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Archive for the ‘business’ category: Page 10

Nov 30, 2023

Alibaba Shuts Down its Quantum Computing Effort

Posted by in categories: business, quantum physics, robotics/AI

In case you missed it, China’s e-commerce giant Alibaba has shut down its quantum computing research effort. It’s not entirely clear what drove the change. Reuters’ reported earlier this week that Alibaba “cut a quantum computing laboratory and team from its research arm, donating both the lab and related experimental equipment to Zhejiang University.”

Alibaba was a relatively early entrant among giant e-commerce/cloud providers into quantum computing research, placing the effort in its Alibaba’s DAMO Academy research organization. There are reports it had invested on the order of $15 billion in the effort. According to the Reuters report, about 30 employees are being released with and effort under way to find positions for them at Zhejiang.

Rather than being tied to specific issues with the quantum research, the prevailing opinion seems to be that the quantum work was caught in the larger turmoil surrounding Alibaba and its ongoing reorganization. The company said its DAMO organization will deepen its work on AI and machining learning research which may be able to have a nearer-term impact on Alibaba’s business.

Nov 30, 2023

Nvidia CEO says he wakes up every morning worried his company might fail

Posted by in categories: business, computing

“I think when you build a company from the ground up, and you’ve experienced real adversity, and you really experienced nearly going out of business several times, that feeling stays with you,” Huang said.

The fear of his chip empire tanking, Huang admitted, is a feeling he grapples with every morning when he wakes up.

“I don’t wake up proud and confident. I wake up worried and concerned,” Huang said as the audience laughed politely in response. “It just depends on which side of the bed you get out on.”

Nov 29, 2023

Amazon’s Q AI assistant lets users ask questions about their company’s data

Posted by in categories: business, robotics/AI

Amazon Q, currently available for contact centers, will be integrated to other AWS services soon.

Amazon’s cloud business AWS launched a chat tool called Amazon Q, where businesses can ask questions specific to their companies.


Amazon Q can work with any of the models found on Amazon Bedrock, AWS’s repository of AI models, which includes Meta’s Llama 2 and Anthropic’s Claude 2. The company said customers who use Q often choose which model works best for them; connect to the Bedrock API for the model; use that to learn their data, policies, and workflow; and then deploy Amazon Q.

Continue reading “Amazon’s Q AI assistant lets users ask questions about their company’s data” »

Nov 29, 2023

Wix CEO Avishai Abrahami isn’t worried AI will kill the web

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

The co-founder of website builder Wix is embracing generative AI, and he’s not too worried that it might destroy the business models of the web.


Wix CEO Avishai Abrahami is embracing generative AI and thinks the business models of the web can survive it.

Nov 29, 2023

IonQ Named to Fast Company’s Third Annual List of the Next Big Things in Tech

Posted by in categories: business, quantum physics, robotics/AI, security

IonQ earns spot in the prestigious list of 119 innovative companies for innovation in quantum computing

COLLEGE PARK, Md., November 28, 2023 —(BUSINESS WIRE)— IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced that it has been named to Fast Company’s third annual Next Big Things in Tech list, honoring technology breakthroughs that promise to shape the future of industries—from healthcare and security to artificial intelligence and data. This is IonQ’s first time appearing on the list.

“This recognition is not only a tremendous honor but a testament to the transformative impact and potential of our technology,” said Peter Chapman, President and CEO of IonQ. “IonQ is committed to advancing quantum computing capabilities to drive technological breakthroughs and solve complex business problems across industries. This award fuels our drive to continue pushing boundaries and breaking barriers.”

Nov 28, 2023

ChatGPT mania may be cooling, but a serious new industry is taking shape

Posted by in categories: business, robotics/AI

Three forces will shape the business of generative AI.

Nov 27, 2023

Google Delays Release of Gemini AI That Aims to Compete With OpenAI

Posted by in categories: business, robotics/AI

Google’s company-defining effort to catch up to ChatGPT creator OpenAI is turning out to be harder than expected.

Google representatives earlier this year told some cloud customers and business partners they would get access to the company’s new conversational AI, a large language model known as Gemini, by November. But the company recently told them not to expect it until the first quarter of next year, according to two people with direct knowledge. The delay comes at a bad time for Google, whose cloud sales growth has slowed while that of its bigger rival, Microsoft, has accelerated. Part of Microsoft’s success has come from selling OpenAI’s technology to its customers.

Nov 27, 2023

Survey Finds Half of Tech Workers Think AI Is a Bunch of Hype

Posted by in categories: biotech/medical, business, military, robotics/AI

As boosters say AI is primed to conquer entire sectors, from military to medicine, a significant portion of the tech world is surprisingly unconvinced by its utility, according to a new survey from software development business Retool.

In the survey of 1,500 people working in tech, Retool found that a startling 51.6 percent of people think AI is overrated, while 25.1 percent think it’s underrated, and another 23.4 percent think it’s fairly rated. The people surveyed include executives, software engineers, designers, and other positions in different industries.

Particularly striking was that workers in executive roles had a more favorable view of AI while people in the technical side “skewed a little more toward overrated” — perhaps not a surprise, since many business leaders have been crowing about the potential cost savings of AI and how it could generate more revenue.

Nov 25, 2023

The Exciting, Perilous Journey Toward AGI | Ilya Sutskever | TED

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

Just weeks before the management shakeup at OpenAI rocked Silicon Valley and made international news, the company’s cofounder and chief scientist Ilya Sutskever explored the transformative potential of artificial general intelligence (AGI), highlighting how it could surpass human intelligence and profoundly transform every aspect of life. Hear his take on the promises and perils of AGI — and his optimistic case for how unprecedented collaboration will ensure its safe and beneficial development. (Recorded October 17, 2023)

If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: https://ted.com/membership.

Continue reading “The Exciting, Perilous Journey Toward AGI | Ilya Sutskever | TED” »

Nov 25, 2023

Europe has lost the AI race. It can’t ignore the quantum computing one

Posted by in categories: business, quantum physics, robotics/AI

Europe has become known as a second-place destination for business, and more recently, innovation.

Disruptive technologies like AI have hailed from the United States for decades with no European challenger in sight.

However, when a four-week-old French AI startup secured €105 million for its seed round, it demonstrated that Europe isn’t as disadvantaged as people think. While AI is a saturated market, quantum computing can allow Europe to survive in a century ruled by China and the US.

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