Tesla says it will build new “1st of its kind” data centers. The automaker is hiring staff for it and snapping up some existing data centers.
The data center business is now massive with a market size of more than $250 billion.
Most of the biggest companies in the world, which are known to consumers for other products, are in it, like Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Meta Platforms (Facebook).
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The permission was given by California Public Utilities Commission after a 3–1 vote.
In a massive win for driverless cars in the United States, California has permitted Cruise and Waymo to conduct full-fledged commercial passenger service using driverless vehicles in San Francisco.
The permission granted by the California Public Utilities Commission (CPUC) allows both firms to charge fees for journeys at any time of day. The approval comes after a disputed six-hour hearing on the matter that included residents voicing their concerns about autonomous vehicles (AVs) roaming their roads. Hearing all the arguments, the commission voted 3-to-1 to allow the two businesses to run their cars across San Francisco at any time of the day.
Author Jane Friedman was furious after discovering roughly a dozen books being sold on Amazon — with her name on them.
Fortunately, the seemingly AI-written books listed under her name ended up being taken down after she posted about the situation on Twitter and her own blog.
In an interview with The Guardian, Friedman recounted how the viral debacle began. A reader contacted her about the phony titles that mimicked her real work, which is ironically designed to help new authors navigate the publishing industry with titles like “The Business of Being a Writer” and “Publishing 101.”
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California-based Virtualitics, a startup providing enterprises with an AI-driven platform for 3D data exploration, today announced $37 million in a series C round of funding. The company said it will use the capital to expand its footprint and add more capabilities to its offering to make it easier for users to analyze and understand complex, business-critical datasets.
The round has been led by Smith Point Capital with participation from Citi and advisory clients of The Hillman Company, among other investors. It takes the total capital raised by Virtualitics, which took off from Caltech and NASA’s Jet Propulsion Lab in 2016, to $67 million.
A team from 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.
Summary.
What will artificial intelligence do to industries and jobs? For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. The experience of finance suggests that AI will transform some industries (sometimes very quickly) and that it will especially benefit larger players. But it may not leave the overall system better off.
Page-utils class= article-utils—vertical hide-for-print data-js-target= page-utils data-id= tag: blogs.harvardbusiness.org, 2007/03/31:999.361588 data-title= What the Finance Industry Tells Us About the Future of AI data-url=/2023/08/what-the-finance-industry-tells-us-about-the-future-of-ai data-topic= Business and society data-authors= Mihir A. Desai data-content-type= Digital Article data-content-image=/resources/images/article_assets/2023/08/Aug23_09_5277464-383x215.jpg data-summary=
The sector is a test case for how new technology will play out.
On any given day, Dallas motorists traveling along I-20 or I-45 are likely to be sharing the road with a self-driving truck that has the equivalent of a learner’s permit.
Why it matters: Dallas is the hub of autonomous truck testing and development, thanks to its vital freight corridors, business-friendly policies and generally favorable weather.
