Plus Meta Reports Strong Revenue Despite AI Spending The EU's AI Act takes effect, imposing strict regulations on high-risk AI systems. U.S. tech giants face scrutiny, with fines for non-compliance. Full provisions start in 2026.
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EU AI Act Takes Effect, Impacting U.S. Tech Firms
The EU's AI Act, aimed at regulating AI development and usage, officially takes effect, imposing stringent requirements on high-risk AI systems. Major U.S. tech companies like Microsoft, Google, and Meta will face increased scrutiny. Non-compliance could result in significant fines. While the law begins now, most provisions are delayed until 2026, allowing firms to adjust.
AI at the 2024 Paris Olympics Takes Supporting Role
Artificial intelligence is playing a supporting role at the Paris Olympics, enhancing performance and providing personalized experiences. Innovations include AI-generated insights for athletes, automated highlight reels, and AI chatbots for fans. NBC and Intel use AI for personalized content delivery, while Omega leverages it for performance analysis. AI's potential for sports is vast but not yet fully realized.
Meta Reports Strong Q2 Revenue Amid AI Investment Surge
Meta reported $39 billion in Q2 revenue, up 22% from last year, with a $13.5 billion profit. Despite heavy AI investment, CEO Mark Zuckerberg emphasized long-term financial returns. Meta plans to advance its AI capabilities, including the Llama 4 model and AI-driven business tools. Meanwhile, Meta's app usage and Quest 3 sales continue to grow.
Study Reveals Political Bias in AI Models Toward Left-Leaning Views
A study published in PLOS One found that large language models (LLMs) like OpenAI's ChatGPT and Google's Gemini generally produce left-leaning political responses. However, models like GPT-3 and Llama 2, without fine-tuning, showed no strong bias. This raises concerns about AI's societal impact and potential political bias in an election year.
How AI is Reshaping the Future of Sales Technology
AI is poised to revolutionize sales tech by transforming the core systems and workflows traditionally dominated by incumbents like Salesforce and HubSpot. Emerging AI platforms will enable a more holistic view of customer interactions, streamline processes, and blend sales, marketing, and customer success roles. These changes will lead to innovative pricing models and redefine go-to-market strategies, potentially disrupting existing industry norms.
Taco Bell's Drive-Thru AI to Handle Orders by Year-End
Taco Bell's parent company, Yum! Brands, is expanding its "Voice AI" technology to handle drive-thru orders at hundreds of U.S. locations by the end of 2024. Already tested in over 100 stores, the AI aims to improve efficiency and accuracy. The technology will also be implemented in five Australian KFC restaurants .
