Payoff from AI projects is ‘dismal’, biz leaders complain
To realize meaningful benefits, it’s necessary to move past the pilot testing stage, something few companies have managed.
To realize meaningful benefits, it’s necessary to move past the pilot testing stage, something few companies have managed.
Investors seemed to want more, sending Apple shares lower today as the announcement progressed. They closed down 1.9% to $193.12 by end of trading.
An internal email, titled “Thoughts on OpenAI,” between Microsoft CTO Kevin Scott, CEO Satya Nadella, and co-founder Bill Gates reveals some of the high-level discussions around an investment opportunity in the months before Microsoft revealed the partnership.
Meta’s fast-and-furious deployment of new AI features aims to make the technology’s benefits accessible — but also risks degrading the experience for its billions of users.
Google DeepMind chief Hassabis didn’t specify how exactly Google would be spending that $100 billion or more, nor how quickly it would spend it, but he did insist that the Chocolate Factory’s processing prowess surpasses Microsoft’s – or anyone else’s.
Microsoft said on Tuesday that it would make a $1.5 billion investment in G42, an artificial intelligence giant in the United Arab Emirates, in a deal largely orchestrated by the Biden administration to box out China as Washington and Beijing battle over who will exercise technological influence in the Persian Gulf region and beyond.
Grumbles about generative AI’s shortcomings are coalescing into a “trough of disillusionment” after a year and a half of hype about ChatGPT and other bots.
“The principles we’re announcing today commit Microsoft to bigger investments, more business partnerships, and broader programs to promote innovation and competition than any prior initiative in the company’s 49-year history.”
The deal will see Mistral’s open and commercial language models available on Microsoft’s Azure AI platform, the second company to offer a commercial language model on Azure after OpenAI, focusing on the development of next-gen large language models.
Microsoft has invested billions of dollars in OpenAI, the maker of ChatGPT, while Amazon and Google have each committed billions of dollars to Anthropic, another leading A.I. start-up.