Chief executives cannot shut up about AI
Synopsis by The Economist Jun 08 23
Earnings calls are overflowing with mentions of itRead full article 
The Economist: Chief executives cannot shut up about AI
Story Details
| Last Updated | Jun 08 23 |
| Total Articles | 8 |
Main Topics
field of computer science and engineering practices for intelligence demonstrated by machines and intelligent agents
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Don’t blame MKBHD for the fate of Humane AI and Fisker: Humane AI raised more than $230 million before it even shipped a product. And when it finally released ...
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Quick Glance: MKBHD's Impact on Humane AI and Fisker
- Humane AI raised over $230 million before launching a disappointing product, the Ai Pin. The backlash from tech reviewers was significant.
- Marques Brownlee, known as MKBHD, faced criticism for his review that could impact the fate of Humane AI. The scrutiny shifted towards how he presented his critique of the product.
- Critics view Humane AI as an underdog, despite its substantial funding and backing from notable investors. The scrutiny of MKBHD's review also highlighted issues of bias and criticism in the tech community.
- The critique of MKBHD's review was analyzed through a racial lens by some Black techies, shedding light on disparities in expectations and treatment of prominent figures in the tech industry.
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Quick Glance: Growing Demand for AI Threatens Global Power Supply
- Tech experts concerned about crucial role of energy supply in AI development.
- The increasing need for electricity poses a challenge for advancements in artificial intelligence.
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Quick Glance: Musk Plans Fee for New X Users
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- Tests in New Zealand and the Philippines raised skepticism about the effectiveness of the fee as a countermeasure against bots.
- Declining revenues at X post-rebranding and Twitter acquisition, along with a negative brand perception by companies, are impacting the service's business.
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AI’s electricity problem: Tech chiefs warn that power-hungry data centres are a bottleneck in developing AI
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Quick Glance: Google Employees Rally Against Cloud Agreement with Israel's Government
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Elon Musk’s Grok keeps making up fake news based on X users’ jokes: X likely hopes to avoid liability with disclaimer that Grok "can make mistakes."
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OpenAI winds down AI image generator that blew minds and forged friendships in 2022
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Can AI really change our material world? : Compounds produced by the technology challenge our idea of novelty
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Humane AI Pin: much-hyped gadget rocked by bad reviews: A new AI-fuelled gadget has fallen foul of the tech world's expectations.
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Quick Glance: Google to Surpass Microsoft in AI Investment, DeepMind CEO Affirms
- Many of us have fallen under the spell of the foundation model in the past year and a half, triggered by OpenAI's unveiling of ChatGPT.
- DeepMind, acquired by Google in 2014 for a reported £400-650 million, has achieved more impressive milestones than most.
- Deep Mind's CEO Demis Hassabis confirmed at the TED 40th anniversary conference in Vancouver, Canada, that Google has no intention of slowing down investment in the technology, but rather the opposite.
- Hassabis emphasized the need to avoid an artificial intelligence arms race that could lead to risky decisions and highlighted the importance of society starting to think about the types of architectures being built as we approach achieving artificial general intelligence.
Internet users are getting younger; now the UK is weighing up if AI can help protect them
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TUC calls for law to protect UK workers when employers use AI: Union body’s proposals include human involvement when technology makes ‘high-risk’ decisions like ...
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Brave Search is adopting AI to answer your queries: The new "Answer with AI" feature returns neatly formatted answers for questions like "People ...
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Elon Musk's Grok AI Pushes False News Stories About Indian Election, Iran Strike: X users were surprised to see that Prime Minister Modi was 'ousted' in a ...
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Cloud office sit-in strike: Google fires 28 employees after Israel protests: Several Google employees occupy the Google Cloud manager's office in California to ...
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Quick Glance: Google terminates 28 employees after office occupation due to anti-Israel protests
- Google terminated 28 employees on Thursday who had occupied its offices to protest against contracts with the Israeli government, as confirmed by a Google spokesperson.
- The protesters were arrested and after refusing to leave the office of Google Cloud CEO Thomas Kurian in Sunnyvale or the workspace in New York City for nearly 10 hours, they were transferred to administrative positions to urge Google to terminate the Project Nimbus contract and cease business with the Israeli government.
- No Tech For Apartheid, a project by Jewish Voice for Peace and Linda Sarsour’s MPower Change, described the terminations as an "indiscriminate act of mass retaliation."
- The office occupations at Google were accompanied by demonstrations on-site and in Seattle, aiming to compel Google to withdraw from the project to establish cloud-based data centers and transition a significant portion of the Israeli government's IT infrastructure to cloud-based servers.
LinkedIn testing Premium Company Page subscription with AI-assisted content creation
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The Download: Neuralink’s biggest rivals, and the case for phasing out the term “user”
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AI Scientists Create Humanoid Robot That 'Thinks' Its Way Through Tasks: The MenteeBot prototype responds to voice commands and can pick up and carry a range of ...
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TNW Podcast: Caroline Viarouge on EIT Manufacturing and EU-UK collaboration:
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Netflix true crime documentary may have used AI-generated images of a real person
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Small stocks, big problems: Does size matter any more? FT Alphaville examines the ‘death of small-caps’ narrative
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Author granted copyright over book with AI-generated text—with a twist: Copyright Office changed course after initially denying request.
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Live news: S&P 500 and Nasdaq post fifth session loss in a row
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New UK law targets “despicable individuals” who create AI sex deepfakes: Under new law, those who create the images would face a fine and possible jail time.
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The Morning After: Boston Dynamics' bi-ped Atlas robot is going into retirement: The biggest news stories this morning:
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Quick Glance: Boston Dynamics' New Fully Electric Atlas Robot
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- The electric Atlas offers enhanced strength, range of motion, and versatile applications across various industries, starting with automotive manufacturing for parent company Hyundai.
- Boston Dynamics has had a tumultuous history, from its founding as a promising research-focused startup to multiple acquisitions, but now seems to be focusing more on commercial applications.
- The launch of the electric Atlas not only signifies a milestone in robotics but also provides a glimpse into the future where humanoid robots are poised to play an increasingly integral role in the industry.
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Tesla stock slides after mass layoffs as its market cap falls below $500 billion: The company briefly dropped below a $500 billion valuation for the first time ...
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Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
Intel's AI chip tools cut some aspects of the Meteor Lake design from weeks to minutes — plans for wider use of AI in future architectures
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Stock market today: S&P 500 hits 4-day losing streak as tech drops: The S&P 500 notched its fourth-straight day of losses as Nvidia, Meta, and other tech names ...
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Samsung Galaxy A35 Hands On: A Bargain at $399 But It Skips the AI: The Galaxy A35 5G packs top-tier features like an OLED screen with an adaptive refresh rate ...
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Quick Glance: Samsung Executives: New Work Schedule and Economic Challenges
- Samsung Group is introducing a six-day workweek for executives in response to economic challenges and disappointing results in 2023.
- The sudden change aims to create a sense of urgency and promote efforts to overcome the situation. The new work schedule takes effect immediately in most of Samsung's technology divisions.
- The work culture in South Korea is renowned for its intensity. In 2022, the average worker spent 1,901 hours at work.
- Recent data shows that Samsung has regained the top position in global smartphone shipments. First-quarter 2024 results are expected on April 30.
S&P 500 marks its longest losing streak since January: NEW YORK — Sinking technology stocks sent Wall Street lower again on April 17, dragging the S&P 500 to ...
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SPY: 10 Reasons To Believe A 10% Decline In The S&P 500 Is Forthcoming: SPDR® S&P 500 ETF Trust might face a significant 10% decline, following its strong Q1 ...
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- The SPDR® S&P 500 ETF TRUST rose 10.2% in the first quarter, but the S&P 500 Index has struggled in April.
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Gentoo Linux tells AI-generated code contributions to fork off: A good PR move opines community member
theregister.com/2024/04/16/gentoo_linux_ai_ban/
Meta AI: Llama 3 is here - Golem.de: Meta has introduced the next generation of its Large Language Model (LLM), Llama 3. It is said to be more powerful than most ...
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Menteebot is a human-sized AI robot that you command with natural language: Menteebot is a human-sized robot that’s stuffed with AI bells and whistles ...
engt.co/3xBzfLH
Microsoft to invest $1.5 bln in Emirati AI firm G42, takes minority stake: Microsoft will invest $1.5 billion in United Arab Emirates-based artificial ...
reut.rs/3xCrIfP
Quick Glance: Microsoft to Invest $1.5 Billion in Emirati AI Firm G42 for Minority Stake
- Microsoft is investing $1.5 billion in the United Arab Emirates-based artificial intelligence firm G42 to acquire a minority stake and a board seat.
- The partnership aims to deepen ties between the USA and the UAE amid the global battle for tech dominance.
- The deal includes G42 using Microsoft cloud services to run its AI applications.
- G42 and Microsoft plan to jointly bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.
How cheap, outsourced labour in Africa is shaping AI English: Workers in Africa have been exploited first by being paid a pittance to help make chatbots ...
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Psychology professor warns about AI: We are losing important skills: AI is already making work easier in many areas. At the same time, it also takes decisions ...
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Stock market prediction: S&P 500 bull signal showing 19% gain by Aug. 2025: The signal implies the S&P 500 could hit 6,000 over the next 16 months ...
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Verdict in Prague: AI-generated image can be used freely by anyone: A company had DALL-E create an image that a law firm used for its own website ...
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The Smartest Way to Use AI at Work: Generative AI tools can help you get ahead in the office—if you know how to use them.
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AI security systems can help identify potential threats: PETALING JAYA: Improving airport security through a combination of artificial intelligence (AI) ...
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Tesla (TSLA) Model 2 Is Crucial to Investment Thesis, David Baron Says: A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in ...
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