🔥 AI Investment Roundup: OpenAI, SoftBank, Robotics What is happening in AI investments right now? Let’s dive in 👇 #AI #investments #openai #robotics
The global #AIdevelopment scene has evolved with strategic collusion between #techcompanies, #governments, and #researchlabs, often overshadowed by corporate interests and strategic geopolitical movements. #ElonMusk, #JeffBezos, and #SundarPichai, along with prominent organizations such as #OpenAI, #Google, #Amazon, and #Microsoft, play pivotal roles in shaping the future of AI, often with deep connections to government entities and defense contractors. #AIresearch, funded by government contracts, is a driving force behind the technology’s rapid advancements. The #Pentagon’s AI Next campaign and partnerships with companies like #Raytheon and #NorthropGrumman are evidence of the intertwining of military needs and AI #developmentnitiatives like the European Union’s AI Act, while appearing to regulate, may also further entrench the control of AI in the hands of the powerful. hidden realities of the corporate-gov symbiosis extend to initiatives like the #CIA’s venture capital arm, InQTel, which has backed companies advancing surveillance technologies. At the same time, projects like the creation of facial recognition technology by #Palantir, backed by bigtech and gov contracts, #raiseconcerns about privacy and civil liberties.
AI investment is booming, but the real impact will come from how we apply it. The focus now should be on ethical, scalable, and human-centred innovation.
There are also some critical considerations around the EU AI Act. For example, Article 53 requires a sufficiently detailed summary of the training data used to train general-purpose AI models, such as DeepSeek. To my knowledge, this hasn’t been released. This may be an issue like one of them. Draw up and keep up-to-date the technical documentation of the model, including its training and testing process and the results of its evaluation, which shall contain, at a minimum, the information set out in Annex XI for the purpose of providing it, upon request, to the AI Office and the national competent authorities.
I've known about AI long before most of you. I know about the daily investments that are made in AI in future projects that will never come to fruition, they are developed because they are inefficient. I know about the investment of 500 billion in OpenAi and Softbank, a bank that has had billion-dollar losses in four consecutive years is not a bank to invest 500 billion in four years. Here are three pieces of news that you overlook in recognizing the economic disaster that Stargate can have. https://www.cnbc.com/2024/08/05/softbank-shares-tank-near-19percent-wiping-off-4point6-billion-from-sons-fortune.html https://www.forbes.com/sites/noahkirsch/2019/11/07/from-steve-jobs-to-masayoshi-son-apples-ties-to-money-losing-softbank-run-deep/ https://www.forbes.com/sites/jackkelly/2019/11/06/softbank-reported-a-huge-loss-of-89-billion-from-wework-and-uberthis-may-not-bode-well-for-employees/
An investment news roundup without a mention of DeepSeek or Alibaba?
AI investments are heating up with significant moves from major players.
“recently trained a model with OpenAI to convert regular cells into stem cells.” Say what?
Then the Chinese come in and turn the tables.
Exciting