AWS is allocating $100 million in Generative AI to compete with Microsoft and Google

Amazon’s cloud unit Amazon Web Services said yesterday that it is investing $100 million in a Generative Artificial Intelligence center to help firms use Generative AI. The announcement shows AWS recognizes the importance of the current moment in generative AI space and the significance of being in the talks, alongside competitors Microsoft and Google. AWS CEO Adam Selipsky…

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USA and India Set to Declare Multiple Deals Spanning AI, Defense, and Chips

The USA and India will announce multiple defense and technology collaborations during Indian Prime Minister Narendra Modi’s state visit to the USA as reported by the USA officials. Modi is on his maiden state visit to the USA. From deepening defense or military ties to increased collaboration on technology and diversification of supply chains, senior…

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Singapore’s IMDA Says, We are currently not looking to Regulate AI

As governments contemplate whether artificial intelligence technology poses risks or threats and whether it needs regulation, Singapore is taking a wait-and-see approach. Lee Wan Sie, director of trusted AI and data at Singapore’s Infocomm Media Development Authority, said, “We are currently not looking at regulating AI.” IMDA promotes as well as regulates Singapore’s communication and media sectors….

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EU Charges Google for Anti-competitive Practices in ADTech Business

The European Union charged Google for Anti-competitive practices in advertising technology (ADTech) and may seek the breakup of parts of its business to resolve the bloc’s concerns. The executive arm of the EU, the European Commission reached a primary conclusion that Google is dominant in the European Union market for publisher ad servers and also…

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