Unveiling the AI Landscape: Insights from OWITH.ai Podcast

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. Big tech companies, such as Microsoft, Meta, and Google, are reporting increased spending on artificial intelligence (AI) infrastructure in their quarterly earnings reports. Meta is focusing on AI investments to enhance its social media platforms, while Microsoft is on track to surpass $10 billion in annual revenue from AI. Google highlighted that AI is writing over 25% of new code at the company. OpenAI has dropped its plans to create its own foundries and is working with Broadcom and TSMC to develop custom AI chips. Wall Street is investing $50 billion in AI power and data center projects to meet the energy demands of AI technology. However, there are concerns about the accuracy of AI models, with leading models providing incorrect voting information half of the time. Overall, big tech's commitment to AI remains strong, with ongoing developments and investments in the AI space.The hype surrounding AI influencers may not reflect reality. A popular post on LinkedIn promoting AI technology has left many people unsatisfied with the results. A new CNBC poll revealed that 79% of respondents had tried Microsoft Copilot, but only 25% thought it was worth it. This suggests that people are not ignoring AI but are waiting to see if it will be effective. Emphasizing the importance of seeing through the hype surrounding AI, author Gary Marcus offers his publication, "Taming Silicon Valley," as a resource for readers and government leaders. He encourages readers to support his work by becoming subscribers.Female Founders Fund (FFF) has successfully returned its first fund, a rare achievement in the venture capital industry. Their focus on investing in female founders has led to outsized returns, with investments in companies like Maven, Eloquii, and Billie showcasing the potential for success when backing overlooked founders. FFF's hands-on approach and strong founder-investor relationships have contributed to their success, attracting attention from LPs and industry players. The firm, led by founder Anu Duggal, is challenging traditional norms in venture capital and paving the way for more diverse and inclusive investment strategies.Fears and challenges surrounding artificial intelligence (AI) are discussed in a Halloween-themed issue. Exaggerated fears driven by financial incentives, potential energy consumption implications, and the impact of laws and regulations on AI innovation are explored. Researchers and policymakers must collaborate to regulate AI responsibly while harnessing its potential and mitigating risks.Dropbox laid off 20% of its workforce as it transitions to improve its financial performance. Amazon CEO Andy Jassy sought to establish a rapport with Republican nominee Donald Trump, leading to various repercussions in the industry.Cultural changes in Saudi Arabia regarding women's rights and the celebration of Halloween are highlighted. The intersection of cultural shifts, art investment, technology developments, and business news is emphasized.OpenAI has partnered with Broadcom and TSMC to develop AI chips for running AI models after training, focusing on inference chips rather than GPUs. Despite challenges in becoming profitable by 2029, OpenAI continues to innovate and partner with other tech giants.In conclusion, big tech companies' heavy investments in AI raise concerns about competition in the global technology market and its impact on society. The future may be dominated by AI-driven societies led by American tech giants, with potential negative impacts on democracy and capitalism.

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