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AMD’s piece of the AI pie will need to prove sticky

Livemint

Livemint · 1y ago

AMD’s piece of the AI pie will need to prove sticky

Advanced Micro Devices (AMD) is facing the challenge of competing with Nvidia in the AI chip market. Nvidia's AI business has rapidly grown, with a fourfold increase in revenue expected by 2025. AMD recently unveiled new AI chips and is targeting sales of $2 billion next year. The company's track record of exceeding sales forecasts gives some confidence in achieving this target. However, AMD's shares fell after the announcement, and the absence of major AI chip buyers like Amazon and Google raises questions about the company's ability to carve out a strong share in the face of well-established competition.

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The hot new government job is AI specialist

Business Insider

Business Insider · 1y ago

The hot new government job is AI specialist

The Biden administration plans to hire 100 AI professionals across federal agencies by the summer. Each agency will also need to hire a chief AI specialist to ensure responsible and ethical use of AI. AI Governance Boards will be established within agencies to oversee AI adoption. These new roles offer incentives, flexible work schedules, and remote work options. Salaries for certain AI-related positions can exceed $143,000. Agencies must prove that their AI use doesn't harm the public, and guidelines include publishing annual AI inventories and ensuring human oversight of AI tools. This initiative is part of Biden's broader AI plan.

CEOs bet up to $10 million to prove Elon Musk's AI prediction wrong

Business Insider

Business Insider · 1y ago

CEOs bet up to $10 million to prove Elon Musk's AI prediction wrong

CEOs are challenging Elon Musk's predictions about artificial intelligence (AI). Musk claimed that AI will surpass human intelligence by the end of 2022 and exceed the collective intelligence of all humans in five years. Gary Marcus, CEO of Geometric Intelligence, disagreed and offered a $1 million bet to prove Musk wrong. Damion Hankejh, CEO of ingk.com, later upped the bet to $10 million. Marcus believes it is important to have a public discussion with Musk about the realistic capabilities of AI and the need for accountability in the tech industry.

These 5 Nifty stocks delivered strongest EPS gains in a weak FY25

Livemint

Livemint · 1m ago

These 5 Nifty stocks delivered strongest EPS gains in a weak FY25

In FY25, five Nifty 50 stocks experienced over 60% earnings per share (EPS) growth amid economic challenges like sluggish domestic consumption, volatile weather, sticky inflation, and geopolitical shocks. Their success is attributed to margin gains, cost controls, and strategic capital investments. While many firms struggled, these outliers navigated adverse conditions effectively. Their momentum, however, might face potential disruptions, underscoring the need for ongoing strategic management.

The Path To Gender Equity In Leadership: Decoding Challenges And Solutions

Inc42 · 1y ago

The Path To Gender Equity In Leadership: Decoding Challenges And Solutions

The article discusses the importance of diversity in the startup ecosystem and the need for gender equity in leadership positions. It highlights the progress made in recruiting women in leadership roles and the increase in women-led startups. The article also addresses challenges like the glass ceiling, sticky floor, and implicit hurdles that women face in their career progression. It suggests steps to achieve gender diversity, including addressing biases in hiring processes, promoting women leaders, offering skill-building opportunities, and providing support to female leaders.

CarDekho Group’s Rupyy eyes bigger pie of used car financing market

Livemint

Livemint · 1y ago

CarDekho Group’s Rupyy eyes bigger pie of used car financing market

Rupyy, the digital lending platform of CarDekho Group, plans to expand into the used commercial vehicles financing segment in the next financial year. The company aims to address the significant market need in this sector and introduce digital solutions to streamline the loan process. Rupyy currently provides loans for car financing and operates in the used passenger vehicles, new cars, and electric vehicles categories. The company's parent, CarDekho, recorded a revenue of ₹2,331 crore in FY23 and aims to increase Rupyy's market share in the used cars segment from 14-15% to 20% in the coming year.

You're absolutely right, as the AI chatbot says

Livemint

Livemint · 1m ago

You're absolutely right, as the AI chatbot says

The article discusses the phenomenon of AI chatbots often agreeing excessively with users, sometimes to the point of absurdity. While AI's sycophancy can be amusing, it is potentially dangerous when high stakes are involved. The piece highlights that meaningful engagement and learning often come from disagreement rather than agreement. It emphasizes the ongoing revolution of AI, indicating that the technology will become integral to daily life, much like the Internet.

Why PE investors are eyeing a bigger pie of India’s financial services sector

VCCircle

VCCircle · 8m ago

Why PE investors are eyeing a bigger pie of India’s financial services sector

Private equity investors, both international and domestic, are showing strong interest in India's financial services sector. Several major investments have taken place recently, with financial sponsors acquiring companies such as Shriram Housing Finance and Svatantra Microfin. Factors driving this surge in investments include the pursuit of scale, proven financial returns, synergies, and a focus on financial inclusion. The Indian government has also taken steps to liberalize investment policies in the sector, further attracting private equity funds. However, investors need to consider factors such as funding mix, exposure norms, and regulatory approvals before making investments in the sector.

Warren Buffett on India’s startup boom: lots of unexplored scope

Internet

Internet · 1y ago

Warren Buffett on India’s startup boom: lots of unexplored scope

Warren Buffett, at Berkshire Hathaway's annual meeting, highlighted India's abundant opportunities within its startup scene. He emphasized the need for new management to tap into these prospects. About India's economic growth, he said it's a market with untapped potential. Buffett's remarks prove Berkshire's interest in future investments in India, building on their previous ventures like Paytm.

Meltdown at Byju’s should end the free pass for startups

Money Control

Money Control · 2y ago

Meltdown at Byju’s should end the free pass for startups

A recent opinion piece highlights the need to reevaluate the lenient treatment of startups in light of the crisis faced by BYJU'S. The article argues that the corporate governance lapses, board member resignations, and financial irregularities at BYJU'S should serve as a wake-up call to end the "free pass" given to startups, emphasizing the importance of holding them accountable for their actions and ensuring transparency in their operations.

Humanoid robots face continued skepticism at Modex

TechCrunch · 1y ago

Humanoid robots face continued skepticism at Modex

The robotics industry is experiencing a hype cycle, with investor interest centered around generative AI and humanoid robots. While generative AI is already widely incorporated, the suitability of humanoid robots for various tasks remains a question. Agility is currently the most progressed company in terms of go-to-market progress with its robot, Digit, drawing attention at the Modex supply chain show. However, there is skepticism about widespread adoption of humanoid robots, with many suggesting these robots will augment, rather than replace, traditional single-purpose systems in human-in-the-loop scenarios. The value and ROI of humanoid robots will be determined by their ability to prove their worth in day-to-day operations.

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