The world of artificial intelligence is abuzz with news and developments that are shaping the future of technology and business. From the latest earnings reports to the rise of AI search engines, here's a summary of the key stories that matter.
AI Stocks Battered Heading into Make-or-Break Nvidia Earnings
Artificial intelligence-linked shares fell on Tuesday, in lead-up to AI bellwether Nvidia's quarterly earnings, which could offer clarity on demand and justify the sector's lofty valuations. Technology stocks globally sold off this week after a TD Cowen analyst note said Microsoft has for sizeable data center capacity in the U.S., with at least two private data-center operators.
Chegg Sues Google Over AI Overviews
Online education company Chegg filed a lawsuit on February 24th against Google claiming that the company's AI-generated summaries of search results have hurt its traffic and revenue. It's believed to be the first antitrust lawsuit filed by a single company over the feature.
AI Chatbot Fail: Morgan Morgan ChatGPT
A recent case highlighted the limitations of AI chatbots, where a lawyer relied solely on AI and "f*ed up." The incident raises questions about the reliability and accountability of AI-generated content.
AI-Powered Cameras Raise New Privacy Concerns for Homeowners
The use of AI-powered cameras in home security systems is raising new privacy concerns for homeowners. Experts warn that these systems can be vulnerable to hacking and data breaches.
AI Innovation Starts Here—Join Microsoft at NVIDIA GTC
Microsoft is highlighting its commitment to AI innovation, with a focus on making AI accessible to companies of all sizes. The company is showcasing its Azure AI platform, which provides a comprehensive suite of models, services, and tools for building and scaling AI solutions.
Why Nvidia Stock Continues to Plunge Ahead of Earnings
Nvidia's stock is plummeting ahead of its highly anticipated earnings report, with investors concerned about the impact of tighter restrictions on U.S. chip sales to China. Despite its impressive sales streak, Nvidia's future growth is uncertain.
New WalkMe Research Reveals Major Gap Between AI Ambitions and Employee Readiness
A recent study by WalkMe reveals a significant gap between AI ambitions and employee readiness. Despite 79% of executives expressing confidence in achieving AI transformation goals, only 28% of employees feel adequately trained, and just 25% can use AI to work more efficiently.
Genspark Expands AI Search Efforts with Fresh $100 Million Investment
AI search engine Genspark has raised its valuation to $530 million in a Series A funding round, aiming to disrupt Google's dominance in the search engine market. The company's platform uses multiple AI models working together to conduct detailed online research.
Not Everyone Is Keen on Artificial Intelligence. Here's Why Some Businesses Are Skeptical.
While AI adoption has nearly doubled in the past year, significant sectors of the economy have reservations. Health care providers are concerned about AI "hallucinating" medical information, small businesses lack resources for AI implementation, and creative industries are fighting copyright infringement.
Key Takeaways
- AI stocks are battered heading into Nvidia's earnings report, with investors concerned about demand and the impact of tighter restrictions on U.S. chip sales to China.
- Chegg has sued Google over AI-generated summaries of search results, which have hurt its traffic and revenue.
- AI chatbots are raising questions about reliability and accountability, with a recent case highlighting the limitations of AI-generated content.
- AI-powered cameras are raising new privacy concerns for homeowners, with experts warning about the vulnerability of these systems to hacking and data breaches.
- Microsoft is highlighting its commitment to AI innovation, with a focus on making AI accessible to companies of all sizes.
- A recent study reveals a significant gap between AI ambitions and employee readiness, with only 28% of employees feeling adequately trained and just 25% able to use AI to work more efficiently.
- Genspark has raised its valuation to $530 million in a Series A funding round, aiming to disrupt Google's dominance in the search engine market.
- Some businesses are skeptical about AI, with concerns ranging from AI "hallucinating" medical information to copyright infringement and lack of resources for AI implementation.
Sources
- AI stocks battered heading into make-or-break Nvidia earnings
- Chegg sues Google over AI Overviews
- John Morgan: "“One of our lawyers relied solely on AI and f***ed up.” Columnist Scott Maxwell has the story on a case where fictional cases were cited
- AI-powered cameras raise new privacy concerns for homeowners
- AI innovation starts here—join Microsoft at NVIDIA GTC
- Why Nvidia Stock Continues to Plunge Ahead of Earnings
- New WalkMe Research Reveals Major Gap Between AI Ambitions and Employee Readiness
- Genspark expands AI search efforts with fresh $100 million investment
- Not everyone is keen on artificial intelligence. Here's why some businesses are skeptical.