Social network X has updated its developer agreement to prohibit third parties from using its content for training large language models, impacting AI development. This change aims to address concerns about privacy and misuse of user data in AI applications. The move reflects growing scrutiny and regulation of AI technologies’ ethical and legal implications.
AI poised to slash banking costs by 20%, says McKinsey
McKinsey’s report highlights AI’s potential to significantly reduce banking costs while emphasizing the importance of early adoption for competitive advantage.