More AI Spend Than Oil

More AI Spend Than Oil

This is amazing: big tech is spending more on AI than big oil spent on their own infrastructure during the last boom. Surely there is a warning somewhere in this, although I’m a huge AI proponent and think that most of the spend will be justified.
The Information: 60% Chance of AGI by 2028

The Information: 60% Chance of AGI by 2028

The Information just published results of a reader survey that shows that nearly 60% of its readers believe that OpenAI, another company, or both, will achieve Artificial General Intelligence (AGI) within three years. A really short definition of AGI is, AI that is as...
TikTok Deep in the Red

TikTok Deep in the Red

The Information reports that TikTok loses money, a lot of money: ByteDance investors estimate TikTok lost several billion dollars last year on revenue of roughly $20 billion.