AI
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Nomagic’s new AI lab headed by former Google DeepMind researcher claims success in early deployment of ‘AI brain’ for warehouse robots
“Embodied AI” and “physical intelligence” are all the rage with Silicon Valley investors these days. The idea is that AI’s next frontier will be systems that don’t just use software but can take action in the real world through robotic devices, from self-driving cars to humanoid robots. Many startups are chasing AI models that can…
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AI’s productivity gains are years away, but if it doesn’t deliver, it could make unsustainable debt levels even worse, Deutsche Bank economist says
Economists are waiting for data to indicate AI has delivered on its promises of productivity gains, but that moment is likely years away, according to Jim Reid, Deutsche Bank Research Institute global head of macro and thematic research. Reid predicted that AI would, indeed, create new jobs and increase workplace efficiency, but said people are…
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Cognition CEO says tech companies got ‘carried away’ with token leaderboards and should measure employees on output instead
The trend of tokenmaxxing has gone too far. That’s at least according to Cognition CEO Scott Wu, who argues that as companies scramble to rein in AI spending, they should focus on employee productivity instead of AI use. In an episode of the “Founders” podcast with David Senra, Wu said that as companies are shelling…
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SK Hynix—which supplies memory chips to Nvidia—is about to test Wall Street’s appetite for the next wave of tech IPOs
Good morning. Another major AI supply-chain company is launching a U.S. listing. South Korean memory-chip maker SK Hynix, a key Nvidia supplier, is expected to begin trading on the Nasdaq this Friday. This follows Elon Musk’s SpaceX, which went public on June 12, listing on the Nasdaq Global Select Market under the ticker SPCX. The…
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Microsoft’s Frontier push aims to turn AI spending into measurable returns
Good morning. Microsoft is making a $2.5 billion investment in Microsoft Frontier Company, a new operating business focused on delivering AI-driven business transformation for customers. The move reflects the tech giant’s belief that solving enterprise AI’s ROI challenge will be the key driver of the next wave of enterprise AI adoption and spending. With 6,000…
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Top economist says AI just hasn’t delivered on the productivity hype—and it means a ‘painful repricing’ of markets is very possible
The clock is ticking on AI to deliver on its promises of transformed workplace and economic productivity, and if lags in returns on investment continue, the markets are in for a rude awakening, according to one top economist. Torsten Slok, the influential chief economist for Apollo Global Management, argued in a recent blog post that…
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After a nearly 800% explosion, this AI supplier is about to make its U.S. debut and could signal if the market can still boom—or is headed for a bust
South Korean chipmaker SK Hynix isn’t one of the Magnificent 7 stocks but is in a class of its own after pulling off a stunning rally on the back of the AI boom, and it’s about to land on U.S. markets. Shares will list on the Nasdaq and are expected to start trading on Friday,…
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The CEO who vowed to ‘fire anyone who doesn’t use AI’ admits that the technology can’t replace her executive assistant as the role evolves
With their numbers already in decline, secretaries and administrative assistants face another growing threat: artificial intelligence tools like ChatGPT and Claude that can accomplish aspects of their workload with a tap. Employment projection data offers a grim outlook for the women-dominated profession that may be particularly vulnerable to AI-induced job displacement compared to the broader…
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Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI
If Kevin O’Leary, 71, had to do it all over again at 25, he said he’d focus on two key areas in the tech industry to make it big. The Shark Tank star and chairman of O’Leary Ventures said in a video earlier this year that if he were a 20-something again, he would focus…
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The CEO using AI to double revenue with 1,000 fewer hires: ‘Nobody’s going to replace the last mile’
In a $500 billion industry still dominated by clipboards and subcontractors, the most aggressive AI deployment isn’t happening in software or finance. It’s happening inside a central Pennsylvania company that helps you remodel your bathroom from your couch — and its founder is the first to admit the technology still thinks his EBITDA is measured…