry's biggest annual show, the four-day Mobile World Congress (MWC) which got underway Monday in Barcelona,…

Alphabet's Google is reportedly in discussions to invest hundreds of millions of dollars in Character.AI, the rapidly growing AI chatbot start-up, as per a Reuters report. The move comes as Character.AI seeks capital to train models and meet the increasing demand from users, according to sources familiar with the matter. The potential investment, which might take…

Artificial intelligence is set to transform the workplace, with up to 40% of jobs potentially affected globally according to a new analysis by the International Monetary Fund. However, surprisingly, the impact will not be felt equally across countries. Advanced economies like the US and Europe face greater disruption than emerging markets and low-income nations. “In most…