Latest news with #AI-related
The Star
a day ago
- Politics
- The Star
AI legislation must be expedited to tackle negative impact, says Deputy Digital Minister
SHAH ALAM: Specific legislation governing artificial intelligence (AI) must be expedited due to the growing negative impact of the technology, particularly in fraud-related crimes, says Datuk Wilson Ugak Kumbong. The Deputy Digital Minister said he was informed that between 2020 and 2024, AI-related crimes have resulted in an estimated global loss of around RM5bil. "I expect the AI legislation to be tabled this year so that we can tighten control and outline appropriate penalties for those who misuse this technology," he said when met at the Gawai Kitai Ngiling Bidai 2025 celebration, here Saturday (June 28). He was responding to questions regarding the misuse of AI technology, including incidents involving high-ranking government officials including former Inspector-General of Police Tan Sri Acryl Sani Abdullah Sani and Johor police chief Datuk M. Kumar. Acryl Sani and Kumar had previously denied appearing in separate viral videos circulating on social media, which showed individuals resembling both of them allegedly receiving aid from a person bearing the title "Datuk". He said in response to this matter, his ministry is actively conducting awareness campaigns through the Digital Malaysia Tour programme to engage and educate the public, especially in rural areas, so that they do not fall victim to AI-related fraud. "I have gone to Sabah, the interior of Kapit in Sarawak, and Penang to raise awareness among rural communities about the latest tactics and modus operandi of these criminals," he said. Digital Minister Gobind Singh Deo was previously reported as saying that a full report on the proposed regulations and the possible enactment of specific legislation for AI would be submitted to his ministry by the end of this month. - Bernama
Barnama
a day ago
- Politics
- Barnama
Deputy Digital Minister Calls For AI Legislation To Be Expedited
SHAH ALAM, June 28 (Bernama) -- Specific legislation governing artificial intelligence (AI) must be expedited due to the growing negative impact of the technology, particularly in fraud-related crimes. Deputy Digital Minister Datuk Wilson Ugak Kumbong said he was informed that between 2020 and 2024, AI-related crimes have resulted in an estimated global loss of around RM5 billion. 'I expect the AI legislation to be tabled this year so that we can tighten control and outline appropriate penalties for those who misuse this technology,' he said when met at the Gawai Kitai Ngiling Bidai 2025 celebration, here today. He was responding to questions regarding the misuse of AI technology, including incidents involving high-ranking government officials including former Inspector-General of Police Tan Sri Acryl Sani Abdullah Sani and Johor Police Chief Datuk M Kumar S Muthuvelu. Acryl Sani and M Kumar had previously denied appearing in separate viral videos circulating on social media, which showed individuals resembling both of them allegedly receiving aid from a person bearing the title 'Datuk'. He said in response to this matter, his ministry is actively conducting awareness campaigns through the Digital Malaysia Tour programme to engage and educate the public, especially in rural areas, so that they do not fall victim to AI-related fraud. 'I have gone to Sabah, the interior of Kapit in Sarawak, and Penang to raise awareness among rural communities about the latest tactics and modus operandi of these criminals,' he said. Digital Minister Gobind Singh Deo was previously reported as saying that a full report on the proposed regulations and the possible enactment of specific legislation for AI would be submitted to his ministry by the end of this month. -- BERNAMA
Yahoo
2 days ago
- Business
- Yahoo
Buy Micron Technology (MU) Stock for AI Growth After Record Quarterly Sales?
Reporting strong results for its fiscal third quarter on Wednesday evening, Micron Technology MU is at the top of an expansive list of companies that are experiencing AI-driven growth thanks to high demand for semiconductor memory solutions. Along with other major players in the semiconductor and memory chip space, such as Marvell Technology MRVL and Qualcomm QCOM, Micron is benefiting from the growing demand for high-performance computing components for AI, data centers, and mobile devices. Seeing sales of AI-related products more than double, Micron's Q3 sales came in at a quarterly record $9.3 billion. This was a 37% increase from Q3 sales of $6.81 billion in the comparative quarter and comfortably exceeded estimates of $8.83 billion by 5.27%. Micron's high-bandwidth memory (HBM) business stood out, with sales of $1.5 billion marking nearly 50% sequential growth, fueled by demand for AI computing applications. HBM sales helped drive record DRAM (Dynamic Random-Access Memory) revenue of $7.1 billion, as Data Center-specific revenue more than doubled from the surge in memory demand for AI workloads. Image Source: Zacks Investment Research On the bottom line, Micron's Q3 earnings skyrocketed 208% to $1.91 per share ($2.18 billion) from EPS of $0.62 a year ago and crushed expectations of $1.59 a share by 20%. Improved pricing and product mix were the main drivers, with Micron vanquishing a 39% gross margin, compared to 28% in the prior year quarter. Other noteworthy highlights included a six-year peak in free cash flow at $1.95 billion. Image Source: Zacks Investment Research Supported by AI momentum, Micron CEO Sanjay Mehrotra stated the company is on track to deliver record revenue for the full fiscal year. Notably, Micron expects Q4 sales to be $10.7 billion (+/-$300 million), which came in above the current Zacks Consensus of $9.9 billion. Even better, Micron's forecast for Q4 EPS of $2.50 (+/- 15 cents) was well above expectations of $2.02. There was a lot to like about Micron's strong Q3 results, and there could very well be more upside for MU shares, which are up nearly +50% this year. However, following such an extensive year-to-date rally, Micron stock currently lands a Zacks Rank #3 (Hold). To that point, more upside will largely depend on what will hopefully be a positive trend of earnings estimate revisions (EPS) in the coming weeks, given Micron's AI growth and reassuring guidance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
CNN
2 days ago
- Entertainment
- CNN
Denmark plans to thwart deepfakers by giving everyone copyright over their own features
The Danish government is planning to tackle the issue of AI-generated deepfakes by granting citizens property rights over their likeness and voice. The proposed legislation would mean that people who find that their features have been used to create a deepfake would have the right to ask the platforms that host the content to take it down, Danish Culture Minister Jakob Engel-Schmidt told CNN on Friday. Engel-Schmidt believes that 'technology has outpaced legislation' and the proposed law would help to protect artists, public figures and ordinary people from digital identity theft, which he said is now possible with just a few clicks thanks to the power of generative AI. 'I think we should not accept a situation where human beings can be run through, if you would have it, a digital copy machine and misused for all sorts of purposes,' he said. He cited the example of musical artists who have discovered songs online purporting to be theirs, but which have in fact been made using AI clones of their voice. One such case involves Canadian singer Celine Dion, who in March warned fans about AI-generated content featuring her voice and likeness that was circulating online. And in April 2024, more than 200 artists, including Billie Eilish, Kacey Musgraves, J Balvin, Ja Rule, Jon Bon Jovi, the Jonas Brothers, Katy Perry and Miranda Lambert, signed an open letter speaking out against AI-related threats in the music industry. Engel-Schmidt says he has secured cross-party support for the bill, and he believes it will be passed this fall. Once the legislation is passed, Engel-Schmidt believes a second step would be to introduce more legislation that could impose fines on companies that do not comply with requests to remove content featuring an AI-generated deepfake. 'We are champions of freedom of speech, we would like everyone to be heard, but we also believe that human beings have the right to say yes and no to them being used by generative AI,' he said. As for whether he has discussed the proposed legislation with tech companies, Engel-Schmidt said: 'Not yet, but I'm looking forward to it. I think it's in their interest as well to make AI work for humanity, not against, you know, artists, popular figures and ordinary people.' Athina Karatzogianni, a professor of technology and society at the University of Leicester, England, told CNN that the Danish proposal is one of hundreds of policy initiatives around the world looking to reduce the possible harms associated with the misuse of generative AI. 'Deepfakes can have both individual and social impact, because they can both harm individual rights and also (have) sociopolitical impacts, because they undermine the values that are fundamental to a democracy, such as equality and transparency,' said Karatzogianni.
Indian Express
3 days ago
- Business
- Indian Express
Sam Altman on NYT podcast: Key highlights including Microsoft tensions, AI jobs disruption
OpenAI CEO Sam Altman has sharply criticised The New York Times over a recent development in a copyright infringement lawsuit, accusing the publisher of trying to undermine user privacy by demanding that the ChatGPT-maker retain consumer and API customer data. 'The New York Times, one of the great institutions, truly, for a long time, is taking a position that we should have to preserve our users' logs even if they're chatting in private mode, even if they've asked us to delete them. Still love The New York Times, but that one we feel strongly about,' Altman said during a live interview in San Francisco, California, US, with Hard Fork, the tech podcast from The New York Times. The CEO was accompanied onstage by Brad Lightcap, OpenAI's chief operating officer, with podcast hosts NYT columnist Kevin Roose and tech journalist Casey Newton. The two OpenAI executives abruptly came up onstage before being introduced. 'This is more fun that we're out here for this,' Altman said to the hosts. 'Are you going to talk about where you sue us because you don't like user privacy?' he said moments later, taking a jab at NYT. However, the rest of the 33-minute conversation went on smoothly with Altman and Lightcap responding to questions on a slew of AI-related issues including talks with US President Donald Trump, impact of AI on jobs, souring relationship with Microsoft, Meta's all-out push toward artificial superintelligence (ASI), and more. Here are the key highlights from the interview. OpenAI COO Brad Lightcap said that he agreed with predictions about AI changing jobs forever. 'I think that there is going to be some sort of change. I think it's inevitable. I think every time you get a platform shift, you get the changing job market,' he said. 'In 1900, 40 per cent of people worked in agriculture, it's 2 per cent today […] We work with businesses every day to try and enable people to be able to use the tools at the level of 20-year-olds that come into companies and use them with a level of fluency that far transcends anyone else at those organizations but we see it as our mission to make sure that people know how to use these tools and and to drive people forward,' he said. 'I do think there will be areas where some jobs or whole categories of jobs will go away and any job that goes away, even if it's good for society and the economy as a whole, is extremely painful at that moment. But in many more cases I think we will find that the world is significantly under-employed and wants way more code than can get written right now,' Altman said. Both of them disagreed with Anthropic CEO Dario Amodei's prediction that AI will eliminate 50 per cent of entry-level white-collar jobs in the next five years. 'The entry-level people will be the people that do the best here. They're the most fluent with the tool, they're the most liable to think of things in new ways. New jobs will be better and people will have better stuff. The take that half the jobs are going to be gone in a year or two years or 5 years or whatever is just not how society really works even if the technology were ready for that. The inertia of society will be helpful in this case,' Altman said. When asked about the current status of OpenAI's relationship with Microsoft, Altman said, 'In any deep partnership, there are points of tension and we certainly have those. We're both ambitious companies, so we do find some flashpoints, but I would expect that it is something that we find deep value in for both sides for a very long time to come.' He added that he had a 'super nice call' with Microsoft CEO Satya Nadella this week where they discussed the future of their working relationship. Microsoft is OpenAI's biggest investor and has pumped billions of dollars into the AI startup. However, recent reports have suggested that ties between the two companies have soured with the partners negotiating a new contract. On these reports, Altman asked, 'Do you believe that, when you read those things?' When asked whether Meta CEO's play toward building AI systems that are superintelligent was a recruiting strategy, Lightcap quipped, 'I think [Zuckerberg] believes he is superintelligent.' Competition for AI talent has reached a feverish pitch as superstar researchers are being courted like professional athletes on the belief that individual contributors can make or break companies. In a recent podcast appearance, Altman had said that Meta offered OpenAI employees bonuses of $100 million to recruit them, as the social media giant looks to ramp up its AI strategy. Based on productive talks he has had with Donald Trump about AI and its geopolitical and economic importance, Altman said that the US president 'really gets it. I think he really understands the importance of leadership in this technology.' At the beginning of the year, Trump announced what might be the most ambitious infrastructure project in the country's history since NASA's first missions to the moon. This initiative known as the Stargate Project is a joint venture among OpenAI, Microsoft, Nvidia, Arm, Oracle, Softbank, and other corporate partners aiming to invest $500 billion to build out AI infrastructure such as data centers, energy plants, power lines, and more in the US over the next four years. The first data centre under the project is already under construction in Texas and will be dedicated to training OpenAI's next AI models. When asked about the dangers of ChatGPT, especially when used by people to discuss conspiracy theories or suicide with the chatbot, Altman said, 'We don't want to slide into the mistakes that I think the previous generation of tech companies made by not reacting quickly enough.' 'However, to users that are in a fragile enough mental place, that are on the edge of a psychotic break, we haven't yet figured out how a warning gets through,' the OpenAI CEO said. On AI regulation, Altman said, 'As these systems get quite powerful, we clearly need something. And I think something around the really risky capabilities and ideally something that can be quite adaptive and not like a law that survives 100 years.' 'I have become a bit more, jaded isn't the right word, but it's something in that direction, about the ability of policymakers to grapple with the speed of technology,' he said.
