On the other hand, Meta plans to prioritize AI investments in 2024, despite Reality Labs' operating loss of $3.74 billion for the quarter. Forbes has also launched Adelaide, a news search tool using Google Cloud, making it one of the first major news publishers to provide personalized, relevant news content recommendations using generative AI.
Key takeaways:
- U.S President Joe Biden is set to sign a directive on AI to limit its risk, with policies mandating assessments for AI models before federal agencies can use them.
- Microsoft's investments in generative AI have begun to generate revenue, contributing to three percentage points of Azure’s growth.
- Google parent company Alphabet’s shares experienced a significant decline due to Google Cloud unit’s revenue falling short of expectations, but AI remains integral to its business model.
- Forbes has launched Adelaide, a news search tool using Google Cloud, making it one of the first major news publishers to provide personalized, relevant news content recommendations using generative AI.