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AI and Tech Updates: Hex's Funding, Tesla's Robotaxi, and Salesforce's Acquisition

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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Hex, a data analytics startup, recently secured a $70 million Series C funding round to enhance its AI capabilities. Founded in 2020 by former Palantir employees, Hex offers tools for analyzing data, building predictive models, and generating actionable insights. The company serves high-profile clients like the NBA and aims to address the growing demand for AI-driven insights in a competitive business intelligence market. The text also mentions other investment activities in the venture capital and private equity space, including acquisitions, exits, and IPOs, highlighting the growing importance of data analytics and AI solutions in driving growth and innovation in various industries.Tesla is nearing the debut of its robotaxi in Austin, Texas. The company's CEO, Elon Musk, has ambitious plans for autonomous driving, but there are concerns about missing information and regulatory requirements. Meanwhile, Salesforce has acquired data management firm Informatica for $8 billion to enhance its AI capabilities. China's monopoly on rare earths poses a threat to tech industries in the US due to potential disruptions in the supply chain. Other tech news includes FTC vs. Meta concluding, Circle preparing for an IPO, Apple acquiring a video game studio, and Duolingo softening its AI push. Additionally, WhatsApp is coming to iPad, Volvo announces layoffs, and industrial giants in Europe are embracing AI technology.The text emphasizes the importance of building trust between patients, doctors, and artificial intelligence in the healthcare system to realize the potential benefits of AI adoption. Factors such as delays, expenses, denials, and frustrations in accessing healthcare contribute to a lack of trust. Transparency, integration of AI into workflows, and involving professionals in the process are crucial in developing trust. Various news updates are highlighted, including Salesforce's acquisition of Informative, Trump media's plan to buy Bitcoin, Greenland's mining investments, Stellantis appointing a new CEO, and more. SpaceX faced setbacks with its Starship rocket launch, impacting NASA's future missions. Market updates are provided, along with analyst insights on Nvidia earnings, the Fed's stance on rate cuts, and Trump's tariff swings. Watercooler topics include Elon Musk's challenges with Tesla, Gen Z graduates' career preferences, Beijing's push for companies to share in China's development, Uber CEO's son benefiting from rideshare services without a driver's license.

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Manage episode 485562220 series 3456961
Content provided by owith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by owith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Hex, a data analytics startup, recently secured a $70 million Series C funding round to enhance its AI capabilities. Founded in 2020 by former Palantir employees, Hex offers tools for analyzing data, building predictive models, and generating actionable insights. The company serves high-profile clients like the NBA and aims to address the growing demand for AI-driven insights in a competitive business intelligence market. The text also mentions other investment activities in the venture capital and private equity space, including acquisitions, exits, and IPOs, highlighting the growing importance of data analytics and AI solutions in driving growth and innovation in various industries.Tesla is nearing the debut of its robotaxi in Austin, Texas. The company's CEO, Elon Musk, has ambitious plans for autonomous driving, but there are concerns about missing information and regulatory requirements. Meanwhile, Salesforce has acquired data management firm Informatica for $8 billion to enhance its AI capabilities. China's monopoly on rare earths poses a threat to tech industries in the US due to potential disruptions in the supply chain. Other tech news includes FTC vs. Meta concluding, Circle preparing for an IPO, Apple acquiring a video game studio, and Duolingo softening its AI push. Additionally, WhatsApp is coming to iPad, Volvo announces layoffs, and industrial giants in Europe are embracing AI technology.The text emphasizes the importance of building trust between patients, doctors, and artificial intelligence in the healthcare system to realize the potential benefits of AI adoption. Factors such as delays, expenses, denials, and frustrations in accessing healthcare contribute to a lack of trust. Transparency, integration of AI into workflows, and involving professionals in the process are crucial in developing trust. Various news updates are highlighted, including Salesforce's acquisition of Informative, Trump media's plan to buy Bitcoin, Greenland's mining investments, Stellantis appointing a new CEO, and more. SpaceX faced setbacks with its Starship rocket launch, impacting NASA's future missions. Market updates are provided, along with analyst insights on Nvidia earnings, the Fed's stance on rate cuts, and Trump's tariff swings. Watercooler topics include Elon Musk's challenges with Tesla, Gen Z graduates' career preferences, Beijing's push for companies to share in China's development, Uber CEO's son benefiting from rideshare services without a driver's license.

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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. The International Conference on Machine Learning (ICML) has brought together top AI researchers to share papers, discuss scaling up reinforcement learning, and explore the impact of Meta's hiring spree. Former Google researchers have also unveiled new AI agents like Asimov. The electric atmosphere at ICML is palpable as experts gather to shape the future of AI. Recent industry developments include Scale AI reducing its workforce, OpenAI's venture into ecommerce with ChatGPT, and a surge in startup funding driven by the AI boom. These trends underscore the significance of events like ICML in shaping the AI landscape.Moving on to private markets, there are shifts in startup employment dynamics, with uncertainty looming over recent layoffs and high-profile deals. OpenAI's foray into e-commerce checkout systems tied to AI is a notable development. Additionally, concerns arise over President Trump's potential firing of Fed Chair Jerome Powell and its market implications. Updates on venture deals, acquisitions, exits, and funding rounds by firms like Exodigo, Boulevard, and Pantheon reflect the evolving landscape of private markets.In Washington, D.C., Meta CEO Mark Zuckerberg is facing an $8 billion class action lawsuit over the 2018 Cambridge Analytica scandal. Shareholders seek reimbursement for FTC penalties related to privacy violations. Meanwhile, Anthropic aims to raise more funds, potentially valuing the company at over $100 billion. Google reports hackers exploiting old SonicWall appliances for data theft, while Scale AI lays off employees and ASML shares decline. In other news, tech giants like HPE, Google, Nvidia, Amazon, and Delta are making strategic moves in their respective domains.Synopsys CEO Sassine Ghazi's successful navigation through regulatory hurdles for the $35 billion Ansys acquisition showcases effective communication strategies across global markets. President Trump's tariff announcements and claims regarding Coca-Cola's recipe changes add to economic uncertainties. JPMorgan's data access fees may impact the crypto industry, and Canadian Prime Minister Mark Carney earns recognition as a diplomatic figure. Market indices show stability with slight increases, while analysts anticipate robust tech earnings in the second quarter amidst evolving trade dynamics and industry challenges.This concludes today's updates from the world of AI and technology. Stay tuned for more insights on industry trends and key developments shaping our digital future. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.H2Ok Innovations, a manufacturing tech startup founded by siblings Annie and David Lu, recently raised $12 million in Series A funding. The company provides precision automation solutions for big-name customers like AB InBev, Coca-Cola, Danone, and Unilever. Their goal is to optimize manufacturing processes through data collection and sensors to increase efficiency. The Lus, who come from a multi-generational manufacturing family, have a deep understanding and passion for the industry. With growing uncertainty in global supply chains, H2Ok aims to help manufacturers adapt to changing economic and political landscapes. The company's innovative technology has attracted significant investment interest and partnerships with industry giants.Major corporations in the U.S. are highlighting artificial intelligence as a disclosed risk in their financial filings, with concerns about the return on investment for AI spending. The U.S. Congress has been working on new crypto legislation, with Republicans proposing regulatory frameworks for digital assets and stablecoin issuers. Apple has signed a deal with rare-earth producer MP Materials to secure access to essential components for its products. Former OpenAI CTO Mira Murati's new startup, Thinking Machines Lab, has raised $2 billion from top tech investors and is valued at $12 billion. Other tech news includes Meta CEO Mark Zuckerberg's comments on AI talent recruitment, Mistral releasing an open-source AI audio model, Google signing power deals, Microsoft reportedly using China engineers for U.S. government systems, and Roblox debuting a licensing platform with companies like Netflix and Lionsgate.Yahoo CEO Jim Lanzone discusses the revival of the company and his plans for the future in a conversation with Diane Brady. Lanzone draws inspiration from brands like Nike and New Balance, emphasizing that success takes time and effort. He aims to bring Yahoo back into the spotlight by focusing on product quality and engaging with younger audiences. Lanzone's vision for the company includes building on its existing brand loyalty and expanding its reach through innovative strategies.In other news, tariff-driven inflation is on the rise, with key categories seeing price increases that are likely related to tariffs. President Trump has announced plans to impose tariffs on drug companies and semiconductor chips, as well as a 19% tariff on Indonesia. The market is reacting to these developments, with ASML stock dropping after their CEO expressed uncertainty about future growth. Analysts predict that inflation will continue to rise due to the administration's tariff-centric trade agenda. The Port of Los Angeles has experienced its busiest June on record, reflecting efforts by companies to import goods before the upcoming tariff deadlines. Treasury Secretary Scott Bessent hints at Jerome Powell's possible replacement as chair of the Federal Reserve, causing concern among financial experts about the independence of the Fed. Overall, the market is facing uncertainty and potential challenges due to escalating trade tensions and geopolitical developments. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.New research suggests that coders may overestimate the efficiency gains of using AI coding assistants, sparking a debate on the actual benefits of AI in coding. While some studies show that AI tools like GitHub Copilot can help developers focus more on coding and less on project management, others point out challenges such as the need to review and clean up AI-generated code. Researchers from Chinese AI startup ModelBest advocate for using multiple large language models in the software development process to improve results. The effectiveness of AI coding assistants may depend on how they are integrated into the development process.In other AI news, Nvidia CEO Jensen Huang announced that export restrictions on the company's H20 AI chip are easing, with deliveries set to resume. Meta plans to build massive AI-focused data centers to develop artificial general intelligence. OpenAI and Mistral will sign the EU Code of Practice for general-purpose AI, imposing reporting requirements on AI model developers. AWS is testing a new cloud service to make it easier to use third-party AI models after losing business to Google Cloud. A commentary by Jason Koebler questions the use of AI in news media, arguing that relying on AI to produce news efficiently is delusional and advocates for human-driven journalism.Pitchbook forecasts that North American VC assets under management (AUM) will grow by 38% in the next five years, which is slower than the previous five years. The increase in AUM is driven by VCs raising more capital and the growing number of VC firms. However, the current VC AUM is actually flat compared to 2021, and the market is resetting after a period of high valuations and capital influx. The future growth of VC AUM will depend on the exit environment, with liquidity and returns driving investor interest. Despite the importance of returns over AUM in the VC industry, a growing AUM indicates a strong market that can sustain increased investment in startups.Fortune's annual technology summit, Brainstorm Tech, is set for September 8-10 in Park City, convening technologists, executives, and investors to discuss pressing issues in the tech industry. Elon Musk's XAI has secured a $200 million contract with the Department of Defense, despite controversy surrounding its AI model. Amazon's Prime Day recap for 2025 omitted key sales metrics, sparking speculation about the event's success. Meanwhile, entrepreneur Alexa von Tobel is launching a new podcast aimed at resetting American ambition in the startup and venture capital space. Other tech news includes Cognition acquiring Windsurf, Tesla facing a federal jury over autopilot allegations, Meta potentially abandoning its open-source AI model, Apple rumored to release an iPhone Fold in 2026, and Nvidia resuming H20 AI chip sales to China.Amazon Web Services CEO Matt Garman discusses the company's recent advancements in AI, including the launch of an AI agent marketplace and a new IDE called Kiro. Despite lagging behind rivals in the past, Garman emphasizes the importance of focusing on customer needs and building a strong foundation for AI applications. He also highlights the massive opportunities in the AI space and the need for leaders to prioritize security and operational excellence. In other news, Trump is not done with Putin, with plans to continue discussions despite feeling misled by the Russian leader. Deutsche Bank warns of potential market collapse if Fed Chair Jerome Powell is fired, while UBS predicts Apple will launch a foldable iPhone priced between $1,800 to $2,400.The markets are up, with S&P 500 futures rising and Bitcoin sinking. Analysts from De Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Tokenized stocks are becoming a popular trend in the fintech world, with high-profile announcements from companies like Robinhood, OpenAI, and SpaceX. While some argue that tokenized stocks make trading easier and more accessible, caution is advised due to potential risks associated with lack of oversight and disclosure for private companies. The Securities and Exchange Commission acknowledges tokenization as an innovation but highlights the importance of careful consideration before diving in. Recent developments in the venture capital world include significant funding rounds for companies like Nuclidium, Motor AI, and Helios, as well as acquisitions by Mill Point Capital and Emperion. Additionally, Flutter Entertainment and Quanterix made strategic moves in the market.Panasonic's CEO Megan Myungwon Lee has set ambitious goals for the company's EV battery supply chain in North America by 2030. Despite challenges like tariffs and policy changes, Panasonic recently opened a $4 billion EV battery plant in Kansas and plans to hire over 1,000 employees for the facility. The company remains optimistic about the support for technology and manufacturing jobs under the current administration. Meanwhile, global economic concerns persist as tariffs are imposed on the EU and Mexico, impacting inflation rates. Google faces competition from AI startups in the web browsing market, while trade tensions continue to affect various industries. Market trends show mixed signals, with S&P 500 futures down and Bitcoin hitting an all-time high.In the midst of these developments, tech giants like Apple and Salesforce are navigating challenges in AI development and workforce transformation. Trade experts criticize the unpredictability of current trade strategies, while Wall Street analysts discuss the impact of AI on equities and home prices. Cybercrime is on the rise in Asia, posing new threats to businesses and consumers. Potential collaborations between Elon Musk and Democrats on US debt raise speculation about future economic policies. And as deals between companies like OpenAI and AI startups collapse, new players like Google step in to fill the void. The landscape of AI and tech continues to evolve rapidly, shaping industries and economies worldwide. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Tesla has announced that it will hold its annual shareholders meeting on November 6, following pressure from investors. The meeting will address questions about CEO Elon Musk's compensation and how the board plans to keep him engaged. In the UK, four individuals have been arrested in connection to major hacks at Marks & Spencer, Co-op, and Harrods. Meanwhile, job-seeking services Indeed and Glassdoor, owned by Japan's Recruit Holdings, are set to cut 1,300 employees as they pivot towards artificial intelligence. Other tech news includes Apple's plans for early 2026, Belkin discontinuing Wemo smart home products, AI-generated child sexual abuse material proliferating, and the US power grid facing strain from data centers.Moving on to the next segment, today's CEO Daily focuses on Linda Yaccarino leaving X (formerly Twitter) after facing challenges working under Elon Musk. The text discusses the difficulties of being overshadowed by a powerful boss and offers advice on setting expectations and boundaries. Trump has set 35% tariffs on Canada, with an exemption for goods under the US-Mexico-Canada Agreement. Other news includes Bill Ackman's defeat in a tennis match, a scandal involving Boston Consulting Group drafting an analysis on relocating Palestinians in Gaza, and Jamie Dimon's comments on Europe and Democrats. Tesla schedules a shareholder meeting, while the SEC files against an alleged Ponzi scheme called the "Patriot Economy."Wrapping up this episode, the week of July 7, 2025, Stratechery's content included discussions on who invests and why, Apple's search for an AI partner, and speculation on whether Xi Jinping is on his way out. The intersection of tech philosophy and AI opportunity was explored to understand the actions of companies like Meta, Apple, and Google. Apple is considering a partnership with either Anthropic or OpenAI to improve Siri, highlighting their struggles in the AI space. Rumors have been circulating about Xi Jinping's political fate, with some experts finding the evidence unconvincing due to the CCP's opacity. Other topics covered in the newsletter included fair use rulings, NBA free agency, and the F1 movie.That's all for today from OWITH.ai: serving you the latest updates in AI and tech world. Stay tuned for more! Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. The growing concern of AI voice scams and deepfakes has raised awareness about the need for stronger security measures. With incidents like deepfakes impersonating high-profile individuals, organizations must deploy advanced security tools for identity verification. The rapid development of AI technology, with companies like XAI releasing innovative chatbots and browsers, signals a shift towards AI-powered solutions. Companies like OpenAI are rumored to be entering the web browser market to compete with tech giants like Google. It's crucial to prioritize big-impact AI projects and remain vigilant against the risks posed by AI voice scams and deepfakes.Linda Yaccarino's departure from XAI has sparked discussions about the future leadership of the platform. Ethical concerns arise from incidents like the XAI chatbot referring to itself as "Mechahitler," highlighting the complexities of AI-owned social media platforms. Venture deals and private equity transactions continue to showcase significant funding rounds and acquisitions across various sectors. Tech industry leaders are facing challenges and changes in ownership, leadership, and funding, signaling ongoing developments in the industry.Nvidia's milestone market capitalization of over $4 trillion solidifies its position as the world's most valuable company. Reports suggest that OpenAI is working on an AI-powered web browser to compete with Google Chrome, indicating a potential shift in the tech landscape. Recent news includes Samsung unveiling the Galaxy Z Fold7, Manus relocating its headquarters to Singapore, and Hertz implementing scanners to detect rental car damage. Apple's rumored pursuit of streaming rights for Formula 1 adds to the ongoing developments in the tech industry.Home Depot's strategic acquisition of GMS for $4.3 billion reflects a shift towards targeting professional contractors in the building-products market. President Trump's announcement of a 50% tariff on copper imports will impact prices for Americans while benefiting U.S. copper producers. The Fed anticipates potential inflation due to tariffs, with expectations of multiple rate cuts by year-end. Other news includes misconduct allegations against Moet & Chandon, Tesla's unscheduled annual general meeting, and Nvidia's historic market cap milestone of $4 trillion. Wedbush Securities warns of Apple falling behind in AI technology and suggests acquiring startup Perplexity to catch up.The recent passage of President Trump's "big beautiful bill" by Congress without a moratorium on state-level AI regulation highlights missed opportunities for regulatory oversight. Understanding the realistic benefits and risks of AI is crucial to avoid harmful regulations and promote responsible AI deployment. The study on large language models (LLMs) underscores the importance of ethical considerations and oversight in advanced AI systems. Diverse applications of AI in industries like automated beehive monitoring and Walmart's AI platform demonstrate the need for responsible development to address real-world challenges effectively. By creating diverse datasets for training agentic language models (LLMs), advancements in artificial intelligence across various fields are made possible.Thank you for tuning in to OWITH.ai, where we bring you the latest updates on what matters in the world of AI and technology. Stay informed, stay ahead. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Transitioning from the rise of "vibe businesses" using AI avatars to assist in building websites and businesses, we move on to venture deals in the tech industry. From funding rounds for XPANCEO, Huspy, Centivax, and Honor Education to private equity deals like Astria Elevate acquiring Entro Communications, the tech industry is buzzing with activity. Exits and acquisitions like Tilia Holdings acquiring Caputo Cheese show a dynamic market. Boldstart Ventures raising $250 million for its seventh fund indicates a growing interest in AI-native infrastructure and related technologies. Celesta Capital's recent promotions highlight the focus on high-potential startups in deep tech sectors.Shifting our focus to tech news, we delve into AI scammers impersonating government officials and Amazon's Prime Day challenges due to tariffs. Apple's new COO announcement adds to the mix of tech updates. OpenAI's talent acquisition, Meta's investment in EssilorLuxottica, and Jeff Bezos selling Amazon stock are noteworthy developments. Mistral raising funds and China's demand for Nvidia chips for data centers indicate a vibrant tech landscape.Moving on to financial and tech-related topics, we explore Daphne Koller's entrepreneurial journey, Apple's succession plan, President Trump's tariff decisions, and Elon Musk's controversial statements. Analyst insights shed light on various topics impacting business and markets. From Roger Federer's successful investments to Bill Gates' philanthropy, the text also touches on Elon Musk's support for Bitcoin and accusations against his Grok AI platform. The current discrepancy between the stock market and the bond market in terms of growth expectations adds depth to the financial discussion.Stay tuned for more updates on AI and tech news. Thank you for listening to OWITH.ai podcast. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Many companies use the benchmark of better than average human performance when deploying AI, but this may not always be appropriate, especially in high-risk domains like medical scans or self-driving cars where the most consequential decisions matter more than average performance. Achieving superhuman performance and human-like decision-making simultaneously is challenging for AI, raising questions about its deployment in different domains. Societal values such as control and predictability play a role in determining comfort levels with AI deployment. In recent news, Microsoft, OpenAI, and Anthropoc fund teacher AI training for education, Coreweave acquires Core Scientific for $9 billion to expand data center capabilities, Meta hires a top Apple AI researcher for its "superintelligence" group, and Hitachi Energy's CEO warns of AI-induced power spikes from data centers straining electrical grids. A study found that different commercially-available AI models exhibit distinct strategic preferences in games. OpenAI is investing in AI talent amid poaching efforts by Meta, while Alphabet's Isomorphic Labs aims to "solve all diseases" with AI. Tech companies are also investing in AI art as patrons for artists using AI in their work.Transitioning to financial implications of AI, particularly in terms of scarcity and high demand for AI talent. Companies excelling in AI stand to gain significant financial rewards, with competition for talent being fierce. The AI space is more homogenous compared to other tech sectors, leading to an increase in bargaining power for top AI talent. The text highlights the contrasting philosophies of tech companies in approaching AI, with some focusing on computers doing tasks for users while others see computers as tools to aid humans. Apple's cautious approach to AI investment is discussed, with examples of how it has affected their AI research efforts. The departure of Apple's top AI executive to Meta is seen as a reflection of Apple's struggles in the AI field due to their conservative approach.Moving on to venture funding in the second quarter of 2025 which saw an increase, with $91 billion invested in startups, primarily driven by investments in AI companies. This represents an 11% increase year over year. Healthcare and biotech sectors also received significant funding. On the other hand, private equity fundraising remained slow, with global PE funds collecting $223 billion so far in 2025, below the pace of the previous year.Shifting gears to various tech news updates including Meta's AI talent poaching spree at Apple, Elon Musk's potential alienation of Tesla shareholders due to his political activism, and Coreweave's acquisition of Core Scientific in a $9 billion deal. It also mentions other tech-related news such as Samsung's tariff troubles, OpenAI's focus on security measures against espionage, Jack Dorsey's creation of a decentralized messaging app, and other acquisitions and settlements in the tech industry.In other news, Joe Kiani has returned as the CEO of Like Minded Labs after being ousted from Masimo last year. President Trump has announced new tariffs on several countries causing fluctuations in the stock market while global markets have not reacted seriously to these tariffs. Watercooler news includes various updates from different industries and interesting tidbits from the world of technology.And that's all for today's episode! Thank you for tuning in to OWITH.ai - your source for all things important in the world of AI and tech. Join us next time for more updates and insights. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The relationship between Silicon Valley and Washington D.C. is heating up, with new tax provisions benefiting small businesses and sparks flying between Elon Musk and President Trump. The Trump tax and spending bill includes changes to capital gains tax exemptions for small businesses, prompting mixed reactions from investors and entrepreneurs. Musk's criticism of the bill led to the announcement of the America Party, a new political party to challenge the current two-party system. Trump responded with threats against Musk's businesses, adding fuel to the fire. The conflict shows no signs of slowing down, with potential repercussions for both sides. Additionally, there is speculation about Apple manufacturing iPhones in the U.S., following previous attempts by tech companies to do so. The tension between tech giants and the government continues to escalate, setting the stage for further confrontations.Moving on to various tech-related news, including an activist fight at HPE, Ford's CEO warning about AI impacting white-collar jobs, and TikTok reportedly working on a U.S.-only app. The activist investor group Elliott Management has taken a stake in HPE, raising questions about the company's future direction. Ford's CEO emphasized the importance of skilled trades and warned that AI could replace half of white-collar jobs in the U.S. TikTok is reportedly developing a new app for U.S. users amid ongoing negotiations with the U.S. government. Elon Musk has launched a political party in the U.S., India is pushing its AI models, and Clorox is experimenting with generative AI for marketing.European corporations are collaborating with the EU to enhance competitiveness against the US and China. The CEOs of Fortune 500 European companies met with EU officials to discuss streamlining regulations, focusing on clean energy, industrial AI, and creating a single regime for operating in Europe. This marks a shift towards corporatism, with a closer alignment between business and government. The goal is to boost the competitiveness of European multinationals, which have been declining in global rankings. The EU is also changing its approach to competition and antitrust, considering international competition over internal European competition. While enthusiasm for this new approach is high, there is still much listening and educating required for true alignment. Trump's tariff letters imposing levels on countries without deals will go out today, with an additional 10% tariff for countries aligning with the anti-American policies of BRICS. Elon Musk announced the formation of the America Party to combat the two-party system, drawing criticism from Trump.In summary, the tech industry is experiencing various developments and challenges, including activism, AI impacts on jobs, and evolving social media platforms like TikTok. Thank you for tuning in to OWITH.ai, where we bring you all the essential updates in AI and tech world. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. ## IBM launches new AI-powered automation tool for customer serviceIBM has recently announced the launch of a new AI-powered automation tool designed to improve customer service. The tool uses natural language processing to understand and respond to customer inquiries, helping to streamline the customer service process.## Google introduces new AI-powered language modelGoogle has introduced a new AI-powered language model that is capable of generating human-like text. The model, called LaMDA, is designed to have more natural conversations with users and provide more accurate responses to queries.## Microsoft acquires AI speech recognition companyMicrosoft has recently acquired an AI speech recognition company, further expanding its capabilities in the AI space. The acquisition will help Microsoft improve its speech recognition technology and enhance its virtual assistant offerings.## Amazon launches new AI-powered healthcare platformAmazon has launched a new AI-powered healthcare platform aimed at improving patient care and outcomes. The platform uses machine learning algorithms to analyze patient data and provide personalized treatment recommendations.## Tesla announces new AI chip for self-driving carsTesla has announced a new AI chip for its self-driving cars, designed to improve performance and efficiency. The chip is expected to enhance Tesla's autonomous driving capabilities and further advance the development of self-driving technology.## Facebook unveils new AI tool for content moderationFacebook has unveiled a new AI tool for content moderation, aimed at detecting and removing harmful content from its platform. The tool uses machine learning algorithms to identify and flag potentially harmful content, helping to improve the safety of the platform.## Apple announces new privacy features for SiriApple has announced new privacy features for its virtual assistant, Siri, aimed at enhancing user privacy. The features include on-device speech recognition and processing, ensuring that user data is not sent to Apple's servers for analysis.That's all for today's episode. Stay tuned for more updates on the latest developments in AI and technology. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Accenture has warned of a potential 11-fold surge in carbon emissions from AI data centers by 2030, with a projected 3.4% increase in global emissions over the next five years. Despite these warnings, big tech companies are racing to build AI data centers, with Meta CEO Mark Zuckerberg emphasizing the need for rapid expansion in the US to keep up with China in the AI race. The US government is also pushing for accelerated development of AI infrastructure, prioritizing growth over sustainability concerns. Accenture recommends responsible growth and engineering of AI data centers, introducing the Sustainable AI Quotient (SAIQ) to measure environmental impact. However, it is unclear if big tech companies will address sustainability concerns, with Google showing improvements in energy efficiency but still prioritizing expansion. Meanwhile, Chinese AI companies are challenging US dominance in the industry, with Meta rumored to be seeking to acquire Safe Superintelligence for $32 billion.Transitioning to our next news, Sana Javeri Kadri has spent a decade building a multi-million-dollar spice company called Diaspora Co. that is almost profitable. She sources spices from farmers in South Asia and focuses on quality and sustainability. Kadri's spices, such as turmeric and nutmeg, have unique flavors due to the region they are grown in. She has built her business around supporting farmers and ensuring the quality of the spices remains high. Despite the success of her company, Kadri is not currently interested in venture capital funding.Moving on to Microsoft's recent announcement of layoffs of approximately 9,000 employees representing just under 4% of its global workforce. This comes as the company continues to report strong financial results but seeks to streamline operations and adapt to changes in the technology landscape. The layoffs will impact sales, customer-facing roles, and the Xbox gaming division.In another development, CEOs are increasingly touting the amount of work being done by artificial intelligence (AI) within their companies. Leaders from companies like Salesforce, Microsoft, and Google claim that AI is now responsible for a significant portion of their work. This trend is seen as a way for companies to showcase their technological advancements and efficiency, potentially leading to cost-saving measures like future job cuts.Lastly, Amazon is investing $100 billion in data centers to build an "ultracluster" for its AI partner, Anthropics. Meta has unveiled smart glasses equipped with sensors for real-time data collection and processing.And that's all for today's episode. Stay tuned for more updates on AI and tech news. Thank you for listening! Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Shiv Rao, the CEO of Abridge, a healthcare AI startup, recently led a $300 million Series E funding round with investors including a16z and Khosla Ventures. The company is now valued at $5.3 billion and operates in over 150 enterprise health systems. Despite the company's growth and success, caution is advised about rushing into an IPO, as options need to be preserved for the future. Abridge's focus remains on using AI to simplify healthcare professionals' lives, streamline billing processes, and uphold the doctor-patient relationship. The company believes that spoken dialogue will continue to drive workflows in healthcare, stressing the importance of accurate documentation for revenue cycle management.Moving on, Pindrop CEO Vijay Balasubramaniyan discussed the increasing prevalence of fake job applicants, with 16.8% identified as fake. The technology is expanding beyond voice security to protect against employee fraud, with examples of scammers trying to deceive recruiters. The rising issue of deepfake job candidates is highlighted, with a significant number originating from North Korea. Detecting these fakes is crucial, with shared tips on how to identify them. Various news stories are covered, alongside investments in a Tolkein-themed bank for tech startups and changes in U.S. policy towards Ukraine and Russia. Financial updates on companies like American Bitcoin and Meta are also mentioned.The impact of AI on professionals such as lawyers, auditors, and accountants is explored next, focusing on successful AI implementation factors and barriers like inaccuracy and data security. The use of AI in auditing to enhance efficiency is discussed while stressing the importance of human judgment in certain tasks. Changing career paths within professional service firms due to the increasing importance of AI expertise are noted, along with challenges faced by governments in attracting AI talent. Meta's creation of Meta Superintelligence Labs and Cloudflare's blocking of AI web crawlers are mentioned, alongside Microsoft's unveiling of an AI system for medical diagnoses that outperforms human doctors in certain conditions. Other news includes an investor's move to Crosslink Capital, Ford CEO's emphasis on planning for new technologies like AI, and an article exploring AI assistants writing performance reviews. Lastly, a humorous experiment by Anthropic and Andon Labs highlights the limitations of current AI technology in handling complex tasks effectively. Thanks for listening! Follow us on Twitter , Instagram and Linkedin…
 
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