Alright folks, let’s dive into some mind-blowing news in the AI sector. This week, we saw some big names making moves and dropping some knowledge bombs. We’re talking about Elon Musk, Mark Zuckerberg, Goldman Sachs, and Google – the heavy hitters of the AI world. Strap in, because it’s about to get real interesting.
First up, we got Elon Musk sounding the alarm bells for OpenAI. During a virtual appearance at the All-In Summit, Musk expressed his concerns about OpenAI’s cozy relationship with Microsoft. As you may know, Musk co-founded OpenAI but stepped away in 2018. He pointed out that Microsoft has access to all the source code and future versions of GPT-4, OpenAI’s superintelligence system. Musk thinks it’s dangerous to hand over the future of AI to companies like Microsoft and Google. He believes there needs to be a third player in the game, and he’s eyeing his new venture, xAI, and Tesla to fill that role. It’s a wild ride, my friends.
Next on the radar is Google. Rumor has it that they’re gearing up to release their own AI system called Gemini AI. This beast is Google’s response to OpenAI’s GPT-4. They plan to offer Gemini through their Google Cloud Vertex AI service, with hopes of dominating the enterprise AI market. This software is set to tackle tasks like code writing and generating original images based on user requests. Google ain’t playing around, folks.
But wait, there’s more. Mark Zuckerberg’s Meta is not one to be left behind. They’re cooking up their own AI system to take on OpenAI’s GPT-4. Meta wants to go beyond Llama 2 and provide companies with advanced text generation and analysis tools. They’re planning to train their GPT-4 challenger in early 2024 using their own proprietary infrastructure. It’s a heavyweight battle, my friends.
And guess what? Tech rivals Elon Musk and Mark Zuckerberg have put their differences aside and teamed up to fight for AI regulation. During a Capitol Hill meeting, these two big shots discussed the urgent need for AI regulation in the U.S. They stressed the importance of the government’s role in balancing innovation and safeguards, especially with the threat of deep fakes looming over the 2024 U.S. general election. It’s like a superhero team-up, folks.
Now, you may be wondering how all this AI action could affect your financial future. Well, Goldman Sachs has something to say about that. Analyst Kash Rangan sees Microsoft as a major player in the AI game. He predicts that Microsoft could see a doubling of EPS by FY27, thanks to their AI and cloud services. Rangan believes Microsoft’s value proposition and total return story are too compelling to ignore. Keep an eye on that, my friends.
Alright, that’s a wrap on this week’s AI news. Remember, these are just some of the big moves happening in the industry, and the future is looking exciting. Stay tuned and keep an eye on the AI superstars that are shaping our world.