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Microsoft announces principles to foster innovation, competition in AI
Economic Times
·
1y ago
Medial
Microsoft President Brad Smith announced a set of principles aimed at fostering innovation and competition in artificial intelligence (AI). This move by the technology giant comes as it faces concerns from rivals and regulators about its dominant market position. Microsoft's collaboration with OpenAI has solidified its position in AI, particularly in chatbot technology. The principles include providing access and support for AI developers, making AI models and tools available globally, and ensuring data privacy and transferability for users. By committing to these principles, Microsoft aims to empower organizations and individuals to develop and use AI for the public good.
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Microsoft announces 'AI access principles' to offset OpenAI competition concerns
TechCrunch
·
1y ago
Medial
Microsoft has launched a new framework called "AI Access Principles" that aims to dispel the perception that the company is blocking competition through its partnership with OpenAI. The framework includes commitments to building an app store for AI products, keeping proprietary data out of training models, allowing customers to change cloud providers, prioritising cybersecurity, and investing in education. However, the principles are not legally binding, and their purpose is to show that Microsoft is taking proactive measures to ensure competition in the AI market.
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Tech giants and top institutions join forces in CoRE-AI to advocate responsible AI
YourStory
·
1y ago
Medial
The Coalition for Responsible Evolution of AI (CoRE-AI) has been established in India to advocate for responsible development and deployment of AI. The coalition includes tech giants like Google, Microsoft, AWS, and Infosys, as well as academic institutions and AI startups. CoRE-AI aims to foster innovation, build public trust, address algorithm biases, ensure transparency, and protect user privacy and data. The coalition will adopt a principles-based approach and contribute to a robust governance framework. The launch of CoRE-AI aligns with India's AI strategy and its goal of becoming a global leader in AI application.
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UK competition regulator lays out AI principles
Economic Times
·
1y ago
Medial
The UK's competition regulator, the Competition and Markets Authority (CMA), has proposed principles to govern new AI models. They aim to ensure accountability, access, and transparency in AI technology, in order to foster competitive growth. The CMA is particularly focused on generative AI applications like ChatGPT. The regulator sees potential in AI to boost productivity and simplify everyday tasks. The UK government has positioned itself as a global leader in AI regulation and will host an AI safety summit in November.
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Amazon Announces $20 Billion U.S. Investment to Advance AI Innovation | DeepNewz Business
Business Bytes
·
2m ago
Medial
Amazon has announced plans to invest $20 billion in the United States to advance AI innovation. The investment underscores Amazon's commitment to enhancing its technological capabilities and driving innovation in artificial intelligence. This substantial investment is expected to bolster the company's AI infrastructure, expand its research and development efforts, and promote further technological advancements. The move aligns with the broader industry trend of significant investments in AI to maintain competitiveness and foster future growth.
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Microsoft, Yotta join hands to drive AI innovation in India
Economic Times
·
2m ago
Medial
Microsoft and Yotta Data Services have teamed up to boost AI adoption in India. Microsoft will integrate Azure AI services with Yotta's Shakti Cloud to provide advanced AI capabilities. This partnership supports the IndiaAI Mission's goal to foster AI innovation by engaging with government bodies, IITs, startups, and enterprises. It aims to enhance local AI capabilities, expedite AI model development, and support critical sectors like agriculture, healthcare, and finance with advanced AI solutions.
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UK's antitrust enforcer sounds the alarm over Big Tech's grip on GenAI
TechCrunch
·
1y ago
Medial
The U.K's competition watchdog, the Competition and Markets Authority (CMA), has expressed concerns about the increasing control of Big Tech companies in the advanced AI market. The CMA warns that the concentration of power in firms such as Google, Amazon, Microsoft, Meta, and Apple (GAMMA) could harm fair competition, reduce choice and quality, and lead to higher prices for businesses and consumers. The CMA is closely monitoring partnerships and the potential for anti-competitive behavior, using merger review powers to investigate further. It is urging AI giants to follow its principles for responsible development.
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Gujarat govt signs MoUs with IBM, Microsoft for enhancing AI capabilities
YourStory
·
1y ago
Medial
The Gujarat government has signed memorandums of understanding with IBM, Microsoft, and NASSCOM to promote the use of AI technologies in the state. IBM will establish an AI cluster in GIFT City to foster innovation and collaboration in financial institutions, while Microsoft will establish an AI Center of Excellence focusing on machine learning and cognitive services. The state government has also partnered with NASSCOM to enhance AI capabilities. These initiatives align with Prime Minister Narendra Modi's goal of leveraging advanced technologies to drive India's economic growth. The government aims to train 25,000 students in deep technology courses over the next three years.
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Culture Clash: Altman Rips Zuckerberg Over Massive Compensation Packages
StartupTalky
·
1m ago
Medial
Sam Altman, CEO of OpenAI, criticized Meta Platforms' aggressive recruitment tactics, particularly their offering of up to $100 million signing bonuses to poach OpenAI talent. Altman argued that such high compensation packages don't foster the right work culture or innovation essential for long-term AI success. Despite Meta's offers, many OpenAI employees remain due to mission-driven motivations. OpenAI is planning an open AI model release, which might further distance Meta in the AI competition.
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UK says Microsoft-OpenAI partnership does not need antitrust investigation
Economic Times
·
5m ago
Medial
Britain's Competition and Markets Authority (CMA) ended its probe into Microsoft's partnership with OpenAI, stating Microsoft lacks significant control over the AI firm. The investigation followed a previous antitrust review in the UK and the U.S. after OpenAI's internal leadership changes. Despite Microsoft acquiring some influence over OpenAI in 2019, CMA determined it hadn't gained control that necessitates merger scrutiny. Microsoft welcomed the CMA's decision, emphasizing the partnership fosters innovation and responsible AI development.
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Mint Quick Edit | Nvidia’s market cap crown: What it means for AI
Livemint
·
1m ago
Medial
Nvidia's stock has rebounded, making it the world's most valuable company again, surpassing Microsoft. Concerns arise over Nvidia’s potential monopolistic power in the AI market, as its dominance could lead to costlier AI services. The company, focused on AI initiatives, has seen its market cap rise after overcoming doubts about the profitability of its AI ventures. There's an ongoing discussion about the need for competition to ensure fair pricing and innovation in the AI industry.
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