Rise of AI - LeadStory
The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society. South Korea's data protection authority said new downloads of the Chinese AI app DeepSeek had been suspended in the country over data privacy concerns, but the same day saw shares in Tencent jump on news it was integrating the new app.
Impact on Big Tech Companies
Big tech companies are seeing a cooling in investor enthusiasm despite a significant increase in capital expenditure (CapEx) slated for this year. The sector's CapEx is expected to reach approximately $320 billion, marking a 40% increase.
Advancements in AI
CNBC's Pia Singh explains how recent advancements in Artificial Intelligence are raising expectations that humanoid robots and driverless cars could be around the corner—and why investors are still skeptical of their use cases.
AI in Social Media
A video depicting various celebrities protesting Ye, also known as Kanye West, for his antisemitic comments went viral on social media this week. However, the video is completely AI-generated.
Partnerships and Investments
Musk says he’ll withdraw his $97.4 billion bid for OpenAI if it remains as a nonprofit. Apple is partnering with Alibaba to introduce artificial intelligence features for iPhone users in China. BlackRock Fundamental Equity EMEA CIO Helen Jewell says AI opportunities are across the entire supply chain, with particular focus on the energy efficiency sector.
Global Perspectives on AI
During this week's artificial intelligence summit in Paris, arguments were made that advanced AI is critical in the world's current threat landscape. U.S. Vice President JD Vance warned against excessive regulations on artificial intelligence in Paris. Members of the global military community also discussed how recent developments are impacting ongoing conflicts.
AI Advancements
This week marks 29 years since an epic man versus machine battle, when IBM's supercomputer, Deep Blue, beat Garry Kasparov. OpenAI, renowned for its AI model ChatGPT, is reportedly progressing towards developing its own AI chips to reduce dependency.
Future of AI
As tech and world leaders meet in Paris for a major international summit about Artificial Intelligence, many people are still struggling to understand whether AI is an opportunity or a threat to humanity. Researchers have also used artificial intelligence to discover seismic signals from meteoroid impacts on Mars.
CNBC's David Faber breaks down details on Softbank's investment of $40 billion in OpenAI at a $260 billion pre-money valuation.
