Tech
OpenAI, the creator of ChatGPT, can develop its own AI-based chipsets. US consumer watchdog explores application of e-banking laws to cryptocurrencies
ChatGPT’s creator, OpenAI, is exploring creating AI-based chips
Good morning tech family, here are some quick tech updates for you to follow!
Today’s news: Further dismissals justified by the Amazon company
Quick insights: US consumer watchdog explores application of e-banking laws to cryptocurrencies
The company behind ChatGPT, Microsoft-funded OpenAI, is said to be thinking about developing its own AI chipsets and has even identified a potential acquisition target. According to Reuters, the activity is only in the planning stage and has not yet decided whether to proceed or not. The company, however, has been hit by the expensive chipsets needed for its AI-based goals and has been working to find a solution to the shortage of the aforementioned processors. Reuters reports that OpenAI is considering partnering with industry heavyweights like NVIDIA to make this possible, and that the company may eventually expand beyond that.
Amazon announced additional layoffs across its communications operations in the United States and internationally. According to a report by Deadline, “We hear that over 5% of the workforce is affected in Amazon Studios’ communications divisions, Prime Video and Music,” according to Times of India. The report also states that the reduction affects less than 1% of Amazon’s entire global communications workforce. Previously, the company eliminated nearly 18,000 workers between November 2022 and January 2023.
As we enter the fourth industrial revolution, artificial intelligence (AI) continues to evolve rapidly, with generative AI leading the way for innovation and transformation. In 2024 and beyond, we can expect exciting developments that will reshape industries, revolutionize creative processes and improve our daily lives. In this article we will explore 10 generative AI trends to watch in the coming years. to know more
To safeguard customers from fraudulent cryptocurrency transfers, the U.S.’s top consumer financial security watchdog is considering extending the Electronic Fund Transfer Act (EFTA) to cryptocurrencies. Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), said at a payments conference hosted by the Brookings Institution think tank on October 6 that his organization is considering using EFTA for “private digital dollars and other currencies virtual”.