“In announcing the ‘Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence,’ President Biden spoke of requiring companies to prove that ‘their most powerful systems are safe before allowing them to be used.’ He said this would include sharing the results of independent testing. His speech did not give details,…
29 Artificial Intelligence (AI) Statistics and Trends for 2023
Companies aren’t spending big on AI. Here’s why that cautious approach makes sense
“’What we are seeing is actually quite an uptake,’ says White, who says interest in AI is at the research rather than the production stage. Around half of companies (49%) are piloting or conducting a small-scale implementation of AI, and a third are exploring generative AI. ‘And that’s exactly what we saw when cloud started…
The future of banking is AI
“AI algorithms can identify correlations between different types of data and discover insights that would otherwise go unnoticed. ‘This makes it possible to uncover valuable trends and new opportunities more quickly than ever before,’ he adds. Think about it like this: ‘Using AI and machine learning, these organizations can monitor for specific activities, like marriage,…
Elon Musk does not want people to have a bank account, says X will take care of all financial needs
“As per The Verge report, X will be able to take care of anything financial by the end of 2024. According to an audio of the meeting obtained by the company, Musk told his employees, ‘When I say payments, I actually mean someone’s entire financial life. If it involves money. It’ll be on our platform….