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How did OpenAI fumble its lead in AI?
Read more: How did OpenAI fumble its lead in AI?How It Started in 2022 In late 2022, a relatively unknown startup called OpenAI launched ChatGPT. That “ChatGPT moment” changed the trajectory of technology and society. It ushered in the Age of AI. Microsoft, too, benefited from this ChatGPT moment. Its partnership with OpenAI gave it access to OpenAI’s models that Microsoft soon deployed in…
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Fed Chair Powell: AI investment different from dotcom bubble
Read more: Fed Chair Powell: AI investment different from dotcom bubbleInteresting remarks from Fed Chair Jerome Powell, who distinguished AI companies that are businesses that have revenues and profits from dotcom startups, which were largely ideas: Related Stories
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Bloomberg graphic depicts the AI circular economy. Bubble or boom?
Read more: Bloomberg graphic depicts the AI circular economy. Bubble or boom?Bloomberg just provided the best graphic depicting the AI circularity, or circular economy in which the major companies in the AI sector are engaging in deals with each other. The AI Circularity At the center is NVIDIA, the chip maker. Not too far from the center is OpenAI. The worry is that this circularity is…
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Is AI circularity a finance problem?
Read more: Is AI circularity a finance problem?Nearly every day, a new business deal is announced in the AI sector. But the deals involve AI companies dealing with each other. This is what is known as AI circularity, not to be confused with AI singularity. Here’s an excellent TikTok showing what AI circularity is about: But is AI circularity a problem? Is…