X (Twitter) ad revenue drops to new lows
X’s ad revenue struggles amid boycotts. Elon Musk’s X (formerly Twitter) is facing a significant downturn in advertising revenue. Insider sources revealed that X expects to end 2023 with around $2.5 billion in ad revenue, a substantial drop from previous years and half a billion short of its $3 billion target. In 2022, Twitter generated […]
OpenAI strikes deal with large German publisher Axel Springer
The European Union recently enacted the EU AI Act, mandating that foundational AI models, including those by OpenAI, adhere to stringent transparency requirements before market introduction. OpenAI, categorized as high-risk under the EU’s classification of general-purpose AI models, is leveraging its partnership with Axel Springer, a major European publisher, to demonstrate compliance with these regulations, […]
European Union reclassifies some gig workers as employees
Following extensive negotiations spanning two years, the European Council and Parliament have arrived at a tentative agreement to reclassify numerous gig economy workers as employees. This significant shift primarily impacts individuals who rely on apps for activities such as food delivery or ride-hailing services. Presently, a vast majority of the 28 million platform workers in […]
Intel gains momentum with AI-enabled processors
Intel has recently disclosed that a significant number of PC manufacturers are incorporating its latest AI-accelerated processors into their products. These processors, known under the codename Meteor Lake, are specifically engineered to efficiently manage AI tasks on both laptops and desktops. The integration of specialized AI components, namely a neural processing unit, within the central […]
Dropbox AI offering sparks privacy concerns
Dropbox recently sparked concerns among its users with a new AI-powered search feature that shares data with OpenAI by default. The feature, part of the “Dropbox AI alpha,” is designed to enhance file searching using a ChatGPT-style conversational interface. The discovery of this default-enabled setting led to user unease, despite Dropbox’s assurances on an AI […]
Hashtag Trending Dec.14- White House wades in open source AI debate; Cloudflare’s 2023 web report; Google Cloud partners with Mistral AI
White House dives into open source AI debate, bots boom and Google comes back to the top spot in Cloudflare’s 2023 web report, Google Cloud partners with Mistral AI on generative language models and Google admits that its demonstration of Gemini was what it “could” be like. All that, and the ultimate Canadian Christmas gifts
