AI Edition - It's AI Time - 83 [06-07-2024]

AI Edition - It's AI Time - 83

How Big Tech is swallowing the AI industry

Amazon has hired most of Adept's team, another aspiring OpenAI competitor, and licensed its technology, following a pattern that mirrors Microsoft's acquisition approach with Inflection. This move reflects a trend where big tech companies absorb AI talent and innovations without formal acquisitions to navigate antitrust scrutiny. Such strategies may become commonplace as the AI industry faces consolidation and high development costs.

Intel shows off first fully integrated optical compute interconnect, designed to scale up AI workloads

Intel has presented the industry's first fully integrated optical compute interconnect (OCI) chiplet designed to significantly boost high-bandwidth data interconnect performance. Essential for growing AI demands, the milestone represents a step forward in silicon photonics, combining integrated circuits with lasers to enhance data transfer rates and support AI infrastructure scaling. The OCI chiplet aims to overcome the limitations of current electrical I/O interconnects by enabling higher bandwidth and longer-distance data transmission.

AI is disrupting Customer Support. Salesforce is feeling the pinch

Enterprises shifting IT budgets toward AI proof-of-concept projects challenge customer support software companies like Salesforce and Zendesk. The growing integration of tools like ChatGPT in customer support has increased customer acquisition costs for traditional software providers, extending payback periods. The future investment in customer support software depends on these companies' innovation and the broader macroeconomic environment.

Contra Acemoglu on AI

Economist Daron Acemoglu's working paper on AI suggests a modest 0.06% annual increase in TFP growth, challenging more optimistic forecasts. He distinguishes AI's productivity impact through four channels but discounts deepening of automation and creation of new labor-intensive products, arguably underestimating AI's full economic potential. Critics find his approach overly narrow, potentially misrepresenting the broader macroeconomic implications of AI advancements.

How AI Transforms Modern Enterprises

  1. 40% boost in employee productivity by 2035 with AI. 
  2. AI helps in predictive sales analytics, reducing costs, and optimizing inventory. 
  3. AI aids in improved talent acquisition and accelerated R&D. Machine learning, NLP, and computer vision are key sub-technologies. 
  4. Generative AI is creating new content and enhancing customer engagement. 
  5. AI helps in enterprise security by recognizing and blocking malicious activities.



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