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Pymnts
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This Week in AI: Tariffs Hit AI, Tech Giants’ Antitrust Woes and a More Adept ChatGPT
- Tariffs on AI hardware create uncertainty for the industry, potentially disrupting AI development.
- The Federal Trade Commission's anticompetition trial against Meta (formerly Facebook) begins.
- A court rules that Google broke the law to dominate the online advertising technology market.
- OpenAI unveils smarter AI models to power ChatGPT, including the ability to incorporate images into reasoning.
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Pymnts
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Johnson & Johnson: 15% of AI Use Cases Deliver 80% of Value
- Johnson & Johnson found that 10% to 15% of AI use cases deliver 80% of the value.
- The company is focusing on the highest-value projects and cutting the rest.
- The use cases delivering the most value include a generative AI copilot and an internal chatbot.
- Johnson & Johnson is also developing AI tools for drug discovery and supply chain risk mitigation.
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Medium
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The Handshake That Shaped the Future of Gaming
- In the late ’80s, a young Sony engineer named Ken Kutaragi collaborated with Nintendo to develop the SNES's sound chip.
- This collaboration laid the groundwork for the Sony PlayStation, a hybrid console that used high capacity CD-ROMs.
- While Sony was unveiling the Play Station at CES 1991, Nintendo signed a secret deal with Philips, betraying Sony.
- Nintendo's decision to break the handshake and stick with cartridges for the Nintendo 64 while Sony embraced CD-ROMs led to Sony dominating the console market with the PlayStation.
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Silicon
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AMD Warns Of $800m Charge From US Chip Restrictions On China
- Advanced Micro Devices (AMD) expects to incur charges of up to $800 million for exporting its MI308 products to China and other countries, following the US tightening chip export controls.
- The export control requires a special license for selling certain semiconductor products in China, and AMD plans to apply for licenses, but there is no guarantee of approval.
- This move comes after Nvidia also warned of $5.5 billion charges due to limitations on exporting its H20 AI chip to China.
- Chinese companies are increasingly seeking alternatives to Western chip firms like Nvidia, with AMD being one of the companies that builds hardware for AI applications.
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Nonprofithub
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[PODCAST] Web Presence with Purpose: Making Your Digital Footprint Count for Donors – Jay Owen
- Nonprofit organizations often waste time and resources on ineffective digital strategies, missing opportunities to connect with donors and drive meaningful action.
- Prioritizing clear messaging over aesthetics is key, as words are what sell for nonprofits.
- Nonprofit websites should speak directly to their primary audience, avoiding clutter and confusion caused by too many competing calls to action.
- Improving messaging fundamentals is crucial for transforming how nonprofits think about their online presence.
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Medium
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Mastering the Art of Prompt Engineering: The Key to Unlocking AI’s Full Potential
- Prompt engineering has emerged as a valuable skill in the field of artificial intelligence.
- Crafting effective prompts is essential for obtaining exceptional results from AI systems.
- Well-structured prompts increase productivity, improve output quality, optimize AI costs, and enable delegation.
- Being clear, providing examples, iterating, and thinking like a teacher are important aspects of prompt engineering.
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Pymnts
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Tech Redefines Finance This Week in B2B
- Many businesses’ back offices and finance teams are becoming a key source of truth, driven by the accelerated adoption of digital tools and heightened expectations for seamless experiences, companies are rethinking how money moves across global borders and internal departments, and what that means for their own growth.
- Digitization is no longer optional, companies are embracing a digital-first mindset across the board to enhance customer experience, improve operational efficiency, and future-proof against risk.
- Payments innovation is proving to be a mirror and map for the future of finance, indicating the pace of digital transformation in the corporate treasury landscape and the increasing influence of digital transformation and embedded finance.
- Innovation in B2B payments and procurement is revealing the inefficiencies of legacy systems, with AI-native enterprise procurement, flexible payment methods, and embedded finance reshaping the industry landscape.
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Silicon
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Nvidia CEO Jensen Huang Makes Surprise Visit To China
- Nvidia CEO Jensen Huang made a surprise visit to Beijing, China.
- Despite the US export restrictions, Huang emphasized the importance of the Chinese market for Nvidia.
- China welcomes more US companies, including Nvidia, to explore the Chinese market.
- Nvidia's visit to China comes after the company warned of charges due to the limited export of its H20 AI chip.
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Pymnts
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How to Manage Risks When Employees Use AI Secretly for Work
- Employees using AI tools without company approval could introduce risks into the enterprise, say MIT researchers.
- 16% of employees in large organizations were already using AI tools last year, expected to rise to 72% by 2027.
- Separation of GenAI tools for individual productivity and company-wide AI deployment is crucial, MIT researchers advise.
- Establishing clear guidelines, investing in employee AI skills, and providing approved AI tools are key to managing BYOAI risks.
- Training employees in 'AI direction and evaluation skills' is essential for effective AI tool utilization.
- Organizations like Zoetis use initiatives like AI practice sessions to enhance employee AI skills.
- Implementing a 'GenAI app store' to provide approved AI tools helps manage costs and track tool usage effectively.
- Establishing a center of excellence can help coordinate AI efforts across departments within organizations.
- The goal of AI utilization in organizations should be to create value and impact books positively, MIT researchers emphasize.
- Simply banning AI tools is not effective; instead, clear guidelines, training, and trusted tools are recommended to manage BYOAI risks.
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Silicon
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Tesla Whistleblower Wins Legal Ruling Against Elon Musk
- Tesla whistleblower, Cristina Balan, wins an appeal in her defamation claim against Elon Musk's Tesla.
- Balan had raised safety concerns in 2014 about a design flaw affecting the cars' braking.
- The US Court of Appeals for the Ninth Circuit reverses the arbitration decision and remands the case to the district court.
- Balan intends to start a new lawsuit and seeks to face Elon Musk and Tesla in an open court.
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TechBullion
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Exploring the Latest Tech Innovations Transforming Web Design
- AI technologies are automating tasks in web design, allowing for personalized experiences and improved accessibility.
- Responsive design is crucial for optimal user experience across devices, leading to higher engagement rates.
- Augmented reality (AR) and virtual reality (VR) are enabling immersive environments and unique user interactions.
- APIs and data analytics tools are essential for dynamic content delivery and user-centric design.
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Fintechreview
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Bank Digital: The New Standard
- Banking has transitioned from physical branches to digital platforms, becoming the norm for users in managing their finances.
- Digital banking encompasses various online services like mobile apps, real-time notifications, and integrated platforms for a seamless experience.
- Neobanks, such as Monzo and Revolut, have reshaped banking with online-only operations, innovative features, and competitive pricing.
- Traditional banks like Barclays and Santander are leading the digital transformation by investing in digital channels and emerging technologies.
- Key features of modern digital banking include instant setup, biometric login, budgeting tools, investment platforms, and peer-to-peer payments.
- Security is a top priority, with measures like encryption, biometric verification, and regulatory compliance ensuring customer data protection.
- The future of digital banking foresees increased personalization, automation, AI integration, and embedded finance for convenient access across platforms.
- Voice banking, wearable tech integrations, and financial health scores are expected developments to enhance user experience and financial insights.
- Digital banking sets a new standard in financial management, requiring continuous adaptation to meet evolving technologies and customer demands.
- Transparency, security, and user-centric design will be key for banks to thrive in the ever-evolving landscape of digital banking.
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Medium
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Thinking About Investing in Surf Lakes? Full Guide and Analysis
- Surf Lakes is a technology company offering an innovative wave-making system in a man-made lake.
- The company has sold licenses globally and is raising funds through an equity crowdfunding round.
- Surf Lakes aims to address the limited access to suitable waves and open the market to potential surfers.
- The company's technology offers competitive advantages and is led by experienced executives.
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Pymnts
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Onfly Raises $40 Million for Travel and Expense Management Platform
- Onfly, a corporate travel and expense management platform, has raised $40 million in a Series B funding round.
- The funding will support the company's expansion into Mexico and other Latin American markets.
- Onfly plans to use the funds to accelerate technology development, integrate artificial intelligence, and expand marketing and sales efforts.
- The platform offers fully digitized travel options, real-time auditable data, enterprise resource planning integrations, and a corporate card.
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Silicon
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Nvidia And Partners To Build $500 Billion Of AI Infrastructure In US
- Nvidia plans to produce its AI supercomputers in the United States for the first time.
- Nvidia, along with manufacturing partners, will design and build factories in the US for AI chip production.
- The company will invest in creating up to $500 billion of AI infrastructure in the US through partnerships with various companies.
- Nvidia's move is in response to the US government limiting exports of its H20 AI chip to China.
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