The world of artificial intelligence is rapidly evolving, with significant investments, breakthroughs, and applications across various industries. In this news brief, we'll explore the latest developments in AI, from funding and partnerships to new technologies and education initiatives.
CoLab Secures $5.6M to Create Local AI Talent
CoLab Software, a Newfoundland and Labrador-based software company, has secured $5.6M CAD in funding from the Hibernia and Hebron Projects to grow local AI talent and product capabilities. The investment will fund around 60,000 hours of additional local software development to expedite the creation of CoLab's new product, ReviewAI.
Rising AI Investments to Boost Micron Technology's Q2 Earnings
Micron Technology, Inc. is set to release its Q2 earnings, with AI investments and partnerships driving its growth. The company's DRAM segment is expected to be the star of its report, with revenues pegged at $6.2 billion, marking 32.2% year-over-year growth.
Musk's xAI Startup Joins Microsoft-BlackRock $30 Billion AI Fund
Elon Musk's xAI startup has joined Microsoft-BlackRock's $30 billion AI fund, which aims to build $30 billion worth of data centers and other AI infrastructure. The fund will focus on infrastructure investments, including energy projects, mostly in the US, with a portion of the funds to be deployed in partner countries.
Nvidia's Jensen Huang Isn't Worried About AI Demand
Nvidia CEO Jensen Huang has revealed powerful new chips that are expected to land next year, serving as a successor to the Blackwell and Hopper lines. Huang is betting on the industry shift to inference, which is when AI performs tasks, as future demand drivers.
New Jailbreak Technique Bypasses Security Measures to Write Malware for Google Chrome
A new report indicates that individuals lacking technical knowledge can create advanced malware using widely recognized AI systems, thereby turning ordinary people into significant cybersecurity threats. The report highlights a new jailbreak technique that bypasses security measures to write malware for Google Chrome.
Rules File Backdoor: AI Code Editors Exploited for Silent Supply Chain Attacks
Rules File Backdoor: AI Code Editors exploited for silent supply chain attacks.
Microsoft to Provide Basic AI Training to 600,000 Belgians
Microsoft has launched a plan to train 600,000 Belgians in the basics of AI by 2028. The initiative targets SMEs, students, and vulnerable groups but is also expected to benefit Microsoft itself.
Most Researchers Do Not Believe AGI Is Imminent. Why Do Policymakers Act Otherwise?
Most researchers do not believe AGI is imminent, but policymakers appear increasingly eager to satisfy the interests of tech firms that claim they can deliver AGI. There is danger in making AI policy goals just as invested in the promise of AGI as are the tech sector's leaders.
Deloitte Begins Rollout of AI Agents for Finance and Other Business Functions
Deloitte has unveiled a platform that offers a suite of AI agents that are ready to deploy and will perform business functions. The new portfolio currently includes functional agents for finance, and it will be expanded to include others for human capital, supply chain, procurement, sales and marketing, and customer service.
AI, Fully Integrated: UW-Stout's 360-Degree Approach to Artificial Intelligence
University of Wisconsin-Stout is preparing graduates to meet the needs of a rapidly evolving workforce by embedding AI training in all of its degree programs. From engineering to communication and counseling, manufacturing, marketing and design, construction, supply chain and more, the university is equipping students with the skills they need to succeed in a world where AI is increasingly prevalent.
Key Takeaways
- AI investments and partnerships are driving growth in various industries, including technology and finance.
- New technologies and breakthroughs are emerging, such as CoLab's ReviewAI and Nvidia's new chips.
- Education initiatives, such as Microsoft's plan to train 600,000 Belgians in AI, are essential for preparing the workforce for an AI-driven future.
- Policymakers must be cautious not to prioritize the promise of AGI over the actual needs and challenges of the industry.
- AI agents, such as Deloitte's Zora AI for Finance, are being developed to perform business functions and provide insights and analysis.
- Universities, like University of Wisconsin-Stout, are embedding AI training in their degree programs to equip students with the skills they need to succeed in an AI-driven world.
Sources
- CoLab Secures $5.6M From the Hibernia and Hebron Projects to Create Local Artificial Intelligence Talent and Accelerate ReviewAI Roadmap
- Rising AI Investments to Boost Micron Technology's Q2 Earnings
- Musk's xAI Startup Joins Microsoft-BlackRock $30 Billion AI Fund
- 2 reasons why Nvidia's Jensen Huang isn't worried
- New Jailbreak Technique Bypasses Security Measures to Write Malware for Google Chrome
- Rules File Backdoor: AI Code Editors exploited for silent supply chain attacks
- Microsoft to provide basic AI training to 600,000 Belgians
- Most Researchers Do Not Believe AGI Is Imminent. Why Do Policymakers Act Otherwise?
- Deloitte Begins Rollout of AI Agents for Finance and Other Business Functions
- AI, fully integrated: UW-Stout’s 360-degree approach to artificial intelligence embeds skills across all programs