
AI News Today
Welcome to “AI News Today,” your daily summary of the AI Industry.
AI is expected to dramatically transform business operations, with the market projected to grow from $407 billion by 2027 to $1.85 trillion by 2030 and adoption rates rising globally. While AI is anticipated to significantly enhance productivity and economic growth, it also poses risks of displacing 400 million jobs by 2030, though it could create 97 million new roles. Read all about it on the TDR Website!
Microsoft announced updates to Azure AI, including serverless fine-tuning for Phi-3 models and integration of new generative AI models from OpenAI, Meta, and Mistral. These enhancements aim to help developers customize and scale AI applications more efficiently and cost-effectively.
Tech giants Meta, Alphabet, and Tesla are in fierce competition, heavily investing in AI chips to boost their capabilities. These companies have collectively spent billions, with Meta alone planning to deploy 350,000 Nvidia H100 GPUs this year, highlighting the intense race to advance AI infrastructure and capabilities
OpenAI is testing a new search feature in ChatGPT that uses real-time information to provide up-to-date answers and links, challenging Google’s dominance in search. The tool, available to limited users in the US, aims to simplify web searches by enhancing conversational capabilities, but it raises concerns about energy use and the impact on news companies relying on search traffic.
Meta announced that its AI assistant, Meta AI, is now available in Hindi and six other languages, including French and German. The assistant is accessible on WhatsApp, Instagram, Messenger, and Facebook, and the company also launched the Llama 3.1 AI model.
X has introduced new functionalities for its Grok AI chatbot, enhancing user experience with more interactive and personalized features. The updates include improved conversational capabilities and integration with additional services on the platform.
Thoughtful AI has introduced human-capable AI agents designed for healthcare revenue cycle management. The company has also secured $20 million in funding led by Drive Capital, which will be used for research, development, talent acquisition, and market expansion.
Read more AI news on the TDR Website!