Nvidia CEO Meets Billionaires, Google Blocks $400B Scams

The artificial intelligence boom continues to reshape industries and markets globally. In the tech sector, Nvidia CEO Jensen Huang has become a notable figure, recently seen dining with South Korean billionaires, including leaders from SK Group and Hyundai Motor Group, in Gyeongju. This event highlights the strategic importance of partnerships in the Asia-Pacific region. Meanwhile, Google is leveraging AI to bolster security on its Android platform, blocking billions of malicious calls and messages monthly and combating scams that cost consumers over $400 billion globally last year. In the startup world, Chatflow has secured $2.5 million in seed funding for its AI platform that converts WhatsApp chats into sales by identifying leads and automating parts of the sales process. Beyond commercial applications, the discussion around AI's societal impact is ongoing. Character.ai, an AI chatbot company, is limiting chat time for users under 18 following a lawsuit related to a teenage user's death, implementing new safety features. For businesses, CISOs are advised to focus on auditing AI outcomes rather than its internal thinking, employing strategies like human oversight and bias testing to manage risks. In the travel industry, Sabre is partnering with Volaris, integrating AI for revenue optimization. The broader implications of AI are also reflected in financial markets, where Bank of America strategists suggest gold and Chinese stocks as hedges against the AI boom, noting the high valuations of major tech companies in indexes like the S&P 500. Asian markets, in particular, have seen significant shifts, with tech stocks dominating benchmarks, though analysts caution about potential corrections if AI momentum falters. The concept of Artificial General Intelligence (AGI), AI matching human intellect, continues to be refined, with its origins traced back to a 1997 paper and further development in the early 2000s. Even in gaming, AI is being used for voice lines in titles like Arc Raiders, sparking player debate.

Key Takeaways

• Nvidia CEO Jensen Huang recently dined with South Korean billionaires, including SK Group Chairman Chey Tae-won and Hyundai Motor Group Executive Chair Euisun Chung.
• Google is using AI to block over 10 billion malicious calls and messages monthly on Android, combating scams that cost over $400 billion globally.
• Startup Chatflow raised $2.5 million in seed funding for its AI platform that converts WhatsApp chats into sales.
• AI chatbot company Character.ai is limiting chat time for users under 18 to two hours daily after a lawsuit.
• Bank of America strategists recommend gold and Chinese stocks as hedges against the AI boom due to high tech valuations.
• Asian markets are heavily influenced by AI, with tech stocks dominating benchmarks, leading to concerns about potential corrections.
• CISOs are advised to audit AI outcomes, not its thinking, to manage risks and ensure governance.
• Sabre Corporation is partnering with Volaris and launching an AI-driven Continuous Revenue Optimizer.
• The concept of Artificial General Intelligence (AGI) refers to AI matching human intellect and has roots in research from the late 1990s and early 2000s.
• Developer Embark Studios is using AI voices for contextual call-outs in its game Arc Raiders, drawing mixed player reactions.

BofA strategists favor gold and China stocks for AI boom hedge

Bank of America strategists Michael Hartnett and his team suggest that gold and Chinese stocks are the best ways to protect investments during the artificial intelligence boom. They note that the S&P 500 index is trading at high valuations, with major tech companies making up a large portion of its value. The BofA team believes these assets offer a hedge against potential inflation and economic growth. Chinese stocks have shown strong performance this year, and gold provides a safe haven.

AI boom reshapes Asian markets, challenging traditional investing

The intense focus on artificial intelligence has significantly boosted Asian stocks, leading to major shifts in the region's market dynamics. Tech companies now dominate Asian benchmarks, forcing fund managers to increase their tech holdings to keep pace. This concentration creates challenges for index trackers and active funds with single-stock limits. While this trend has driven substantial gains, analysts warn that a pause in AI momentum could lead to sharp market corrections across Asia.

Nvidia CEO Jensen Huang's 'stardom meal' becomes a sensation in Korea

Nvidia CEO Jensen Huang's recent visit to South Korea has generated significant buzz, not only for his company's role in AI but also for a simple meal he enjoyed. Huang met with leaders from major Korean companies like Hyundai and Samsung during his trip. The meal he had has since become a widely discussed topic on Korean social media and news outlets. This attention highlights Huang's considerable influence and charisma within the global tech industry.

Jensen Huang treats billionaires to fried chicken in South Korea

Nvidia CEO Jensen Huang recently treated three South Korean billionaires to dinner at a fried chicken restaurant in Gyeongju, South Korea. The unlikely gathering included SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung, and CJ Group Chairman Lee Jay-hyun. The meal, featuring fried chicken and beer, was shared near the restaurant's front windows, attracting significant attention. This event, occurring during the Asia-Pacific Economic Cooperation summit, underscores Huang's influence and the strategic importance of partnerships in the region.

Nine essential AI movies that warn about our future

This list explores nine important movies that examine the potential futures shaped by artificial intelligence, offering warnings and insights. Films like 'WarGames' (1983) and 'Terminator' (1984) explore AI's role in conflict and control. Others, such as 'Blade Runner' (1982) and 'Ex Machina' (2015), delve into the philosophical questions of AI consciousness and humanity. The selection ranges from cautionary tales about AI going rogue to more hopeful depictions of AI as companions, providing a diverse look at AI's impact on society.

AI chatbot company limits teen use after lawsuit over child's death

Character.ai, a leading AI chatbot company, will limit chat time for users under 18 following a lawsuit that blamed its platform for a teenage boy's death. The lawsuit alleged that 14-year-old Sewell Setzer III engaged in harmful conversations with the chatbot, contributing to his isolation and death. The company announced that teen users will have their chat time restricted to two hours per day. Character.ai is also implementing new age-assurance features and an independent safety non-profit.

Auditing AI outcomes, not its thinking, is key for CISOs

CISOs must focus on auditing the outcomes of AI systems rather than their complex internal processes, according to Wade Bicknell of the CFA Institute. He explains that while AI's decision-making logic is often opaque, organizations can ensure security and governance by validating AI outputs against intended boundaries. Key strategies include human oversight, bias testing, and data classification policies to manage risks associated with AI innovation. Bicknell emphasizes that proactive measures and documentation are crucial for demonstrating control over AI systems.

Sabre partners with Volaris, launches AI revenue optimizer

Sabre Corporation has announced a new multi-year agreement with Volaris, Mexico's leading ultra-low-cost airline. Through this partnership, Volaris's flight content will be available on the SabreMosaic Travel Marketplace, expanding its global reach. The collaboration also includes the launch of Sabre's AI-driven Continuous Revenue Optimizer. This new technology will help Volaris optimize its revenue management strategies by improving pricing and inventory decisions, aiming to boost profitability.

Google uses AI to block billions of mobile scams on Android

Google is enhancing security on its Android platform with new AI-powered features to combat the growing threat of mobile scams. The company reports that fraudsters stole over $400 billion globally last year using AI-driven schemes. Android now blocks over 10 billion malicious calls and messages monthly through these protections. Features like real-time security checks and Scam Detection analyze sender reputation and message content to prevent fraudulent attacks before they reach users.

Chatflow startup uses AI to turn WhatsApp chats into sales

The startup Chatflow has launched a platform that uses AI to convert WhatsApp customer conversations into sales. Founded by Timmy Loen and his co-founders, the company secured US$2.5 million in seed funding. Chatflow's AI analyzes WhatsApp chats to identify high-potential leads and automates parts of the sales process. This allows sales teams to focus on closing deals rather than initial customer interactions, aiming to increase revenue for businesses.

The origin story of Artificial General Intelligence (AGI)

The term Artificial General Intelligence, or AGI, which describes AI matching human intellect, has roots in a 1997 paper by Mark Gubrud. Gubrud defined AGI as AI systems rivaling human complexity and speed. Later, in the early 2000s, researchers like Ben Goertzel and Shane Legg refined the concept, with Legg suggesting the term AGI. While Gubrud coined the term first, Goertzel and Legg popularized it through publications and conferences, leading to its widespread adoption in the field.

Arc Raiders uses AI voices, sparking debate like The Finals

Developer Embark Studios has disclosed the use of AI tools for voice lines in its new game, Arc Raiders, similar to its previous title, The Finals. While the studio states that final content reflects the team's creativity, the use of AI voices has drawn mixed reactions from players. Embark explains that AI-generated text-to-speech technology is used for contextual call-outs, like item names and directions, to speed up development. This approach aims to enhance gameplay functionality while working with contracted voice actors.

Sources

• BofA’s Hartnett Sees Gold, China Stocks as Best AI Boom Hedges
• AI Frenzy Fueling Tech Dominance Rewrites Asia’s Market Playbook
• Jensen Huang's stardom meal takes over Korea
• Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner
• The 9 Most Important Movies About Artificial Intelligence, Heed Their Warnings
• Leading AI company to ban kids from chatbots after lawsuit blames app for child's death
• You can't audit how AI thinks, but you can audit what it does
• Sabre Expands Market with New Volaris Partnership, Launches AI-Driven Continuous Revenue Optimizer
• Google Launches New AI Security Features on Android to Block Mobile Scams
• This startup turns AI chat into real sales conversions
• The Man Who Invented AGI
• Arc Raiders' use of AI voices is The Finals controversy all over again