Author: GT

Pinterest has now publicly apologized for the wave of moderation issues that have swept across the social network over the past few weeks, leading to account bans and Pin removals that users said were unwarranted. In posts published to social media on Tuesday, the company took responsibility for the issue, saying that an “internal error” led to some users’ accounts mistakenly being deactivated. The company didn’t share more details about what caused the error, though many have wondered if the bans were driven by an overreliance on AI-powered moderation. Reached for comment, Pinterest said the error was not due to…

AI startup Stability AI has released Stable Audio Open Small, a “stereo” audio-generating AI model that the company claims is the fastest on the market — and efficient enough to run on smartphones. Stable Audio Open Small is the fruit of a collaboration between Stability AI and Arm, the chipmaker that produces many of the processors inside tablets, phones, and other mobile devices. While a number of AI-powered apps can generate audio, like Suno and Udio, most rely on cloud processing, meaning that they can’t be used offline. Stability also claims that Stable Audio Open Small’s training set is made…

Google’s recent announcement of an AI Futures Fund shows the company wants to invest in AI startups. It sees itself as providing capital, early access to AI models yet to reach production, and support for startups from experts at the company.This is not Google’s first rodeo. To date, Alphabet (Google’s parent company) has invested in 38 AI companies. Big name acquisitions to date include the UK’s DeepMind, Waymo, the autonomous vehicle intelligence company, and home automation specialist Nest.While such investments signal a broad intent to at least associate Google with startups coming to market with a smart idea (if not…

President Donald Trump has posted more than 200 times about oil prices since he joined Twitter in 2009, with his missives providing some insight on what price he prefers for crude — and it’s not a good level for the U.S. shale industry. Goldman Sachs mined all of Trump’s posts on Twitter, X, and his social media platform Truth Social. The bank found that Trump has called for lower oil prices 213 times and higher prices 15 times. The president posts the least about oil prices when U.S. crude trades between $40 to $50 per barrel, suggesting that this is…

The US Food and Drugs Administration (FDA) has stated that it wants to accelerate the deployment of AI across its centres. FDA Commissioner Martin A. Makary has announced an aggressive timeline to scale use of AI by 30 June 2025 and is betting big on the technology to change drug approval processes for the US.But the rapid AI deployment at the FDA raises important questions about whether innovation can be balanced with oversight.Strategic leadership drive: FDA names first AI chiefThe foundation for the ambitious FDA AI deployment was laid with the appointment of Jeremy Walsh as the first-ever Chief AI…

Republican leadership in the Ways and Means committee of the U.S. House of Representatives released Monday night a draft of a reconciliation bill that seeks to undo much of the Inflation Reduction Act (IRA). The landmark 2022 law implemented a range of incentives that spurred the production of clean energy, electric vehicles, carbon capture, and battery storage. Since the IRA was enacted, the law has spurred more than $275 billion in private investment in the United States. House Republicans’ axe has fallen in places both expected and surprising. Under the “expected” column: Electric vehicle tax credits and the ability to…

NEW YORK (AP) — Responding to complaints from the tech industry and other countries, the U.S. Department of Commerce has rescinded a Biden-era rule due to take effect Thursday that placed limits on the number of artificial intelligence chips that could be exported to certain international markets without federal approval. “These new requirements would have stifled American innovation and saddled companies with burdensome new regulatory requirements,” the Commerce Department stated in its guidance. President Joe Biden established the export framework shortly before he left office in an attempt to balance national security concerns about the technology with the economic interests…

Centrus Energy is a “must-own” stock for any investor who wants to profit from the planned expansion of U.S. nuclear power to meet electricity demand from artificial intelligence data centers, according to Evercore ISI. Evercore initiated coverage of Centrus on Tuesday with the equivalent of a buy rating, giving it a 12-month price target of $145, implying upside of more than 50% from its Tuesday close at $92.57 per share. Centrus occupies a critical niche in the nuclear supply chain, Evercore analyst Nicholas Amicucci told clients in a note. Once the U.S. Enrichment Corp., an arm of the Energy Department…

After a week or so of rumors, the U.S. Department of Commerce (DOC) formally rescinded the Biden administration’s Artificial Intelligence Diffusion Rule days before it was set to go into effect. The Artificial Intelligence Diffusion Rule, which was introduced by former president Joe Biden in January and set to come into force on May 15, introduced limits on exporting U.S.-made AI chips to many countries for the first time while bolstering existing restrictions. On Tuesday, the DOC announced that it instructed staff not to enforce the Biden-era regulation. The DOC plans to issue a replacement rule in the future, likely…

Apple Music is introducing a new “audio wellness” collection of songs called Sound Therapy. Designed in partnership with Universal Music Group (UMG), the feature combines songs that subscribers already know with other sound waves that promote focusing, relaxing, and sleeping. Songs may include auditory beats or colored noise, sound waves where the intensity varies at different frequencies that are categorized by colors. For instance, pink noise — a variation akin to rain or wind — can be combined with delta waves to promote sleep. Image Credits:Apple The Focus category in Sound Therapy, meanwhile, leverages gamma auditory beats combined with white…