Ethan B. Holland

Over 50,200 manually organized AI links and counting

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Business and Enterprise AI News: Week Ending 07/26/2024

July 26, 2024

a llama standing next to a business. large text label reads “Business” –chaos 20 –ar 4:3 –style raw –personalize ytt1577 –v 6.1

Bhutan’s first AI startup is seven college kids in a dorm – Rest of World

https://restofworld.org/2024/bhutan-first-ai-startup

“Such a great story on @restofworld: Bhutan’s AI pioneers defy odds! 🇧🇹💻 NoMindBhutan, the country’s 1st AI startup, run by 7 college students: – Chatbots national bank & airline – Thriving despite no access to major cloud servers or international payments platforms” / X

https://twitter.com/fdaudens/status/1815377009993797982

The AI job interviewer will see you now – Rest of World

https://restofworld.org/2024/ai-interview-software-hiring-practices

“Your 9-to-5 job is dying. By 2034, it’ll be extinct. That’s Reid Hoffman’s latest prediction – the founder of LinkedIn who predicted the rise of social media in 1997. Here’s what he said next:

https://twitter.com/nealtaparia/status/1816133139707945268

Small Teams, Big Impact: How AI Is Reshuffling The Future Of Work?

https://amritaroy.substack.com/p/small-teams-big-impact-how-ai-is

“Nvidia will be selling at least $200B worth of b200s in 2025 Can somebody tell me where the revenue will come from? @_xjdr @teortaxesTex @doomslide” / X

https://twitter.com/angelusm0rt1s/status/1816333279374762358

FTC is investigating how companies are using AI to base pricing on consumer behavior | TechCrunch

FTC is investigating how companies are using AI to base pricing on consumer behavior

“MAS will commit an additional S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support financial institutions in building capabilities in #Quantum and #ArtificialIntelligence technologies. More here:

https://twitter.com/MAS_sg/status/1813856070017917365

OpenAI bleeding money: OpenAI faces potential $5 billion loss this year and may run out of cash in 12 months – Tech Startups

OpenAI bleeding money: OpenAI faces potential $5 billion loss this year and may run out of cash in 12 months

“Microsoft researchers just published new research introducing ‘SpreadsheetLLM’ and ‘SheetCompressor’ It encodes spreadsheet data into a format that can be used by LLMs to process and understand spreadsheets better

https://twitter.com/adcock_brett/status/1815055097123987721

OpenAI training and inference costs could reach $7bn for 2024, AI startup set to lose $5bn – report – DCD

https://www.datacenterdynamics.com/en/news/openai-training-and-inference-costs-could-reach-7bn-for-2024-ai-startup-set-to-lose-5bn-report

“SCOOP: OpenAI may lose $5B this year & may run out of cash in 12 months, unless they raise more $, per analysis @theinformation. Investors should ask: What is their moat? Unique tech? What is their route in profitability when Meta is giving away similar tech for free? Do they

https://twitter.com/GaryMarcus/status/1816116071226868085

“New: OpenAI is on track to lose $5 billion this year, we estimate based on internal financial data and sources. OpenAI expects to spend around $4b on Azure bills for running ChatGPT and other inferencing, while training costs could exceed $3b. Details:

https://twitter.com/aaronpholmes/status/1816102562031927298

Why OpenAI Could Lose $5 Billion This Year — The Information

https://www.theinformation.com/articles/why-openai-could-lose-5-billion-this-year

“GPT5 is going to be college graduates too cheap to meter… That’s going to be painful for a lot of people next year” / X

https://twitter.com/8teAPi/status/1816552624180851019

Harvey Raises Series C from Google Ventures, OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angelhttps://www.harvey.ai/blog/harvey-raises-series-c

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Be Sure To Read This Week’s Main Post:

This week’s executive overview and top links are here:

AI News #43: Week Ending 07/26/2024 with Executive Summary and Top 97 Links

The post you just read is an deep dive extension of my weekly newsletter, This Week In AI, an executive summary of the top things to know in AI. Each week, I create an accessible overview for laypeople to feel confident they are conversant with the week’s AI developments. I include a curated list of must-click links of the week, to offer everyone a hands-on opportunity to explore the most intriguing updates in artificial intelligence across various categories, including robotics, imagery, video, AR/VR, science, ethics, and more. Beyond the overview, I post these topic-based deeper dives (below). If you haven’t read this week’s overview, I recommend starting there.

Credits/Sources

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Most of these weekly links come from just a few prolific oversharing sources. Please follow them, as they work hard to find the news each week and they make it a lot easier for me to compile.