The artificial intelligence sector sees significant shifts and advancements, alongside growing concerns about its societal impact. A major development includes Sachin Katti, Intel's Chief Technology and AI Officer, departing the chipmaker to join OpenAI. Katti, who spent four years at Intel, will now lead OpenAI's efforts in designing and building its next-generation compute infrastructure, crucial for artificial general intelligence. Following Katti's departure, Intel's CEO, Lip-Bu Tan, assumes leadership of the company's AI and Advanced Technologies Groups, reaffirming AI as a top strategic priority for Intel. Meanwhile, AI's influence extends across various industries. In the stock market, strong Q3 earnings from major tech companies like Amazon, Microsoft, and Alphabet are stabilizing the AI-driven rally, with the 'Mag 7' group expecting a 26.7% increase in earnings and 17.6% higher revenues. Amazon and Microsoft, in particular, show robust growth in their cloud businesses. While Meta's increased spending plans caused some investor disappointment, the company has introduced its Generative Ads Recommendation Model (GEM), a large AI model that has boosted ad conversions by 5% on Instagram and 3% on Facebook Feed since its Q2 launch. This model, trained on thousands of GPUs, acts as a 'teacher' to optimize ad placement. However, the rise of AI also brings challenges. California is grappling with a surge in fraudulent online car sales, where nearly 5% of transactions are scams, with AI making fake listings and titles more sophisticated. California Attorney General Rob Bonta urges online marketplaces, including those operated by Meta, to leverage AI for detecting and stopping these illegal activities. On the employment front, while some worry about AI reducing job opportunities by automating simple tasks, experts like Dr. Robert Wallace suggest new jobs will emerge, emphasizing human strengths such as creativity, complex communication, and empathy. Conversely, some argue that AI, coupled with capitalism, threatens the middle class by automating tasks traditionally performed by professionals and managers. Governments are also exploring AI's potential, with experts at the GovAI Coalition Summit advocating for pilot projects to improve services, save costs, and enhance transparency. In the energy sector, AI is proving vital for creating more flexible and adaptable systems, managing demand for electric vehicles and renewable sources, and improving grid planning and forecasting. Additionally, former physician Jenny Shao has launched Robyn, an empathetic AI companion on iOS, designed to offer emotional support and help users reflect on patterns, securing $5.5 million in seed funding.
Key Takeaways
- Sachin Katti, Intel's Chief Technology and AI Officer, has left Intel to lead OpenAI's compute infrastructure development for artificial general intelligence.
- Intel CEO Lip-Bu Tan now oversees Intel's AI and Advanced Technologies Groups, maintaining AI as a top strategic priority.
- OpenAI is focusing on deepening its control over hardware and preparing for a large hardware rollout, with Katti leading these efforts.
- Meta launched its Generative Ads Recommendation Model (GEM), which has increased ad conversions by 5% on Instagram and 3% on Facebook Feed since Q2.
- Strong Q3 earnings from 'Mag 7' tech companies, including Amazon and Microsoft's cloud businesses, are stabilizing the AI-driven stock market rally.
- AI is contributing to a rise in fraudulent online car sales in California, with nearly 5% of transactions being scams, prompting calls for online marketplaces to use AI for detection.
- Experts suggest AI will automate simple tasks but also create new jobs, emphasizing human strengths like creativity, complex communication, and empathy.
- Governments are encouraged to pilot AI projects to improve public services, achieve cost savings, and enhance transparency.
- AI is crucial for making energy systems more flexible, managing demand from electric vehicles and renewables, and improving grid planning and forecasting.
- Former physician Jenny Shao launched Robyn, an empathetic AI companion on iOS, designed for emotional support, raising $5.5 million in seed funding.
Intel AI Chief Sachin Katti Joins OpenAI
Sachin Katti, Intel's chief technology and AI officer, is leaving the chipmaker to join OpenAI, the company behind ChatGPT. Katti will focus on building OpenAI's compute infrastructure for artificial general intelligence. Intel's CEO, Lip-Bu Tan, will now lead the AI and Advanced Technologies Groups that Katti previously oversaw. Katti expressed gratitude for his four years at Intel, where he led networking, edge computing, and AI efforts. OpenAI President Greg Brockman is excited to work with Katti on scaling AGI research.
Intel CEO Lip-Bu Tan Takes Over AI After Katti Joins OpenAI
Intel announced that CEO Lip-Bu Tan will now lead the company's artificial intelligence efforts. This change comes after Sachin Katti, Intel's chief technology officer for AI, left to join OpenAI. Katti confirmed his move to the ChatGPT maker on social media site X. OpenAI President Greg Brockman stated that Katti will design and build their compute infrastructure. This infrastructure will serve as the backbone for OpenAI's future projects.
Intel AI Chief Sachin Katti Moves to OpenAI for Compute Leadership
Sachin Katti, Intel's Chief Technology and AI Officer, has left Intel to join OpenAI, the creator of ChatGPT. Intel's CEO, Lip-Bu Tan, will now personally oversee the company's AI and Advanced Technologies Groups. Katti's move is a significant shift, as he will lead OpenAI's next-generation compute efforts, suggesting OpenAI plans to deepen its control over hardware. Intel thanked Katti for his four years of contributions and reaffirmed AI as a top priority. OpenAI President Greg Brockman welcomed Katti, emphasizing his role in building their compute infrastructure.
Intel AI Chief Sachin Katti Departs for OpenAI
Sachin Katti, Intel's Chief Technology Officer and head of AI, has left Intel to join OpenAI. He had been in his role for only seven months. Intel CEO Lip-Bu Tan will now lead the AI and Advanced Technologies Groups. Intel stated that AI remains a top strategic priority for the company. OpenAI President Greg Brockman announced that Katti will oversee the planning and building of OpenAI's compute infrastructure. This move comes as OpenAI prepares for a large hardware rollout and significant investments.
AI Scams Increase Fake Online Car Sales in California
Artificial intelligence is causing a rise in fraudulent online car sales, with nearly 5% of transactions being scams. Andrew Arenas, an 18-year-old, was handcuffed after buying a car on Facebook Marketplace that was later reported stolen, despite having a title. Consumer advocate Rosemary Shahan warns that AI makes these scams more sophisticated, even allowing for fake car titles. California Attorney General Rob Bonta urges online marketplaces to use AI to detect and stop illegal activities. Tech companies like Meta encourage users to report suspicious behavior and offer some purchase protection.
California Fights AI Driven Online Car Scams
California is working to protect consumers from a growing number of fraudulent online car sales. Artificial intelligence has made it easier for scammers to create fake listings and trick buyers. More people are looking for used cars online, but this also increases their risk of being scammed. The state aims to find ways to combat these advanced AI-powered scams. This effort seeks to safeguard consumers from financial losses.
Dr Wallace Discusses AI Impact on Future Careers
A high school senior worries that artificial intelligence will reduce job opportunities by the time they enter the workforce. Dr. Robert Wallace acknowledges that AI will automate many simple tasks, but he believes new jobs will also emerge. He highlights three key areas where human intelligence remains superior to AI. These include creativity and imagination, complex human communication using mind and voice, and genuine empathy for others. Dr. Wallace advises students to consider these human strengths in their career planning and monitor AI developments.
AI Stock Pullback Sparks Market Concerns
Recent drops in leading artificial intelligence stocks have raised worries about the market. However, strong earnings from major tech companies, known as the Mag 7 group, are giving the rally more stability. For Q3, the Mag 7 group's earnings are expected to be up 26.7% with 17.6% higher revenues. Companies like Amazon, Microsoft, and Alphabet show strong growth in their cloud businesses. While Meta's increased spending plans caused some disappointment, investors are finding more reasons to support current stock prices as AI benefits become clearer across various sectors.
Governments Should Pilot AI for Better Services
Artificial intelligence is quickly becoming a key part of digital government tools, aiming to make services more efficient and save money. Experts at the GovAI Coalition Summit in San Jose, California, discussed starting with pilot projects. Christopher Rodriguez from Washington D.C. emphasized focusing on clear benefits like cost savings and public transparency. Nichole Sterling from Nederland, Colorado, noted that even small towns need AI to improve operations for their demanding citizens. Andrew Ngui from Kansas City, Missouri, advised identifying the most challenging tasks for AI and ensuring pilot projects are measurable.
Meta Launches GEM AI Model Boosts Ad Conversions
Meta has introduced its Generative Ads Recommendation Model, or GEM, a large AI model designed to improve ad delivery on Facebook and Instagram. Since its launch in Q2, GEM has increased ad conversions by 5% on Instagram and 3% on Facebook Feed. The model processes billions of user-ad interactions and diverse data types to optimize ad placement. Meta states GEM is the largest foundation model for recommendation systems, trained on a massive scale using thousands of GPUs. It acts as a "teacher" model, transferring knowledge to specialized ad models and showing four times greater efficiency.
Strong Earnings Now Drive AI Stock Market Rally
The stock market rally, initially boosted by artificial intelligence, is now being sustained by strong company earnings. Quincy Krosby, chief global strategist at LPL Financial, notes a shift from "AI hype to AI-enabled earnings growth." More companies are integrating AI, leading to cost savings and increased revenue. This trend is expanding beyond large tech firms to include sectors like industrials and healthcare. Stabilizing profit margins and a resilient US economy also contribute to the market's strength. Sam Stovall of CFRA Research says this earnings season provides evidence of tangible benefits from AI for many businesses.
Former Doctor Jenny Shao Launches Empathetic AI Robyn
Former physician Jenny Shao has launched Robyn, an empathetic artificial intelligence companion available on iOS. Shao created Robyn to offer emotional support, inspired by the isolation people experienced during the pandemic. Robyn is designed to help users reflect on their patterns and reconnect with themselves, but it is not a replacement for therapy or human friendships. The AI uses insights from Shao's research on human memory to better understand users. Robyn includes safety features like crisis line numbers and avoids non-personal topics. The startup has raised $5.5 million in seed funding from investors like Google Maps co-founder Lars Rasmussen.
AI Boosts Energy Grid Flexibility and Planning
Artificial intelligence is key to making energy systems more flexible and adaptable for the future. With more electric vehicles and renewable energy sources, AI can manage energy demand in real time. It interprets vast amounts of data to find solutions that unlock grid capacity, reduce emissions, and improve performance. For grid planning, AI automates connection requests for new energy sources and suggests cost-effective alternatives to infrastructure upgrades. AI also provides better forecasting, predicting energy demand and generation for both short-term operations and long-term strategic planning.
AI and Capitalism Threaten the Middle Class
The article argues that artificial intelligence and capitalism are causing the middle class to disappear. Historically, the middle class evolved from merchants to professionals and managers, known as the professional managerial class or PMC. This group, including doctors, lawyers, and bureaucrats, grew significantly after World War II to support capitalist societies and welfare states. However, corporations now find it more cost-effective to lay off managers. The author suggests that AI is automating many tasks traditionally done by the PMC, making their relevance decline.
Sources
- Intel AI Leader Sachin Katti Decamps To OpenAI
- Intel CEO to oversee its AI efforts after executive departs for OpenAI
- Intel’s AI Chief Sachin Katti Joins OpenAI to Lead Next-Gen Compute Efforts
- Intel's CTO and AI chief leaves for OpenAI after just seven months in role — follows another AI data center exec out the door, Lip Bu-Tan to take up the slack
- AI scams fuel rise in fake online car sales. How California is trying to protect consumers.
- How California is trying to protect consumers from an AI-fueled rise in fraudulent online care sales
- Will Artificial Intelligence Crush My Future Career Plans?, by Dr. Robert Wallace
- Making Sense of the Market's Tech Worries
- If AI Is Digital Govt.'s Next Chapter, Start With a Pilot
- Meta Unveils Foundational Generative Ads Model (GEM) To Deliver Ads, Claims 5% Increase In Ad Conversions
- AI fueled the stock market rally. Earnings are now giving it staying power.
- A former physician has launched Robyn, an empathetic AI companion
- How Artificial Intelligence Can Unlock the Next Level of Energy Flexibility
- AI and capitalism are killing the middle class
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