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EU’s AI Act challenge: balance innovation and consumer protection

CIO

Members of the EU Parliament have agreed on a first draft for regulating the use of AI. The AI ​​Act is now taking the next procedural step to be negotiated and worked out with individual member states. In the end, there should be an EU-wide body of law to regulate the use of AI technologies, such as ChatGPT.

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Femtosense raises capital to power the AI inside of consumer electronics

TechCrunch

Large AI systems like OpenAI’s GPT-3 might grab headlines, but the practical limitations of power consumption and cost — not capabilities — often determine where AI is deployed. But Fok claims that it will enable product developers to run 10 MB AI models at the power it normally takes to run 100 KB models.

Hardware 195
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Ai Palette raises $4.4M to help companies react faster to consumer trends

TechCrunch

Developing new packaged foods and consumer goods can take a couple years as companies research, prototype and test products. Founded in 2018, Ai Palette uses machine learning to help companies spot trends in real time and get them retail-ready, often within a few months. Both will join Ai Palette’s board.

Trends 248
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Influencing Shopping Lists with Gen AI for Consumer Goods

Perficient

What makes a consumer buy a product from one brand over another? The answer used to be brand loyalty and quality of product, but the landscape for consumer goods companies has recently flipped upside down. Anymore, consumer goods companies gain and retain loyalty from customers because of the experiences they provide.

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The Empowered Consumer

Across the retail sector, organizations are facing a new challenge in the form of the empowered consumer. Armed with a world of information at their fingertips, consumers are looking for information that is tailored to them about what to buy, where to buy it, and where the best deals are.

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Microsoft Hires Influential AI Figure Mustafa Suleyman to Head up Consumer AI Business

Ooda Loop

Microsoft has appointed Mustafa Suleyman, co-founder of DeepMind, to lead its consumer artificial intelligence business, overseeing products like Copilot, Bing, and Edge browser. Suleyman, known for advocating AI’s potential benefits and addressing its risks, will bring his expertise to Microsoft AI.

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How to Predict Consumer Behavior with Big Data and AI in 2024

Invid Group

How to Predict Consumer Behavior with Big Data and AI in 2024 BY: INVID Understanding consumer behavior is essential to competitiveness in today’s fast-paced, data-driven corporate environment. In this article, we’ll dive into the revolutionary potential of big data and artificial intelligence (AI).