The Latest Breaking News from Artificial Intelligence

Oral exams are making a comeback to stop AI cheating. But they have their own problems

Universities are increasingly turning to oral exams to stop students using artificial intelligence (AI) to cheat.

The Conversation · Aug 17

Australia must move up the AI ‘value chain’ to capture maximum benefit from the technology: Andrew Charlton

Australia must move up the Artificial Intelligence (AI) value chain rather than simply hosting data centres, the Assistant Minister for Science, Technology and the Digital Economy, Andrew Charlton, says.

The Conversation · Aug 17

Elon Musk says AI is hitting an energy wall—his 5-word solution changes everything

Elon Musk highlighted artificial intelligence efficiency, focusing on intelligence per joule. This metric addresses the growing energy demands of AI computations. Tech hubs face power grid constraints as data centers expand significantly. Autonomous vehicles and robotics will benefit from improved processing efficiency. Orbital computing and space-based solar arrays offer alternative…

The Economic Times · Aug 17

Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report

Alibaba Group Holding Ltd. ADR (NYSE:BABA) is reportedly offloading its gaming unit, Lingxi Games, to Asian private-equity firm Trustar Capital in a bid to bolster its focus on artificial intelligence (AI).

Benzinga · Aug 17

Accenture CEO Julie Sweet has a vacation request for employees: Staff can skip using leave in August & carry it forward as company wants strong Q4 finish

Accenture CEO Julie Sweet is urging employees to boost the company's fourth quarter performance. A temporary vacation policy change allows staff to carry unused leave into the next financial year. This move aims to keep more employees available during the crucial August sales period. The company seeks to strengthen sales…

The Economic Times · Aug 17

Nestle looks to develop new products to serve users of weight-loss drugs

Nestle is developing specialized products for GLP-1 weight-loss drug users. Artificial intelligence aids in analyzing research and identifying nutrient combinations. These new offerings aim to address side effects like muscle loss and facial fat. The company is also exploring ingredients to manage post-treatment appetite increases. This strategic move transforms a…

The Economic Times · Aug 17

Justin Wolfers Says AI Won't Kill Your Job — but It Will Change What It's Worth: 'Lab-Grown Diamonds Didn't Abolish Diamonds

Economist Justin Wolfers said the artificial intelligence shock to labor markets may resemble what happened to diamonds once lab-grown alternatives hit the market, not eliminating jobs entirely but sharply reducing the worth of certain tasks.

Benzinga · Aug 17

Global AI investment $1 trillion in 2026, to reach 1.4% global GDP by 2028: Goldman Sachs

Global investment in artificial intelligence is projected to reach around $1 trillion in 2026, with AI-related capital expenditure expected to remain robust in the near term, according to Goldman Sachs Research. The investment is forecast to rise from 0.9 per cent of global GDP in 2026 to 1.3 per cent…

The Economic Times · Aug 17

Stripe clinches over $7 billion deal to buy AI firm OpenRouter

The deal, just months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions. It could also give Stripe, a payments processing firm, a stronger footing in the fast-growing artificial intelligence sector.

The Economic Times · Aug 17

US to tell partners they must pick sides in AI race with China

By pressing countries to choose sides the US hopes to starve China of resources in a race to make the most sophisticated AI, which ​could be used for military or economic dominance. In July, Chinese President Xi Jinping launched a rival "World Artificial Intelligence Cooperation Organization", promoting his country's open-weight…

The Economic Times · Aug 16