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Newsletter: Signs of the Tech Revolution #14

Read about Liquid AI's revolutionary AI model, skills gaps, the adoption of the AI Act in the EU, and how social media impacts mental health.
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Published on
October 4, 2024
Last updated on
October 4, 2024

A breakthrough from MIT researchers is set to redefine how we think about artificial intelligence. Their startup, Liquid AI, has developed a revolutionary AI model inspired by the human brain, which could transform everything. 

Unlike traditional models like GPT, which rely on massive datasets and quickly reach their capacity, Liquid AI’s model learns continuously, integrating new information in real time. 

This system only requires a few dozen neurons, allowing it to stay efficient and adaptable while drastically reducing energy consumption.

What’s more, Liquid AI’s platform shows state-of-the-art performance across various tasks with a significantly lower rate of AI “hallucinations.” This model also offers a greener solution by minimizing computing power and lowering its carbon footprint. 

With $37.5M in seed funding from top investors, Liquid AI is poised to drive the next wave of AI technology, delivering smarter, more flexible systems that evolve as they go. 

Imagine a self-driving car that gets better with every trip or an AI assistant that learns continuously without needing constant retraining. The future of AI just got a whole lot brighter—and greener.

In this newsletter:

  • Famous AI disasters
  • A shift to do cloud-local
  • OpenAI raises $6.6 billion ($4b extra)
  • Social Media and teen-suicide crisis
  • IBM quantum computing center in Europe
  • Developer experience at JPMorgan Chase
  • Facial recognition tech with Meta's smart glasses
  • Malaysia's national cloud policy and regulations for ethical use of AI
  • and more...

News #1: OpenAI - $6.6 billion in largest VC round ever

OpenAI has secured new financing, which will enhance its capacity to develop even better technology and bring it closer to creating AGI. Joshua Kushner's Thrive Capital led the round and was joined by Microsoft, Nvidia, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, Tiger Global, and MGX.

On top of OpenAI’s long-awaited funding round that closed Wednesday, the company has also put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.

Read more

News #2: Disconnect between perceived AI skill and actual AI training

There's a growing concern over how well employees are adapting to the integration of AI in their jobs. Overconfident in their understanding of AI, many workers may underestimate the complexities and nuances required to harness its full potential.

Understanding and strategically implementing AI is both a challenge and an opportunity. Companies should invest in robust training programs to ensure their workforce is not only technologically equipped but also aware of the strategic advantages AI can provide.

Read more

News #3: The European Commission is garnering early adoption of its AI Act

The European Union's AI Act is setting a new precedent for enterprise vendors, encouraging early adoption and compliance ahead of its expected 2026 implementation. This act aims to regulate AI systems based on perceived risk, impacting businesses globally that develop or deploy AI technologies.

Vendors are advised to incorporate these regulatory measures into their operations now to ensure compliance. Being proactive not only mitigates future risks but also enhances trust and reliability with stakeholders.

Read more

News #4: Social media influence on Teen-Suicide crisis

Social media usage is connected with mental health challenges among teenagers. This was highlighted by a number of studies done over the last few years. Key issues include the rise in anxiety, depression, and incidents of self-harm linked directly to online environments. 

Social platforms were created to be sources of connection, but they create feelings of inadequacy and exclusion among youth due to perfect portrayals of life and constant comparisons. With mental health crises among teens escalating, families, educators, and policymakers are tasked with creating new better approaches to digital engagement.

Read more

Other News

  • 12 famous AI disasters to know about - Read more
  • Accenture to train 30,000 staff on Nvidia AI tech - Read more
  • IBM opens its first quantum computing center in Europe - Read more
  • How JPMorgan Chase enhances its developer experience - Read more
  • Starling Bank fined £29mn over ‘shockingly lax’ crime controls - Read more
  • The public cloud computing landscape is shifting as regional providers emerge - Read more
  • A pair of students at Harvard Put Facial Recognition Tech onto Meta's Smart Glasses - Read more
  • Nvidia has released an open-source AI model that competes with systems from industry leaders - Read more 
  • Malaysia plans to create a national cloud policy and introduce regulations to encourage the ethical use of AI - Read more

What does Maxima Consulting do again?

Maxima Consulting helps business leaders get the most out of their project investments through smart process and operations optimization. Tech leaders work with our project teams to tap into the global talent pool and deliver projects on time and within budget. Maxima Consulting is trusted by global banks, logistics companies, retailers, and other leading companies worldwide.

Curious to see how Maxima Consulting can help you get the most out of your tech investments? Meet with one of our consultants to see how we can help.

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