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Category: finance – Page 40

Stability AI, the AI startup behind the text-to-image model Stable Diffusion, this week announced the release of StableStudio, an open source version of DreamStudio, Stability AI’s commercial AI-powered design suite.

In a blog post, Stability AI writes that it hopes to “foster a project [that] can outpace anything developed by a single company,” alluding to recent investments in the generative AI space from tech giants like Microsoft, Google and Amazon.

“We believe the best way to expand upon that impressive reach is through open, community-driven development rather than a private iteration of a closed-source product,” Stability AI said. “Our goal is to work with the broader community to create a world-class user interface for generative AI [that] users fully control.”

DreamStudio was first imagined as an animation studio for the open source generative AI art model Disco Diffusion. Focus shifted last year toward image generation with the arrival of Stable Diffusion, which brought DreamStudio more in line with rival generative image platforms like MidJourney and Nightcafe.

The differences between StableStudio and DreamStudio are relatively minor. StableStudio doesn’t have DreamStudio branding or Stability-specific account features, like billing and API management, and API calls on the backend have been replaced by a plugin system.

Continue reading “Stability AI Releases StableStudio, the Open-Source Future of DreamStudio” | >

ChatGPT’s capabilities in comparison are miniscule even when using GPT-4.

Claude AI, the ChatGPT-rival from Anthropic, can now comprehend a book containing about 75,000 words in a matter of seconds. This is a huge leap forward for chatbots as businesses seek technology that can churn out large pieces of information quickly.

Since the launch of ChatGPT, we have also seen companies such as Bloomberg and JP Morgan Chase look to leverage the power of AI to make better sense of the finance world. While this process has taken them at least a few months, Anthropic, with its Claude AI, can reduce the time taken to just a few seconds.

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We’re currently working with companies that develop software and tools that make surgery smarter and safer while they empower surgeons and providers to improve patient outcomes, enhance operational efficiency and increase profitability with data-driven surgery using AI, automation and operating room analytics. This is where analytic components such as data lakes and warehouses are already making a difference in healthcare. We’ve seen them capable of powering millions of facts and patient records at a time. Tied to expertise, these tools allow data-informed decisions for measurable improvements in clinical, financial and operational aspects.

For instance, we’ve helped design and develop surgical applications to improve operating room efficiency, tele-surgery, data lake construction and surgical analytics. Clients come back with feedback on our skills and technical experience, feeling supported by the flexibility and technical boost we give their teams.

Collaboration between technology outsourcing companies and healthcare providers can result in considerable optimization, including improved patient care and maximized processes. Tech providers can strive for the perfect collaborative balance with the above key conversations while boosting robust ecosystems, shared platforms and data.

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Twitter CEO Elon Musk has bought around 10,000 graphics cards and is hiring AI experts to build a ChatGPT competitor within Twitter, Insider reports.

That’s despite the billionaire CEO repeatedly voicing concerns over AI chatbots like ChatGPT, and even signing an open letter calling for a six-month moratorium on developing AIs more advanced than OpenAI’s GPT-4.

Training a large language model like OpenAI’s highly popular AI chatbot takes a lot of computational power, which means Musk had to dig deep in his sizeable pockets — tens of millions of dollars, according to Insider — to finance the project.

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The costs used to recover the deposits for the failed US regional banks will be paid by other US banks especially the larger banks.

The largest US lenders face billions of dollars in extra fees to replenish the government’s bedrock deposit insurance fund. The move comes after the fund was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Su Keenan reports on Bloomberg Television.

Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com.

Continue reading “Big Banks Face Billions in Extra FDIC Fees After SVB Failure” | >

Customers will be ordering food from AI.

#Wendys #Google #yahoofinance.
Yahoo Finance culinary correspondent Brooke DiPalma joins the Live Show to discuss the partnership between Wendy’s and Google to revolutionize drive-thru orders with the use of AI technology, first premiering in Columbus.

Ohio in June of this year, and how AI is transforming the restaurant industry.

Continue reading “Wendy’s, Google preview partnership with new AI-powered drive-thru” | >

NeaChat is an AI-powered chatbot developed based on ChatGPT, serving users in various industries such as education, research, finance, healthcare, and law.

Wuhan, China, May 6, 2023 (GLOBE NEWSWIRE) — The NeaChat team is honored to announce that it has obtained access to OpenAI’s latest generation of artificial intelligence language model GPT-4, becoming one of the first teams in China to obtain authorized access to GPT-4 is a powerful AI model with excellent natural language understanding and generation capabilities, with significant improvements in functionality and performance over its predecessor, GPT-3.5.

The core advantages of GPT-4 lie in its vast knowledge base, efficient problem-solving capabilities, natural language generation, and wide range of applications. We believe that the introduction of GPT-4 will bring a richer and more intelligent experience to NeaChat users.

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Servers running software sold by Salesforce are leaking sensitive data managed by government agencies, banks, and other organizations, according to a post published Friday by KrebsOnSecurity.

At least five separate sites run by the state of Vermont permitted access to sensitive data to anyone, Brian Krebs reported. The state’s Pandemic Unemployment Assistance program was among those affected. It exposed applicants’ full names, Social Security numbers, addresses, phone numbers, email addresses, and bank account numbers. Like the other organizations providing public access to private data, Vermont used Salesforce Community, a cloud-based software product designed to make it easy for organizations to quickly create websites.

Another affected Salesforce customer was Columbus, Ohio-based Huntington Bank. It recently acquired TCF Bank, which used Salesforce Community to process commercial loans. Data fields exposed included names, addresses, Social Security numbers, titles, federal IDs, IP addresses, average monthly payrolls, and loan amounts.

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