Artificial Intelligence

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Google wants to release 64 million lab-bred mosquitoes in Florida and California to fight dengue and Zika

Verily, the health and life sciences subsidiary of Google parent Alphabet, has asked the US Environmental Protection Agency for permission to release up to 64 million lab-bred mosquitoes across Florida and California over two years. The proposal, submitted under the company’s Debug initiative, would deploy male Aedes aegypti mosquitoes carrying Wolbachia bacteria into areas where […]

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Australia’s biggest bank says corporate AI is racking up bigger bills and producing ‘work slop’

CBA chief executive Matt Comyn used the phrase ‘work slop’ to describe the low-quality AI output now flowing through corporate workflows, as token-billed AI costs scale with task complexity. Matt Comyn, chief executive of the Commonwealth Bank of Australia, used a speech on Monday to flag two AI-adoption problems large corporate buyers have been working […]

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GoPro warned it may not survive. The AI memory crunch is killing companies that make things people hold.

GoPro warned on Monday that there is “substantial doubt about the company’s ability to continue as a going concern.” The action-camera maker reported a 26% revenue decline in Q1 and expects to breach several loan covenants. Shares fell as much as 14%. The cause is memory. GoPro said its earnings forecast has been “significantly impacted” […]

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Hackers hijacked Instagram accounts by asking Meta’s own AI chatbot to reset the password

Hackers hijacked Instagram accounts over the weekend by tricking Meta’s own AI-powered support chatbot into granting them access. The attack required no access to the victim’s email, no phishing link, and no malware. The hacker simply asked the chatbot to add a new email address to someone else’s account. A video posted on X showed […]

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IBM is up 30% in a month as Barclays says its software business is the antidote to the SaaSpocalypse

IBM stock surged 10% on Monday after Barclays initiated coverage with an overweight rating and a $350 price target, roughly 11% above the opening price. The jump extends a run that has seen IBM gain nearly 30% in May alone, its best monthly performance in almost 24 years. The stock is now up 10% year […]

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Anthropic’s IPO filing means Salesforce’s early AI bet is about to become its most profitable investment

Salesforce has a stake in Anthropic worth approximately $5 billion after investing repeatedly in the Claude developer since early 2023, Bloomberg reported on Monday. The software company first participated in Anthropic’s fundraising with roughly $50 million and has continued investing in every subsequent round. With Anthropic’s confidential IPO filing also landing on Monday, Salesforce is positioned […]

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Florida becomes the first state to sue OpenAI, naming Altman personally and calling ChatGPT a defective product

Florida has sued OpenAI and CEO Sam Altman in what appears to be the first lawsuit by a US state against the maker of ChatGPT. The civil complaint, filed Monday in state court by Attorney General James Uthmeier, accuses OpenAI of violating product liability laws, engaging in deceptive trade practices, and releasing ChatGPT while knowing it […]

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Anthropic is finally giving the EU access to Mythos, ending weeks of standoff over the world’s most powerful cybersecurity AI

Anthropic has agreed to give the European Union’s cybersecurity agency, ENISA, access to Claude Mythos, the AI model that has autonomously discovered more than 10,000 high- and critical-severity zero-day vulnerabilities across every major operating system and web browser. The decision, communicated to the European Commission over the weekend, makes ENISA the first EU institution to join […]

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AI is crushing startup valuations for companies that raised before ChatGPT existed

The AI boom has created a two-speed startup economy. Companies building on generative AI are raising at historically unprecedented valuations, while startups that last raised capital before ChatGPT launched in November 2022 are watching their worth collapse. According to PitchBook valuation estimates, more than 220 companies that once held billion-dollar valuations have now fallen below that threshold, […]

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