One-Minute Daily AI News 10/7/2024

1. Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve.[1]
2. Samsung Electronics apologises for disappointing profit as it struggles in AI chips.[2]
3. Google DeepMind exec says AI will increase efficiency so much it’s expected to handle 50% of info requests in its legal department.[3]
4. Fairfax Co. to use AI for screening nonemergency 911 calls.[4]

Sources:

[1] https://www.cnbc.com/2024/10/08/foxconn-chairman-says-ai-boom-still-has-time-to-go-as-llms-evolve.html

[2] https://finance.yahoo.com/news/samsung-electronics-estimates-274-jump-235615769.html

[3] https://finance.yahoo.com/news/google-deepmind-exec-says-ai-174701159.html

[4] https://wtop.com/fairfax-county/2024/10/fairfax-co-to-use-ai-for-screening-non-emergency-911-calls/