AI investments

China's BIGAI unveils tong tong, world's first emotionally intelligent AI entity, echoing Iron Man's Jarvis; House of Lords urges UK ministers to protect content creators from unauthorised AI use; Bank of England Governor optimistic on AI impact, dismisses job destruction fears; Apple CEO Tim Cook confirms arrival of generative AI features 'later this year'- this and more in our daily roundup. Let us take a look.1. China's BIGAI unveils Tong Tong: World's first emotionally intelligent AI entity, echoing Iron Man's…

Artificial intelligence (AI) will create an organisational cultural shift and new technology frames will augment 50% of the Asia-Pacific workforce by mid-2025, slowly reshaping the enterprise toward more technology usage, enhancing performance, suggests an IDC report.According to the report, as AI and GenAI technologies continue to take the centre stage in today's digital economy, they not only augment organisations' productivity, automate repetitive tasks but also redefine roles, thus compelling a shift in workforce…

Retail investor darling C3.ai sank about 8% on Thursday as its forecast for a bigger-than-expected annual loss sparked worries about the costs stemming from rising investments in artificial intelligence.The AI-based software maker had said on Wednesday growing spending on pilot programs with potential customers will be a drag on its profitability and cash flow in the near term, after it had doused investor hopes of a profit with a sobering outlook in September.Elevate Your Tech Prowess with High-Value Skill…

Microsoft is determined to strengthen its position in the AI space and is making concerted efforts to improve its AI capabilities. After multiple acquisitions including Semantics Machine and AIVA and partnerships with AI project-leading companies like OpenAI and NVIDIA, the technology giant is now joining hands with Builder.ai- an AI-powered software development that helps businesses build, run, and scale their software without requiring technical expertise. Builder.ai announced the strategic collaboration with…

…

Snap’s results have been a popular bellwether for investors trying to bet on Meta Platforms’ quarterly earnings reports. This week, investors may want to ignore them. Snap’s results have been a popular bellwether for investors trying to bet on Meta Platforms’ quarterly earnings reports. This week, investors may want to ignore them.…