Technology

Well that was fast. The UK’s competition watchdog has announced an initial review of “AI foundational models”, such as the large language models (LLMs) which underpin OpenAI’s ChatGPT and Microsoft’s New Bing. Generative AI models which power AI art platforms such as OpenAI’s DALL-E or Midjourney will also likely fall in scope. The Competition and […]

UK’s antitrust watchdog announces initial review of generative AI by Natasha Lomas originally published on TechCrunch

Dozens of established players and newer entrants are competing to bring the most cutting-edge remote sensing data to customers. These companies may use hyperspectral, thermal, radar, or optical instruments – but none, as of yet, use light detection and ranging (lidar), a technology that’s best-known for its use in self-driving cars. Nuview, a geospatial technology […]

Nuview emerges from stealth with plans to map the Earth using lidar by Aria Alamalhodaei originally published on TechCrunch

The Boring Company, Elon Musk’s project to build underground highways to alleviate traffic congestion, received approval Wednesday to expand its “Vegas Loop,” an underground tunnel system beneath Las Vegas that shuttles passengers via Tesla vehicles. The expansion, approved by Clark County, Nevada commissioners, will expand the network by 25 miles, allowing for 18 new stations […]

Musk’s The Boring Company to expand Vegas Loop to 18 new stations by Rebecca Bellan originally published on TechCrunch

In the must-watch final season of “Succession,” Kendall Roy enters a conference room with his siblings. As the scene opens, he takes a seat and declares: “Who will be the successor? Me.” Of course, that scene didn’t appear on HBO’s hit show, but it’s a good illustration of generative AI’s level of sophistication compared to […]

AI can’t replace human writers by Amanda Silberling originally published on TechCrunch

Deep learning pioneer Geoffrey Hinton announced on Monday that he was stepping down from his role as a Google AI researcher after a decade with the company. He says he wants to speak freely as he grows increasingly worried about the potential harms of artificial intelligence. Prior to the announcement, Will Douglas Heaven, MIT Technology…

Hackers have published a trove of sensitive data stolen from payment software company AvidXchange after the company fell victim to ransomware for the second time this year. AvidXchange provides cloud-based software that helps organizations automate invoice processing and payment management processes. The North Carolina-based company says it processed 70 million transactions for 8,000 customers in […]

Payment software giant AvidXchange suffers its second ransomware attack of 2023 by Carly Page originally published on TechCrunch

Ballie Gifford is buying nearly 44 million newly issued shares in Joby Aviation, a purchase that will provide a $180 million injection of capital into the company as it continues to develop all-electric aircraft for a commercial passenger service. Joby Aviation said Wednesday as part of its first-quarter earnings report that it will sell 43,985,681 […]

Joby Aviation lands $180M equity investment from returning backer Ballie Gifford by Kirsten Korosec originally published on TechCrunch

Generative AI tools such as ChatGPT and Google Bard may seem cutting edge, but the underlying infrastructure is nothing new.

AI is just someone else’s computer by Carly Page originally published on TechCrunch