TOKYO (Reuters) -Technology investor SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring. But SoftBank’s belief in AI comes with risks amid growing concern of an “AI bubble” that could see SoftBank overextended in companies at eye-watering valuations, repeating some of its debt-fuelled investment mistakes of the past. For now, analysts have re-rated SoftBank’s share price target up as the wave of investment in artificial intelligence infrastructure such as data centers continues apace and the frontrunners in AI development, such as SoftBank investee OpenAI, project rapid growth.
Airlines Turn to AI to Manage Disruptions
Flight delays tied to the U.S. government shutdown have renewed attention on how artificial intelligence (AI) could help airlines and regulators manage
Goldman Sachs Says AI Boom Will Supercharge Energy Demand
Goldman Sachs dismisses fears of an AI stock market bubble but warns that the rapid growth of AI data centers will dramatically increase US energy consumption and drive up utility costs.
Lafourche middle school student arrested, accused of sharing AI nude image of classmate
A middle schooler says nude images of her were made using AI and then shown to students on a school campus in Lafourche Parish.
Artist sneaks AI-generated print into National Museum Cardiff gallery
A visitor who noticed the piece says staff “admitted they had no idea about the piece or when it arrived”.
💔 AI-Powered Romance Scams Growing in Complexity
AI technologies are increasingly being employed in online romance scams, facilitating deceptive interactions. A recent case involved a Utah woman who lost substantial money to an AI-generated persona. This highlights the rising threat of generative AI in fraud, affecting victims globally and raising cybersecurity concerns.
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Utah universities prepare students for jobs transformed by artificial intelligence
Louisiana middle school student arrested after AI-generated nude photos of female students were shared
A male student has been charged with sharing explicit photos of other students created by artificial intelligence.
State CIOs Comprise Half of New Texas AI Advisory Board
Four of the eight gubernatorial appointees head up technology at a variety of offices and departments. They will join other public- and private-sector execs in offering guidance on adopting AI.
Wikipedia Urges AI Companies to Use Its Paid API Instead of Website Scraping
The Wikimedia Foundation, the nonprofit behind Wikipedia, issued a call to artificial intelligence (AI) developers and companies to stop scraping
