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What's New Today: Additional layoffs at Amazon company's justification
Fast-Track Insights: US Consumer Watchdog Explores Applying E-Banking Laws to Crypto
The business behind ChatGPT, OpenAI, which is financed by Microsoft, is said to be thinking about developing its artificial intelligence chipsets and has even identified a prospective acquisition target. According to Reuters, the business is only in the planning stages and has not yet made up its mind whether to proceed. The company, however, has been impacted by the pricey chipsets it requires for its AI-driven objectives and has been working to find a solution to the shortages of the abovementioned processors. Reuters reports that OpenAI is thinking about collaborating with industry heavyweights like NVIDIA to make this possible and that the company may eventually branch out beyond it.
Amazon has announced further layoffs in its US and international communications operations. According to a report from Deadline, "We hear that more than 5% of the workforce is impacted in the communications divisions of Amazon Studios, Prime Video, and Music," according to Times of India. The report also stated that the reduction affects less than 1% of Amazon's whole worldwide communications workforce. In the past, the corporation eliminated almost 18,000 workers between November 2022 and January 2023.
As we enter the fourth industrial revolution, artificial intelligence (AI) continues to evolve rapidly, with generative AI leading the way in innovation and transformation. In 2024 and beyond, we can expect exciting developments that will reshape industries, revolutionize creative processes, and enhance our daily lives. In this article, we will explore 10 generative AI trends to keep an eye on in the coming years. Read More
To safeguard customers from fraudulent crypto transfers, the top US body for consumer financial safety is considering extending the Electronic Fund Transfer Act (EFTA) to cryptocurrency. Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), stated at a payments conference hosted by the Brookings Institution think tank on October 6 that his organization is considering using the EFTA for "private digital dollars and other virtual currencies."
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