Palantir Technologies' stock rose over 1.8% to nearly $160 amid enthusiasm for its AI platforms and steady government contracts, with investor confidence boosted by its defense and enterprise applications, despite some bearish outlooks and competition for government deals.
Google apologized to the Indian government for unsubstantiated comments made by its AI platform Gemini regarding PM Modi, admitting that the platform is "unreliable." The government criticized AI platforms for offering consumer solutions without proper testing and announced that AI platforms will now require a permit to operate in the country. The minister of state for IT & Electronics emphasized the need for proper disclosures to users and warned that AI platforms can be prosecuted under Indian IT and criminal laws for violations and wrong information. The government issued an advisory for AI-led startups to label unverified information as potentially false and error-prone.
Amazon has launched Bedrock, an AI platform for businesses that provides customers of Amazon Web Service (AWS) with a suite of generative AI tools that can build chatbots, generate and summarize text, and classify images based on a prompt. Bedrock users can perform tasks by selecting from a range of machine learning models called “foundation models,” including Jurassic-2, Stability AI’s Stable Diffusion, and Amazon Titan. The platform is designed to compete with other offerings from companies in the generative AI space, such as OpenAI, and is intended to help AWS customers create targeted ad campaigns for products and generate product social media posts, display ads, and web copy, among other applications.