Cutting through the Noise: OWITH.ai Delivers Essential Updates in AI and Tech World

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. Thomas Wolf, the cofounder and chief scientific officer at Hugging Face, highlights the benefits of open-source AI models over risks. He believes smaller AI models can perform as well as larger ones, democratizing AI and giving businesses more control. Despite security risks, Wolf argues that open-source models can be more secure in the long run. Recent AI developments include Meta's movie generation AI model and Amazon's generative AI coach for employees. OpenAI is transitioning to Oracle for data center needs, and researchers are finding effective ways to generate multimodal data. Other news involves Hershey's tech transformation, Kiva AI's crypto payments, and Medtronic's push for AI integration. Ivanka Trump's social media post on AGI development sparks speculation about a potential national effort led by the U.S. government.Alfred Lin, an investor at Sequoia Capital, emphasizes spotting outlier founders with unique traits suited to solving market problems. Recent venture deals and private equity transactions show ongoing activity in the investment landscape. Renovus Capital Partners acquired a majority stake in Angeion Group, while VSS Capital Partners acquired Treya Partners. Blue Owl Capital agreed to acquire IPI Partners, and Apollo Global Management agreed to acquire Barnes Group. Upstream Bio and Ceribell are planning to raise funds on the Nasdaq. Shore Capital Partners raised $1.9 billion for various funds focused on lower middle market companies in different sectors.Epic Games won a lawsuit against Google, leading to easier app downloads on Android devices in the U.S. The Johor region in Malaysia is becoming a data center hotspot due to AI technology demand. Police misuse of facial recognition technology has led to wrongful arrests, particularly affecting people of color. Other news includes a cyberattack from Ukraine targeting a Russian news network and Samsung challenging Taiwan Semiconductor Co. in chip-making despite financial losses. The text also mentions "scale insurgent" unicorns and various other tech stories.Goldman Sachs analysts predict a 10% growth in the S&P 500 over the next year, while activist investor Starboard Value takes a $1 billion stake in Pfizer. Fortune releases its 2024 Most Powerful Women Asia list, with Grace Wang ranked number one. Deepfakes are highlighted as a growing concern in digital fraud, with protective measures discussed. Updates on Wall Street, the economy, and international markets are also featured.The top picks of the week include a meta movie generator, the best AI video model, uncharted territory in math, AI fighting AI, Meta's Orion glasses, and a special notebook chapter. Paid subscribers get exclusive content like a weekly review column and long-form essays.Ubisoft is exploring going private as Meta introduces a new tool for short video clips. Texas sues TikTok for allegedly misusing young users' data as Google refuses to pay New Zealand news publishers for content. Max Schrems scores an EU court ruling against Meta's data use for targeted advertising. Apple Intelligence launches on October 28 with other news on cyberattacks and tech changes.The Fortune COO Summit focuses on the resurgence of the COO role in organizations with discussions and workshops featuring CEOs who held the COO role previously. The Supreme Court starts a new term amid a leadership crisis ruling on cases involving tech companies like Meta and Nvidia.Generative AI's potential impact on misinformation in democracy is discussed highlighting fears of dangerous misinformation creation during elections. Research suggests modest effects so far with ongoing need for monitoring AI's

Thanks for listening! Follow us on Twitter, Instagram and Linkedin