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AI

Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy
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27 March, 2024

Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy

Saudi Arabia's Public Investment Fund has opened high-profile talks with U.S.-based venture capital firm Andreessen Horowitz to establish an AI-focused...
German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy
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26 March, 2024

German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy

Bafin's Director, Dr. Thorsten Pötzsch, has highlighted the need for practical EU regulation and also called for companies to "manage...
Oracle adds new generative AI functionality for cloud application users
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26 March, 2024

Oracle adds new generative AI functionality for cloud application users

Software firm Oracle has confirmed that the new AI capabilities will be native to the Oracle Fusion Cloud Applications Suite.
A week’s update on AI: UN drafts resolution, Microsoft hires Google DeepMind co-founder, and more
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25 March, 2024

A week’s update on AI: UN drafts resolution, Microsoft hires Google DeepMind co-founder, and more

AI innovations are quickly driving innovators and governments; last week, the UN adopted an AI resolution, while Tennessee has become...
Microsoft latest hiring spree shifts balance of consumer AI products
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25 March, 2024

Microsoft latest hiring spree shifts balance of consumer AI products

Microsoft is ramping up its AI efforts as tech giants race to become the frontrunner in the industry, hiring key...
‘AI is rapidly transforming the social media market’: report
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22 March, 2024

‘AI is rapidly transforming the social media market’: report

Industry players are leaning on AI to improve customer experiences and make personalized recommendations for social media users, according to...
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