Last week, Gartner placed AI on the “Peak of Inflated Expectations” in the hype cycle — a phase that many past innovations, including the internet, had gone through. And it’s not hard to see why… Money is flowing in the industry, more and more startups are pitching themselves as “AI” companies and AI products are…
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Tech Giants Race to Revolutionize Medicine Using AI
Dr. Google will see you now. While it may not have spent four years in med school, it’s likely read through more scientific material than any other doctor in the world. Google’s AI chatbot Med-PaLM 2 has achieved a 92.6% accuracy when answering medical questions — just under the 92.9% score from human medical professionals….
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Are We In a Giant AI Bubble?
We gotta talk AI and bubbles. This has played out many times: Investors overhype an emerging technology, prices rise, and stocks eventually crash. Is it different this time? According to Lance Roberts of RIA Advisors, valuations suggest that the AI ride will ultimately end. He compares the return of the tech-heavy Nasdaq index during the…
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Palantir Surges on Second Consecutive Quarter of Profitability and “Unprecedented” Demand on Its AI Platform
Companies are increasing their investments into AI — and data analytics company Palantir wants a piece. Playing the AI card: On its earnings call this week, Palantir hyped up its Artificial Intelligence Platform (AIP) — set to release this month. AIP can help militaries tap large language models for battlefield intel and decision-making. Palantir also…
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Music Companies Wage a War on AI-Generated Music
Raise your hand if you can’t tell the difference between AI-Drake and real Drake. ✋ There’s an onslaught of uploaded AI-generated music — and it’s becoming a problem for streaming platforms and record labels. It starts with AI-music creation apps like Boomy — where you can “create original songs in seconds” and “submit your songs…
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IBM Wants to Replace 30% of Non-Customer- Facing Workers with AI
AI is coming for our jobs — that’s what’s happening. Companies are already salivating at the potential cost cuts from AI — and IBM has quantified what that’ll look like. IBM expects to pause hiring for roles that AI could potentially replace. CEO Arvind Krishna sees 30% of IBM’s ~26K non-customer-facing roles getting replaced by…
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AI is Growing Too Fast, And Some Technologists Want Big Tech to Chill
We’ve all heard the warnings: AI is dangerous. AI will take your job. AI will end humanity. These technologists are doing the opposite — fighting back. Yesterday, the Future of Life Institute released an open letter urging the pause of large AI experiments for six months, receiving signatures from technologists like Elon Musk and Apple’s…
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The World’s Largest Chipmaker Hates Crypto, Loves AI
The world’s largest US chipmaker (by market cap) has a love-hate relationship with crypto. Nvidia (accidentally) benefited from the growth of crypto — as their chips were used to power the crypto mining industry. That helped create a chip shortage at a crucial time (2020-21) when other industries were also fighting for supply. Now, Nvidia…
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Bill Gates is Bullish on AI: “The Age of AI has Begun”
Bill Gates is bullish on AI. In an op-ed on his blog, he talked about AI’s benefits, risks and potential. He saw two technologies that were “revolutionary”: The first was in 1980 with graphical user interfaces, leading to modern operating systems (i.e., Windows, MacOS). The second with OpenAI — seeing AI as important as the…
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Google’s AI chatbot underwhelms on launch with factual errors
Some of the worst product demos in history: Elon Musk’s “bulletproof” Cybertruck glass breaks. Steve Jobs’ iPhone refusing to connect to WiFi. Add Google to the list. On Monday, Google (NASDAQ:GOOG) released their AI chatbot Bard along with this demo… Can you spot the factual error? Astronomy buffs would point out to you that JWST…
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