The Royal Swedish Academy of Sciences recognized advancements in artificial intelligence (AI) this week, handing out two prizes to researchers working in the field.
At OpenAI, financial projections reveal that profits are still a ways away.
Stay informed on the latest developments in the tech world with the Investing News Network’s round-up.
The Royal Swedish Academy of Sciences presented the annual Nobel prizes this week, bestowing two of the three prizes in science to researchers in artificial intelligence (AI).
Hopfield’s invention, a computer that works like a human brain, can store patterns and recall them even if given only partial information. Hinton’s research led him to create a way to help computers to discover patterns on their own, essentially allowing them to “learn” without being programmed.
During the presentation, Tesla’s CEO Elon Musk told the audience that the model would cost below US$30,000 and that the company “hoped” to begin production before 2027, but did not offer specific details as to where, how or when production would begin. Musk also revealed his company’s plans to produce a fully autonomous 20-passenger Robovan but gave no further details other than that both vehicles would charge wirelessly.
As of writing, Tesla is down 12.5 percent for the week and 12.33 percent year-to-date.
He went on to promise shareholders that Samsung’s leaders “will prepare for the future more thoroughly.” In a translated statement, Young-hyun said, “Samsung … has always turned crises into opportunities, having a history of challenge, innovation, and overcoming.
“We will definitely make the dire situation we are currently facing an opportunity for a leap forward.”
Shares of Samsung are down 3.26 percent for the week.
The data showed that the CPI rose 0.2 percent from last month and just 2.4 percent year-over-year, its smallest annual rise since inflation first began surging in February 2021.
Bitcoin began trending upwards after the drop, and briefly moved back above US$63,000 Friday afternoon.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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