😱 Bill Gates Believes AI will end Amazon & Google

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AI and Machine Learning

Bill Gates reckons AI spells the end for Amazon and searching for stuff on Google (2 minute read)
During the AI Forward event in San Francisco, renowned Microsoft co-founder and philanthropist, Bill Gates, shared his insights on the transformative power of AI and its impact on our lives and economies. Gates highlighted that our future interactions with the internet will be forever changed, especially due to the emergence of personal agents. He emphasized the significance of winning the personal agent race, predicting that once this milestone is achieved, traditional search engines, productivity sites, and even popular online marketplaces like Amazon will become a thing of the past. Gates expressed his belief that this breakthrough is on the horizon, potentially driven by a startup or even Microsoft itself, which recently made a $10 billion investment in ChatGPT, an AI model.

New superbug-killing antibiotic discovered using AI (3 minute read)
Scientists have harnessed the power of AI to uncover a promising antibiotic capable of combating a dangerous superbug. Through its analytical prowess, AI swiftly sifted through an extensive pool of potential chemicals, pinpointing a select few for laboratory examination. The outcome was the development of abaucin, a potent experimental antibiotic with the potential to save lives. Further rigorous testing is necessary before its deployment, but researchers from Canada and the US assert that AI holds remarkable potential in expediting the discovery of novel drugs.

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Business

Is Nvidia Stock Just Getting Started? (2 minute read)
Nvidia (NVDA) has solidified its position as an exciting investment opportunity, riding the wave of explosive growth in generative artificial intelligence (AI). The company's stellar earnings report, fueled by the success of innovative AI tools like ChatGPT, has propelled NVDA closer to the remarkable milestone of $1 trillion in market capitalization. What's even more astonishing is that Wall Street remains bullish, anticipating further potential gains for the chipmaker driving the AI revolution. This optimism is particularly noteworthy considering that Nvidia's stock had already doubled in value year-to-date before the release of its quarterly results. The market's enthusiastic response to the company's financial figures and promising future outlook resulted in a remarkable 24% surge in Nvidia's share price in just a single day.

Cathie Wood's ARK Invest sold most of its Nvidia stake just before the chipmaker kicked off a rally that added $585 billion in market value (2 minute read)
Cathie Wood's Ark Invest may be kicking themselves now for selling nearly 1 million shares of Nvidia between October and today, as the chipmaker has experienced a massive surge of over 160% year-to-date. Nvidia's stock soared by 30% after announcing impressive guidance and benefiting from the high demand for its chipsets. Despite Ark Invest's history of owning Nvidia since 2014, they missed out on substantial gains as they gradually reduced their position, coinciding with a 52-week low in October.

TikTok is testing an in-app AI chatbot called ‘Tako’ (3 minute read)
In an unsurprising move, TikTok has joined the AI chatbot trend by testing its very own chatbot called "Tako." Currently in limited testing within select markets, Tako appears on the right-hand side of the TikTok interface, positioned above the user's profile and other interactive buttons for likes, comments, and bookmarks. By tapping on Tako, users can engage in natural language conversations and pose various questions about the video content. Additionally, Tako offers recommendations for discovering new content. For instance, while watching a video of King Charles' coronation, Tako might suggest asking, "What is the significance of King Charles III's coronation?" TikTok's playful integration of Tako aims to enhance user interactions and provide an entertaining and informative experience.

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Misc

Google launches €10M social innovation AI fund for European entrepreneurs (2 minute read)
Google has announced the launch of the second Google.org Social Innovation Fund on AI, with €10 million available to support social enterprises in Europe. The fund aims to empower entrepreneurs from underserved backgrounds to develop transformative AI solutions for the challenges they face. INCO will receive a grant to expand the Social Tides accelerator program, offering cash support of up to €232,000.

I turned my vacation photos into nightmares with Photoshop’s new generative AI tool (4 minute read)
During her Icelandic vacation, Allison decided to put Adobe's new AI-powered Generative Fill tool to the test on her photos, embarking on both legitimate editing tasks and some hilariously absurd prompts that resulted in some truly wild creations. Although Generative Fill is currently in beta, it builds upon Adobe's Firefly image generator. What's exciting is that this tool seamlessly integrates with the familiar photo editing sliders, offering a unique experience. To utilize it, users simply make a selection using tools like lasso or magic wand and then input a text prompt. The AI can remove or add elements to the photo or even extend the image, allowing for creative exploration and unexpected results.

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