Fred Havemeyer News Today

TEAM earnings call for the period ending March 31, 2024.

The funding bonanza over AI could add lots of hype and "maybe some grifting," says Demis Hassabis."In a way, AIs not hyped enough but in some senses its

The company claims this will simplify pricing. Enterprise IT buyers may be better off

Investors are dumping money into AI as they grapple with the fear of missing out.Amazon may invest up to $4 billion in Anthropic, an AI rival of OpenAI.The

DeepMind chief Demis Hassabis said the surge in funding for AI "brings with it a whole attendant bunch of hype and maybe some grifting."

Wealthy investors are jumping on the AI train in part because they simply don't want to miss out on the next big thing.

The S&P 500 is now up 15 of the past 17 weeks, a feat that last happened in 1989.

But industry analysts point to the high quality of the tool's videos displayed so far, and note that its introduction marks a significant leap for both OpenAI and the future of text-to-video generation overall. Still, as with all things in the rapidly growing AI space today, such technology also raises fears about potential ethical and societal implications. Here's what you need to know.

The maker of ChatGPT is now diving into AI-generated video

TEAM earnings call for the period ending December 31, 2023.