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Author: admin (Kendrick Williams)
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SPOTLIGHT: BIGS GETTING BIGGER
3G Capital, a low-key private equity firm best known for helping Warren Buffet merge food giants Kraft and Heinz, is taking shoe company Skechers private for $9.4 billion in cash.
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SPOTLIGHT: DEATH OF THE DOLLAR
Asset managers are converting more of their dollar-based assets into investments in Europe, the Financial Times reported.
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CHINA TECH GIANT IS BUILDING END-TO-END SUPPLY CHAIN FOR ADVANCED CHIPS
Huawei, China’s leading maker of computer chips, and two of its affiliated companies are nearing completion of three factories in Huawei’s home city of Shenzhen that will further break the country’s dependence on foreign technologies, the Financial Times was first to report.
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AI CAN MAKE IRRATIONAL DECISIONS JUST LIKE PEOPLE DO, STUDY FINDS
OpenAI’s GPT-3.5 and GPT-4 large language models, recent AIs that run on the company’s Chat-GPT platform, are “impressively consistent” in their ability to reason, according to a study by researchers in Australia and Canada.
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U.S. AIR FORCE RECRUITS AI TO POWER MINI-DRONES
The U.S. space program in the last half of the 20th century gave us advances ranging from artificial limbs to Tang orange drink mix.
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TRUMP ADMINISTRATION SCRAPS BAN ON EXPORTING AI CHIPS
The Trump administration has abolished a rule, slated to take effect 15 May, that banned exporting AI chips.
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AI USES SMALL FLUID SAMPLE TO DIAGNOSE ARTHRITIS IN MINUTES
Researchers at South Korea’s Institute of Materials Science have created an AI that can diagnose both rheumatoid arthritis (RA) and osteoarthritis (OA) in a few minutes by analyzing a small sample of fluid taken from a joint to be diagnosed.
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OPENAI SUSPENDS RESTRUCTURING, LEAVES NONPROFIT PARENT IN CONTROL
OpenAI has suspended its plan to convert to a for-profit organization, Reuters reported. Instead, the nonprofit parent organization will remain the owner of the for-profit subsidiary, at least for now.
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TECHNOCRACY BRIEFS: AI REPLACISM ACCELERATES, AND BLOOMBERG PUSHES CLIMATE CRISIS DEGROWTH
Major companies who have been laying off workers are opting to replace them with AI and automation technologies, instead of inviting them back.