• Business of Tech: Daily 10-Minute IT Services Insights

  • By: MSP Radio
  • Podcast

Business of Tech: Daily 10-Minute IT Services Insights

By: MSP Radio
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  • Summary

  • In 10 minutes daily, The Business of Tech delivers the latest IT services and MSP-focused news and commentary. Curated to stories that matter with commentary answering 'Why Do We Care?', channel veteran Dave Sobel brings you up to speed and provides resources to go deeper. With insights and analysis, this focused podcast focuses on the knowledge you need to be effective, profitable, and relevant.
    Copyright 2019-2024 MSP Radio
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Episodes
  • OpenAI $6.6B Funding, U.S. AI Fed Guidelines, and United Airlines' Data-Driven Recovery Strategies

    OpenAI $6.6B Funding, U.S. AI Fed Guidelines, and United Airlines' Data-Driven Recovery Strategies
    Oct 3 2024
    OpenAI has raised $6.6 billion and secured a $4 billion revolving credit line, bringing its total liquidity to over $10 billion. Despite reporting substantial revenue growth, the company anticipates a $5 billion loss this year due to high GPU costs. OpenAI is also navigating leadership changes and considering a shift to a for-profit model while maintaining its non-profit segment. The episode highlights the competitive landscape, with OpenAI requesting investors to avoid funding rival AI startups, which could impact future fundraising for both OpenAI and its competitors.The episode also delves into a KPMG survey revealing that while nearly 75% of organizations see value in AI, only one-third have successfully scaled it into production. Concerns about the complexity of AI and its implications for jobs are prevalent among tech executives. KPMG emphasizes the need for strong governance and ethical AI policies to manage emerging risks, particularly with generative AI. Despite these challenges, 87% of survey respondents report increased profits from tech investments, underscoring the importance of not just adopting AI but effectively scaling it within organizations.In addition to AI funding and scaling challenges, the episode covers new guidelines issued by the White House for U.S. agencies regarding AI acquisition. The memorandum emphasizes risk management, competition, and information sharing, requiring agencies to promote competition and prevent vendor lock-in. The guidance aims to help agencies integrate AI responsibly while managing associated risks, highlighting the importance of ethical frameworks and rigorous reporting on AI tool usage. This development signals a shift in how government agencies will approach AI procurement, which could influence service providers' strategies.Finally, the episode examines United Airlines' effective recovery from a software outage caused by CrowdStrike, showcasing the critical role of real-time data in operational resilience. By leveraging cloud technology and enabling employees to access real-time data, United Airlines minimized flight cancellations compared to competitors during the disruption. This case study illustrates the importance of investing in incident recovery capabilities and highlights how organizations can gain a competitive advantage by prioritizing resilience in their operations. The discussion emphasizes that IT providers should position their services as essential components of resilient strategies, particularly in high-stakes industries where downtime can have severe consequences. Three things to know today00:00 OpenAI Raises $6.6 Billion, Secures $4 Billion Credit Line as KPMG Survey Shows Scaling AI Remains a Challenge04:50 White House Sets AI Acquisition Guidelines, Focusing on Risk Management and Vendor Flexibility for U.S. Agencies06:37 United Airlines Used Real-Time Data and Cloud Tech to Outperform Competitors in CrowdStrike Disruption Recovery Supported by: https://www.huntress.com/mspradio/http://blumira.com/radio/ Event: www.smbTechFest.com/Go/Sobel All our Sponsors: https://businessof.tech/sponsors/ Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/ Support the show on Patreon: https://patreon.com/mspradio/ Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.com Follow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftechBluesky: https://bsky.app/profile/businessoftech.bsky.social
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    11 mins
  • Microsoft's AI Update, OpenAI's Voice API, LiquidAI's Models, Kaseya's FedRAMP Push

    Microsoft's AI Update, OpenAI's Voice API, LiquidAI's Models, Kaseya's FedRAMP Push
    Oct 2 2024
    The rollout of Windows 11 version 24H2 introduces a range of AI-powered features, such as enhanced Energy Saver, improved Bluetooth LE audio support, and Wi-Fi 7 compatibility. Notably, Microsoft has integrated Rust into the Windows kernel and introduced new functionalities for its CoPilot AI, which now includes natural voice interaction and daily news summarization. However, the update also marks the end of support for Windows Mixed Reality headsets, as Microsoft shifts its focus away from hardware in the mixed reality space.Host Dave Sobel highlights Microsoft's decision to cease production of the HoloLens 2 and its partnership with Meta, indicating a strategic pivot towards software integration with Meta's Quest headsets. This move reflects a broader trend in the tech industry, where companies are increasingly prioritizing AI-driven productivity tools. Sobel emphasizes the importance of data management for businesses looking to leverage these new AI capabilities effectively, suggesting that many customers may not be prepared to utilize these tools without a solid data foundation.The episode also covers OpenAI's introduction of a public beta for its Realtime API, which allows developers to create applications that facilitate natural conversations with AI chatbots. This new API supports low-latency, multimodal features, enhancing voice interactions and enabling seamless communication across languages. Additionally, Liquid AI has launched its Liquid Foundation Models, which are non-transformer AI models designed for improved performance and memory efficiency, potentially lowering infrastructure costs for clients running large-scale AI applications.Finally, Sobel discusses Kaseya's commitment to achieving FedRAMP authorization for its ITComplete platform, which aims to support managed service providers (MSPs) with compliance requirements. This initiative is particularly significant as it addresses the growing need for compliance in government contracts. The episode concludes with a call for IT solution providers to participate in Service Leadership's annual compensation survey, which aims to provide insights into compensation trends and help organizations optimize their recruitment strategies. Three things to know today 00:00 Windows 11 Update Brings AI Features as Microsoft Exits Mixed Reality Hardware with HoloLens05:05 OpenAI Expands Voice Integration with Realtime API, While Liquid AI Launches Efficient Non-Transformer Models07:10 Kaseya Aims for FedRAMP Authorization as Service Leadership Opens IT Compensation Survey Supported by: https://www.coreview.com/msphttps://mspradio.com/engage/ Event: www.smbTechFest.com/Go/Sobel All our Sponsors: https://businessof.tech/sponsors/ Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/ Support the show on Patreon: https://patreon.com/mspradio/ Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.com Follow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftechBluesky: https://bsky.app/profile/businessoftech.bsky.social
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    11 mins
  • OpenAI Leadership Changes, Hugging Face Growth, Microsoft AI Adjustments, and Google Protocol Updates

    OpenAI Leadership Changes, Hugging Face Growth, Microsoft AI Adjustments, and Google Protocol Updates
    Oct 1 2024
    Mira Murati, the Chief Technology Officer, along with two other executives, announced their departures amid a critical restructuring phase for the company. As OpenAI transitions from a non-profit to a for-profit benefit corporation while seeking over $100 billion in investment, Sobel highlights the potential implications of these changes on the generative AI market, suggesting a possible consolidation as the industry grapples with high operational costs and limited use cases.Host Dave Sobel also examines the rapid growth of Hugging Face, which has surpassed 1 million AI model listings, emphasizing the shift towards customized models tailored for specific tasks. This trend reflects a broader industry movement away from one-size-fits-all solutions, as organizations increasingly seek specialized, fine-tuned models. The episode draws attention to Mark Zuckerberg's comments from the recent MetaConnect event, where he cautioned creators about the value of their work for AI training, hinting at ongoing copyright issues and the need for partnerships to secure valuable content.The discussion then shifts to Microsoft, which has made notable changes to its Copilot Plus feature and its approach to integrating AI into its 365 software suite. The company is now conducting pilot tests to assess customer willingness to pay for new AI features, reflecting concerns about the perceived value and effectiveness of these tools. Sobel emphasizes the importance of managing customer expectations around AI, noting that the benefits of such technologies may not always be immediately apparent, and overpromising can lead to dissatisfaction.Finally, Sobel covers Google's decision to phase out older protocols in Google Workspace, citing security risks associated with these outdated systems. He also highlights Microsoft's enhancements to Defender, which now includes automatic detection of unsecured Wi-Fi networks, and ConnectWise's commitment to high cybersecurity standards. The episode underscores the evolving landscape of IT service providers, where the focus is shifting towards practical AI applications with demonstrable ROI, as well as the critical need for robust cybersecurity measures in an increasingly complex digital environment. Three things to know today00:00 OpenAI Leadership Exodus and Hugging Face's Model Surge Point to Shift To Focused Solutions05:00 Microsoft Bolsters Copilot+ Recall Security While Scaling Back 365 AI Plans Amid Customer Concerns07:33 Google Phases Out Legacy Protocols as Microsoft Enhances Defender Supported by: https://getthread.com/mspradio/https://www.huntress.com/mspradio/ Event: www.smbTechFest.com/Go/Sobel All our Sponsors: https://businessof.tech/sponsors/ Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/ Support the show on Patreon: https://patreon.com/mspradio/ Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.com Follow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftechBluesky: https://bsky.app/profile/businessoftech.bsky.social
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    12 mins
Economics Politics & Government
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