Digital business models Archives | Page 555 of 583

Ride-hailing app Yango suspended in Togo over safety concerns

Togo’s transport ministry has suspended the operations of Yango, a ride-hailing app owned by Yandex, the tech giant from Russia, due to security concerns. The app had been operating in the West African nation since June, but the ministry stated Yango was functioning without proper authorisation and in violation of national regulations.

The decision to suspend Yango was driven by concerns over passenger safety, as well as the app’s failure to adhere to the country’s legal procedures. The ministry emphasised the need to ensure that transportation services in Togo operate in compliance with local laws.

Effective immediately, Yango’s services have been halted across the entire national territory. The company has not yet commented on the suspension or provided any response to requests for information.

Yango, which had only recently entered the Togolese market, now faces an indefinite pause in operations as the government prioritises safety and regulatory compliance for ride-hailing services.

ByteDance fires intern for disrupting AI training

ByteDance, the parent company of TikTok, has dismissed an intern for what it described as “maliciously interfering” with the training of one of its AI models. The Chinese tech giant clarified that while the intern, who was part of the advertising technology team, had no experience with ByteDance’s AI Lab, some reports circulating on social media and other platforms have exaggerated the incident’s impact.

ByteDance stated that the interference did not disrupt its commercial operations or its large language AI models. It also denied claims that the damage exceeded $10 million or affected an AI training system powered by thousands of graphics processing units (GPUs). The company highlighted that the intern was fired in August, and it has since notified their university and relevant industry bodies.

As one of the leading tech firms in AI development, ByteDance operates popular platforms like TikTok and Douyin. The company continues to invest heavily in AI, with applications including its Doubao chatbot and a text-to-video tool named Jimeng.

IBM unveils new AI model for businesses amid intensifying generative AI competition

IBM unveiled its latest AI model, known as ‘Granite 3.0,’ on Monday, targeting businesses eager to adopt generative AI technology. The company aims to stand out from its competitors by offering these models as open-source, a different approach from firms like Microsoft, which charge clients for access to their AI models. IBM’s open-source strategy promotes accessibility and flexibility, allowing businesses to customise and integrate these models as needed.

Alongside the Granite 3.0 models, IBM provides a paid service called Watsonx, which assists companies in running these models within their data centres once they are customised. This service gives enterprises more control over their AI solutions, enabling them to tailor and optimise the models for their specific needs while maintaining privacy and data security within their infrastructure.

The Granite models are already available for commercial use through the Watsonx platform. In addition, select models from the Granite family will be accessible on Nvidia’s AI software stack, allowing businesses to incorporate these models using Nvidia’s advanced tools and resources. IBM collaborated closely with Nvidia, utilising its H100 GPUs, a leading technology in the AI chip market, to train these models. Dario Gil, IBM’s research director, highlighted that the partnership with Nvidia is central to delivering powerful and efficient AI solutions for enterprises looking to stay ahead in a rapidly evolving technological landscape.

Meta unveils Movie Gen in collaboration with Blumhouse

Meta, the owner of Facebook, announced a partnership with Blumhouse Productions, known for hit horror films like ‘The Purge’ and ‘Get Out,’ to test its new generative AI video model, Movie Gen. This follows the recent launch of Movie Gen, which can produce realistic video and audio clips based on user prompts. Meta claims that this tool could compete with offerings from leading media generation startups like OpenAI and ElevenLabs.

Blumhouse has chosen filmmakers Aneesh Chaganty, The Spurlock Sisters, and Casey Affleck to experiment with Movie Gen, with Chaganty’s film set to appear on Meta’s Movie Gen website. In a statement, Blumhouse CEO Jason Blum emphasised the importance of involving artists in the development of new technologies, noting that innovative tools can enhance storytelling for directors.

This partnership highlights Meta’s aim to connect with the creative industries, which have expressed hesitance toward generative AI due to copyright and consent concerns. Several copyright holders have sued companies like Meta, alleging unauthorised use of their works to train AI systems. In response to these challenges, Meta has demonstrated a willingness to compensate content creators, recently securing agreements with actors such as Judi Dench, Kristen Bell, and John Cena for its Meta AI chatbot.

Meanwhile, Microsoft-backed OpenAI has been exploring potential partnerships with Hollywood executives for its video generation tool, Sora, though no deals have been finalised yet. In September, Lions Gate Entertainment announced a collaboration with another AI startup, Runway, underscoring the increasing interest in AI partnerships within the film industry.

Bain and OpenAI to develop AI solutions for key industries

Bain & Company announced it is expanding its partnership with OpenAI to offer AI tools like ChatGPT to its clients. The firms previously formed a global alliance to introduce OpenAI technology to Bain’s clients, and the consultancy has now made OpenAI platforms, including ChatGPT Enterprise, available to its employees worldwide.

Bain is also setting up an OpenAI Centre of Excellence, managed by its own team, to further integrate AI solutions. The partnership will initially focus on developing custom solutions for the retail and healthcare life sciences industries, with plans for expansion into other sectors.

While Bain did not disclose financial details, around 50 employees will be dedicated to this collaboration, as reported by the Wall Street Journal.

US SEC files appeal in Ripple case focusing on XRP sales

The US Securities and Exchange Commission (SEC) has filed an appeal in its case against Ripple, though it does not challenge the court’s decision that XRP is not a security. Instead, the SEC’s appeal, submitted on 16 October, questions Ripple’s XRP sales on exchanges and personal sales by its executives, Brad Garlinghouse and Chris Larsen.

Ripple’s chief legal officer, Stuart Alderoty, clarified that the ruling regarding XRP’s status as a non-security remains unchanged. Ripple is set to file its own Form C in response within seven days, and both parties will agree on a briefing schedule for the ongoing case.

The legal process is expected to take up to 90 days, with the SEC required to file its first brief within that period. Ripple’s legal team remains confident as the case progresses.

ChatGPT for Windows launches with restrictions

OpenAI has released the ChatGPT app for Windows, which is now available via the Microsoft Store. Like the Mac version launched earlier this year, it offers quick access to the AI-powered chatbot, allowing users to integrate AI into their daily activities.

The app is in an early release stage and limited to paid users, including Plus, Team, Enterprise, and Edu subscribers. A broader rollout to free-tier users is expected within the next few weeks or months. Some Mac and web version features are not yet included but are planned for future updates.

Key features missing from the Windows version include advanced voice modes, integration with Google Drive and Microsoft OneDrive, and external authentication through GPT Builder. Users, however, can still upload files and photos using the newly introduced o1 model for analysis.

ChatGPT offers convenience features such as the ‘Alt + Space’ shortcut, which allows users to bring it into focus when multitasking. It also remembers its previous position on the screen, resetting to the centre upon reopening.

Trump discusses EU fines with Apple CEO Tim Cook

Republican presidential candidate Donald Trump revealed that he spoke with Apple CEO Tim Cook about the financial penalties imposed on the tech giant by the European Union. Trump claimed that Cook informed him about a recent $15 billion fine from the EU, along with an additional $2 billion penalty, although Apple has not confirmed the details of the call.

The EU is investigating major tech companies to limit their influence and promote fair competition for smaller businesses. Recently, Apple encountered major challenges, including a court ruling that required the company to pay about $14 billion in back taxes to Ireland. Additionally, Apple was hit with a $2 billion antitrust fine for allegedly restricting competition in the music streaming sector via its App Store.

During the podcast with Patrick Bet-David, Trump expressed his commitment to protect American companies from what he described as unfair treatment. He stated, ‘Tim, I got to get elected first. But I’m not going to let them take advantage of our companies.’ Trump and Democrat Kamala Harris are currently in a tight race for the 5 November presidential election.

Schneider expands data centre offerings with $850 million deal

Schneider Electric has announced an $850 million deal to acquire a 75% controlling stake in Motivair Corp, a US company specialising in liquid cooling solutions for high-performance computing. The French firm expects to complete the all-cash deal in the coming quarters, with plans to acquire the remaining stake by 2028. The acquisition is part of Schneider’s strategy to expand its offerings for the rapidly growing data centre market, which increasingly demands efficient cooling solutions for technologies like generative AI.

Motivair, located in Buffalo, New York, manufactures advanced cooling systems that pump coolant directly near chips, efficiently managing the heat produced by high-performance computing—something traditional air cooling struggles to do. Schneider CEO Peter Herweck emphasised the expansion of the data centre and networks sector, which accounted for 21% of the company’s 2023 orders, approximately 8 billion euros. He also noted strong global demand for these technologies.

Herweck stated that Schneider is not actively pursuing further acquisitions in the data centre sector but remains open to opportunities as they emerge. The company’s shares have climbed 31% this year, driven by its strong market presence and the growing demand for advanced cooling solutions in data centres.

Mistral introduces edge AI models for privacy-first applications

Mistral, a French AI startup, has launched its first generative AI models, ‘Les Ministraux,’ designed to run on edge devices like laptops and mobile phones. The models, Ministral 3B and Ministral 8B, offer versatile applications such as on-device translation and autonomous robotics, catering to privacy-focused, low-latency scenarios.

Both models can process 128,000 tokens, roughly the length of a 50-page book. While Ministral 8B is available for research purposes, commercial licences for self-deployment are being offered directly by Mistral. Developers can also access the models through Mistral’s cloud platform, La Platforme.

Smaller AI models are increasingly in demand due to their cost-effectiveness and efficiency. Mistral claims that its Ministral models outperform competitors like Llama and Gemma across several benchmarks, offering strong instruction-following and problem-solving capabilities.

Paris-based Mistral, which has raised $640 million in venture capital, continues to expand its AI portfolio. The company has introduced services such as developer testing and model fine-tuning, positioning itself as a competitor to major players like OpenAI and Anthropic.