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STORY: From Microsoft's budget bot, to alarm over deepfakes in India’s election, this is AI Weekly. ++++Microsoft has launched a cheaper AI model. Dubbed “Phi-3-mini,” it’s meant to do things like draft social media posts while using less data and being more affordable. Facebook-parent Meta has an update out too, with its latest bot able to generate images in real time as the user types prompts. ++++AI is causing alarm in India’s mammoth general election, which runs for weeks. Fake videos have circulated showing top Bollywood stars appearing to criticize Prime Minister Narendra Modi. Some versions of the videos were soon blocked on social media sites, but many continued to circulate. ++++Chip maker TSMC is enjoying the boom driven by ChatGPT and the like. The Taiwan titan beat forecasts over the latest quarter and says “insatiable” AI demand is helping it get over waning sales of gadgets. ++++AI is roaming the warehouse. UK firm Dexory has developed a robot that can detect damaged stock, and dodge forklift trucks while it does it. Andrei Danescu is the co-founder and CEO."They're the world's tallest autonomous robots. So the size of a warehouse rack, they're about 12.5m tall, which gives them the ability as they pass through the warehouse to scan everything in one swift go, in one swift pass.” ++++And AMD has unveiled its latest AI-enabled chips.The Intel rival wants a bigger slice of the market for laptops designed to work with the tech. Now the new chips will roll out on computers from HP and Lenovo later this year.
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