EU privacy regulation stifling AI innovation, claims open letter masterminded by Meta

EU privacy regulation stifling AI innovation, claims open letter masterminded by Meta

The European Union risks becoming an artificial intelligence backwater thanks to a “fragmented and unpredictable” regulatory environment that is damaging the technology’s development. That’s according to a blunt open letter and newspaper advertisement signed by 49 executives, researchers and industry organizations, notably including the CEOs of SAP, Spotify, and Ericsson. But it is the appearance…

Amazon’s RTO mandate likely to boomerang, other companies ‘should not follow suit’

Amazon’s RTO mandate likely to boomerang, other companies ‘should not follow suit’

Beginning with the new year, Amazon CEO Andy Jassy wants his employees back in the office five days a week, returning to an office routine that was common before the COVID-19 pandemic upended the workplace. The backlash from employees was nearly instantaneous, as they berated Jassy — and the return-to-work policy — and vowed to…

Europe slams Apple with yet another iPhone demand

Europe slams Apple with yet another iPhone demand

Europe’s bureaucrats continue to do their best to ensure Apple is forced to sell the world’s worst operating system, announcing plans to force Apple to open up its systems even more than it already has. In a triumph of bureaucratic doublespeak, the European Union doesn’t argue that it’s attempting to force the issue. Instead, it says it wants…

With genAI models, size matters (and smaller may be better)

With genAI models, size matters (and smaller may be better)

As organizations continue to adopt generative AI (genAI) tools and platforms and explore how they can create efficiencies and boost worker productivity, they’re also grappling with the high costs and complexity of the technology. The foundation of genAI and AI in general are language models, the algorithms and neural networks that power chatbots like OpenAI’s…

Sam Altman exits OpenAI commission for AI safety to create ‘independent’ oversight

Sam Altman exits OpenAI commission for AI safety to create ‘independent’ oversight

OpenAI’s CEO Sam Altman has stepped away from his role as co-director of an internal commission the company created in May to oversee key safety and security decisions related to OpenAI’s artificial intelligence (AI) model development and deployment. OpenAI’s Safety and Security Committee will become “an independent board oversight committee focused on safety and security”…

AI to create better products and services, add $19.9T to global economy — IDC

AI to create better products and services, add $19.9T to global economy — IDC

Business spending to adopt and use AI in existing operations, and to deliver better products and services, is expected to drive 3.5% of global GDP by 2030, adding $19.9 trillion to the world economy, according to a new report from research firm IDC. AI spending by businesses alone is expected to reach $632 billion by…