Many AI advances in recent decades have demonstrated that computing power can be devoted to mastery of a single complex task, a chess match or a Netflix or TikTok recommendation algorithm. From algorithmic mastery of one task to mastery of all
Here are some of benefits and risks on the minds of tech leaders most likely to incorporate generative AI - many of whom already have adopted AI - in their operations and with consumer-facing services and products. And the domain you're in is just increasing performance." and then the ability to train it further. "Because out of the box, we're getting higher accuracy. "Even within tech to be honest, most of my peers are taking three or four years of development work and just throwing it out in terms of training neural nets for what they've done over the last few years," said another executive. And I think that companies that do not embrace it immediately, existing companies that will not embrace it immediately, there is a chance that they will become not relevant." And I think there are a lot of parallels to the Industrial Revolution. I think that it is as big as the Industrial Revolution. I think that it is 100 times bigger than all of those combined. "People compare it to the cloud revolution, or the mobile revolution or the internet revolution. "This is a major, major, major revolution," said one cloud executive on the call. The latest TEC Town Hall discussion, too, made clear that generative AI, and AI more broadly, is about a lot more than just a new era of internet search, even if those headlines right now may have the largest market cap consequences for the biggest companies. Across everything we are doing, we will have amplifying tools, it will get there over the next three to 10 years, a baseline for everything we are doing," he said. "So everyone has to be thinking about it, not just in data science.
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Microsoft board member Reid Hoffman told TEC members last year, "There is literally magic happening." The particular AI example Hoffman was discussing, Copilot, is now taking over as much as 40% of code writing from human software engineers, but "AI will transform all industries," Hoffman said. Microsoft's AI advances are occurring quickly. For Google it's not, they have to defend it all." There is such margin in search, which for us is incremental. Microsoft CEO Satya Nadella was clearly enjoying his rival's anxiety this week, telling the FT, "From now on, the of search is going to drop forever. Google's shares dropped by roughly 13% over a two-day stretch after its attempt to respond to Microsoft with its Bard AI was deemed a "rushed, botched" effort by its own employees, which may have only served to magnify the risk to its search dominance. The market is clearly taking the latest AI advances seriously, maybe nowhere more clearly than this week's battle between Microsoft and Google over competing AI for search engines. We gathered a roughly equal number of AI enthusiasts and skeptics, and broke them up into groups to discuss the sudden explosion of interest in ChatGPT, and to separate as best as they could the hype from the reality.
One thing is certain: Silicon Valley needs a next big thing, as the industry is seeing a contraction unlike anything it has experienced over the past decade, with tech leading layoffs in the economy and cost-cutting now the norm for the one sector which has been accustomed to operating with a blank check from investors.Īt a CNBC Technology Executive Council virtual Town Hall on Thursday, we gathered technology executives at companies across the economy - specifically, many at companies using AI but not creating it, for example, in retail, media, legal, agriculture and logistics. The metaverse came with NFTs, an extension of cryptocurrencies and the blockchain, and for now, it's all looking like the hype cycle warning is a good thing to heed. The arrival of OpenAI's ChatGPT and generative AI only a few years after the hype cycle over the metaverse has attracted both the AI bulls and bears as tech pursues its next big thing. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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