AI, ML Weekly News Wrap (24 – 31 October 2023):  US AI Executive, Apple’s Scary Fast, Microsoft’s AI, IBM Watsonx and More

This week Artificial Intelligence has seen major initiatives like Apple’s AI Ambitious Move and ‘Scary Fast’, Microsoft’s AI, IBM Launches Watsonx Code Assistant,Cruise’s Robotaxi, Qualcomm AI Chip and more. 

But the Biggest AI News of this week that shook the entire new age technology is the US AI Executive Order released by the White House on October 30, 2023. President of the United States, Joe Biden, issued an executive order aimed at establishing new safeguards, governing, measurement, and investment in the use of Artificial Intelligence. The must read news is the FACT SHEET: President Biden Issues Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence

Also, Two Prominent Companies Layoff were in the news this week. Why LinkedIn and Stack Overflow Resucing its Workforce 

The pace of progress in AI and ML surprises us with cutting-edge innovations in reshaping the future of technology, healthcare, finance, the environment and many others. 

Check here What are the latest developments in AI ML between  October 24 to 31, 2023

Microsoft’s AI Boost Helps Cloud Business Outpace Rivals Amazon and Google in Latest Quarter: In the latest tech earnings reports for the third quarter, Microsoft’s cloud division demonstrated remarkable growth, with its Azure platform expanding by 29%. This growth outpaced the competition, as Google Cloud reported a 22% increase and Amazon Web Services (AWS) lagged with only 12% growth. For Detailed Coverage: Click Here

Redefining Photography in the Era of Generative AI: In an era marked by the growing influence of artificial intelligence (AI) across various fields, photography has not remained untouched. The advent of AI algorithms in image creation has raised intriguing questions about the nature of photographs.Read More: Click Here

IBM Launches Watsonx Code Assistant for Enterprise Application Modernization: IBM has unveiled Watsonx Code Assistant, an innovative generative AI-powered assistant tailored to enhance the coding and application modernization process for enterprises. The product aims to accelerate development while prioritising trust, security, and compliance, leveraging generative Artificial Intelligence based on IBM’s Granite foundation models for code running on the Watsons platform.

Other Popular AI News of the Week: 

• Apple’s “Scary Fast” October 30 Event: New Macs Unveiled, but No iPads
• X, Formerly Twitter, Introduces Audio and Video Calls: How to Activate and Use the Feature
• Cruise’s Robotaxi Meltdown Puts Autonomous Future in Doubt
• Google DeepMind Chief Urges Equal Focus on AI Risk and Climate Crisi
• IBM Launches Watsonx Code Assistant for Enterprise Application Modernization
• Britain to Host Global AI Safety Summit, Aiming for Leadership Role

Apple’s Ambitious Move: Pouring Billions into Secret AI Development: Apple is making a strategic shift to invest heavily in generative artificial intelligence (AI), with a rumoured budget of at least $1 billion annually. According to Bloomberg, the tech giant is quietly working on an internal project known as “Apple GPT,” aimed at enhancing various aspects of its ecosystem, from Siri to iOS, Apple Music, and Xcode. To Read More: Click Here

Qualcomm Unveils AI-Enhanced Laptop Chip to Challenge Apple in 2024: This chip is set to be available in laptops starting in 2024 and is poised to challenge Apple’s M2 Max chip for Mac computers, claiming superior performance in specific tasks and better energy efficiency. For Detailed Information: Click Here

Lenovo and NVIDIA Collaborate to Propel Generative AI Adoption in Enterprises: Lenovo and NVIDIA have announced an extensive partnership aimed at bringing the capabilities of generative AI to businesses across various industries. This collaboration is marked by a commitment to delivering integrated systems that make AI-powered computing accessible from the edge to the cloud. Check Here for more information. 

Two Prominent Companies Layoff News: Why LinkedIn and Stack Overflow Resucing its Workforce 

668 layoffs by LinkedIn; Till date nearly 1,400 workforces were reduced by Microsoft-owned LinkedIn

Stack Overflow Lays Off 28% of staff; Announce CEO Prashanth Chandrasekar to stay profitable