- The rise of AI that can understand or mimic language has disrupted the power balance in enterprise software.
- Four new executives have emerged among the top 10, while last year's top executive, Adam Selipsky of Amazon Web Services, has been surpassed by a competitor due to AWS's slow adoption of large-language models.
- The leaders of Snowflake and Databricks, two database software giants, are now ranked closely together, indicating changes in the industry.
- The incorporation of AI software by customers has led to a new cohort of company operators and investors gaining influence in the market.
In this episode of the "Have a Nice Future" podcast, Gideon Lichfield and Lauren Goode interview Mustafa Suleyman, the co-founder of DeepMind and InflectionAI. The main topic of discussion is Suleyman's new book, "The Coming Wave," which examines the potential impact of AI and other technologies on society and governance. Key points discussed include Suleyman's concern that AI proliferation could undermine nation-states and increase inequality, the potential for AI to help lift people out of poverty, and the need for better AI assessment tools.
### Summary
Former Google researchers, Llion Jones and David Ha, have left the company to start their own generative AI research lab called Sakana AI, based in Tokyo. They aim to explore new methods and avoid the bureaucracy they experienced at Google.
### Facts
- Llion Jones, a co-author of Google's Transformers research paper, and David Ha, a former Google research scientist, have left Google to start Sakana AI in Tokyo.
- Jones felt that the size of Google was hindering his ability to pursue the work he wanted to do, citing the company's bureaucracy as a major obstacle.
- Sakana AI aims to explore alternative methods to the large-scale models currently used in generative AI, focusing on nature-inspired methods instead.
- The founders have expressed their dissatisfaction with OpenAI, stating that the company has not been innovative and has built on research done by others without fully sharing their developments with the community.
- Sakana AI has not announced any investors yet and has brought on a part-time researcher from academia.
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Mustafa Suleyman, co-founder of DeepMind and InflectionAI, explains in his new book, "The Coming Wave," why our systems are ill-equipped to handle the advancements in technology, including the potential threats posed by AI and the need for better assessment methods.
Snowflake and CrowdStrike are two top AI stocks worth buying and holding for the long term, while C3.ai should be avoided due to its high valuation and speculative growth path.
Artificial intelligence (AI) pioneer Prof Michael Wooldridge is more concerned about AI becoming a monitoring boss, offering constant feedback, and potentially deciding who gets fired, rather than being an existential risk or passing the Turing test. He believes that while AI poses risks, transparency, accountability, and skepticism can help mitigate them. The Christmas lectures from the Royal Institution, which will demystify AI, will be broadcast in late December.
The rush of capital into Generative Artificial Intelligence (AI) is heavily dependent on Nvidia, as its better-than-expected second quarter results and forecast raise investor expectations and drive capital flows into the Generative AI ecosystem.
Generative AI, a technology with the potential to significantly boost productivity and add trillions of dollars to the global economy, is still in the early stages of adoption and widespread use at many companies is still years away due to concerns about data security, accuracy, and economic implications.
Berkshire Hathaway's investment in Snowflake, an unprofitable cloud computing company, may raise eyebrows, but Snowflake's role in the data business and its potential in the AI industry make it an attractive investment opportunity for long-term investors.
Snowflake's stock, despite being a fast-growing company in the AI industry, is burdened by its lack of profitability and excessive stock-based compensation, which dilutes shareholder value and reduces long-term gains.
The rise of artificial intelligence (AI) is a hot trend in 2023, with the potential to add trillions to the global economy by 2030, and billionaire investors are buying into AI stocks like Nvidia, Meta Platforms, Okta, and Microsoft.
Mustafa Suleyman, co-founder of Google's DeepMind, predicts that within the next five years, everyone will have their own AI-powered personal assistants that intimately know their personal information and boost productivity.
HubSpot has unveiled its comprehensive AI strategy, called HubSpot AI, which aims to enhance marketers' and salespeople's productivity by leveraging generative AI, AI agents, AI insights, and ChatSpot.
Google CEO Sundar Pichai believes that AI will be the biggest technological shift of our lifetimes and may be even bigger than the internet itself, as Google focuses more on AI after the rise of generative AI threatened its core business.
Palantir Technologies and Snowflake are dominant forces in the field of advanced data analytics and AI, with Palantir's advanced machine-learning technology and expertise in data privacy making it uniquely positioned to benefit in the AI revolution, while Snowflake's expertise in curating and optimizing enterprise data and its consumption-based pricing model make it an essential component for enterprises' AI strategies.
Summary: Inflection.ai CEO Mustafa Suleyman believes that artificial intelligence (AI) will provide widespread access to intelligence, making us all smarter and more productive, and that although there are risks, we have the ability to contain and maximize the benefits of AI.
Shares of Snowflake, the data cloud company, did not perform well after its latest quarterly results, but it should be seen as a buying opportunity as the company remains committed to AI and is focused on developing effective business models in the AI space.
Alibaba's new CEO, Eddie Wu, plans to embrace artificial intelligence (AI) and promote younger talent to senior management positions, as the company undergoes its largest restructuring and seeks new growth points amid a challenging economic environment and increasing competition.
Artificial intelligence (AI) is poised to be the biggest technological shift of our lifetimes, and companies like Nvidia, Amazon, Alphabet, Microsoft, and Tesla are well-positioned to capitalize on this AI revolution.
Artificial intelligence (AI) is predicted to generate a $14 trillion annual revenue opportunity by 2030, causing billionaires like Seth Klarman and Ken Griffin to buy stocks in AI companies such as Amazon and Microsoft, respectively.
The generative AI boom has led to a "shadow war for data," as AI companies scrape information from the internet without permission, sparking a backlash among content creators and raising concerns about copyright and licensing in the AI world.
Warren Buffett's Berkshire Hathaway has a major stake in Apple, but investors should consider buying Amazon and Snowflake instead as they have clearer AI strategies and strong growth prospects. Amazon's market dominance in e-commerce, adtech, and cloud computing positions it as a leader in AI innovation, while Snowflake's data management platform and cloud neutrality make it uniquely positioned to enable AI workloads. Both companies have the potential for significant sales growth and offer attractive valuations.
Warren Buffett's investment in Snowflake, a cloud-based data platform provider, has paid off so far, and the company's growth, particularly in the field of generative AI, suggests it could continue to be a solid long-term investment.
Artificial intelligence (AI) is the next big investing trend, and tech giants Alphabet and Meta Platforms are using AI to improve their businesses, pursue growth avenues, and build economic moats, making them great stocks to invest in.
AMD CEO Dr. Lisa Su believes that the field of artificial intelligence (AI) is moving too quickly for competitive moats to be effective, emphasizing the importance of an open approach and collaboration within the ecosystem to take advantage of AI advancements. While Nvidia currently dominates the AI market, Su suggests that the next 10 years will bring significant changes and opportunities for other companies.
Artificial intelligence (AI) is bringing value to the crypto industry in areas such as trading, data analytics, and user experience, although there are limitations in the sophistication of AI-powered bots and the availability of off-chain market data.
Altimeter Capital CEO Brad Gerstner believes that artificial intelligence (AI) will have a bigger impact than the internet, mobile, and cloud software, likening its potential to the dot-com boom; however, he warns of conflicting sentiments and uncertainties in the short term.
The rally in artificial intelligence stocks has cooled off, but companies like Amazon and Facebook-parent Meta Platforms continue to make headlines in the AI industry. The focus now shifts to monetization strategies for AI products and the potential for new revenue for companies.
Google CEO Sundar Pichai believes that the next 25 years are crucial for the company, as artificial intelligence (AI) offers the opportunity to make a significant impact on a larger scale by developing services that improve people's lives. AI has already been used in various ways, such as flood forecasting, protein structure predictions, and reducing contrails from planes to fight climate change. Pichai emphasizes the importance of making AI more helpful and deploying it responsibly to fulfill Google's mission. The evolution of Google Search and the company's commitment to responsible technology are also highlighted.
Summary: Snowflake, a cloud-based data warehousing company, is poised to benefit from the increasing demand for actionable data and artificial intelligence (AI) capabilities, offering flexible and scalable solutions for businesses. Despite facing the impact of the economic downturn, Snowflake has demonstrated solid growth and financial performance, positioning itself for success in the future. With favorable catalysts such as an improving economy, digital transformation, and the AI revolution, the current period presents a favorable opportunity to invest in Snowflake ahead of the upcoming bull market.
Generative AI is expected to have a significant impact on the labor market, automating tasks and revolutionizing data analysis, with projected economic implications of $4.1 trillion and potentially benefiting AI-related stocks and software companies.
SoftBank CEO Masayoshi Son predicts that artificial general intelligence (AGI), which surpasses human intelligence, will be realized within 10 years and will be ten times more intelligent than humans.
SoftBank CEO Masayoshi Son predicts that artificial general intelligence (AGI), which surpasses human intelligence, will be realized within 10 years and believes that it will be ten times more intelligent than the sum total of all human intelligence.
SoftBank CEO Masayoshi Son predicts that artificial general intelligence (AGI), which surpasses human intelligence, will be achieved within 10 years, with AGI being ten times more intelligent than the sum total of all human intelligence.
Softbank CEO Masayoshi Son predicts that artificial intelligence will surpass human intelligence within a decade, urging Japanese companies to adopt AI or risk being left behind.
SoftBank CEO, Masayoshi Son, predicts that artificial intelligence will surpass human intelligence within the next 10 years, with artificial general intelligence growing 10 times smarter than humankind, and artificial super intelligence potentially surpassing human intelligence by a factor of 10,000 within 20 years.
Softbank CEO Masayoshi Son has urged Japanese companies to embrace artificial intelligence (AI) or risk being left behind, stating that AI will surpass human intelligence within a decade and will greatly impact every industry.
Artificial intelligence (AI) leaders, Symbotic, CrowdStrike, and Palantir Technologies, are well-positioned to capitalize on the AI gold rush and deliver significant returns to their investors. Symbotic aims to automate warehouse operations, CrowdStrike specializes in cloud cybersecurity, and Palantir Technologies provides machine-learning solutions for generative AI applications.
Artificial intelligence is a top investment priority for US CEOs, with more than two-thirds ranking investment in generative AI as a primary focus for their companies, driven by the disruptive potential and promising returns on investments expected within the next few years.
The rise of artificial intelligence (AI) technologies, particularly generative AI, is causing a surge in AI-related stocks and investment, with chipmakers like NVIDIA Corporation (NVDA) benefiting the most, but there are concerns that this trend may be creating a bubble, prompting investors to consider focusing on companies that are users or facilitators of AI rather than direct developers and enablers.
Generative artificial intelligence (AI) is expected to face a reality check in 2024, as fading hype, rising costs, and calls for regulation indicate a slowdown in the technology's growth, according to analyst firm CCS Insight. The firm also predicts obstacles in EU AI regulation and the introduction of content warnings for AI-generated material by a search engine. Additionally, CCS Insight anticipates the first arrests for AI-based identity fraud to occur next year.
Artificial intelligence (AI) will surpass human intelligence and could manipulate people, according to AI pioneer Geoffrey Hinton, who quit his role at Google to raise awareness about the risks of AI and advocate for regulations. Hinton also expressed concerns about AI's impact on the labor market and its potential militaristic uses, and called for governments to commit to not building battlefield robots. Global efforts are underway to regulate AI, with the U.K. hosting a global AI summit and the U.S. crafting an AI Bill of Rights.
