OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The lack of measurable impact of artificial intelligence (AI) on economic growth and development indices such as GDP, total factor productivity (TFP), and human development index (HDI) is a cause for concern. Despite significant investments in AI infrastructure and startups, the graphs show that AI spending has not significantly correlated with economic growth or productivity. This raises questions about the effectiveness of investing in AI if it does not lead to tangible improvements in these indices. The stagnation of the AI revolution, as explored by The Economist in July 2024, highlights the disconnect between AI advancements and their impact on society. AI remains a powerful technology in search of ways to enhance productivity and contribute to economic growth.In a recent podcast episode, discussions about the arrival of Artificial General Intelligence (AGI) have sparked debates. While some believe AGI is imminent and transformative, others argue that current AI models still struggle with prerequisites for AGI. Emphasizing a gradual progress towards AGI, there are concerns about the hype surrounding its arrival. A cautious approach to AI development, focusing on addressing current weaknesses and research, is recommended. The limitations of large language models (LLMs) and the risks associated with policies based on assumptions about AGI are also highlighted. A nuanced and research-focused approach to AI development is called for.Roelof Botha, managing partner of Sequoia Capital, shares insights on intention and precision in all aspects of his life and his approach to venture capital. Despite challenges in a crowded market, Sequoia's unique fund structure allows them to be long-term shareholders without constantly raising more money. Empowering his team and fostering shared success are key aspects for Botha, drawing from his experience as a rugby player and captain. Sequoia's active involvement across multiple stages and recent funding rounds for companies like Peregrine Technologies and Llamaindex demonstrate their commitment to excellence.Recent updates in the tech world include Apple's release of new iPads with upgraded features, Elon Musk's legal battle over OpenAI's restructuring, and developments in financial and AI sectors. Amazon's Agentic AI group, Google's stance on national security concerns, CrowdStrike's performance in the market, and Taipei's support for TSMC's U.S. investment are among the highlights. YouTube's restrictions on gambling content, Arm's chip designs for Malaysia, and Google's rumored AI assistant "Pixel Sense" add to the tech news landscape.The negative impact of tariffs on various industries and the economy is a growing concern, with warnings of reciprocal tariffs leading to increased costs for consumers. Detroit's big 3 automakers may face profit losses due to tariffs, causing stock prices to fall and recession risks. Companies like Target and Best Buy anticipate price increases due to tariff uncertainty, while global stagflationary effects are predicted. Technology is being used to monitor CEOs' sleep quality despite data privacy concerns. Additional updates include Reddit co-founder's interest in TikTok, Tesla's stock decline, CEO turnover records, Visa's 'tap to phone' payments focus, and diversity policies in companies.Thank you for tuning in to OWITH.ai: bringing you essential updates from the world of AI and tech.

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