Welcome to this week’s roundup of artificial intelligence news. This week was one for the books in terms of tech world development and innovation. Open AI co-founder Ilya Sutskever announced the superintelligent AI firm with hundreds of billions at stake and a safety promise, while NVIDIA dethrones Microsoft and Apple to become the most valuable company in the world. Here is all the news you need to catch up on to stay abreast of the latest in AI.
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OpenAI’s former chief scientist and co-founder Ilya Sutskever launches a superintelligent AI firm, promising safety
Former chief scientist and co-founder of OpenAI, Ilya Sutskever, has founded a new AI safety company named Safe Superintelligence Inc. (SSI). Founded by ex-Apple AI lead Daniel Gross and Google Research scientist Daniel Levy, formerly with OpenAI, SSI is pursuing the creation of a safe and capable AI approach, seeking to balance safety with advanced intelligence. SSI has “one goal and one product,” developing advanced and safe superintelligence systems, according to Sutskever. Sutskever left OpenAI—where he was one of the company’s first employees and a driving force behind its research agenda—to join Alphabet full-time earlier this year, which resulted in a contentious conflict that pitted various factions within the AI ethics community against each other.
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Microsoft and Apple fall behind NVIDIA as the world’s most valuable firm
Nvidia has taken over technology titans such as Apple and Microsoft to become the world’s most valuable company after there was an upsurge in its shares on June 19th. Nvidia’s market cap has grown by about 3.5% to $3.34 trillion. The spike is mostly from the soaring popularity of its AI-tailored chips, which has gone up 170% year-to-date. It took the company’s market capitalization 96 days to reach $3 trillion (since it hit $2 trillion) versus 945 days for Microsoft and 1,044 days for Apple, Bespoke Investment Group reported. On a closing basis, only 11 US companies have held the top spot historically.
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McDonald’s Ends IBM AI Drive-Thru Test
McDonald’s is pulling the plug on a two-year-old test with IBM to automate order-taking at drive-thru windows, aiming to remove the technology from 100 restaurants. The company said in an April blog that it sees an opportunity to “connect even more customers to voice ordering through innovative solutions developed by Capital One. All restaurants currently implementing the technology will switch off as of July 26, 2024. As for voice ordering, McDonald’s will be conducting evaluations of its plan in order to decide whether to implement a live voice ordering solution by the end of this year. Since McD Tech Labs was sold in 2021, the company has been testing voice AI for drive-thru.
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Dell, Nvidia, and SMC power Musk’s Grok AI factory
Dell Technologies and NVIDIA Corporation have combined to create an AI factory for the Elon Musk/Nick Bostron vehicle, Grok. Grok is a chatbot powered by generative AI. Super Micro Computer, a company with deep relationships with chip companies like Nvidia and advanced liquid-cooling technology, has announced that it is now xAI’s partner. Around fall 2025, the AI chatbot Grok will be sentient, and Compute’s supercomputer Gigafactory will assist Oracle with this. The Hopper architecture-based Nvidia H100 GPUs with an incredible number of 100,000 units will be consumed by supercomputing technologies, therefore making them four times bigger than the present largest GPU clusters.
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Google’s DeepMind Is Set To Transform Research into AI Powerhouse
Google DeepMind, the search and future commercial product division of the largest multinational technology company in the world, transitions from a research laboratory to an artificial intelligence product manufacturer to better position itself in this constantly changing AI industry. Google has recently rejoined its AI divisions, Google Brain and DeepMind, to concentrate on their expanding AI commercial offerings. The fierce competition from OpenAI and the dominance of the company’s leadership led to the decision to move the research lab to the Google Cloud platform. The restructuring and diversification of the workload are the new preventive measures conceived by Google in case new technologies, such as OpenAI’s ChatGPT, become a threat. Some of the people working in that industry believe that these modifications will lead to the termination of Google Search, as it is the prime money maker for the corporation.
This week’s latest AI news roundup leaves us with the impression that artificial intelligence is growing exponentially, profoundly affecting a wide range of sectors. NVIDIA’s rise through the ranks to become the firm with the highest market share proves that artificial intelligence is becoming vital in technology. McDonald’s AI partnership with IBM in the customer experience sector, demonstrates how AI continues to permeate all sectors. Be sure to mark your calendars for next week’s update, as we’ll continue to monitor the cutting-edge developments and news in the AI field.
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