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Archive for the ‘business’ category: Page 41

May 24, 2023

Elon Musk has ruled out a ‘winter’ for artificial intelligence, and hints the AI boom is just beginning

Posted by in categories: business, Elon Musk, robotics/AI

Elon Musk has ruled out the possibility of a winter for artificial intelligence, and hinted that the current boom is just beginning.

“There will not be a winter for AI, quite the opposite,” the business mogul tweeted on Sunday.

Musk’s tweet was in response to comments from Adam D’Angelo, the CEO of Quora, who said he expects to see “continual progress” from where AI currently stands all the way to artificial general intelligence (AGI) – without a period of time that feels like a “winter,” or downturn.

May 24, 2023

Gaia: Asia’s largest wooden building sets new sustainable standard in Singapore

Posted by in categories: business, energy, sustainability

It is fireproof and produces 2,500 fewer tonnes of CO2 in comparison to traditional buildings.

Singapore is now home to the largest wooden building in Asia. Named after the Greek goddess of Earth, Gaia is a 6-story structure inside the Nanyang Technological University (NTU) in Singapore. Students and the Nanyang Business School faculty will use the 43,500m square-meter facility.

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May 23, 2023

Warren Buffett’s hand-picked successor will have big shoes to fill in someday replacing the 92-year-old investing icon: ‘He’s not going to screw this up’

Posted by in categories: business, energy

Many investors worry about the future of Berkshire Hathaway after its legendary CEO Warren Buffett is gone, but most of the conglomerate’s companies have already made the transition to reporting to the man who will eventually replace the 92-year-old.

Buffett himself and executives at Berkshire Hathaway companies like See’s Candy and Dairy Queen say they don’t have any qualms about Vice Chairman Greg Abel’s ability to lead the conglomerate. Abel already oversees all of Berkshire’s noninsurance businesses. So the main parts of the CEO job he’s not already doing are overseeing the insurance side of the company and deciding how to invest Berkshire’s nearly $131 billion in cash.

Buffett reassured investors at Saturday’s annual meeting that he believes Abel is the right man for the job and that he does know how to allocate capital following the same model Buffett uses even if he’s not making those spending decisions now. Plus, Abel did help oversee a number of large acquisitions at Berkshire’s utility unit that he led from 2008 until 2018, including the purchases of NV Energy in Nevada for $5.6 billion and Canadian power transmission firm Altalink for nearly $3 billion.

May 22, 2023

How the digital ad industry can guide the ways AI transforms businesses

Posted by in categories: business, Elon Musk, robotics/AI

Join top executives in San Francisco on July 11–12, to hear how leaders are integrating and optimizing AI investments for success. Learn More

When Microsoft-funded lab OpenAI launched ChatGPT in February, millions of people realized almost overnight what tech professionals have understood for a long time: Today’s AI tools are advanced enough to transform daily life as well as an incredibly broad range of industries. Microsoft’s Bing leaped from a distant second place in search to a much higher-profile level. Concepts like large language models (LLMs) and natural language processing are now part of mainstream discussion.

However, with the spotlight also comes scrutiny. Regulators around the world are taking note of AI’s risks to user privacy. The Elon Musk-backed Future of Life Institute amassed 1,000 signatures from tech leaders asking for a six-month pause on training AI tools that are more advanced than GPT-4, which powers ChatGPT.

May 21, 2023

A general-purpose robot is entering the workforce

Posted by in categories: business, robotics/AI

Tech startup Sanctuary AI has unveiled a general-purpose robot designed to perform many workplace tasks currently handled by people — working with humans or without them.

The challenge: Robots have worked alongside people for decades, and traditionally, they’ve been incredibly specialized — a bot on a General Motors’ assembly line, for example, might move pieces of metal from one place to another over and over again.

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May 21, 2023

Grammarly’s New CEO On Why ChatGPT Won’t Kill His Business

Posted by in categories: business, robotics/AI

“There’s no kind of a priori right of this technology to upend our world, our lives and displace our own capabilities. I want technology to augment us, not displace us.”

But the technology that’s enabled Grammarly to expand its core offering could also disrupt it.


Fresh to the CEO role, Rahul Roy-Chowdhury talks about AI legislation, Grammarly’s Russia ban and trying to leverage disruptive technologies.

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May 21, 2023

Who Is Going to Regulate AI?

Posted by in categories: business, economics, government, policy, robotics/AI

Summary.


As businesses and governments race to make sense of the impacts of new, powerful AI systems, governments around the world are jostling to take the lead on regulation. Business leaders should be focused on who is likely to win this race, moreso than the questions of how or even when AI will be regulated. Whether Congress, the European Commission, China, or even U.S. states or courts take the lead will determine both the speed and trajectory of AI’s transformation of the global economy, potentially protecting some industries or limiting the ability of all companies to use the technology to interact directly with consumers.

Page-utils class= article-utils—vertical hide-for-print data-js-target= page-utils data-id= tag: blogs.harvardbusiness.org, 2007/03/31:999.357112 data-title= Who Is Going to Regulate AI? data-url=/2023/05/who-is-going-to-regulate-ai data-topic= Government policy and regulation data-authors= Blair Levin; Larry Downes data-content-type= Digital Article data-content-image=/resources/images/article_assets/2023/05/May23_28_5389503-383x215.jpg data-summary=

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May 21, 2023

Peeling Back Quantum Mysteries: New Tool Disentangles the Electronic States Layer-by-Layer

Posted by in categories: biotech/medical, business, engineering, law, policy, quantum physics

Researchers at the university of chicago.

Founded in 1,890, the University of Chicago (UChicago, U of C, or Chicago) is a private research university in Chicago, Illinois. Located on a 217-acre campus in Chicago’s Hyde Park neighborhood, near Lake Michigan, the school holds top-ten positions in various national and international rankings. UChicago is also well known for its professional schools: Pritzker School of Medicine, Booth School of Business, Law School, School of Social Service Administration, Harris School of Public Policy Studies, Divinity School and the Graham School of Continuing Liberal and Professional Studies, and Pritzker School of Molecular Engineering.

May 20, 2023

Apple is on the hunt for generative AI talent

Posted by in categories: business, robotics/AI

Apple, like a number of companies right now, may be grappling with what role the newest advances in AI are playing, and should play, in its business. But one thing Apple is confident about is the fact that it wants to bring more generative AI talent into its business.

The Cupertino company has posted at least a dozen job ads on its career page seeking experts in generative AI. Specifically, it’s looking for machine learning specialists “passionate about building extraordinary autonomous systems” in the field. The job ads (some of which seem to cover the same role, or are calling for multiple applicants) first started appearing April 27, with the most recent of them getting published earlier this week.

The job postings are coming amid some mixed signals from the company around generative AI. During its Q2 earnings call earlier this month, CEO Tim Cook dodged giving specific answers to questions about what the company is doing in the area — but also didn’t dismiss it. While generative AI was “very interesting,” he said, Apple would be “deliberate and thoughtful” in its approach. Then yesterday, the WSJ reported that the company had started restricting use of OpenAI’s ChatGPT and other external generative AI tools for some employees over concerns of proprietary data leaking out through the platforms.

May 19, 2023

UK telecoms giant BT plans to slash 55,000 jobs, with 10,000 being replaced by AI ‘by the end of the decade’

Posted by in categories: business, employment, robotics/AI

The announcement comes shortly after IBM announced it would replace 7,800 jobs with AI.

After IBM’s CEO, earlier this month, announced that the company could easily replace at least 7,800 human personnel with artificial intelligence (AI) over the next five years, another startling announcement in the ‘Will AI replace humans’ debate has come to the fore.

BT, a prominent British multinational telecommunications firm, said it will become a ‘leaner business’ as it announced its plans to shed up to 55,000 jobs by the end of the decade, mostly in the United Kingdom. The company also announced that approximately 10,000 of its workforce will be replaced by AI, said a report by The Guardian.

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