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Army Promotes AI Use; AI Chipsets Market to Grow 37.1% by 2031; TSMC vs. ASML in AI Stocks; Regulators Scrutinize AI Pacts

The Army is advocating for the use of generative artificial intelligence by soldiers, while other services remain hesitant, according to Military.com. The service is encouraging the use of commercial AI, such as ChatGPT, marking a shift in its approach to new technology.

In other AI-related news, the global Artificial Intelligence (AI) Chipsets Market size is projected to grow at a compound annual growth rate (CAGR) of 37.1% from 2023 to 2031, according to SkyQuest Technology. The market was valued at $15.36 billion in 2022 and is expected to reach $262.78 billion by 2031.

Two semiconductor titans, TSMC and ASML Holding, are on track to capitalize on the AI boom, according to The Motley Fool on MSN.com. TSMC’s impressive clientele puts it in a solid position to benefit from the AI chip boom, while ASML plays a critical role in the proliferation of AI chips thanks to its advanced equipment.

Kentucky lawmakers are learning about how states are using artificial intelligence and possible legal frameworks for the technology, according to YAHOO!News. During the first meeting of the General Assembly’s Artificial Intelligence (AI) Caucus, legislators heard from experts on the benefits and challenges of AI.

Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed, according to The Associated Press – Business News on MSN.com. The move comes as regulators in the U.S. and overseas review the companies’ relationship. Microsoft exited OpenAI’s board amid scrutiny from regulators.

A new poll commissioned by CIRA suggests that generative artificial intelligence (AI) and the spread of misinformation are top-of-mind for many internet users across Canada, according to Business Insider. The poll found that half of Canadians are concerned about AI and its potential impact on the spread of misinformation.

In summary, the Army is embracing generative AI, while other services remain hesitant. The global AI Chipsets Market is projected to grow significantly in the coming years, and two semiconductor companies are well-positioned to benefit from this trend. Meanwhile, Kentucky lawmakers are learning about AI and its legal implications, and Microsoft has exited OpenAI’s board amid regulatory scrutiny. Finally, a new poll suggests that Canadians are concerned about AI and its potential impact on the spread of misinformation.

More information, please check below news source:

    Army Advocates Use of Generative Artificial Intelligence by Soldiers as Other Services Are Hesitant
    (Military.com)
    The service, not typically known for embracing the bleeding edge of new technology, appears to be the first military branch to encourage the use of commercial AI such as ChatGPT.
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    Artificial Intelligence (AI) Chipsets Market: Surge in Inference Applications Drives 37.1% CAGR by 2031 | SkyQuest Technology
    (TMCnet)
    WESTFORD, Mass., July 10, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) Chipsets Market size was valued at USD 15.36 billion in 2022 and is poised to grow from USD 21.05 billion in 2023 to USD 262.78 billion by 2031, growing at a CAGR of 37.1% during the forecast period (2024-2031).
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    Better Artificial Intelligence Stock: TSMC vs. ASML Holding
    (The Motley Fool on MSN.com)
    TSMC’s impressive clientele puts it in a solid position to make the most of the AI chip boom. ASML plays a critical role in the proliferation of AI chips thanks to its advanced equipment. Both semiconductor titans are on track to capitalize on the AI boom …
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    Kentucky lawmakers hear how other states are regulating, using artificial intelligence
    (YAHOO!News)
    Kentucky lawmakers on the General Assembly’s Artificial Intelligence Task Force learned Tuesday about how states are using artificial intelligence and possible legal frameworks for the technology. During the task force’s first meeting,
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    Microsoft quits OpenAI board seat as antitrust scrutiny of artificial intelligence pacts intensifies
    (The Associated Press – Business News on MSN.com)
    Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed because the ChatGPT maker has improved its governance since being roiled by boardroom chaos last year.
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    Microsoft relinquishes OpenAI board seat as regulators zero in on artificial intelligence
    (CBS News on MSN.com)
    Microsoft exits OpenAI’s board amid move by regulators in the U.S. and overseas to review the companies’ relationship.
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    New poll finds that half of Canadians are concerned about generative artificial intelligence and the spread of misinformation
    (Business Insider)
    A new poll commissioned by CIRA suggests that generative artificial intelligence (AI) and the spread of misinformation are top-of-mind for many internet users across the country. These results arrive months ahead of a U.
    Read More