thumbnail

AI's Impact on Democracy, Robots Get Smarter, Rakuten's AI Bet

AI could destroy democracy as we know it | Letter

Image Source: Guardian

• The article discusses the potential impact of AI on labor markets and democratic governance, highlighting concerns about the transformative reduction in work and employment due to AI, which could lead to the demise of workers' organizations and social democratic political parties.
• It raises important questions about how to control capital, prevent state capture by powerful individuals, ensure wealth redistribution in AI value chains, and address the potential economic consequences of falling incomes in the AI era.

Read More

F1's Rosberg Backs an AI Startup Making 'Stupid' Robots Smart

Image Source: Bloomberg

• Sereact, a German startup specializing in AI software for robots, secured €25 million ($25.7 million) for expanding its technology into new sectors.
• The AI startup, supported by F1 champion Nico Rosberg, aims to enhance the intelligence of robots in various fields beyond logistics and manufacturing.

Read More

Rakuten Billionaire Defends Costly Mobile Foray With Big AI Bet

Image Source: Bloomberg

• Rakuten Group Inc. is defending its costly mobile venture emphasizing that the telecom arm is crucial for future growth due to its focus on artificial intelligence.
• The company's chief executive believes that the telecom arm's strategic importance lies in its potential for leveraging artificial intelligence technologies.

Read More

TikTok is back, but where are Marvel Snap, CapCut, and Lemon8?

Image Source: Verge

• TikTok has partially returned in the US after a nationwide ban, but other ByteDance-owned apps like Marvel Snap, CapCut, and Lemon8 remain blocked from the Apple App Store and Google Play Store.
• Marvel Snap, a digital card game by Nuverse (a ByteDance-owned developer), unexpectedly faced a ban in the US, with users being unable to access Marvel Snap, CapCut, and Lemon8 due to a law banning these apps.

Read More

Cisco wants to utilize AIto keep your new applications and data safe

Image Source: TechRadar

• Cisco has introduced Cisco AI Defense to provide enhanced security for developers and users of AI applications.
• The focus of Cisco AI Defense is to ensure the security of new applications and data being utilized by organizations.

Read More