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- The AI Revolution is expected to create a $15.7 trillion investment opportunity by 2030.
- AI programs like ChatGPT are require advanced and complicated chips to be installed in GPUs. This is why the surge in demand for AI applications has resulted in an increase for Nvidia chips, which in turn raises the price of Nvidia stocks.
- However, Nvidia’s dominance may not last. The trend is tending towards firms that source for custom-made chips that are tailored to their needs and specifications. This is best illustrated in the case of Tesla. Its supercomputer, Dojo, uses its own custom-built GPUs. Meta is also developing its own AI chip – the Meta Training and Inference Accelerator (MTIA) chip.
- Innovations in AI are likely to accelerate further given the developments of quantum computing. Google has already built a quantum computer that is about 158 million times faster than the world’s fastest supercomputer, the Frontier supercomputer.
- AI has also been integrated into crypto. Take for instance Dawn Wallet, an intelligent crypto wallet that employs AI agents that gives you a personal assistant which can send transactions and interact with protocols. Best of it all? It is an Ethereum app browser.
- Microsoft intends to spend $3.2 billion in Australia to expand its cloud computing and AI infrastructure.
- Many U.S government agencies employ Palantir to safeguard the security needs of Americans. The list includes: CIA, FBI, the Department of Homeland Security and the Department of Defense. Palantir is a software company that specialises in data science tools that facilitate intelligence analysis and data integration.
- AI can create experimental drugs in months. Takeda Pharmaceutical, a Japanese company bought a psoriasis drug that was created in only 6 months by AI.
- One of Singapore’s top three banks has launched its own version of ChatGPT. It boasts 4 functions, Wingman, Whisper, Buddy and Document AI. Collectively, they help staff to write code, make summaries of voice calls and financial reports as well as extract information from company documents.
- AI enables service calls from contact centres and support teams from all over the world to be automated.
