The world of artificial intelligence (AI) is rapidly evolving, with significant investments being made in AI data centers, research, and development. The US is looking to invest billions in AI data centers, with Australia potentially missing out due to restrictive copyright laws and shifting geopolitical strategies. Meanwhile, AI is transforming various industries, including healthcare, finance, and education. In Singapore, AI is being used to manage the health of its fast-aging population, while Pinterest has updated its privacy policy to allow the use of user data and images to train AI tools. However, experts warn that AI must be used carefully in senior healthcare and that investing in AI does not guarantee success. Morgan Housel, a renowned author and investor, emphasizes the importance of discipline and avoiding the pitfalls of fear of missing out (FOMO) and luck in investing in AI and other transformative industries.
US Looks to Invest Billions in AI Data Centers
The US is planning to invest billions in AI data centers, with Australia potentially missing out due to restrictive copyright laws and shifting geopolitical strategies. The NSW and Victorian governments are competing for overseas investment, particularly in energy-intensive data centers that will power the next generation of cloud computing and AI.
The Rise of Agentic AI
Agentic AI systems, capable of taking actions without human intervention, have the potential to replace roles traditionally performed by women and men. These systems will reshape hiring practices and workplace dynamics, with the HR department changing significantly. For example, AI-powered agents are already being used to handle tasks such as forming limited liability companies (LLCs), corporations, and non-profits.
Singapore Looks to AI to Help Manage the Health of its Fast-Aging Population
Singapore's population is aging fast, with a quarter of Singaporeans expected to be 65 or over by 2030. To manage this, the country is looking to AI to help with elderly care. AI is set to play a huge role in elderly care in Singapore, helping clinicians manage non-acute conditions and overseeing administrative tasks such as monitoring hospital bed availability.
Pinterest Changes User Terms to Train AI on User Data and Photos
Pinterest has updated its privacy policy to reflect its use of platform user data and images to train AI tools. The company will use its patrons' "information to train
Sources
- US looks to invest billions in AI data centres. Australia may miss out
- The rise of ‘agentic AI’: Why data scientists and software developers should be worried
- Elon’s Grok Chatbot Calculates Probability That Trump Is a Russian Asset
- Beijing introduces mandatory artificial intelligence courses for schoolchildren
- Meet the Unstoppable Artificial Intelligence (AI) Stock That Could Join the $3 Trillion Club by 2028
- AI frenzy leads US venture capital to biggest splurge in three years
- Singapore looks to AI to help manage the health of its fast-aging population
- Pinterest Changes User Terms So It Can Train AI on User Data and Photos, Regardless of When They Were Posted
- Exclusive | AI will change the world, but most investors will still lose money, says Morgan Housel