generative AI

It seems that new developments in generative AI happen on a daily basis, where especially ChatGPT from OpenAI is drawing the most attention. But the technology has existed longer than that, and various parties have already developed well-performing AI-applications. Rocking Robots spoke with Reiner Bruns, CTO of the Dutch company Scotty Technologies, about the impact the current hype has on the market for AI.

Generative artificial intelligence (AI) is positioned on the Peak of Inflated Expectations on the Gartner Hype Cycle for Emerging Technologies, 2023, projected to reach transformational benefit within two to five years. Generative AI is encompassed within the broader theme of emergent AI, a key trend on this Hype Cycle that is creating new opportunities for innovation.

Generative artificial intelligence (genAI) is revolutionizing the media industry, reshaping the way we consume and engage with media content. From enhancing content creation to optimizing distribution strategies, personalizing user experiences, and bolstering revenue-generating efforts, genAI is making a significant impact. According to the renowned data and analytics company GlobalData, media companies are leading this revolution in an AI-first world.

Simplifai, provider of AI automation solutions, has announced the release of Simplifai InsuranceGPT, a generative AI tool specifically built for the insurance industry. This custom-built generative AI tool automates claims management while prioritizing data security and privacy.

Amazon Web Services (AWS) has chosen 21 startups to participate in the Generative AI Accelerator program. This program offers startups in Generative AI access to training, mentorship, and resources to help grow their businesses. The program takes place at the AWS Startup Loft in San Francisco and will conclude on July 27th.

As the global appetite for generative artificial intelligence (GenAI) reaches unprecedented levels, technology behemoths such as Microsoft, Google, Meta, and Amazon are not merely allocating substantial resources to develop novel GenAI models but are also actively pursuing advancements in product offerings, foundational infrastructure, and strategic collaborations to strengthen their positions across the GenAI technology spectrum, finds GlobalData.

Voice-over marketplace Voices has released the AI in the Creative Industry Report, which explores the sentiments of creatives towards new developments in generative AI. The report reveals that while creatives are excited to see new tools emerge, they are equally concerned about making sure things are done the right way.

Worldwide end-user spending on public cloud services is forecast to grow 21.7% to total $597.3 billion in 2023, up from $491 billion in 2022, according to the latest forecast from Gartner. Cloud computing is driving the next phase of digital business, as organisations pursue disruption through emerging technologies like generative artificial intelligence (AI), Web3 and the metaverse.

Bill Gates, co-founder of Microsoft and philanthropist, shared his excitement about the potential of artificial intelligence (AI) in a blog. Gates described witnessing two technological advancements that struck him as revolutionary during his lifetime. The first was the graphical user interface, which he brainstormed with Microsoft’s Charles Simonyi, and the second was OpenAI’s GPT model that aced an Advanced Placement biology exam.

Microsoft Germany has announced that GPT-4 will be released this week, according to the company’s CTO, Andreas Braun. The announcement was made during an event called “AI in Focus – Digital Kickoff” last week. The event focused on large language models (LLMs) like GPT, and their potential to disrupt companies, as well as Microsoft’s Azure-OpenAI offering.