Category: fox-business/topic/artificial-intelligence

Amazon CEO Andy Jassy touts AI push in shareholder letter

Amazon CEO Andy Jassy outlined the e-commerce giant’s approach to artificial intelligence (AI) development in his annual letter to shareholders released Thursday. Jassy wrote that Amazon aims to “empower builders, inside and outside of our company,” with its approach to developing products and services for customers. He went on to characterize builders as “people who like to invent” and go through the process of iterative…

Former Facebook exec says AI robots will soon complete household chores amid human replacement concerns

Autonomous humanoid robots may soon be able to complete household chores like washing dishes and taking out the trash amid concerns from blue and white-collar workers that AI will disrupt industries across the United States. On Friday, former Facebook senior executive Chamath Palihapitiya predicted that a robot capable of operating inside of American homes and completing simple errands will be developed in the next few…

Google introduces new Arm-based AI chip for data centers

Google unveiled its latest custom-designed artificial intelligence semiconductor on Tuesday, introducing the new Google Axiom Processors designed to operate data centers.  This is the first central processing unit the Alphabet-own tech giant has developed using chip architect Arm Holdings. GOOGLE GEMINI MAY SOON GET MAJOR CHANGES, INCLUDING A SUBSCRIPTION MODEL AND GMAIL SUGGESTIONS ON ADROID Google’s tensor processing units (TPUs) are one of the few…

Surge in US small businesses started as side hustles

The percentage of small businesses that were launched last year by owners who were working for someone else soared nearly two-fold from 2022, according to new data. A recent survey of 1,300 new business owners conducted by payroll firm Gusto found the share of new business owners working full-time or part-time for another employer while starting their business surged from 27% in 2022 to 44%…

Wedding planning company launches AI tool to help couples ‘split the decisions’ for their special day

Planning a large event such as a wedding can be stressful for many people, as decisions about ceremonies, location, guests, flower arrangements, cake designs and much more have to be made. Zola, a wedding planning company that helps engaged couples plan details of their nuptials, announced the launch of a new tool to help couples struggling with making a myriad of decisions for the celebratory…

Larry Summers predicts AI threatens robust US job growth

The U.S. labor market continues to hum along after remaining historically tight for the past year, but recent comments by famed economist Larry Summers suggest the robust job numbers could eventually become a thing of the past due to artificial intelligence. March’s jobs report released Friday exceeded expectations, with employers adding 303,000 jobs last month while the unemployment rate inched lower to 3.8%. The demand…

Welding pioneer describes the trade industry as ‘an absolute no brainer’ in today’s economy

Welding is a profitable career that can provide America’s youth with a steady income free of debt in a trade that is in high demand in the market, a leader in the industry told Fox News Digital.  Tyler Sasse, the owner and founder of Western Welding Academy (WWA) in Gillette, Wyoming, told Fox News Digital that social media has allowed the welding school to grow…

Elon Musk boosting pay of AI engineers to prevent poaching from OpenAI

Tesla CEO Elon Musk said the electric vehicle giant is giving its artificial intelligence engineers a raise as the automaker tries to fend off poaching efforts by ChatGPT creator OpenAI. The tech billionaire made the revelation in a series of X posts Wednesday, confirming a report from The Information that Tesla machine-learning scientist Ethan Knight left for Musk’s AI startup, xAI. “Ethan was going to…

Office redesigns should focus on enabling hybrid work arrangements, AI: study

Employees have positive views about returning to the office but expect it to look and feel differently than it did before the pandemic to accommodate hybrid arrangements as well as facilitating new artificial intelligence (AI) technologies, according to a new study by Cisco. The Cisco Hybrid Work study – which surveyed 14,050 full-time employees and 3,800 employers from around the world in December 2023 and…

Nvidia announces AI-powered health care ‘agents’ that outperform nurses — and cost $9 an hour

High-powered chipmaker Nvidia has teamed up with artificial intelligence health care company Hippocratic AI to develop generative AI “agents” that not only outperform human nurses on video calls but cost a lot less per hour. The two companies on Thursday announced their collaboration to build “empathetic health care agents” powered by Nvidia and trained on Hippocratic’s health care-focused large language model (LLM) that are better…

Intel plans US building spree thanks to billions in federal chip subsidies

Semiconductor giant Intel announced Wednesday that it will receive about $20 billion in federal subsidies under the CHIPS and Science Act to advance semiconductor manufacturing projects in four U.S. states. The Commerce Department has proposed up to $8.5 billion in direct funding for semiconductor projects in Arizona, New Mexico, Ohio and Oregon. The Treasury Department also awarded up to $11 billion in federal loans and…