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OpenAI thought it’s value $100 billion, and others agreed… What do you’re thinking that?
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TODAY’S AI SECRET:
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Two tech giants might cover OpenAI’s $100 billion valuation.
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The Hottest AI Lifetime Deals from Oncely.ai.
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AI utilization in Korean firms is just 30.6%.
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Meta’s open-source strategy advances significantly.
QUICK HEATS
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OpenAI and Anthropic Sign Deals with US Govt – The AI startups have signed agreements with the U.S. government to boost the security and evaluation of their AI technologies amid growing regulatory scrutiny.
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AI Project Failures – A recent report reveals that 80% of AI projects fail, doubling the standard failure rates of IT initiatives.
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UK AI Amid Cost-Cutting Measures – The Labour government under Prime Minister Keir Starmer is reshaping its AI strategy, prioritizing public sector adoption while scrapping significant previous investments.
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Adobe AI Revolutionizes D&D Play – Recent AI tool in Adobe Acrobat shows promise for enhancing tabletop RPG experiences, despite some limitations.
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Google AI Resumes Human Image Generation – Google’s Imagen 3 model reintroduces human image generation after addressing historical accuracy concerns.
BIG NAMES
Two tech giants might cover OpenAI’s $100 billion valuation.
OpenAI has announced that it can start its next round of funding with a formidable valuation of $100 billion. In response, Apple and Nvidia might determine to speculate.
The Details:
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Infinitely Expanding Bubble: Apple and Nvidia are in talks to fund OpenAI, potentially valuing it over $100 billion. Thrive Capital leads this round, with support from Microsoft and other investors. OpenAI’s valuation has jumped from $29 billion to just about $100 billion as a result of these investments.
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Tech Integration and Collaboration: Apple plans to integrate ChatGPT with Siri to boost its virtual assistant offerings. Nvidia, a key hardware supplier for OpenAI, could deepen its ties, emphasizing the symbiotic relationship between AI software and hardware advancements.
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Product Innovations and Market Expansion: The launch of products like ChatGPT and ventures into AI-generated media have catalyzed OpenAI’s revenue, surpassing $2 billion annually. This growth is further propelled by the upcoming SearchGPT, which could reshape how users interact with search technologies.
Why It Matters:
By joining forces, these firms aren’t just funding technology; they’re setting the stage for the following wave of AI innovation that might redefine how we interact with technology each day.
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AI SURVEY
AI utilization in Korean firms is just 30.6%.
A recent survey reveals a major gap between the perceived necessity and the actual implementation of artificial intelligence (AI) technology in Korean firms. While a big majority recognize the potential advantages of AI in enhancing business performance, actual usage stays relatively low across various sectors.
The Details:
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High Demand, Low Implementation: 78.4% of Korean firms acknowledge the necessity for AI to spice up productivity and reduce costs, yet only 30.6% have integrated AI technology into their operations.
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Sector-Specific Utilization: AI adoption is highest within the service industry, particularly inside financial and IT services, contrasting sharply with a mere 23.8% utilization rate within the manufacturing sector.
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Diverse Applications and Impacts: The predominant use of AI is in product development, with significant impacts noted in time reduction for business processes. The adoption rates vary significantly by company size and region, indicating a technology gap.
Why It Matters:
This gap could potentially place Korean industries at a competitive drawback internationally, where counterparts in other countries are accelerating their AI adoption.
BIG NAMES
Meta’s open-source strategy advances significantly.
Meta’s Llama AI models are gaining traction amongst major firms for key business functions, reflecting increasing trust in open-source AI technologies.
The Details:
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Widespread Adoption by Major Corporations: Firms like Goldman Sachs and AT&T are utilizing Meta’s Llama AI for tasks similar to customer support, document review, and code generation.
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Impressive Download Figures: The Llama models have been downloaded nearly 350 million times, indicating strong interest and acceptance out there, particularly after the discharge of Llama 3.
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Strategic Free Distribution: Meta’s strategy of offering the Llama AI models mostly freed from charge is geared toward making them the industry standard, ensuring widespread usage and stopping market monopolization by competitors.
Why It Matters:
Meta’s open-source strategy has seen significant success. In contrast to OpenAI’s closed-source model, more firms seem willing to create their very own business functions using Llama AI.
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