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Investors have poured money into startups developing AI agents that can complete tasks rather than answer questions like chatbots, after the success of ChatGPT. Companies like Klarna, Microsoft, Google, and OpenAI are working on AI assistants that can handle more complex multi-step tasks rather than single responses. Experts define AI agents as tools that can make decisions and complete work without constant human oversight, going beyond chatbots. Some argue the concept of a general-purpose AI assistant is overhyped, and widespread adoption of AI agents will take time as developers aim to improve the tools and build user trust significantly.
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TED-Ed
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No The Robot
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Short bets against Nvidia currently stand at approximately $34 billion according to data from S3 Partners. This is nearly double the amount that has been bet against Apple and Tesla combined, with short bets of around $19 billion and $18 billion, respectively. However, short bets against Nvidia only comprise around 1% of the company's total stock market value. Demand for Nvidia's high-end AI processors has driven the stock up 143% in 2024. Some investors are betting that Nvidia's skyrocketing stock price will eventually fall back to earth.
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Forbes
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IBM Technology
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At least 40,000 visitors came to the \
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Firstpost
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AI Uncovered
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TSMC's May sales rose 30% year-over-year to $7.1 billion as strong demand for artificial intelligence chips and the recovery of some consumer electronics markets contributed to the sales growth. TSMC is the exclusive manufacturer of Nvidia's most advanced AI chips and also produces chips for Apple, AMD, and other companies. Smartphone sales emerged from a long slump in the first quarter of 2024, increasing expectations for strong orders of mobile chips. TSMC's chairman expects the overall semiconductor industry recovery to continue through 2024, driven by AI development.
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Billionaire investors of the internet era are now locked in a war of words and influenced to determine whether AI's future will be one of concentrated safety or unfettered advancement. The stakes couldn't be higher.<br/><br/>In May 2023, OpenAI CEO Sam Altman appeared on Capitol Hill for a Senate subcommittee meeting on AI. The substance of his message: Regulate us. For his opponents, this was the mask-­off moment they’d been wait­ing for. Three months earlier, Musk, who had cofounded and bankrolled OpenAI when it was still an open­ source nonprofit, had taken to X to decry OpenAI’s recent multibillion­ dollar capi­tal infusion from Microsoft. From its nonprofit roots, OpenAI had evolved into a “closed­ source, maximum­ profit company effectively controlled by Microsoft,” Musk said.<br/><br/>For Vinod Khosla and Reid Hoffman—who met with Alt­man together at least once to talk strategy but otherwise move in separate circles—OpenAI’s willingness to compromise is how to get things done. Whether Hoffman is talking to Biden, Pope Francis or U.S. Commerce Secretary Gina Raimondo, a frequent collaborator in recent months, their questions are similar: How will constituents’ lives change because of AI? What about their jobs? When should they be excited for benefits, or cautious about risks? “You have to show you understand what their primary game is, and that they can trust you to figure it out,” Hoffman says. “If your approach to government is to say ‘get out of my way,’ then you’re not help­ing with their game.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/alexkonrad/2024/06/04/inside-silicon-valley-influence-battle-for-ai-future/?sh=44d2570c2dc4<br/><br/>0:00 Introduction<br/>0:59 Where Is Silicon Valley On AI<br/>5:03 Reid Hoffman And The State Of Open AI<br/>7:44 Where Does Social Media And AI Regulation Stand?<br/>9:55 Vinod Khosla's Take On Open AI And The State Of The Industry<br/>13:30 Will Regulations Aid Our Society From AI Going To Far?<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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John Giannandrea, Apple's senior vice president of AI and machine learning, is pivotal in leading the company's AI strategy. New AI features for iPhone, iPad, and Mac are expected to be announced under his leadership at the upcoming WWDC conference on Monday. Giannandrea was a top executive at Google before joining Apple in 2018 to focus on boosting its work in AI and machine learning. Giannandrea is described as a humble and ahead-of-the-curve technologist who doesn't seek publicity like other tech executives. At Apple, his team's work has included AI features that enhance photos, accessibility, and Siri, though most have been behind-the-scenes until now. In addition to his tech career, Giannandrea also sits on the board of the SETI Institute, which focuses on searching for extraterrestrial life.
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