10

Bill Gates says the winner of the A.I. race will be whoever creates a personal a...

 1 year ago
source link: https://finance.yahoo.com/news/bill-gates-says-winner-race-105521661.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client

Bill Gates says the winner of the A.I. race will be whoever creates a personal assistant—and it’ll spell the end for Amazon

45b1be70-f9a5-11ed-af2d-8041ba54702d
Cannot Play Video
If this error is occurring repeatedly, we may be experiencing technical difficulties. We apologize for the inconvenience. Refresh Browser
410-12
Eleanor Pringle
Tue, May 23, 2023, 7:55 PM GMT+9·4 min read

The Microsoft founder has called time on Amazon’s business as we know it—saying A.I. will make the e-commerce giant obsolete.

More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home

Billionaire philanthropist Gates added the developer destined to win the artificial intelligence race will be the one which manages to create a personal agent that can perform certain tasks to save users time.

“Whoever wins the personal agent, that’s the big thing, because you will never go to a search site again, you will never go to a productivity site, you’ll never go to Amazon again,” he explained.

This isn’t the first time that Gates has voiced his hypothesis about A.I. being used for personal agent duties.

In March, Gates theorized that services like large language models will be increasingly deployed as copilots to their human counterparts, or as he puts it: “like having a white-collar worker available to you.”

Exactly what that personal agent will do remains unclear—however, speaking on Monday during a Goldman Sachs and SV Angel event in San Francisco, Gates suggested A.I. copilots will “read the stuff you don’t have time to read” among other tasks.

The company to release such a model remains to be seen, with Gates expecting the winner to be a toss-up between an established player in Big Tech or a newcomer.

“I’d be disappointed if Microsoft didn’t come in there,” Gates said. “But I’m impressed with a couple of startups, including Inflection.”

Gates was referring to Inflection.AI—a company launched by DeepMind cofounder Mustafa Suleyman—which aims to “make personal A.I.s for every person in the world.”

Microsoft is certainly backing itself as the winner of the A.I. race, having invested $13 billion into OpenAI and integrated its newly relaunched Bing powered with ChatGPT services.

Recommended Stories
  • 8a046f80437ef32bbb264061d92dd2e3.cf.webp
    Fortune

    Companies say they want to retain caregivers—yet turn their backs on flexible, remote work

    Companies that push back on flexible work policies are in opposition to their diversity claims.

    2d ago
  • 7f62f690fd110edeb4f20fa30878d0f5.cf.webp
    Benzinga

    'The Laptop Class Is Living In La La Land': Elon Musk Blasts Remote Work. These Companies Are Set To Benefit If Workers Return To Office

    Working from home surged in popularity because of the COVID-19 pandemic and subsequent lockdowns. Although the crisis is largely in the rearview mirror, remote work continues to be popular because it offers flexibility and alleviates commuting stress. Tesla Inc. CEO Elon Musk is not a fan of the trend. “I’m a big believer that people are more productive when they are in person,” he told CNBC. And it’s about more than productivity. Musk noted that workers who make things people consume can't work

    2d ago
  • e12db3c1545cf888b5822b0ef4d5603a.cf.webp
    Fortune

    Can an A.I. algorithm spot the next Facebook or Uber? The founder of this European VC firm thinks so

    Moonfire is launching its second $115 million fund that uses an A.I. platform to vet and help human investors select its investments.

    21h ago
  • 113769750e3a3268186827fc269af326.cf.webp
    Fortune

    A.I.-fueled biotech startups are having a moment—and one just raised $300 million in a Series A

    ReNAgade Therapeutics and other early stage startups are raking in cash as science is moving at a pace that’s “unprecedented.”

    2d ago
  • c37d81083c6bb05f4cdc7d5303aa7772.cf.webp
    Barrons.com

    OpenAI Rival Anthropic Announces $450 Million Funding Round. Chatbot Claude to Be Deployed.

    While public market investors are aggressively searching for new ways to play the generative AI trend, the venture capital sector is busily creating substantial new companies in the sector, preparing for the day when the initial public offering market reopens. This morning, the AI software company Anthropic announced a $450 million Series C funding led by the venture-capital firm Spark Capital, with participation from Google, Menlo Ventures, Salesforce Ventures, Sound Ventures (actor Ashton Kutcher’s fund), Zoom Ventures, and others.

    2d ago
  • 04fb73e2ae8e57bf5ad31056377f3ad9.cf.webp
    TechCrunch

    OpenFin’s attack on the ‘toggle tax’ in financial apps secures it a $35M Series D round

    Not unlike a post-internet-era Bloomberg Terminal, OpenFin was a startup that joined the revolutionary world of user interfaces to fast-moving information back in 2010. This round was led by Bank of America with significant participation from Pivot Investment Partners and ING Ventures. Additional investors in the round include CME Ventures, CTC Venture Capital, SC Ventures and Tribeca Early Stage Partners.

    1d ago
  • 54a4923a88583aa007f05bc55e604892.cf.webp
    Bloomberg

    Axa Venture Partners to Raise €1.5 Billion Fund for Tech

    (Bloomberg) -- Axa Venture Partners announced a new €1.5 billion ($1.6 billion) late-stage fund to invest in European and North American tech startups, targeting companies that expect to go public within three to four years. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLuxury Stocks Lose $30 Billion in One Day on Demand FearsCh

    1d ago
  • 6d8e02d052e76ab7212c7849cee6ef36.cf.webp
    Bloomberg

    London-Based Startup Builder.ai Raises $250 Million

    (Bloomberg) -- Builder.ai, an artificial intelligence company based in London, has raised $250 million in a funding round led by the Qatar Investment Authority, the Gulf state’s $450 billion sovereign wealth fund.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofL

    2d ago
  • 2b66f8dba389d2714c579d79951c1f6c.cf.webp
    Bloomberg

    McCarthy Signals Debt Deal Optimism as US Put on Credit Watch

    (Bloomberg) -- House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the US was put on a ratings. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car

    48m ago
  • 9ce763c379b76ffdced5949f3a89a75c.cf.webp
    Bloomberg

    Nvidia Ignites $260 Billion AI Rally After ‘Blow-Out’ Forecast

    (Bloomberg) -- Nvidia Corp.’s forecast for surging revenue surprised even the most bullish analysts on Wall Street, propelling the chipmaker to the cusp of a $1 trillion market capitalization and igniting a global jump in stocks linked to artificial intelligence.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Pla

    2h ago
  • 74ce752606f5f9ef662bf89b968dd479.cf.webp
    TipRanks

    Wells Fargo Says Buy These 2 High-Yield Dividend Stocks — Including One With 17% Yield

    With EPS beats surpassing misses by a rather normal 4:1 ratio, 1Q23 earnings have been characterized as ‘better-than-feared.’ That said, since the Q1 earnings season began, the S&P 500’s returns have not been particularly impressive. This suggests to Wells Fargo equity analyst Christopher Harvey that rather than being boosted by earnings/fundamentals, the gains accrued so far this year have been driven mostly by ‘funding and liquidity.’ If that is indeed the case, the outlook is not promising. “

    18h ago
  • 7d055e05c38eb8d18e85cbdf5041385a.cf.webp
    Reuters

    Nvidia's results spark nearly $300 billion rally in AI stocks

    (Reuters) -Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand. Nvidia's stock zoomed as much as 28% after the bell to trade at $391.50, its highest level ever. "With all the enthusiasm around AI and the fact Nvidia delivered a huge beat for first-quarter results and second-quarter estimates, this gives some actual evidence AI is for real," said Daniel Morgan, senior portfolio manager at Synovus Trust in Atlanta.

    10h ago
  • b50a0c42d79f5b1a78560e1bff70a3ed.cf.webp
    TipRanks

    ‘Too Cheap to Ignore’: Cathie Wood Snaps Up These 2 Stocks Under $10

    Cathie Wood’s singular investing style has generated huge returns for investors of her ARK Invest ETFs during certain periods (such as during the pandemic). However, it’s a strategy that has also been responsible for racking up losses during other times, such as last year’s bear market. Wood’s preference has always been for disruptors – whether in tech, healthcare, or the auto industry – and even in difficult times, she has not deviated from that path. Whatever you make of her stock choices, Woo

    2d ago
  • 384d01fa1f5cbb030eacbb3dacb08a6a.cf.webp
    Fortune

    Wall Street could be just 2 weeks away from a giant market crash, says ‘Dr. Doom,’ who predicted the 2008 crash

    Negotiators have failed to reach a deal so far despite a “hard deadline” looming.

    18h ago
  • 477f82d0-f527-11ea-aff5-5ea05774eaae.cf.webp
    Yahoo Finance

    Nvidia Q1 earnings: AI powers beats on the top and bottom line

    Nvidia beat analysts' expectations in Q1 on the strength of its data center business.

    12h ago
  • 34f9e59aca25160af404d07d9451a711.cf.webp
    Reuters

    Ackman calls out Icahn's IEP over high premium after Hindenburg report

    The billionaire investor said in a tweet on Wednesday that he was "fascinated" by the situation between the short seller and Icahn Enterprises, while noting that the company's premium had been sustained by a large dividend yield. "The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors," Ackman said, adding the system is highly dependent on the "maintenance of the premium and the placidity of Icahn's margin lender(s)". Bill Ackman declined to comment beyond his tweet.

    10h ago
  • e46149cb3b18366c034c764bef2712d4.cf.webp
    Investor's Business Daily

    Bud Light Boycott Already Costs Anheuser-Busch $15.7 Billion

    Another group is getting burned by Anheuser-Busch's controversial Bud Light promotion and resulting boycott: Its investors.

    20h ago
  • 9037be846a34e6451f01167bb5e44b9b.cf.webp
    Quartz

    Nvidia sees “two simultaneous transitions” in tech—and investors are psyched

    With companies like Google and Microsoft racing to integrate artificial intelligence into their services, there’s already one clear winner: Nvidia, which makes the chips powering the AI boom.

    8h ago
  • 0dee8ec9f7c97a7fc65e1d732445d5f4.cf.webp
    Investor's Business Daily

    Snowflake Stock Plunges On Weak Outlook Amid Slower Cloud Computing Growth

    Snowflake earnings topped estimates but SNOW stock plunged as its product revenue outlook for the July quarter missed analyst expectations.

    11h ago
  • 4f30472b75a92f10a01da150133ecbd3.cf.webp
    Bloomberg

    Xi Remade China's Tech Industry in His Own Image With Crackdown

    (Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Cr

    9h ago

Recommend

About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK