Artificial Intelligence

Valeo Shifts Focus to Google Cloud AI to Enhance Productivity and Innovation

French car parts manufacturer Valeo announced on Thursday its plans to intensify its utilization of Google Cloud AI tools, signaling a pivotal move towards...

Intel Shines at MLCommons New AI Benchmarks to Assess Performance

Intel said MLCommons’s latest results of the MLPerf v4.0 benchmark for inference has highlighted Intel’s advancements in AI performance. On Wednesday, MLCommons, an artificial intelligence...

Intel Unveils New AI Initiatives to Propel PC Acceleration Program

Intel Corporation has revealed two artificial intelligence (AI) initiatives as part of its AI PC Acceleration Program: the AI PC Developer Program and the...

Rapid Rise of Generative AI Contracts Indicates Growing Trend in Enterprise Adoption

Contracts specifying generative AI (GenAI) surged from 7 percent in the first half of 2023 to 38 percent in the latter half of the...

Microsoft Signs $650 mn Unconventional Deal with AI Startup Inflection

Microsoft has signed an unconventional deal with AI startup Inflection for approximately $650 million in cash, Reuters news report said. This deal grants Microsoft access...

European AI Market to Reach $47.6 bn by 2024, IDC Report

The AI and generative AI (GenAI) market in Europe will surge to nearly $47.6 billion in 2024, marking a significant compound annual growth rate...

Google Faces $271 mn Penalty Over AI Breaches in France

France’s competition watchdog has imposed a fine of €250 million ($271.73 million) on Alphabet’s Google for violations related to EU intellectual property regulations in...

Central Banks Use AI for Climate Risk Assessment

In a groundbreaking move, central bankers unveiled on Tuesday the utilization of artificial intelligence (AI) to gather data crucial for evaluating climate-related financial risks....