The Story: From reality checks on AI stocks to bots with an Olympic mission, this is Generation AI.
Tech stocks fell after unimpressive quarterly results from major artificial intelligence companies.
Google and Microsoft are facing rising costs for servers, data centers and research.
That frustrates investors.
In total, the market capitalization of AI stocks has been wiped out by $190 billion.
China has approved more than 40 AI models for public use in the past six months.
Major companies such as Xiaomi are also among the companies that have received the green light.
The Chinese government has been requiring companies to seek approval since August, with the aim of keeping a close eye on the technology.
U.S. watchdogs are scrutinizing AI transactions.
The Federal Trade Commission has ordered tech giants Microsoft, Alphabet, Amazon and Anthropic to hand over details about their partnerships with AI companies and cloud service providers.
Regulators are concerned that this new technology is being dominated by a few large companies.
Visitors to this summer’s Paris Olympics will be helped by AI.
The city’s public transportation network is equipping its staff with AI-enabled translation devices.
These can translate 16 different languages and continue to be used after the game ends.
And after profits fell by a third compared to the latest quarter, Samsung is hoping the expansion of AI can help revive its memory chips and technology.
Cutting-edge chip and server products for AI are one of our priorities for next year.
Samsung is hoping to catch up with local rival SK Hynix, which is also looking to improve chip prices.
