China Beating the US in AI? 🤖

What we’ll cover today:

🤖 China Beating the US in AI? 

🚀 Elon Musk's 80/20 AI Prediction for Humanity

💸 Andrew's Take on AI Costs

🔗 3 Quick links on market trends

China Beating the US in AI?

The race for AI dominance is heating up.

At the G7 summit, the U.S. made moves to slow China’s progress in tech.

But is America’s lead in AI really secure?

Silicon Valley is the heart of innovation, giving the U.S. an edge.

Meanwhile, China’s massive population and access to data could help it catch up.

Here’s what’s happening:

• U.S. restrictions on key AI chips, like Nvidia’s, are hurting China’s advancement, especially in military tech.

• China’s response: Billions of dollars in government investment are pushing the nation to close the gap.

• Challenges: China faces hardware shortages and a restricted, censored research environment that may limit innovation.

This AI race could decide who shapes the future of technology.

Here’s the whole article

1. Elon Musk's 80/20 AI Prediction for Humanity

The Tesla CEO appeared on the "All In" podcast where he spoke about the future of humanoid robots and AI tools. Musk said it's more likely to have a positive effect on the world — but there's still a 20% risk of "human annihilation."

He added that there was about an 80% chance of that future coming to fruition as the tech industry attempts to integrate AI into our daily lives.

Here’s the podcast

2. Andrew's Take on AI Costs

Andrew Ng posted on the sharp drop in GPT-4 token prices due to competition and hardware innovations. 

It advises AI developers to focus on building useful applications rather than optimizing costs, as token prices will keep falling. 

Lower costs will make even complex AI workloads more economical in the future.

Here’s the whole tweet

1. Google is using AI to make fake podcasts

Google’s NotebookLM now creates AI-generated podcasts, with two AI hosts summarizing and discussing your research. This new feature offers an audio version of its AI-powered note-taking tools.

2. Klarna Cuts Workforce, Drops Salesforce and Workday Amid AI Shift

Fintech giant, Klarna CEO Sebastian Siemiatkowski announced that the company will end its service provider relationships with Salesforce and Workday as part of a major internal overhaul driven by AI initiatives.

3. OpenAI’s new AI model ‘Strawberry’ to launch in two weeks

OpenAI is set to launch Strawberry, a reasoning-focused AI, within two weeks as part of ChatGPT. Unlike traditional chatbots, it processes information before responding. The initial version will only handle text.