Tech Giants Bet $200B: Will AI Deliver?

What we’ll cover today:

💸 Big Tech’s Billion-Dollar AI Gamble.

🌍 Low Population = High Winners?

⏳ 80+ AI Tools to Finish Months of Work in Minutes.

🔗 The Event Roundup.

Big Tech’s Billion-Dollar AI Gamble.

Amazon, Microsoft, Meta, and Alphabet are all-in, betting AI will drive their next big profits.

Here’s the kicker:

• Wall Street wasn’t thrilled with their last AI spending spree, which showed limited results.

How are they responding?

• Amazon: Planning a record-breaking $75 billion in 2024, calling AI a “once-in-a-lifetime opportunity.”

• Meta: Doubling down on AI language models, pushing hard to make AI core to their future.

• Alphabet: Set for substantial budget increases in 2025 to strengthen AI capabilities.

The AI race has sparked a fierce scramble for resources:

• High-end chips are in demand.

• Mega data centres are in development.

• One company even reactivated a nuclear plant to keep up.

Here’s the whole article

1. Low Population = High Winners?

BlackRock CEO Larry Fink said: “The big winners are countries that have shrinking populations".

"Substituting humans for machines is going to be far easier in those countries that have declining populations." - He added.

Here’s The Video.

2. 80+ AI Tools to Finish Months of Work in Minutes.

This is a tweet from Rishabh.

With over 58.4K Twitter followers, Rishabh shares insights on AI & Tech.

In his latest tweet, he shared a list of 80+ A tools for research purposes and social media management.

Here’s The Tweet

1. AI tracker: Apple and the future of AI

Apple rolls out AI features, a de-aged Tom Hanks and more AI news this week.

“Apple Intelligence is generative AI in a way that only Apple can deliver, and we’re incredibly excited about its ability to enrich our users’ lives,” Apple CEO Tim Cook said in a blog post.

2. Chinese researchers have developed an AI model for military use.

According to three academic papers and analysts, top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model to develop an AI tool for potential military applications.

3. Disney establishes a new unit to oversee AI and XR adoption

Disney has created a dedicated emerging technologies unit, called the Office of Technology Enablement.

The new group will coordinate Disney's exploration, adoption, and use of artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) technologies.

Jamie Voris, former CTO of Disney's Studios Technology division, will lead this new unit.