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Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI and Bitcoin mining

Nasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business focus on Bitcoin (BTC) mining.The firm expects to receive delivery of the 248 GPUs in the coming months and plans

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Naver Corp unveils South Korea’s answer to ChatGPT and generative AI

South Korean tech company Naver Corp has unveiled its answer to OpenAI’s ChatGPT — named CLOVA X — its newest generative AI chatbot which is aimed at Korean-language users. On Aug. 24, South Korean news outlet Yonhap reported that Naver released its upgraded hyperscale artificial intelligence model HyperCLOVA X.HyperCLOVA X is

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Pentagon forms ‘Task Force Lima’ to map generative AI for US defense

The United States Pentagon has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense.On Aug. 10, the Pentagon announced the formation of “Task Force Lima” which would look into integrating AI across the U.S. defense apparatus so it can “design, deploy,

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China to tighten rules around releasing generative AI tools

The Chinese government is considering additional regulations on artificial intelligence (AI) development that emphasize content control and licensing.According to a July 11 report from the Financial Times, the Cyberspace Administration of China (CAC) wants to impose a system requiring local companies to obtain a license before releasing generative AI systems.This

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What is generative AI?

Generative artificial intelligence (AI), fueled by advanced algorithms and massive data sets, empowers machines to create original content, revolutionizing fields such as art, music and storytelling. By learning from patterns in data, generative AI models unlock the potential for machines to generate realistic images, compose music and even develop entire

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