Jumia reduces losses by over 90% amid focus on restoring order and GMV growth

In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100 million to $120 million in Q1; $90 million to $100 million in Q2; and $80 million to $90 million in Q3, aiming for a 57% to 61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed [...]

2024-02-15T18:37:14-06:00February 15th, 2024|Categories: New Technologies|Tags: |0 Comments

Google’s new AI hub in Paris proves that Google feels insecure about AI

This morning, Google’s CEO Sundar Pichai inaugurated a new hub in Paris dedicated to artificial intelligence. This hub is located in a newly renovated building near Google’s main office in Paris. It will host around 300 researchers and engineers. But if you pay close attention to Google’s whereabouts in Paris, [...]

2024-02-15T17:29:20-06:00February 15th, 2024|Categories: New Technologies|Tags: |0 Comments

Guardrails AI wants to crowdsource fixes for GenAI model problems

It doesn’t take much to get GenAI spouting mistruths and untruths. This past week provided an example, with Microsoft’s and Google’s chatbots declaring a Super Bowl winner before the game even started. The real problems start, though, when GenAI’s hallucinations get harmful — endorsing torture, reinforcing ethnic and racial stereotypes and [...]

2024-02-15T17:00:55-06:00February 15th, 2024|Categories: New Technologies|Tags: |0 Comments
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