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Stability AI CEO resigns because you’re ‘not going to beat centralized AI with more centralized AI’

Emad Mostaque, the founder and former CEO of Stability AI, has stepped down from his position as CEO and also vacated his seat on the startup's board, marking the second major leadership change within the AI industry this week.Stability AI, a unicorn startup with backing from prominent investors like Lightspeed Venture Partners and Coatue Management, has yet to appoint a permanent replacement for Mostaque. In the interim, the company has named its COO Shan Shan Wong and CTO Christian Laforte as co-CEOs, according to a statement released by the firm.Mostaque's decision to st

by entspos March 23, 2024March 27, 2024

Professional Growth, Technology

Saudi Arabia to set up mammoth $40 billion fund to invest in AI start-ups

Saudi Arabia is in discussions to establish a substantial $40 billion fund aimed at investing in artificial intelligence, as the nation endeavors to make its mark in an industry already flush with capital and strengthen its foothold in high-tech sectors.The country's Public Investment Fund (PIF), boasting assets estimated at $925 billion, is reportedly in negotiations with Silicon Valley's Andreessen Horowitz regarding this initiative. According to reports from The New York Times, this fund could be operational by the end of 2024, significantly surpassing existing investmen

by entspos March 21, 2024March 21, 2024

Professional Growth, Technology

Pakistan earns $1,719 million from IT services’ export in 7 months

During the initial seven months of the fiscal year 2023-24, Pakistan garnered a total of US $1,719.921 million through the provision of various Information Technology (IT) services to diverse countries, showcasing a growth of 12.78 percent compared to the US $1,524.969 million earned in the corresponding period of the previous fiscal year 2022-23, as reported by the Pakistan Bureau of Statistics (PBS).Throughout this period, the export of computer services witnessed a notable increase of 14.09 percent, soaring from US $1,224.499 million to US $1,397.051 million from July to

by entspos March 19, 2024March 19, 2024

Professional Growth, Technology

China relies on artificial intelligence to manage the world’s largest high-speed rail network

China is leveraging artificial intelligence to manage its extensive 45,000km high-speed rail network, achieving notable milestones, as per involved engineers. An AI system in Beijing processes real-time data countrywide, promptly alerting maintenance teams with 95% accuracy within 40 minutes, facilitating swift reinspection and repair efforts. Last year, no operational high-speed railway lines in China warranted speed reductions due to major track irregularities, while minor track faults decreased by 80%. With the application of AI technology, rail movement amplitude ind

by entspos March 15, 2024March 15, 2024

International, Technology

YouTube wants to incorporate metaverse functionality

YouTube wants to incorporate metaverse functionality into its video stream. The Google-owned video platform, which has been supporting VR video since 2016, said it hopes to "provide more interaction" with game content, especially. Unlike its competitors, the footsteps towards the metaverse are slow and no specific plans have been revealed yet. "YouTube has said it doesn't have a solid idea yet, but one possibility is to allow users to watch videos together on the metaverse," Reuters said. Recent Posts

by entspos February 15, 2022March 15, 2024