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AI IS THE BUZZ, THE BIG OPPORTUNITY AND THE RISK TO WATCH AMONG THE DAVOS GLITTERATI

January 20, 2024

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Techlife News

Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. It was visible across the Swiss Alpine town and percolated through afterparties.

AI IS THE BUZZ, THE BIG OPPORTUNITY AND THE RISK TO WATCH AMONG THE DAVOS GLITTERATI

Here’s a look at the buzz:

OPENAI OPENING BIG AT DAVOS

The leadership drama at the AI world’s muchballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows.

Altman’s sudden firing and swift rehiring last year cemented his position as the face of the generative AI revolution but questions about the boardroom bustup and OpenAI’s governance lingered. He told a Bloomberg interviewer that he’s focused on getting a “great full board in place” and deflected further questions.

At a Davos panel on technology and humanity Thursday, a question about what Altman learned from the upheaval came at the end.

“We had known that our board had gotten too small, and we knew that we didn’t have a level of experience we needed,” Altman said. “But last year was such a wild year for us in so many ways that we sort of just neglected it.”

Altman added that for “every one step we take closer to very powerful AI, everybody’s character gets, like, plus 10 crazy points. It’s a very stressful thing. And it should be because we’re trying to be responsible about very high stakes.”

WORLD LEADERS WANT TO LEAD THE WORLD ON AI

From China to Europe, top officials staked their positions on AI as the world grapples with regulating the rapidly developing technology that has big implications for workplaces, elections and privacy.

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MUSK-ALTMAN TRIAL PUTS OPENAI STRUCTURE AT RISK

Jury selection has begun in Oakland in one of the most consequential legal fights yet to hit the artificial intelligence industry.

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OPENAI PHONE CHIPS ARE STILL JUST A RUMOR

OpenAl is reportedly exploring smartphone chips with Qualcomm and MediaTek, but the project remains unconfirmed and appears to be at a very early stage.

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SAMSUNG PROFITS SOAR AS AI DRIVES MEMORY SHORTAGE

Samsung Electronics reported a dramatic surge in quarterly earnings, with operating profit rising more than eight-fold year over year as demand for artificial intelligence infrastructure pushed memory prices sharply higher.

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OPENAL STUMBLES AS IPO PRESSURE BUILDS

OpenAl has reportedly fallen short of internal revenue and user-growth targets at a sensitive moment, raising fresh questions about whether the company’s enormous computing commitments are outpacing the business growth needed to support them.

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SOFTBANK PREPS ROZE AI IPO WITH $100B TARGET

SoftBank Group is preparing to spin out and list a new artificial intelligence and robotics company in the United States, aiming for a valuation of up to $100 billion.

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CHATGPT RISE PUTS DEVELOPER HIRING UNDER PRESSURE

A new Federal Reserve working paper is putting numbers behind one of the most sensitive questions in the technology labor market: whether generative AI has already slowed hiring for software developers.

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CHINA'S ORBITAL AI NETWORK GETS MUCH BIGGER

China is moving ahead with an ambitious plan to build a large space-based AI computing network, with partners around ADA Space and Zhejiang Lab aiming for a constellation that could eventually reach 2,800 satellites.

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SODIUM BATTERIES GET A SUPERCOMPUTER BOOST

Researchers at UC San Diego have used the Expanse supercomputer to help design improved sodium-ion battery materials, bringing cheaper and longer-lasting large-scale energy storage a step closer.

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INTEL CPU SHORTAGE OPENS DOOR FOR RIVALS

The artificial intelligence boom is reshaping the semiconductor market again, and this time the pressure is not limited to GPUs.

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APPLE ADDS MONTHLY PAY OPTION FOR ANNUAL SUBS

Apple is introducing a new billing option on the App Store that allows users to pay for annual subscriptions in monthly installments, a shift designed to make long-term plans more accessible without requiring upfront payment.

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