Day one of Reuters MOMENTUM launched in Austin with a packed schedule of AI thought leaders who gathered to shape an AI roadmap that aims to balance innovation with responsibility.

Some of the many notable speakers today included Seth Dobrin, CEO, Trustwise AI; Jai Das, President, Partner & Co-Founder, Sapphire Ventures; Bradley Peterson, EVP, Chief Information & Chief Technology Officer, Nasdaq; COL Matthew Benigni, Chief Data Officer, Army Futures Command, US Army; and Sri Shivananda, EVP & Chief Technology Officer, PayPal.

On the second day of Reuters MOMENTUM tomorrow, you can expect to hear from Anthony Aguirre, Executive Director, the Future of Life Institute; Alice Xiang, Global Head of AI Ethics, Sony; Nitzan Mekel-Bobrov, Chief AI Officer, eBay; Jen Majernik Huffstetler, Chief Product Sustainability Officer, Intel; Bryan Goodman, Director of AI, Ford; Gaia Bellone, Chief Data Scientist, Prudential; Rebecca Yeung, Corporate Vice President/ Chief Committee, FedEx; and Pali Bhat, Chief Product Officer, Reddit.

Take a look below at news highlights from today's forum:

Sapphire Ventures plans to invest over $1 billion in enterprise AI startups

Sapphire Ventures plans to invest over $1 billion in AI enterprise startups, doubling down on the technology's adoption by companies across the world, its president Jai Das said at the Reuters MOMENTUM conference in Austin on Tuesday. The $1 billion in capital will come from Sapphire's existing funds, which have $10 billion under management and about $3 billion waiting to the deployed. The majority will be a direct investment in AI startups, while some capital will also go to early-stage AI-focused venture funds through its limited partner fund.

Generative AI comes to Nasdaq, winning over engineers before lawyers

Months into the advent of more powerful artificial intelligence, a split is emerging inside the corporate world: engineers and marketers are embracing it, while lawyers less so, Nasdaq's chief technology and chief information officer said Tuesday. Inside Nasdaq (NDAQ.O), which operates stock exchanges and sells technology for global markets, workers across different departments are exploring how to use more novel AI, Brad Peterson said at the Reuters MOMENTUM conference in Austin.

Amazon touts its low-cost cloud computing in generative AI race

A key way that Amazon's (AMZN.O) cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on price, an executive said on Tuesday. The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services (AWS) is good at lowering, said Dilip Kumar, vice president overseeing its applications group.

Tune into day two of Reuters MOMENTUM and follow news from the forum here.

Media contact:
Heather Carpenter
Heather.Carpenter @ tr.com