Welcome to AI News Today, your daily roundup of the AI industry.
AI is expected to dramatically transform how business operates, with the market expected to grow from $407 billion in 2027 to $1.85 trillion by 2030, with adoption rates projected to rise globally. AI is expected to significantly boost productivity and economic growth, but it also risks displacing 400 million jobs by 2030. However, it also has the potential to create 97 million new jobs. Learn more on the TDR website.
Microsoft announced updates to Azure AI, including serverless fine-tuning of the Phi-3 model and the integration of new generative AI models from OpenAI, Meta and Mistral. These improvements are aimed at enabling developers to customize and extend their AI applications more efficiently and cost-effectively.
Tech giants Meta, Alphabet and Tesla are in a fierce race to invest heavily in AI chips to boost their capabilities. Together, these companies are spending billions of dollars, with Meta alone planning to deploy 350,000 Nvidia H100 GPUs this year, highlighting the fierce race to boost AI infrastructure and capabilities.
OpenAI is testing a new search feature for ChatGPT that uses real-time information to provide up-to-date answers and links, challenging Google's dominance in search. The tool, available only to a limited number of users in the U.S., aims to simplify web searches by enhancing conversational features, but concerns have been raised about its energy consumption and its impact on news companies that rely on search traffic.
Meta announced that its AI assistant, Meta AI, is now available in six languages, including Hindi, French and German. The assistant works across WhatsApp, Instagram, Messenger and Facebook, and the company also released its Llama 3.1 AI model.
X has introduced new features to its Grok AI chatbot to enhance the user experience with more interactive and personalized capabilities. Updates include improved conversational capabilities and integration with additional services on the platform.
Thoughtful AI introduced a human-like AI agent designed for healthcare revenue cycle management. The company also secured $20 million in funding led by Drive Capital, which will be used for research, development, talent acquisition, and market expansion.
Read more AI news on the TDR website.
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