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Category: business – Page 28

Cohere co-founder Nick Frosst thinks everyone needs to be more realistic about what AI can and cannot do

But that doesn’t mean Frosst is bullish on everything the industry is building. He doesn’t think AI is really ever going to get to artificial general intelligence, defined as human-level intelligence, which is a noticeably different narrative from some of Frosst’s AI peers like Mark Zuckerberg and Jensen Huang. He added that if the industry does get there, it’s not going to be for a long time.

“I don’t think we’re gonna have digital gods anywhere, anytime soon,” Frosst said. “And I think more and more people are kind of coming to that realization, saying this technology is incredible. It’s super powerful, super useful. It’s not a digital god. And that requires adjusting how you’re thinking about the technology.”

Frosst said they try to be realistic at Cohere about what AI technology can and can’t do and what types of neural networks can provide the most value. Cohere’s approach to building its business model is based on the research work of Cohere co-founder and CEO Aidan Gomez while at Google Brain. Gomez is, of course, known for his extensive AI research. He’s most famous for co-writing a paper that bought AI the transformer model that ushered in this generative AI era. But he also co-wrote a paper in 2017 called One Model to Learn Them All. This research came to the conclusion that an all-encompassing large language model is more useful than small models trained for a specific task or on data from a specific industry, Frosst said.

Earthly Innovations From Outer Space: The Cosmic Impact On Industries

Space-based solar power, an innovative concept that involves capturing solar energy in space and transmitting it to Earth, offers limitless opportunities in system design, manufacturing and deployment. This technology has the potential to revolutionize the energy industry, addressing global clean energy demands while minimizing environmental impact.

The availability of space resources, such as asteroid mining and lunar regolith utilization, presents opportunities for companies that invest in technologies and techniques to extract and process these resources, including precious metals, water and rare minerals.

The importance of continued investment in space exploration cannot be overstated. As space technology advances, businesses must consider potential applications in their industries. Collaboration between space agencies and private companies is key to driving innovation and economic growth, offering countless opportunities for the future.

Meta’s future is AI, AI, and more AI

On Meta’s Wednesday earnings call, CFO Susan Li reiterated to investors that financial returns from its recent AI investments will “come in over a longer period of time.” Zuckerberg was direct about why Meta is spending billions on Nvidia hardware and the other infrastructure ahead of these future returns: “It’s hard to predict how this will trend multiple generations into the future, but at this point, I’d rather risk building capacity before it is needed rather than too late.”

He again telegraphed that the Meta AI assistant is on track to be the most used in the world before the end of the year. While he touted that generative AI features “are things that I think will increase engagement in our products,” he said the real revenue will come from business use cases, like AI creating ads from scratch and letting businesses operate their own AI agents in WhatsApp for customer service.

Most cyber ransoms are paid in secret but a new law could change that

Australian businesses are paying untold amounts of ransom to hackers, but the government is hoping to claw back some visibility with a landmark cybersecurity law.

While major ransomware attacks on companies such as MediSecure, Optus and Latitude have grabbed headlines for breaching the privacy of millions, the practice of quietly paying off cybercriminals has flourished in the dark.

The situation has deteriorated to the point that the government’s original ambition for an outright ban on ransom payments has been nixed, for now, and the focus has shifted to mapping the scale of the problem.

Nvidia said to launch new AI chip for China

Nvidia, the world’s largest company by value, is reportedly developing a new artificial intelligence (AI) chip based on its flagship product B200 for the China market.

The mass production of the new chip, which may be called B20, will commence later this year while shipments will start in the second quarter of next year, Reuters reported, citing sources familiar with the matter.

The report said Nvidia will work with Inspur, one of its distributors in mainland China. However, Inspur said it has not started any business and cooperation related to B20 as of now. It said the Reuters report is not true.

Live: Cyber security company CrowdStrike linked to global IT outage

Computer security company CrowdStrike is linked to a major IT outage affecting banks, airports, supermarkets and businesses across Australia and the world.

Airport check-in systems across the globe have been disrupted and businesses have reported the “blue screen of death” and IT outages.

Follow our live blog or download the ABC News app and subscribe to our range of news alerts for the latest updates.

US Army Selects RCADE to Solve Highly Complex Problems Across Domains

Raytheon, an RTX (NYSE: RTX) business, has been awarded a contract from the U.S. Army Futures Command (AFC) Futures and Concepts Center (FCC) to conduct theater level concept experimentation and mission analysis to support agile learning of the future battlefield. Under the contract, a Raytheon team will use its Rapid Campaign Analysis and Demonstration Environment, known as RCADE, to develop large-scale theater scenarios to help FCC leaders assess concepts of operations in a multi-domain conflict. Quantitative data and findings from the scenarios will help identify capabilities needed to succeed in future conflicts.

RCADE is part of Raytheon’s integrated ecosystem of modeling and simulation capabilities that are fed by real-world analytics, models, and data. It creates an experimentation environment where customers can explore battlefield scenarios, assess how different variables impact mission outcomes and quickly iterate their options with greater speed. In tandem with RCADE, the technical expertise provided by Raytheon engineers will complement the U.S. Army’s analysis enterprise. They will work together to meet the challenge of the future and solve complex evolving threats.

“RCADE helps our customers look at some of the most difficult missions and evaluate how to change the outcome for the positive. Our team of highly trained experts power this groundbreaking capability, enabling it to deliver credible, unbiased solutions,” said Colin Whelan, president of Advanced Technology at Raytheon.