Unpacking the Rapid Evolution of AI and Tech in OWITH.ai

OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. The rapid pace of AI model releases by companies like Google, Meta, OpenAI, and AI2 is causing confusion for consumers and tech leaders. The competition to develop more advanced AI models continues to grow, with new models being released almost daily. Notable launches include smaller models matching the capabilities of larger ones and OpenAI's restructuring into a for-profit entity. Israeli startup Bridgewise received approval to launch an AI chatbot for stock recommendations, while Google reportedly paid $2.7 billion to acquire Character.ai. The U.S. Secret Service spending $50,000 on OpenAI's technology adds to the rapid evolution of the AI industry.Counterpart Ventures' co-founder and partner, Patrick Eggen, emphasizes the importance of giving corporate venture capitalists (CVCs) autonomy in 2024. Despite scrutiny, CVCs remain a significant part of the funding landscape, participating in 28% of overall venture deals. Eggen highlights the need for CVCs to have some level of independence for success and identifies key risks they face. Success hinges on having the right structure, streamlined decision-making processes, and incentivized economics. Recent venture deals and private equity transactions show ongoing activity in the investment space.Various tech-related topics are discussed in an email, including Meta's new holographic glasses, Mira Murati's departure from OpenAI, Google and Microsoft's rivalry, and privacy concerns related to Mozilla's tracking mechanisms. The email provides insights into the evolving tech industry landscape and the impact of major players on the market.Paul Polman spoke at the Fortune Sustainability Dinner in New York, highlighting the crisis of leadership in business amidst climate change. Progress is being made with many Fortune Global 500 companies setting carbon-reduction goals. The importance of addressing climate change and working together to find solutions is emphasized.Recent developments in artificial intelligence focus on education, deepfake regulation, and advancements in AI technology. Responsible use and regulation of AI are essential to address ethical concerns and spur innovation in various industries.The concept of technological optimism and the expected "AI summer" in the near future are discussed, driven by OpenAI's advancements in AGI and AI technology. Staying informed about new developments in AI technology is crucial to stay competitive.OpenAI is experiencing high-profile departures, raising concerns about its future despite being valued at $150 billion. Investors are urged to question the company's trajectory and valuation instead of pouring more money into it.

Thanks for listening! Follow us on Twitter, Instagram and Linkedin