Chinese autonomous driving technology company Pony AI started trading on the Nasdaq on Wednesday at $15 per share, securing it a valuation of $5.25 billion. That opening price is 15% higher than Pony’s offering price of $13, which itself was at the high end of its expected range.
The plan is to use AI to streamline the interconnection application process that’s currently painfully slow. The delay is holding up efforts to get new solar and wind farms up and running. Pressure is building to clear that backlog with electricity demand on the rise — ironically in no small part because of the artificial intelligence boom.
AI labs racing to surpass human intelligence have become the subject of reports that challenges are getting between their models and their mission.
AI is undoubtedly a revolutionary tool that offers tremendous benefits in business and law. Yet, its potential risks require a cautious and balanced approach. Responsible adoption will ensure that AI remains a tool for advancement, not a source of unforeseen harm.
Pony AI Inc. is diversifying its supply chain and looking at international markets other than the US to avoid geopolitics risk as tensions between Beijing and Washington remain volatile, according to Chief Executive Officer James Peng.
Like everywhere else on the internet, LinkedIn is awash in AI-generated content. It’s a perfect fit. As first reported by Wired, a new study has found that more than half of the posts on LinkedIn were constructed using some form of generative AI. Anyone who has spent any amount of time on LinkedIn won’t be shocked.
Silicon Valley generative AI companies are getting over their aversion to working with the U.S. Department of Defense, as the pressure builds to get returns on massive AI investments.
After an initial call, and some input from Groundlight’s founders, she and Groundlight software engineer Brandon Wada visited my house in late October to set up the system. He installed a Groundlight Hub, a small orange device on our kitchen counter, connecting wirelessly to a camera on the back porch, pointed at the cat door.
There’s been a lot of talk about AI PCs this year, but has it actually delivered on its promise? A new analysis from TrendForce says the significant boost in laptop sales in 2024 has more to do with Windows 11 updates than it does with fancy new AI features.
As generative AI moves to production systems, adopters are reaping rewards like accelerated productivity, says Swami Sivasubramanian, AWS vice president for AI and data.
Bluesky is already facing its first major AI scrape, despite the stance of its owners that it will never train generative AI on user data.
British Prime Minister Keir Starmer on Wednesday opened London's first Google-funded AI Campus which aims to help young people develop skills in the rapidly developing technology.