5 things about AI you may have missed today: Chatbots spreading racist medical ideas, new AI investment tool, and more

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AI Roundup: Cryptocurrency exchange platform Bitget announced the launch of its latest AI tool called Future Quant, which leverages AI technology and sophisticated algorithms to provide users with info to take informed investment decisions. In a separate development, the Philippine military has been instructed to cease using AI apps due to potential security risks. All this, and more in today's AI roundup.

Cryptocurrency exchange platform Bitget announced the launch of its latest AI tool on Friday. As per a release, the AI tool, called Future Quant, leverages AI technology and sophisticated algorithms to provide users with premium portfolios and informed investment decisions. Bitget says that Future Quant does not require any human input and it can use AI to automatically adjust Settings according to the market dynamics.

Amidst the ongoing curbs on the export of AI chips enforced by the US, it could help Huawei Technologies to expand its market in its home country China, Reuters reported on Friday. Although Nvidia has an almost 90 percent market share in China, the ongoing restrictions could help Chinese tech companies in the race to become the top AI chip provider. Jiang Yifan, chief market analyst at brokerage Guotai Junan Securities posted on his Weibo account, “This U.S. move, in my opinion, is actually giving Huawei's Ascend chips a huge gift.”

While the whole world is adopting AI, the Philippine military has been ordered to stop using AI apps, AP reported on Friday. This order came from Philippine Defense Secretary Gilberto Teodoro Jr. due to security risks posed by apps that require users to submit multiple photos of themselves to create an AI likeness. “This seemingly harmless and amusing AI-powered application can