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AI is changing the fine print on your favorite services

Companies are gradually changing their terms of service to meet the needs of the AI era. Google altered its terms last July to specify that it may use publicly available user data to train its Bard chatbot — now called Gemini — and cloud services offering. Snap and X have made similar changes to their terms of service, while Meta notified European users that public posts on Facebook and Instagram will be used to train its AI.
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The G42 logo.

Taidgh Barron/ZUMA Press Wire via Reuters

Hard Numbers: Microsoft’s big Gulf investment, Amazon’s ambitions, Mammogram-plus, Adobe pays up, Educating Don Beyer

1.5 billion: Microsoft has announced a deal to invest $1.5 billion in G42, an artificial intelligence firm based in the United Arab Emirates that recently cut ties with Chinese suppliers that had raised US security concerns. Washington and Abu Dhabi relations have been strained over the UAE’s ties to Chinese tech companies. But this deal – which grants Microsoft a minority stake in the company – could signal a new era of relations with the US.

33: Amazon is talking about artificial intelligence – like, a lot. In his recently published annual letter to shareholders, Amazon CEO Andy Jassy mentioned AI 33 times. The company invested $4 billion in Anthropic, which makes the Claude chatbot, and will host Anthropic on Amazon Web Services. Jassy said the company wants to build AI models more so than applications (think GPT-4 instead of ChatGPT) and sell directly to enterprise clients.

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CFOTO/Sipa USA via Reuters Connect

Hard Numbers: NVIDIA rising, the magician’s assistant, indefensible budget lags, Make PDFs sexy again

3: NVIDIA is now the third-most valuable company in the U.S. after reporting rosy financial returns. The AI-focused chipmaker’s market capitalization is now $1.812 trillion, surpassing Google parent company Alphabet, and trailing only Microsoft and Apple. How things change: just one year ago, NVIDIA’s market cap was a paltry $580 billion.

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