One-Minute Daily AI News 7/11/2023
One-Minute Daily AI News 7/11/2023

One-Minute Daily AI News 7/11/2023

  1. KPMG plans to spend $2 billion on AI and cloud services through an expanded partnership with Microsoft, aiming to incorporate AI into its core services. This move is in response to a slowdown in advisory deals and a challenging economic environment.[1]
  2. Elon Musk will host a conversation about AI with Rep. Ro Khanna (D-Calif.) and Rep. Mike Gallagher (R-Wis.) on Twitter Spaces Wednesday evening, a congressional aide confirmed to The Hill. Gallagher and Khanna have in the past stressed the need for balance in the technology, both expressing optimism about potential benefits while also sharing concerns about the potential dangers it can pose.[2]
  3. IT major Wipro announced the launch of the ai360 service and plans to invest $1 billion in AI over the next three years. The move follows Tata Consultancy Services’ announcement to train 25,000 engineers on generative AI tools.[3]
  4. IBM is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive said Tuesday.[4]

Sources:

[1] https://www.livemint.com/companies/news/kpmg-to-enter-into-a-deal-with-microsoft-spend-2-billion-in-ai-and-cloud-services-11689122323635.html

[2] https://thehill.com/homenews/4092145-elon-musk-to-talk-ai-with-bipartisan-pair-of-lawmakers/

[3] https://www.livemint.com/companies/news/wipro-launches-ai360-will-invest-1-billion-into-ai-the-next-three-years-11689132228044.html

[4] https://www.reuters.com/technology/ibm-mulls-using-its-own-ai-chip-new-cloud-service-lower-costs-2023-07-11/

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