Author: advancedainews

By Foo Yun Chee BRUSSELS (Reuters) – The European Commission plans to seek feedback to help lighten the regulatory burden for startups struggling to comply with European Union rules on the use of artificial intelligence, according to a Commission document seen by Reuters. The move is the latest by the EU executive to water down legislation enacted in recent years following complaints by businesses across Europe about the volume and cost of red tape hampering their operations. “There is an opportunity to minimise the potential compliance burden of AI Act, particularly for smaller innovators,” said the document, the AI Continent…

By Gus Trompiz and Florence Loeve PARIS (Reuters) – Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro partnership unveiled on Sunday, which the French firms also touted as a commitment to their home country amid the global trade tensions. The five-year partnership, which will bring CMA CGM’s AI-related spending to 500 million euros ($550 million), will focus on customer service in shipping and logistics and factchecking at its French media businesses that include news channel BFM TV. In a joint interview with Mistral’s co-founder and CEO Arthur Mensch, CMA CGM’s…

By Jeffrey Dastin REDMOND, Washington (Reuters) – As Microsoft CEOs past and present gathered here to celebrate the company’s 50th birthday, one leader said he is targeting a particular metric’s improvement to guide his strategy on artificial intelligence. Mustafa Suleyman, chief executive of Microsoft AI, said his consumer and research division is tracking the usual measures of adoption for the company’s AI assistant called Copilot. These include daily and weekly active users, distribution, and usage intensity for Copilot’s consumer offering, he said. But Suleyman’s interest lies elsewhere. “I really, really focus the team on SSR, the rate of successful sessions,”…

(Reuters) -AI video startup Runway said on Thursday it had raised $308 million in a new funding round, led by private equity firm General Atlantic, to expand its new media ecosystem. The latest funding round valued the New York-based company at over $3 billion, according to people familiar with the matter, but Runway declined to comment on the valuation. With the latest fundraise, the startup plans to develop AI research for new media focusing on its AI film and animation studio using world simulators. A world model is an AI system that builds an internal representation of an environment, and…

(Reuters) – Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology, Business Insider reported on Friday, citing multiple sources. Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in the private funding market. Terms of California-based Scale AI’s tender offer, where investors and/or the company buy shares from existing shareholders, are being discussed and the final…

CXone Mpower highlighted for delivering true end-to-end workflow automation for customer service HOBOKEN, N.J., April 17, 2025–(BUSINESS WIRE)–NICE (Nasdaq: NICE) today announced that it has been named a Leader in the 2025 Aragon Research GlobeTM for AI Agent Platforms in the Intelligent Contact Center report. The Globe identified NICE for its strengths, notably its CXone Mpower AI platform orchestrating customer service workflows, agents and knowledge at impressive scale and precision driving predictive, proactive and personalized interactions. NICE recently introduced CXone Mpower Orchestrator, a groundbreaking solution that leverages AI to proactively analyze, optimize and automate customer-service workflows for high-value use cases…

BANGKOK (AP) — Shares were mostly lower Wednesday in Asia after a rare quiet day on Wall Street and in other global financial markets. U.S. futures and oil prices also fell. Also, chip maker Nvidia’s shares fell 6.3% in after-hours trading after it said the U.S. had imposed stricter controls on its exports of one of its computer chips designed for use in artificial intelligence. Stocks in China led the regional declines after the Chinese government reported the world’s second largest economy grew at a strong 5.4% annual rate in the last quarter, helped by strong industrial production, retail sales…

Atkore, SoundHound AI, Unity, Carvana, and ThredUp Shares Are Soaring, What You Need To Know A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as “unsustainable,” and emphasized that a potential agreement between the two economic powers “was possible.” His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets. The stock market…

Meta is using AI technology to search for kids who are lying about their age on Instagram in order to bypass safeguards, the company announced on Monday. When Meta finds an account that it suspects belongs to a teen, the platform will enroll them into a restricted Teen Account, even if the account lists an adult birthday. Teen Accounts, which launched on Instagram last year, enroll young users into an app experience with built-in protections. The safeguards are applied to teens automatically, and limit who can contact a teen on the app and restrict the type of content the account…

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. In the face of increasing generative AI-based deepfake attacks, banks must fight fire with fire and invest more in artificial intelligence themselves, Federal Reserve Gov. Michael Barr said Thursday. Banks must evolve their use of AI to thwart deepfake attacks with the use of facial recognition, voice analysis and behavioral biometrics, he said during a New York Fed event, and technical solutions can be used to detect subtle inconsistencies that point to the use of AI in audio…