AI Pulse #46: AI Models Costing $1B Train, $100B Next, Index Ventures Raises $2B Amid AI Shift, + MORE
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Latest Funding News
Issue #46 brings you some incredible updates. AI models costing $1 billion to train are on the horizon, with even bigger $100 billion models coming soon. Additionally, Index Ventures has raised $2 billion, showcasing a major shift in the AI landscape. Continue reading to learn more about these amazing developments and other exciting stories!
Top Trending AI News
1. Billion-Dollar AI Models in Development, $100 Billion Projects on Horizon
Publisher: Tom’s Hardware
Published: 7/7/2024
Anthropic CEO predicts AI training costs could rise to $100B by 2027, fueled by tech and chip advancements, marking a leap from today’s $100M.
TAKEAWAYS
1️⃣ AI training costs could hit $100 billion.
2️⃣ AI outpacing human ability by 2027.
3️⃣ AI’s gradual path to surpass humans.
4️⃣ Hardware, main cost driver in AI training.
5️⃣ Tech firms eye nuclear power for AI energy needs.
2. Nicolas Cage Voices AI Fears After Digital Scan For Spider-Man Noir Role
Publisher: Variety
Published: 7/8/2024
Nicolas Cage fears AI may use his scans for posthumous digital recreation. He’s exploring TV with a Spider-Man Noir series, valuing the depth it offers.
TAKEAWAYS
1️⃣ Nicolas Cage fears AI misuse of his scans.
2️⃣ Cage stars in Spider-Man Noir TV series.
3️⃣ Cage intrigued by TV’s storytelling depth.
4️⃣ Cage prefers roles in human dramas.
5️⃣ Cage’s next is “Longlegs,” a horror film.
3. AI Energy Use Skyrockets, Ushering in Era of Hyper-Consumption
Publisher: WIRED
Published: 7/11/2024
AI’s rampant growth fuels internet’s hyper-consumption era, straining power grids and increasing water use.
TAKEAWAYS
1️⃣ AI boosts internet’s power use.
2️⃣ Data centers cause water loss.
3️⃣ Energy needs soar in AI era.
4️⃣ AI’s carbon footprint grows.
5️⃣ Renewable energy is key for AI.
4. Gen Z Picks Tool Belts Over Degrees as Trade Benefits Outshine College Costs
Publisher: USA Today
Published: 7/11/2024
Gen Z sees skilled trades as a secure career path over college, drawn by autonomy, less debt, and lower AI disruption risks.
TAKEAWAYS
1️⃣ Gen Z sees trades as a secure career path.
2️⃣ Trade skills draw big interest on TikTok.
3️⃣ Young people favor trade careers over college.
4️⃣ Gen Z values practicality and autonomy.
5️⃣ Skilled trades offer a defense against AI.
5. AI Revolutionizes Company Culture, Driving Unmatched Business Success
Publisher: Harvard Business Review
Published: 7/9/2024
AI in HR leverages employee recognition data to transform culture analysis, improving engagement, retention, and performance insights.
TAKEAWAYS
1️⃣ Company culture boosts team performance.
2️⃣ AI reveals new data in employee recognition.
3️⃣ Recognition data aids in talent and culture management.
4️⃣ AI helps find skills and star performers in real-time.
5️⃣ Recognizing employees fuels engagement and retention.
6. Six Key Disciplines for Companies to Maximize Gen AI Benefits
Publisher: Harvard Business Review
Published: 7/8/2024
Generative AI enhances productivity in knowledge work but requires disciplines like behavior change, controlled experimentation, and data management.
TAKEAWAYS
1️⃣ Gen AI boosts productivity in knowledge work.
2️⃣ Effective gen AI use needs behavior change.
3️⃣ Controlled experiments test gen AI value.
4️⃣ Measuring business value is crucial for gen AI.
5️⃣ Data management and human development are key.
7. First Miss AI Crowned: Moroccan Lifestyle Influencer Wins
Publisher: CNN Style
Published: 7/12/2024
Kenza Layli wins Miss AI, promoting diversity in AI. Created by Myriam Bessa, Layli is an AI influencer with a large social media following.
TAKEAWAYS
1️⃣ Kenza Layli wins first Miss AI pageant.
2️⃣ AI influencer Layli promotes diversity.
3️⃣ Layli created by AI, aims for inclusivity.
4️⃣ Miss AI contestants judged on AI tool use.
5️⃣ Layli’s win highlights AI’s creative power.
8. Expert Predicts Massive Collapse In AI Industry
Publisher: Futurism
Published: 7/9/2024
Growing concerns over a potential AI bubble burst, with experts citing unproven tech and high investment risks akin to past tech busts.
TAKEAWAYS
1️⃣ AI bubble fear grows among experts.
2️⃣ “Fake it till you make it” doubted in AI.
3️⃣ Dot AI bubble likened to past tech busts.
4️⃣ AI’s reliability and energy use questioned.
5️⃣ Experts predict a tough future for AI.
9. Google DeepMind CEO Claims AI Has Only Cat-Level IQ
Publisher: Tom’s Hardware
Published: 7/9/2024
Google DeepMind CEO says AI’s IQ is like a cat’s, not yet at human level but advances rapidly with big investments, aiming for AGI to revolutionize science and daily life.
TAKEAWAYS
1️⃣ AI not yet as smart as cats, says Google DeepMind CEO.
2️⃣ AI could surpass human IQ in five years, experts believe.
3️⃣ DeepMind focuses more on general than specific AI intelligence.
4️⃣ AI’s impact to rival the Industrial Revolution, claims CEO.
5️⃣ DeepMind’s Project Astra aims for ‘universal AI agent’.
10. AI Speech Generator Hits Human Parity, Too Risky to Release, Say Scientists
Publisher: Live Science Technology
Published: 7/10/2024
Microsoft’s VALL-E 2 AI can mimic human speech convincingly but won’t be public due to misuse risks.
TAKEAWAYS
1️⃣ Microsoft creates a new AI that mimics human speech.
2️⃣ VALL-E 2 can talk just like a person using a bit of their voice.
3️⃣ This AI matches real talk in tests, a first in tech.
4️⃣ Microsoft won’t release it, fearing misuse of the tech.
5️⃣ VALL-E 2 could change learning and entertainment.
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