Goldman Sachs believes that artificial intelligence technology could help drive S&P 500 profits over the next 10 years. Goldman’s senior strategist Ben Snider said, “Over the next 10 years, AI could increase productivity by 1.5% per year. And that could increase S&P500 profits by 30% or more over the next decade.” The emergence of ChatGPT…
An important committee of lawmakers in the European Parliament has approved an artificial intelligence regulating act — which might soon become the West’s first AI law. The approval signifies a landmark development in the competition among authorities to avail the edge in the AI space with breakneck speed. The law called the European AI Act,…
Artificial intelligence is going to be a central point at Google’s annual developer conference as the company is planning to unveil a number of generative AI updates, including unveiling a general-use large language model. The company will launch PaLM 2. It is Google’s most recent and advanced Large Language Model (LLM). PaLM 2 includes over 100 languages…
According to an early investor in Google’s research laboratory, DeepMind, “We are still some way off reaching human-level artificial intelligence despite rapid advances in the technology.” Humayun Sheikh is a founding investor in the AI startup DeepMind. DeepMind is currently owned by Google. Sheikh said, “In terms of artificial general intelligence, OpenAI, ChatGPT stuff: it’s…
