IT Executive news

• AI bias poses danger to the financial sector, Bank of England warns

  11-10-2023 22:01
  
  The implicit bias of present-day generative AI models make their rapid adoption in the financial sector hazardous, according to a report by a financial technology expert working for the Bank of England.Kathleen Blake’s report, published Wednesday, splits AI model bias into two categories — bias based on underlying training data, and bias based on the results of model output. Although both reflect the human biases that developers and creators bring to AI models, the former category i
  
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• Dropbox unveils video app, updates AI tools and web interface for new era of work

  11-10-2023 19:36
  
  Dropxbox is debuting a host of updates to its platform at its Work in Progress user conference in New York this week — including the launch of a new all-in-one video tool, a website redesign, and enhancements to Dropbox Dash and Dropbox AI — as well as revamping its subscription plans.The updates are part of the Dropbox's mission to design tools that power a new era of distributed work, the company says.“Our digital environments were never designed to be our primary work space
  
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• Box unveils new AI-powered content portal Box Hubs

  11-10-2023 15:42
  
  Cloud content-management company Box has unveiled Box Hubs — AI-powered intelligent portals designed to make it easy to organize, curate and publish content with internal teams and external partners.The announcement was made today at Box’s annual BoxWorks conference and comes five months after the company first revealed it would be integrating “advanced AI models” into its Box Content Cloud to help customers surface information and generate content.According to a Box-spo
  
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• California's Apple-backed Right to Repair Act is the future of tech

  11-10-2023 15:32
  
  Apple surprised us all when it pivoted to support California’s Right to Repair Act, which was signed into law this week. The SB 244 Act, which comes into effect on July 1, 2024, seems likely to have an international effect.Making iThings last longer
  The newly minted law makes California the third state after Minnesota and New York to enact such a regulation.To read this article in full, please click here
  
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• AMD to acquire Nod.ai to boost open source AI software capabilities

  11-10-2023 13:14
  
  The acquisition is expected to help AMD compete better against chipmaker Nvidia.
  
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• Google used Microsoft’s monopoly playbook to crush Bing — now Microsoft cries foul

  11-10-2023 12:00
  
  The US Department of Justice’s antitrust suit against Google has a familiar ring to those who remember a similar suit against Microsoft 25 years ago. In both cases, the government claimed the companies illegally used their monopolies to kill competition, maintain their dominant market share, and reap billions of dollars in return.In a strange twist of fate, the DOJ last week called on Microsoft CEO Satya Nadella as a key witness against Google. Nadella outlined the ways in which he says G
  
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