Alibaba Cloud Launches New AI Models
Alibaba Cloud has developed two open-source artificial intelligence models that are able to recognize information contained not only in text materials but also in images.
AI - page 54
AI Startup Hugging Face Raises $235 Million
The Hugging Face startup, which operates in the area of artificial intelligence, announced that it managed to raise investment funds for $235 million following the results of the Series D funding round.
UAE Partners With Mastercard to Accelerate AI Adoption
Mastercard has established a global centre for advanced AI and cyber technology in Dubai, UAE to realize the aspirations outlined in the UAE Strategy for Artificial Intelligence 2031.
Meta Launches AI Coding Tool for Business and Personal Use
The new tool is a fine-tuned version of LLama2 trained specifically to generate and discuss computer code. Code Llama could be particularly useful for small fintechs traditionally underserved by big-tech AI providers
Twilio Launches AI Tools
Twilio, a software company, presented new artificial intelligence tools for its customer interaction platform.
NVIDIA CEO Dispels Concerns About Deficit of Chips in AI Boom
NVIDIA Chief Executive Officer Jensen Huang said that investors’ concerns about a possible shortage of chips due to exceeding by the level of demand for these products the pace of production are not justified, and noted that there is no reason for any anxiety about this.
NVIDIA and VMware to Accelerate Generative AI Adoption
VMware and NVIDIA announced the expansion of the scope of strategic cooperation in order to provide businesses with assistance in implementing generative artificial intelligence in the process of their activities.
Tech Giant Meta Launches AI Model for Speech and Text Translations
Meta has developed a new model of artificial intelligence, with which users will be able to translate speech and text materials into almost 100 languages.
Scientist Aim to Verify ID With Walking Pattern
The new gait-based biometric security ID technology takes into account various factors of one’s walking pattern, including the length of your stride, how heavy you are, how you move, and how you roll over your feet as you walk
Microsoft CEO Says About AI Significant Influence
Microsoft CEO Satya Nadella compared artificial intelligence to a tidal wave in terms of influencing the processes taking place in the plane of human life.
IBM Develops Prototype Brain-Like Chip
The technology giant IBM is currently developing a prototype of a chip similar to a human brain and states that within the framework of this project, the issue of improving the energy efficiency of artificial intelligence is being solved.
Travel Company TUI Tests ChatGPT
Travel giant TUI AG announced the implementation of a pilot project in which generative artificial intelligence was integrated into the company’s mobile application in order to test the potential of advanced technology as part of the process of interacting with customers in the UK.
Tencent Plans to Unveil AI Model
Tencent has been testing a proprietary AI model internally across different business segments, including advertising and fintech.
Google Plans to Create Advice-Dispensing AI
The media, referring to a report by Deep Mind, which operates in the field of generative artificial intelligence and is a subsidiary of Google, reports that this firm plans to create an AI model that gives advice.
Matera to Boost Instant Payments With AI via Cinnecta Acquisition
Matera acquired Cinnecta for an undisclosed amount to enhance its instant payments and QR-code payments solutions with AI capabilities
Dubai to License AI and Web3 Startups in Subsidised Manner
Dubai International Financial Centre will be issuing artificial intelligence (AI) and Web3 licenses at a 90% subsidy
PaySpace Magazine is dedicated to providing the latest news and updates on artificial intelligence (AI). Stay informed about the newest advancements in AI technology, applications, and trends. Explore a wide range of comprehensive articles, insightful interviews, and expert opinions to gain valuable insights into the constantly evolving world of AI. Whether you are a passionate tech enthusiast, an experienced industry professional, or simply curious about AI, PaySpace Magazine is the ultimate destination to fulfill all your cravings for AI-related news and information.
Breaking News
© 2025 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.