August 1, 2024
Tech News
Meta’s CFO Susan Li revealed that India has become the largest market for Meta AI usage, driven by WhatsApp’s 500 million users in the country. Despite cultural challenges, Meta AI has seen billions of queries since its launch in India. The company is expanding its AI capabilities and plans to require significantly more computing power for future models.
Transitioning to another news, the SEC has charged Abraham Shafi, founder of the social media app IRL, with fraud for misleading investors about the company’s growth and using company funds for personal expenses. IRL, which falsely claimed millions of users, shut down in June 2023 after an internal investigation revealed that 95% of its users were bots.
Google has introduced three new generative AI models that it claims are safer, smaller, and more transparent than existing models, aiming to enhance safety and transparency in AI applications. Meanwhile, Google Maps has announced new features to improve user experience during road trips and other navigation scenarios, although none include a ‘pause navigation’ option.
AI startups are ramping up federal lobbying efforts in the U.S. amid a generative AI boom and an election year that could shape future AI regulations. Bungie, the gaming company behind hits like Halo and Destiny, has laid off 220 employees, amounting to a 17% reduction in its workforce, catching many employees off-guard.
The U.S. Copyright Office has recommended that Congress urgently outlaw AI-powered impersonation as part of a broader report on how AI may impact copyright law. Despite the rapid expansion of 5G, 4G remains the dominant mobile technology in the Asia Pacific region, with 5G expected to add significant economic value by 2030.
Honda has restored its 1984 HP-X concept car, showcasing advanced features like sonar, GPS, and a carbon fiber body. The car, designed with futuristic technology, will be displayed at the Pebble Beach Concours d’Elegance.
Tech Explained
AI – Artificial Intelligence is the simulation of human intelligence processes by machines, especially computer systems.
Generative AI models – Generative models are a class of AI models that generate new data samples from the training data.
5G technology – 5G is the fifth generation technology standard for cellular networks, offering faster speeds and more reliable connections than its predecessors.
Fintech – Fintech refers to technology-driven innovation in financial services, encompassing everything from mobile payment apps to blockchain technology.
AI startups – AI startups are companies that focus on developing and implementing artificial intelligence technologies for various applications.
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