Archive for the ‘business’ category

May 1, 2023

Mark Zuckerberg says AI boosts monetization

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

AI is having its moment on tech earnings calls for the second consecutive quarter, following the widely popular launch of OpenAI’s ChatGPT in late November. But not every company has the same plans for the new technology.

Nvidia (NVDA) is selling AI powered supercomputers. Microsoft (MSFT) is integrating ChatGPT into its search engine to compete with Google (GOOGL), which has its own AI searchbot.

Meta’s approach is slightly different. The core business for Meta since the early days of Facebook has been advertising sales, which still account for 98% of the company’s quarterly revenue. So naturally, enhancing advertisements with AI is where Meta believes the new technology can be most impactful.

May 1, 2023

How Generative AI Will Change Sales

Posted by in categories: business, robotics/AI

Sales teams have typically not been early adopters of technology, but generative AI may be an exception to that. Sales work typically requires administrative work, routine interactions with clients, and management attention to tasks such as forecasting. AI can help do these tasks more quickly, which is why Microsoft and Salesforce have already rolled out sales-focused versions of this powerful tool.

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Microsoft and Salesforce have already rolled out sales-focused versions of this powerful tool.

Apr 30, 2023

AI Doctor? ChatGPT Nearly Passes US Medical Licensing Exam

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

ChatGPT has been hitting the headlines since its debut and after passing exams at business and law schools. Now, most recently, the AI has nearly passed the US Medical Licensure Exam (USMLE) necessary to pursue medical practice within the US.

ChatGPT: Revolutionary AI

Continue reading “AI Doctor? ChatGPT Nearly Passes US Medical Licensing Exam” »

Apr 29, 2023

Web browser wars: Tech firms fight to offer the best search experience

Posted by in categories: business, robotics/AI

There is a new war happening online: the browser war. Tech companies everywhere are seeking to integrate AI in browsers in an attempt to please and attract users looking for the best possible search experience.

This is according to a new article by FOX Business published on Friday.

This phenomenon was amplified with Microsoft’s announcement earlier this year that it would roll out a new AI-powered version of its Bing search engine and Edge web browser that will incorporate OpenAI’s ChatGPT.

Apr 29, 2023

Google, Microsoft, Amazon, & Meta put AI on steroids while cutting jobs

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

The quarterly reports by these tech behemoths show their efforts to increase AI productivity in the face of growing economic worries.

The US tech giants like Alphabet, Microsoft, Amazon, and Meta are increasing their large language model (LLM) investments as a show of their dedication to utilizing the power of artificial intelligence (AI) while cutting costs and jobs.

Since the launch of OpenAI’s ChatGPT chatbot in late 2022, these businesses have put their artificial intelligence AI models on steroids to compete in the market, CNBC reported on Friday.

Continue reading “Google, Microsoft, Amazon, & Meta put AI on steroids while cutting jobs” »

Apr 28, 2023

Is there life after death? | Physicist Sabine Hossenfelder

Posted by in categories: business, education

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Apr 27, 2023

What AI Technology Is Doing for Longevity Now

Posted by in categories: biotech/medical, business, cybercrime/malcode, life extension, robotics/AI

In March 2023, MIT Technology Review revealed that Sam Altman, the CEO of OpenAI (ChatGPT), was the mystery investor behind the $180 million investment into stealth startup Retro Biosciences, a biotech company with the ambition of “adding 10 years to the human lifespan.” This investment marks the latest tech entrepreneur expressing their interest in longevity science and a new connection with innovative AI technology.

According to February 2023 reports, AI is continuing to gain traction in healthcare applications. Currently, the market is estimated at $14.6 billion (USD) with a compound annual growth rate (CAGR) of 47.6%, with solutions spread across various healthcare fields, such as patient data and risk analysis, precision medicine, cybersecurity, lifestyle management, and drug discovery.

The increasing convergence of AI technology and longevity science is sparking advancements in the sector, with established businesses, start-ups, and researchers utilizing the technology. Most recently, scientists explored how ChatGPT, an AI-based language model, was able to predict Alzheimer’s in 80% of cases when analyzing speech. However, it is not the only implementation.

Apr 27, 2023

Light Steering Technologies claims $1.25 million Air Force contract

Posted by in categories: business, transportation

SAN FRANCISCO –New Hampshire startup Light Steering Technologies won a $1.25 million U.S. Air Force contract for angular pointing technology with small satellite applications.

Through the contract with AFWERX, the Air Force organization focused on innovation, LST aims to advance the Technology Readiness Level, or technological maturity, of its Multi-Axis Scanner. LST’s Multi-Axis Scanner is a patented magnetic joint for gimbal-like capability.

“What’s compelling about the technology is we are minimizing the moving mass,” Aaron Castillo, LST senior vice president of business development and program management, told SpaceNews. “This is achieved by actuating a mirror instead of the entire satellite bus or using a traditional gimbal mechanism.”

Apr 27, 2023

Google’s cloud business turns profitable for the first time on record

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

Google has been vying to win business from big corporations and government agencies that are deciding between major tech vendors as they move from traditional data centers to the cloud and rely on more compute-heavy applications involving artificial intelligence. Amazon Web Services, the leader in cloud infrastructure, popularized the market in the mid-2000s and has been profitable every quarter since 2014. Microsoft, the second-biggest player in the space, doesn’t report profitability figures for its Azure unit.

Alphabet started disclosing cloud revenue in 2020, and the following year began providing information on the scale of its operating losses.

Last week Alphabet restated operating income for cloud and its other segments, resulting in lower cloud losses in 2021 and 2022. The restated numbers show the cloud unit had a $186 million operating loss in the fourth quarter, compared with $480 million before the change, for example.

Apr 27, 2023

Microsoft outperforms Google in Q1 as AI set to take center-stage

Posted by in categories: business, robotics/AI

Its partnership with OpenAI gives Microsoft a head start.

After years of playing second fiddle to Google in the search engine market, Microsoft is set to become a technology leader again as businesses and individuals worldwide look to incorporate artificial intelligence (AI) into everything they do. In the Q1 2023 earnings reported recently, the 48-year-old company has outperformed its younger rival, Alphabet.

For years, Microsoft was mainly a market leader in operating systems. Still, the changing nature of computing technologies meant it has ventured into other areas, such as cloud computing and gaming, through its Xbox platform.

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