The world of artificial intelligence is booming, with China investing heavily in AI and the US competing to gain the edge in advanced tech. In this news brief, we'll explore the latest developments in AI, from chatbots to intelligent toys, and examine the risks and opportunities presented by this rapidly evolving field.
China's AI Boom
China is embracing artificial intelligence, from educational tools to humanoid robots in factories. The country is investing heavily in AI, with plans to spend over $1.4 trillion in the next 15 years as it competes with the US to gain the edge in advanced tech. China's young people are a key factor in the country's engineering success, with over 3.5 million students graduating with STEM degrees in 2020.
Anthropic's Focus on Enterprise AI
Anthropic, the maker of Claude AI, is not planning to get into hardware or consumer entertainment but will remain focused on developing generalist foundation models for enterprise use cases. The startup will channel its resources into enabling use cases for all industries through its Claude family of artificial intelligence (AI) models, essentially balancing research breakthroughs with practical product development.
The Rise of GTM Engineers
The rise of GTM (Go-To-Market) Engineers is transforming the marketing landscape, with AI sales expertise becoming a crucial specialist role. GTM Engineers leverage AI-powered, hyper-personalized outreach to achieve what would take a Google Ads team months or previously required a team of 5-7 Sales Development Representatives.
OpenAI's $11.9 Billion Deal
OpenAI has signed a five-year deal with CoreWeave worth almost $12 billion, with OpenAI getting a stake in CoreWeave worth about $350 million. The deal will see CoreWeave provide data centers for AI, with OpenAI using the infrastructure to power its AI models.
AI Bubble Concerns
Experts at the University of Texas at Austin have warned that artificial intelligence is overhyped and overvalued in a classic financial bubble, setting the stage for a tech bust that could wipe out tens of billions of dollars in investments. The hype around AI has created a similar bubble to the dot-com bubble of the late 1990s, with associated companies attracting astronomical valuations and eye-watering stock prices.
NVIDIA's AI Chip Supply
NVIDIA Corporation has supplied 64,000 AI chips for OpenAI-Oracle's Texas data center, with the move marking the establishment of the first facility for the $100 billion Stargate infrastructure. The site is anticipated to house 64,000 of Nvidia's coveted GB200 semiconductors by the end of 2026.
Harmony's AI Cyber Defences
Harmony Intelligence has successfully raised USD $3 million to further the development of its AI-powered cyber defence technologies aimed at combating rising AI-enabled cyber threats. The funding effort was led by Airtree, with participation from over 30 strategic investors.
AI Training Course Risks
The growth and evolution of AI is transforming the business landscape, but there are significant risks to consider when searching for AI training courses. Experts at AI technology firm AIPRM have identified five key risks: fake certificates and degrees, outdated or shallow content, AI-generated and repackaged content, fake job guarantees, and unrealistic claims and hype.
Key Takeaways
- China is investing heavily in AI, with plans to spend over $1.4 trillion in the next 15 years.
- Anthropic is focusing on developing generalist foundation models for enterprise use cases.
- The rise of GTM Engineers is transforming the marketing landscape.
- OpenAI has signed a five-year deal with CoreWeave worth almost $12 billion.
- Experts are warning of an AI bubble, with associated companies attracting astronomical valuations and eye-watering stock prices.
- NVIDIA has supplied 64,000 AI chips for OpenAI-Oracle's Texas data center.
- Harmony Intelligence has raised USD $3 million to further the development of its AI-powered cyber defence technologies.
- There are significant risks to consider when searching for AI training courses, including fake certificates and degrees, outdated or shallow content, and unrealistic claims and hype.
Sources
- From chatbots to intelligent toys: How AI is booming in China
- Anthropic CPO: Startup Isn’t Interested in Hardware or Consumer Entertainment
- The rise of GTM Engineers: Why every marketing agency needs AI sales expertise
- OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services
- Tomlinson: AI is in a financial bubble, the bust could cost Texas
- Is AI a bubble? It's complicated
- NVIDIA (NVDA) Supplies 64,000 AI Chips for OpenAI-Oracle’s Texas Data Center
- Taiwan Semiconductor's February revenue surges 43% year-on-year, falls on a monthly basis (TSM:NYSE)
- Harmony raises USD $3 million to boost AI cyber defences
- AI training course risks