Nvidia is facing competition from Cerebras, which has launched the Wafer Scale Engine, an AI accelerator chip that claims to be the fastest in the industry. The chip contains 2.6 trillion transistors and can perform 152,000 billion calculations per second. Cerebras is targeting the high-end of the market, where companies are willing to pay a premium for the best possible performance.
Google, OpenAI, and Anthropic are also making strides in AI. Google's Gemini, OpenAI's ChatGPT, and Anthropic's Claude are being used in various applications, including a new generative AI tool called Poppy, launched for California state workers. Poppy connects users to these AI platforms while keeping data within the state's possession.
Meanwhile, Workday has established an AI research team to develop more reliable, trustworthy, and efficient enterprise AI. The team is working on various projects, including persistent agent memory, explainability, and multi-agent orchestration. Workday has also introduced a PhD fellowship program to support doctoral students working on AI and enterprise software.
A Goldman Sachs study found that AI adoption is affecting labor markets, particularly in industries with high exposure to AI automation. Employment in call centers, software publishing, and management consulting has fallen sharply below trend across developed markets. Entry-level workers appear particularly exposed to the impact of AI on employment.
Graphwise, a Bulgarian startup, has secured a majority investment from Oakley Capital to enhance its GraphDB platform, which helps AI agents understand and connect data. The platform uses a knowledge graph to provide a dynamic view of enterprise content and its relationships. This allows AI models to derive user intent, suggest related topics, and support scenario-based recommendations.
Researchers have developed a new framework, BACE, to estimate the accuracy ceiling of AI models. The framework separates irreducible from reducible error and disciplines the resulting claims. This approach helps to understand the limitations of AI models and identify areas for improvement.
The global AI-investment boom has revived East Asia's external growth model, driven by buoyant demand for semiconductors, servers, and data-centre infrastructure. Taiwan, South Korea, Japan, and China are recording exceptional trade-driven growth, with AI-related exports leading the way.
Key Takeaways
• Cerebras has launched the Wafer Scale Engine, an AI accelerator chip that claims to be the fastest in the industry.• California has launched a new generative AI tool, Poppy, which connects users to AI platforms like Anthropic's Claude, Google's Gemini, and OpenAI's ChatGPT.
• Workday has established an AI research team to develop more reliable, trustworthy, and efficient enterprise AI.
• A Goldman Sachs study found that AI adoption is affecting labor markets, particularly in industries with high exposure to AI automation.
• Graphwise has secured a majority investment from Oakley Capital to enhance its GraphDB platform.
• Researchers have developed a new framework, BACE, to estimate the accuracy ceiling of AI models.
• The global AI-investment boom has revived East Asia's external growth model.
• Nvidia is facing competition from Cerebras in the AI accelerator market.
• Old chips are holding their value due to increasing demand for AI and machine learning technologies.
• Researchers have developed a new approach to robust Markov decision processes.
Graphwise secures investment to boost AI capabilities
Graphwise, a Bulgarian startup, has secured a majority investment from Oakley Capital to enhance its GraphDB platform, which helps AI agents understand and connect data. The platform uses a knowledge graph to provide a dynamic view of enterprise content and its relationships. This allows AI models to derive user intent, suggest related topics, and support scenario-based recommendations. The investment will help Graphwise expand its commercial capabilities and grow its customer base.
Graphwise transforms AI with knowledge graph technology
Graphwise's semantic backbone addresses the limitations of large language models by providing a reliable layer of facts to retrieve from and reason over. The company's GraphDB platform uses a knowledge graph to enrich data with context, meaning, and connections. This approach improves the speed and performance of AI workflows while reducing costs and dependency on particular models and platforms.
New framework estimates AI accuracy ceilings
Researchers have developed a new framework, BACE, to estimate the accuracy ceiling of AI models. The framework separates irreducible from reducible error and disciplines the resulting claims. This approach helps to understand the limitations of AI models and identify areas for improvement.
Cerebras unveils fast AI accelerator to rival Nvidia
Cerebras has launched a new AI accelerator, the Wafer Scale Engine, which claims to be the fastest in the industry. The chip contains 2.6 trillion transistors and can perform 152,000 billion calculations per second. Cerebras is targeting the high-end of the market, where companies are willing to pay a premium for the best possible performance.
Goldman Sachs study reveals AI impact on labor market
A Goldman Sachs study found that AI adoption is affecting labor markets, particularly in industries with high exposure to AI automation. Employment in call centers, software publishing, and management consulting has fallen sharply below trend across developed markets. Entry-level workers appear particularly exposed to the impact of AI on employment.
Workday introduces AI research team for enterprise applications
Workday has established an AI research team to develop more reliable, trustworthy, and efficient enterprise AI. The team is working on various projects, including persistent agent memory, explainability, and multi-agent orchestration. The company has also introduced a PhD fellowship program to support doctoral students working on AI and enterprise software.
California state workers gain access to new AI tool
California has launched a new generative AI tool, Poppy, for state workers. The tool connects users to AI platforms like Anthropic's Claude, Google's Gemini, and OpenAI's ChatGPT, while keeping data within the state's possession. The tool can be used for tasks such as proofreading, summarizing documents, and writing computer code.
Old chips retain value in AI and machine learning
A new report finds that old chips are holding their value due to increasing demand for AI and machine learning technologies. The report notes that the value of old chips is expected to continue to hold in the coming years.
Research paper on robust Markov decision processes
Researchers have developed a new approach to robust Markov decision processes, which optimize one policy against a set of plausible transition functions. This approach uses adaptive policy portfolios, which are finite sets of memoryless randomized policies paired with a lightweight online selector.
AI boosts East Asia's external growth model
The global AI-investment boom has revived East Asia's external growth model, driven by buoyant demand for semiconductors, servers, and data-centre infrastructure. Taiwan, South Korea, Japan, and China are recording exceptional trade-driven growth, with AI-related exports leading the way.
Sources
- Graphwise aims to become the semantic layer for AI agents after securing major investment from Oakley Capital
- Graphwise Secures Majority Investment from Oakley Capital
- Bias-Corrected Ceilings of Emotion Predictability from Human Label Variation Based on Instance-Level Fano Bounds
- Cerebras says latest offering is 'fastest AI accelerator in the industry' as it takes aim at Nvidia
- Goldman studied where AI is squeezing labor markets. Here's what it found
- Workday Introduces AI Research Team Dedicated to Advancing Reliable, Trustworthy, and Efficient Enterprise AI
- California state workers have access to new AI product, how is it used?
- Old Chips Are Holding Their Value | AI & Business for August 18
- Adaptive Policy Portfolios for Robust Markov Decision Processes
- AI Export Boom Revives East Asia’s External Growth Model
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