Hey everyone, have you caught up on today’s AI news? The AI industry is set to skyrocket, with projections showing it could grow from $407 billion by 2027 to an incredible $1.85 trillion by 2030! While this will undoubtedly boost productivity and economic growth, it’s also a bit concerning as it might displace 400 million jobs. However, the bright side is that it could create 97 million new roles.
Microsoft is rolling out some cool updates to Azure AI, including serverless fine-tuning for Phi-3 models and integrating new generative AI models from OpenAI, Meta, and Mistral. These updates will make it easier and more cost-effective for developers to customize and scale AI applications.
Meanwhile, the tech giants Meta, Alphabet, and Tesla are fiercely competing in the AI chip space. Meta alone plans to deploy 350,000 Nvidia H100 GPUs this year—talk about intense competition to advance AI infrastructure!
OpenAI is testing a new real-time search feature in ChatGPT that’s challenging Google’s search dominance. This tool aims to make web searches more conversational and user-friendly, but it also raises some concerns about energy consumption and the impact on news companies.
Meta has expanded its AI assistant, Meta AI, which now supports Hindi and six other languages, including French and German. It’s available on WhatsApp, Instagram, Messenger, and Facebook, and they’ve also launched the Llama 3.1 AI model.
Lastly, X has updated its Grok AI chatbot, making it more interactive and personalized, and Thoughtful AI has introduced AI agents for healthcare revenue cycle management, backed by $20 million in new funding.
Exciting times in the AI world, right? Can't wait to see how these developments shape the future!
