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AI companies are under big pressure; it's not about worrying that one day AI will control humans, it's about the government controlling the future of AI development and limiting competition.
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AI INSIGHTS
🤖 Which Economies Are Ready for AI?
BCG is introducing a new tool called the AI Maturity Matrix to help governments manage the economic challenges and opportunities of AI, including both traditional AI and GenAI. This matrix looks at how much an economy is exposed to AI and how ready it is to handle changes caused by AI. It’s designed to guide economic leaders in adopting AI and staying competitive.
Key takeaways:
Economies in sectors like tech, retail, and finance face higher AI exposure, but all economies are affected in some way.
Some highly exposed economies aren’t prepared for AI, limiting their potential to benefit and manage associated risks.
Over 70% of economies score poorly in ecosystem participation, skills, and R&D, impacting competition, growth, investment, and jobs.
Policymakers must act to ensure their economies remain resilient and competitive in the face of AI disruption.
Why it matters: For economies at the early stages of AI adoption, the priority should be building foundational infrastructure, attracting international investment, and fostering talent. More advanced economies can focus on refining their AI strategies, exploring niche markets, and establishing clear, flexible regulatory frameworks that support experimentation and ethical development.
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TODAY IN AI
AI HIGHLIGHTS
🚀 OLMo 2 introduces 7B and 13B models, trained on 5 trillion tokens. These outperform Llama-3.1 and Qwen 2.5, offering top performance with fewer training operations, making them highly efficient.
🤖 xAI, backed by Tesla data, launches tools and a consumer app, aiming to compete with OpenAI despite tough competition.
🌍 Blockchain and decentralization will define AI's future, ensuring transparency, trust, and ethical standards as industry leaders prepare for 2025's challenges.
🚀 Andrew Ng launches aisuite, an open-source Python tool that lets you switch between different LLMs with just one line of code!
⭐ On a recent Joe Rogan Experience episode, Marc Andreessen shared that 30 tech founders were secretly debunked with no warning or recourse, highlighting growing government control. He also pointed out that the Biden administration plans to limit AI to just 2-3 companies, aiming for complete control over the industry.
DAILY AI FUNDRAISING
Cradle, a biotech AI company, raised $73M to grow its protein-design platform and lab, accelerating research and cutting costs in biotech by streamlining protein testing and development.
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AI QUICK HITS
⚖️ Texas Lawyer Fined for Using AI to Fake Court Citations (Link)
🎬 IMAX Partners with Camb.AI to Bring AI Dubbing Worldwide (Link)
🧠 AI Beats Human Experts in Predicting Neuroscience Breakthroughs (Link)
🚗 Uber Branches Out into AI Data Labeling (Link)
💥 Someone Just Tricked AI Agent Into Sending Them ETH (Link)
AI CHART
To find out which big companies like Amazon, Microsoft, Nvidia, and Salesforce invested early in some top AI startups, Sherwood looked at fundraising data from Pitchbook. This helped us see who has stakes in companies like OpenAI, Mistral AI, Perplexity, and Anthropic.
Microsoft’s $13 billion investment in OpenAI is strategic, but it also invested $16 million in Mistral AI. Microsoft sells AI computing through Azure, so it avoids over-dependence on one company.
Nvidia leads in supplying GPUs for AI models. It’s invested in OpenAI, Perplexity, and Mistral AI, balancing demand from Big Tech like Meta, Google, and Microsoft.
Alphabet (Google) is concerned about OpenAI’s entry into web searches. In response, it invested $2 billion in Anthropic.
Amazon invested $8 billion in Anthropic, making AWS its main cloud provider. Amazon has also supported OpenAI and was an early investor in Perplexity.
Databricks’s venture capital arm has invested in both Perplexity and Mistral AI.
Salesforce’s venture capital arm has invested in Anthropic and Mistral AI.
Samsung has invested in both Anthropic and Mistral AI.
SK Telecom from South Korea has invested in both Anthropic and Perplexity.
Zoom & Qualcomm’s venture capital arms have invested in Anthropic.
FTX and its co-founders, Sam Bankman-Fried and Caroline Ellison, previously invested in Anthropic, but are no longer investors.
AI JOBS
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