Law schools in the United States have begun banning artificial intelligence in the classroom, according to a Financial Times column Monday (Sept. 7) by Patti Waldmeir. The University of Chicago Law School is among the institutions imposing these restrictions. For the new academic year, phones,...
Nvidia CEO Jensen Huang once again trumpeted the arrival of artificial general intelligence (AGI). Huang congratulated OpenAI in a Sunday (Sept. 6) post on social platform X after the startup released its latest AI model, which was trained on Nvidia’s chips. “From ChatGPT to o1...
China’s ByteDance has reportedly secured a $29.6 billion loan from nearly 30 banks. That’s according to a report Friday (Sept. 4) from Reuters, which says the TikTok owner’s plans for artificial intelligence have attracted strong interest from lenders. The loan is the second-biggest in Asia...
Anthropic is reportedly pushing back its initial public offering (IPO) to late October. The artificial intelligence company had been expected to release its IPO prospectus as soon as this week, Reuters reported Friday (Sept. 4), citing sources familiar with the matter. That move, a critical...
Brazilian digital bank PicPay has begun rolling out an integration with Anthropic’s Claude that enables PicPay customers to check financial information in Claude by using natural-language commands. The integration with Claude will be rolled out gradually to customers on an early-access list, and it will...
Williams-Sonoma is putting hard numbers behind what conversational artificial intelligence can do for a retailer’s bottom line. Engagement with Olive, Williams-Sonoma’s AI shopping assistant, has risen 700% since the start of the year, and revenue tied to the tool is up 620%, Sameer Hassan, the...
Enterprise artificial intelligence adoption is spreading, but the money is piling up fast among a small group of companies. New data from Ramp shows the top 1% of customers account for 80% of enterprise revenue at both OpenAI and Anthropic, a concentration that has held...
Anthropic is preparing to finalize an expansion of its revolving credit facility to $15 billion, up from the $2.5 billion facility it secured last year, Bloomberg reported Friday (Sept. 4), citing unnamed sources. Companies typically finalize their revolving credit facility before notifying banks of their...
GE Appliances has deployed more than 800 artificial intelligence agents across its manufacturing, logistics and supply chain operations, using Google Cloud’s Gemini Enterprise, the company said in its announcement. “AI is now integral to the way work gets done at GE Appliances,” said Mandar Deo,...