Episodios

  • Tech News Roundup: Meta's AR Glasses, Telegram Founder Arrest, AI in Software Development, and Gen X vs Gen Z Job Experiences

    Tech News Roundup: Meta's AR Glasses, Telegram Founder Arrest, AI in Software Development, and Gen X vs Gen Z Job Experiences
    Aug 29 2024
    Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Meta's new augmented reality glasses, codenamed Orion, will now run on Qualcomm silicon instead of custom chips, as part of cost-cutting efforts. The discontinuation of the "Spark" toolset has sparked anger among third-party developers, with a termination date set for January 14 next year. The departure of Intel board member Lip-Bu Tan was reportedly due to differences over workforce, culture, and AI strategy. Short seller Hindenburg Research has targeted AI server firm Super Micro Computer with allegations of lack of innovation. Apple is cutting around 100 jobs in its digital services group, including teams behind the Apple Books app and Apple News. The U.S. announced a $521 million investment in infrastructure for new-style cars, including EV chargers and hydrogen fueling stations. Klarna is using AI to cut jobs, with plans to reduce its workforce from 3,800 to 2,000 through automation.Transitioning to the arrest of Telegram founder Pavel Durov, debates about content moderation and government interference have been sparked. With over 900 million users, Telegram has approached profitability without venture capital funding. Durov's commitment to free speech and privacy has led to conflict with the Russian government. The arrest has left the future of both Telegram and TON uncertain, impacting their success and potential changes ahead. Investors are unsure if an IPO or monetization through TON is the best path forward for Telegram.Moving on to how AI coding is revolutionizing software development, companies like SpaceX and Amazon are utilizing AI tools like Cursor to save time and enhance creativity. These tools are democratizing software development and driving innovation in various industries. The future looks promising for AI in software development, with the potential for children to create products using AI. AI is also making its mark in marketing and art image generation, leading to a creative renaissance across different fields.Lastly, discussing the job experiences of Gen X and Gen Z individuals, challenges faced by younger workers in securing entry-level positions are highlighted. The importance of companies nurturing the next generation of workers is emphasized, along with the resilience of Gen Z individuals in creating their own opportunities through self-education and entrepreneurship. Updates on various topics such as Nvidia's earnings report, Mark Zuckerberg's letter to Congress, and a new CEO's pay package at Bloomin' Brands are mentioned. Other news snippets include Peloton's former CEO losing wealth, potential private equity investments in the NFL, and intertwined careers and deaths of Autonomy cofounder Mike Lynch and Stephen Chamberlain.Thank you for tuning in to OWITH.ai - stay updated on all things AI and tech by subscribing to our podcast.

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    3 m
  • AI Regulation, Ambience Healthcare, and KKR's Trillion Dollar Goal: A Recap of the Latest in Tech

    AI Regulation, Ambience Healthcare, and KKR's Trillion Dollar Goal: A Recap of the Latest in Tech
    Aug 28 2024
    Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Nvidia's upcoming earnings report is eagerly anticipated, with concerns about delays in the next-generation blackwell AI chip and the potential impact of California's proposed AI regulation bill, SB 1047. The bill, if passed, would be a significant moment for AI regulation in the US, despite facing opposition from some in the AI industry. The departure of AI safety researchers from companies like OpenAI raises concerns about current AI models' potential risks. OpenAI is developing a new reasoning model called "Strawberry," codenamed Q*, which may be released as part of an update to ChatGPT in the fall. Concerns about AI regulation are also highlighted among Fortune 500 companies, with Chinese export controls on raw materials potentially limiting AI chip supplies. UK unions are pushing for AI regulation and reskilling programs to mitigate job displacement. The impact of AI technology on consumer choice and worldview is discussed, with researchers warning about the narrowing of perspectives and choices due to AI systems. Microsoft-backed Space and Time raised $20 million to merge AI and blockchain technology, and Ambience Healthcare's AI technology launched at John Muir Health. The $5.3 billion sale of Darktrace is moving forward despite a tragic incident involving a founding investor.Transitioning to the next news item, Ambience Healthcare, founded in 2020 by Mike Ng and Nikhil Buduma, is a venture-backed AI company focused on improving medical documentation processes, particularly targeting doctors' struggles with medical transcription. Their AI technology, including medical scribing technology, has been successfully launched at John Muir Health and well-received by doctors. The company has raised $100 million from investors like Kleiner Perkins and Andreessen Horowitz. Ambience aims to alleviate doctor burnout by streamlining documentation processes, with the goal of integrating seamlessly into clinicians' workflows without disrupting existing systems. Despite competition in the VC-backed AI healthcare transcription space, Ambience is making significant strides in adoption and acceptance among healthcare providers. The ultimate goal is to establish their technology as the standard of care within the medical industry.Moving on to the next topic, KKR, known for its leveraged buy-out of RJR Nabisco in the 1980s, has evolved into the world's third-largest alternative asset manager under co-CEOs Joe Bae and Scott Nuttall. The company aims to reach $1 trillion in assets by 2030 by transitioning to a buy-and-hold model similar to Berkshire Hathaway. Successful investment firms like KKR cultivate an "apprenticeship culture" to promote constant learning and growth among employees. In other news, Elon Musk defends Telegram founder Pavel Durov, who was arrested in France, while PDD shares plunge due to disappointing sales. California is considering a crackdown on big AI companies, requiring thorough safety testing and a "full shutdown" feature for AI models costing over $100 million to train.Shifting gears to discuss various AI tools for non-techies to improve productivity at work, focusing on search, building AI agents, academic paper reviews, and sales automation. It provides lists of tools in these categories and emphasizes the importance of finding the best tools for individual work needs. The author suggests exploring different AI tool aggregators and directories to find suitable tools for workflow. Additionally, the text highlights trends in consumer generative AI apps and popular tools in the market.Lastly, discussing the controversial SB-1047 AI bill in California aiming to regulate the AI space by establis

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    4 m
  • Tech News Update: Telegram IPO Uncertain, Mike Lynch Legacy, and Bilt Rewards Partnership

    Tech News Update: Telegram IPO Uncertain, Mike Lynch Legacy, and Bilt Rewards Partnership
    Aug 27 2024
    Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Telegram has been discussing the possibility of an IPO for years, with concerns about illegal content on the platform complicating the situation. CEO Pavel Durov's recent arrest in France has raised doubts about the legitimacy and ethics of investing in Telegram. While some believe Durov is being targeted for protecting free speech, others argue that the platform's involvement in illegal activities cannot be overlooked. The uncertainty surrounding the case makes it unlikely that Telegram will pursue an IPO anytime soon.Moving on to the legacy of tech founder Mike Lynch, who recently passed away in a tragic accident. Lynch was acquitted of fraud charges related to his company, Autonomy, which was acquired by HP. Despite Lynch's passing, the acquisition of Darktrace, an early investment of his, is set to proceed as planned, highlighting the uncertainty of second chances and the need to make the most of opportunities.In other news, Bilt Rewards has announced a partnership with Walgreens for a nationwide pharmacy benefits program targeting customers who use flexible spending accounts (FSA) and health savings accounts (HSA) for eligible purchases. Founded by Ankur Jain in 2019, Bilt aims to reward renters for their payments and help them build credit towards home ownership. The partnership with Walgreens is part of Bilt's strategy to create a community of merchants around people's homes, similar to platforms like Airbnb or Uber.Overall, the future of Telegram's IPO remains uncertain amidst legal challenges, while Bilt's innovative approach to rewarding renters and building community around homes is gaining traction in the market.

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    2 m
  • Data Labeling Costs, OpenAI Concerns, Cybersecurity for IPOs, and More in the AI and Tech World

    Data Labeling Costs, OpenAI Concerns, Cybersecurity for IPOs, and More in the AI and Tech World
    Aug 26 2024
    Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Companies training AI models or fine-tuning existing models often overlook the rising cost of data labeling, which is becoming a significant expense alongside computing power. Data labeling involves training AI models with tagged data to recognize patterns, a labor-intensive process that can raise ethics concerns. The cost of data labeling is driven by efforts to label private and expert-level data, leading some companies to hire high-cost professionals for labeling tasks. The expense of data labeling can eat up a large portion of AI budgets, especially for startups in areas like healthcare. However, some companies are exploring ways to lower costs, such as using synthetic data or sharing experts and algorithms through platforms like Beekeeper AI. While data labeling can be costly and time-consuming, it is considered essential for developing accurate AI models. Overall, the potential benefits of accurate data labeling outweigh the challenges and costs associated with the process.Former employees of OpenAI have expressed concerns about the company's commitment to AI safety and governance. They feel that promises have been made and not kept, leading to a loss of faith in both Sam Altman and the company overall. The employees worry about the potential risks posed by future AI advancements and the lack of accountability within companies like OpenAI. They believe that external governance, such as California's SB-1047 bill, is necessary to provide a check on the power of AI companies. However, OpenAI has recently opposed this bill, raising questions about their true commitment to safety and regulation. The employees fear that without proper governance, the decisions made by a few individuals at these companies could have serious consequences for society. Overall, they emphasize the importance of addressing these governance issues before the next major advancement in AI technology to prevent potential risks and ensure accountability.The text discusses the importance of cybersecurity in preparing for an IPO, highlighting the need for companies to have CISOs with the right expertise. Building trust and transparency, as well as having the right management team in place, are crucial for IPO readiness. Despite market challenges, focusing on cybersecurity early can enhance a company's readiness for going public.The text discusses the legacy of Mike Lynch, the co-founder of Autonomy, who passed away recently. It also reflects on the circumstances surrounding Autonomy's acquisition by HP and subsequent legal issues. Additionally, it mentions Jensen Huang's stock sales at Nvidia, Gap Inc CEO Richard Dickson's successful turnaround strategy, and Cava's positive earnings report for Q2. The email also includes news on various topics such as Jerome Powell's decision-making at the Fed, private equity interest in the NFL, and workers' attitudes towards employer monitoring.Thank you for tuning in to OWITH.ai: the podcast that keeps you updated on all things AI and tech.

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    3 m
  • 2024-08-24 Saturday Special

    2024-08-24 Saturday Special
    Aug 24 2024
    Each Saturday we take the headlines of daily podcast and ask ChatGPT to create a Sci-Fi story inspired by the news. The outcome for this week is this short story.

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    5 m
  • AI Revolution in Self-Driving Cars, Tech Industry News, and the Value of AI Investment

    AI Revolution in Self-Driving Cars, Tech Industry News, and the Value of AI Investment
    Aug 23 2024
    Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Waymo, a leading robo-taxi company, is revolutionizing the self-driving vehicle industry with 100,000 paid robo-taxi drives per week in major cities. These autonomous vehicles rely on AI for navigation, combining detailed maps and real-time machine learning. However, the industry is not emphasizing the role of AI in self-driving cars, possibly due to regulatory challenges and public perception concerns following setbacks and recalls. The emergence of generative AI models has raised new safety risks, prompting questions about how different types of AI impact society and the need for regulations.In other news, Mike Lynch, a controversial figure in the U.K. tech scene, died in a yacht accident off Sicily along with five others, while his teenage daughter remains missing. Lynch was recently acquitted of criminal fraud charges related to the sale of his firm, Autonomy, to Hewlett-Packard in 2011. The yacht trip was reportedly a celebration of his victory. Lynch's co-defendant in the U.S. trial also died in a separate incident. Despite his acquittal, a U.K. civil case found Lynch responsible for misrepresenting Autonomy's financials to HP, leading to legal battles for billions of dollars.Global venture capital funding in media, entertainment, and gaming (MEG) has increased by 58% in the first half of 2024 compared to the second half of the previous year. M&A activity in MEG has also seen significant growth, with a 100% increase in dollar volume year over year and a 2x increase from the first half of 2023. Notable deals include Disney's $1.5 billion investment in Epic Games and take-privates such as Silver Lake's $25 billion buyout of Endeavor and EQT's $2.8 billion purchase of Keywords Studios.Sticker Mule CEO Anthony Constantino provided his customer-service employees with an extra $2,500 each as combat pay for dealing with backlash from his pro-Trump email. The email called for an end to political hate following an assassination attempt. Sharing political views in the workplace can be risky, as seen with AT&T's Anne Chow and Palantir's Alex Karp. Constantino believes that business should not get involved in politics but stands by his decision to share his views.The text discusses recent developments in U.S. government regulations targeting harmful AI applications such as fake product reviews and non-consensual deepfake porn. These regulations focus on specific applications rather than general-purpose AI technology. It also introduces the AI Scientist workflow for generating scientific research ideas and the Imagen 3 model for text-to-image generation.The text delves into the value chain in the AI landscape, focusing on tech investing in companies like NVIDIA and AMD. It emphasizes understanding where long-term value will be created from AI and the evolution of computing towards generative AI. The author discusses revenue distribution in AI infrastructure, highlighting NVIDIA as a key player.The author discusses their previous theory on using AI, focusing on how to apply generative AI in work tasks. They emphasize the importance of finding the ideal degree of outsourcing tasks to AI based on complexity and the system's limitations. The author warns against the misuse of AI and highlights the need to understand its skillset appropriately.

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    3 m
  • Morning Update: Xiaomi's EV Success, Meter's Art-Tech Blend, and AI Disinformation Trends

    Morning Update: Xiaomi's EV Success, Meter's Art-Tech Blend, and AI Disinformation Trends
    Aug 22 2024
    Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Xiaomi, a top smartphone company, has successfully entered the electric vehicle market with its SU7 sedan. Delivering 27,307 sedans in Q2 of 2024, Xiaomi exceeded revenue estimates, planning to ship 120,000 cars by year-end. Meanwhile, Tesla recalls Model X SUVs due to a road hazard issue. Google's privacy lawsuit is revived, Waymo serves over 100,000 robo-taxi rides weekly, and the UK competition authority accepts Meta's promise. Moving on to Meter co-founders Sunil and Anil Varanasi, who blend art and technology in their internet infrastructure startup. Inspired by classic films like "The 400 Blows," they aim for harmony within their company. In other news, tech companies secure significant funding as private equity firms make key appointments for growth and investment opportunities.Shifting focus to America's power grid challenges, CEOs from PG&E, Edison International, and Sunrun are tackling wildfire risks in California. PG&E's CEO invests in grid resilience, while Edison International focuses on early line detection innovation. Sunrun accelerates consumer-led energy solutions revolution. In tech news, Waymo leads the robo-taxi race as companies adapt infrastructure for climate change.AI tools drive disinformation in the U.S. election, with a rise in AI-generated media and deepfakes. AMD acquires ZT Systems to rival Nvidia in AI tech infrastructure as LVMH CEO invests in AI startups. Other topics include Alphabet's robo-taxi service milestone and TSMC's EU plant boosting chip ambitions amid tech investment cycles.Discussing California's AI safety bill SB-1047, which was weakened before being signed into law. Despite opposition from tech companies, the author supports the bill for incentivizing alignment of AI models with human values. However, critics argue it's too narrow and fails to address all AI risks. Comprehensive federal legislation is emphasized for safeguarding citizens from various AI risks.That's all for today from OWITH.ai - stay tuned for more updates on AI and tech news!

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    2 m
  • Breaking Down the Latest in AI and Tech: A Recap from OWITH.ai

    Breaking Down the Latest in AI and Tech: A Recap from OWITH.ai
    Aug 21 2024
    Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.TSMC, Bosch, Infineon, and NXP have received approval for EUR5 billion in German subsidies for a joint venture to build a chip plant in Dresden. This venture, called European Semiconductor Manufacturing Company (ESMC), aims to increase Europe's share of global chip production to 20% by 2030. The plant will focus on industrial applications, particularly automotive, with plans to produce 480,000 silicon wafers annually by 2029. The European Commission's delayed decision on approving nearly EUR10 billion in subsidies for Intel's two new plants in Germany is a key factor in the region's chipmaking ambitions. Despite budget and business crises affecting subsidies and chip giants like Intel, there is momentum behind Europe's chip ambitions, with hopes for expansion into high-performance chips in the future. The chip industry is rapidly evolving, with new technology like adaptive deep brain implants showing promise in treating Parkinson's disease.AMD's acquisition of ZT Systems for $4.9 billion in cash and stock is a significant move in the chip maker's competition with Nvidia. The deal, which includes plans to sell ZT's manufacturing business post-acquisition, is seen as a strategic move to enhance AMD's competitiveness in the AI infrastructure market. Analysts believe the acquisition will help AMD better compete with Nvidia's integrated approach to AI solutions. The AI ecosystem is rapidly evolving, with M&A activity in the venture-backed AI startup space on the rise. AMD's deal with ZT Systems reflects broader trends in the AI landscape, where consolidation and innovation are happening at an accelerated pace. The acquisition aligns with AMD's strategy of positioning itself for future growth through organic and M&A investments. The deal signifies ongoing consolidation in the AI sector, highlighting the high demand for AI products and services.The text discusses Harley-Davidson's decision to distance itself from diversity, specifically in response to backlash from activist Robbie Starbuck. The company posted a statement on social media backing away from diversity initiatives to align better with its customers. The text questions whether brands like Harley are truly turning their backs on diversity or simply choosing to stop talking about it. It also mentions how miscommunication surrounding diversity initiatives can lead to backlash from customers. Additionally, the text highlights investor Carl Icahn agreeing to pay a $500,000 fine for failing to disclose billions borrowed against his company as collateral. In other news, it mentions that markets are bracing for Powell's speech, investor Kevin O'Leary criticizing Kamala Harris's economic platform, and various other topics such as Larry Page's advice for new grads and Alex Karp's hiring practices at Palantir. The text emphasizes the importance of addressing societal issues and engaging in dialogue to ensure progress and understanding.The text discusses the return of the weekly top picks column, which provides a review of news, stories, events, and research in the field of AI. The author explains the reasons for bringing back the column after a hiatus, including a desire to provide thoughtful analysis in a saturated market of AI news reviews. The format of the column will remain the same for now, but the author is open to suggestions for improvement. The week's highlights include discussions on Eric Schmidt's guide to AI startups, Trump's use of AI-generated images, Google's Gemini live assistant, a reporter resigning over fabricated AI quotes, and AI Twitter fatigue. The text also encourages readers to support the author's work by taking a premium subscription

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    4 m