Generative artificial intelligence has been gaining traction around the world. The latest country to embrace it is Japan. According to The Japan Times, private-sector businesses in the country have begun embracing related information technologies to enhance operational efficiency. GenAI search services, in particular, are proving useful for searching corporate databases.
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The news states how Lion, a leading Japanese consumer goods company, has built a generative AI-powered search system that allows its researchers to search through research reports and conference materials stored in the company’s database efficiently.
“To drive innovation, we need a system that allows researchers to have quick access to technical knowledge when they need it”.
– Shintaro Yamaoka, manager of the digital strategy department
Yamaoka revealed that the time required to locate a desired document has been reduced to an average of one-fifth of that with conventional search systems. The company further states that GenAI is proving beneficial not only for recruits and young employees but also for those transitioning to new workplaces, allowing them to “systematically acquire knowledge in unfamiliar fields”. Even though GenAI comes with its fair share of challenges such as hallucinations and copyright concerns, it also stands to benefit the corporate world in the long run.
In other news, one popular AI chatbot is seemingly facing a technical glitch and preventing it from saying one name in particular: David Mayer. If there is one name in the AI realm that everyone knows about, it’s ChatGPT. The artificial intelligence chatbot has been trained on large amounts of data to create content, including voices, music, pictures, and videos. However, it was recently unearthed by a Reddit user that the AI chatbot is unable to say David Mayer.
According to AI expert Justine Moore, a plausible scenario is that someone named David Mayer went out of his way to remove his presence from the internet. For example, strict privacy laws in the European Union allow citizens to file “right to be forgotten” requests.
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15. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group N.V. (NASDAQ:NBIS) is an AI infrastructure firm that builds full-stack infrastructure to enable the growth of the global AI industry, including large-scale GPU clusters, cloud platforms, and tools and services for developers. On December 2nd, Nebius announced that it was raising $700 million in a private placement from investors including Nvidia (NVDA.O), Accel, and some accounts managed by Orbis Investments, as reported by Reuters. Nebius is said to be driving the development of the foundational infrastructure for artificial intelligence. Founded by Arkady Volozh, former founder and CEO of Yandex, Volozh said that the $700 million financing would allow the company to gain additional firepower for building clusters of graphics processing units (GPUs), cloud platforms, and other tools for AI developers faster and on a larger scale.
14. SoundHound AI (NASDAQ:SOUN)
Number of Hedge Fund Holders: 11
SoundHound AI (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses. On December 2nd, the company announced that it is expected to participate in two investor conferences in December. It will be showcasing its voice AI technology at two prestigious tech conferences. Nitesh Sharan, SoundHound CFO, will be participating at the UBS Global Technology and AI Conference in Scottsdale, Arizona on December 4, while Keyvan Mohajer, SoundHound CEO, and Nitesh Sharan, SoundHound CFO, will participate at the Barclays Annual Global Technology Conference in San Francisco on December 12.
