Latest AI news

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Dirk Zee
October 09, 2023

Latest in AI news:

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  • AI is a 'top investment priority' for CEOs

    a growing emphasis among US CEOs on investing in generative AI, as depicted in a KPMG survey. Over two-thirds of the surveyed CEOs prioritized such investments. The AI boom, further ignited by OpenAI's ChatGPT, has led major corporations like Amazon, Meta, and Zoom to significantly invest in AI. While the enthusiasm around AI is evident, returns on these investments are anticipated to materialize mostly within three to five years. The expanding AI investments, projected to reach around $200 billion globally by 2025, are still in early stages, focusing largely on ideation

  • OpenAI said to be considering developing its own AI chips

    OpenAI is deliberating on developing its own AI chips due to a growing demand and chip shortages. Options include acquiring a chip manufacturer or in-house design. The move, driven by the need for enhanced AI training capabilities, is also a cost concern as reliance on GPUs is expensive. Other tech giants have also ventured into custom AI chip development, demonstrating a trend in the industry. Despite its strong financial position, venturing into the hardware domain is risky and challenging, requiring substantial investment and time.

  • Nvidia Cancels Israel AI Summit Over Safety Concerns

    The AI Summit was set to kick off with a keynote speech from Nvidia CEO, Jensen Huang. In the conference FAQ, Nvidia highlighted to the attendees that the AI Summit was an on-site event, not a virtual one. Following the opening keynote, a packed agenda of conference sessions and workshops was lined up, offering attendees a variety of options to choose from. The topics encompassed a wide spectrum of AI applications including Generative AI, Healthcare, Large Language Models, Cybersecurity, Robotics, Omniverse, Autonomous Vehicles, among others.

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