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AI news stories
The National Science Foundation has partnered with major tech firms and federal agencies to launch the National Artificial Intelligence Research Resource (NAIRR) pilot program, aiming to bolster U.S. leadership in AI research and innovation. The NAIRR, stemming from President Biden's AI executive order, aims to democratize access to advanced AI resources across various communities and institutions, addressing the issue of concentrated and inaccessible AI resources. Companies like Amazon, Microsoft, Nvidia, and others are contributing significantly to the program, offering substantial support and resources to facilitate research and educational initiatives in AI across the nation.
Microsoft achieved a historic $3 trillion market capitalization, driven by a sharp increase in its stock price, largely attributed to its significant involvement in artificial intelligence (AI) and the success of AI products like ChatGPT by OpenAI. The company's remarkable performance outshined other market indices and competitors, with its intelligent cloud division, heavily reliant on AI, reporting a 20% year-over-year growth. While Microsoft's valuation trails slightly behind Apple's, both are part of the "magnificent seven" big tech firms, which have largely benefited from the market's increasing focus on AI technologies.
Google settled a patent infringement lawsuit with Singular Computing, averting a trial that was about to commence and addressing claims that Google had inappropriately used Singular's technology in its AI chips. The lawsuit had demanded $1.67 billion, accusing Google of incorporating Singular's innovations into its own Tensor Processing Units. While the settlement terms were not disclosed, both parties confirmed the agreement, with Google asserting that it had not violated Singular's patent rights.
IBM reported a 4% increase in revenue last quarter, largely driven by the growing demand for its AI products and hybrid cloud services, with a positive outlook for free cash flow and mid-single-digit revenue growth this year. The company saw significant growth in its consulting business, though it faced challenges in the security segment of its software business. IBM's stock has experienced significant growth, increasing by approximately 24% over the past year, reaching a nearly 10-year high.
Mitsubishi Electric has developed a new AI for its Maisart lineup that can quickly analyze manual tasks on production sites without the need for pre-prepared training data, utilizing a probabilistic generative model to enhance efficiency and productivity. This AI, which is the first to model cyclical physical actions in factory settings, has proven to reduce the time required for work analysis by up to 99%. The technology is set for commercial release by March 2026 and will be showcased at the Innovative Industry Fair for E x E Solutions 2024 in Tokyo.
The UK's GCHQ warns that the rapid advancement of AI technologies will likely escalate cyberattacks and make it easier for novice hackers to cause digital disruption. This trend is expected to notably increase ransomware attacks, where attackers encrypt systems to demand a ransom. While AI will unevenly impact cyber threats, it's anticipated to significantly aid less skilled hackers in crafting more convincing phishing campaigns, and more advanced state-backed hackers in deploying sophisticated malware and viruses.