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.

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.

(Reuters) -E-commerce giant Amazon has developed new generative artificial intelligence (AI) that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday.

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.

AI labs racing to surpass human intelligence have become the subject of reports that challenges are getting between their models and their mission.

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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.

Commonwealth Bank of Australia said generative artificial intelligence tools cut customer losses from scams in half. It has also helped to shorten the process for mortgage pre-approvals to as little as 10 minutes.

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.

AllHere founder and CEO Joanna Smith-Griffin ran what appeared to be a fast-growing AI education startup. The FBI claims she was faking financials and lying to investors.

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.