AI
Bank of America on AI Boom: Still in Early Stages, Comparable to Internet in 1996
September 14, 2024 – Amidst a growing skepticism among investors regarding the future of AI, Bank of America has released a report suggesting that the current AI boom is still in its nascent stages, mirroring the trajectory of the internet in the 1990s. The bank’s statement comes at a time when substantial funds have flooded…
AI’s Workplace Invasion: 83% of Entry-Level Pros Fear Job Loss
September 09, 2024 – According to a survey conducted by Great Learning, an online education platform, a significant majority of entry-level professionals, accounting for 83%, have expressed that technology, particularly artificial intelligence (AI), is causing a “disruption” in their workplace. Simultaneously, AI and Machine Learning (ML) have emerged as the most preferred skill enhancement directions…
AI Revolution Threatens to Widen Development Gap Between Nations
August 12, 2024 – A recent report titled “Minding the AI Gap: Shaping the Future of Work in a Global Perspective” has been released by the International Labour Organization and the Office of the UN Secretary-General’s Technology Envoy. The report raises concerns that the AI revolution may widen the development gap between high-income and low-income…
Graphcore’s Fate Sealed: British AI Chipmaker Now Under SoftBank’s Wing
July 12, 2024 – In a major shakeup within the AI chip landscape, Japan’s SoftBank Group has officially acquired Graphcore, a struggling British AI chipmaker, in a deal that will see the latter operate as a wholly-owned subsidiary under SoftBank’s umbrella while retaining its brand identity. The financial terms of the transaction remain undisclosed. Founded…
AI Emerges as a Secret Weapon for College Students: Higher Scores and Undetectable
June 28, 2024 –A recent study conducted by Professor Peter Scarfe, an associate professor at the School of Psychology and Clinical Language Sciences at the University of Reading in the UK, has revealed a startling trend: college students are now utilizing AI tools like ChatGPT to complete their coursework, often achieving higher scores than their…
Micron Speeds Up EUV Development for 2025 Mass Production of 1γ DRAM
June 28, 2024 –In a significant development, Micron Technology, a leading semiconductor manufacturer, has announced its plans to adopt Extreme Ultra-Violet (EUV) lithography for the production of its 1γ DRAM, marking a shift from its previous reliance on Deep Ultra-Violet (DUV) technology. While other semiconductor giants have been quick to embrace EUV, Micron had been…
Bill Gates Urges Environmentalists: Don’t Overworry About AI’s Power Consumption
June 28, 2024 –In a recent speech in London, tech mogul and philanthropist Bill Gates has come to the defense of AI systems, arguing that their energy consumption will ultimately be “offset” by the efficiencies they bring. Gates’ comments, reported by the Financial Times today, were made in response to concerns about the increasing energy…
TechInsights: AI Chips to Consume Over 1.5% of Global Electricity, Generate Billions of Tons of Carbon Emissions in Next Five Years
June 28, 2024 –In a recent market outlook report, renowned research firm TechInsights has unveiled projections that underscore the continued ascendancy of data center AI chips and accelerators in the global semiconductor landscape. According to the forecast, shipments of these advanced components are anticipated to soar at a compound annual growth rate (CAGR) of 33%…
NBC Introduces AI-Powered Commentator for the Paris Olympics
June 27, 2024 – NBC (National Broadcasting Company) unveiled its plans to cover the upcoming Olympics, leveraging both its television network and the Peacock streaming platform. A notable addition to this year’s coverage is the introduction of an AI-generated voice based on that of veteran NBC sportscaster Al Michaels. According to the announcement, Peacock will…
Sohu AI Chip: World’s First Dedicated Transformer Chip Processes 500,000 Tokens Per Second
June 26, 2024 – Etched, a startup founded by Harvard dropouts Gavin Uberti and Chris Zhu less than two years ago, has announced the completion of a $120 million Series A funding round. The funds will be utilized for the development and marketing of Sohu, the world’s first Transformer Application Specific Integrated Circuit (ASIC) chip….