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Good morning! Welcome to your AI Trends dose, the newsletter that's like your savvy best friend – always scouring the back alleys of the information-loaded web, and picking up the hidden gems in AI, tech, and innovation.

Let's saunter down the lanes of today's news together:

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Altman Takes on New Challenge with AI Microchips 🖥️

It seems that Sam Altman (CEO of OpenAI and owner of ChatGPT) has a new challenge on his hands. The executive is looking to break into the world of AI microchips, and for that, a Bloomberg report indicates that he is seeking business partners with whom he plans to create a network of global chip factories - because who said a machine can't dream?

This audacious new goal of Altman suggests a shift in the relationship between OpenAI and its current hardware providers, Intel and Nvidia. According to that Bloomberg report, the initial list of potential partners includes giants such as SoftBank Group Corp, Samsung, Microsoft, and Taiwan Semiconductor Manufacturing, although so far none have confirmed or denied this information. Will Altman's move be achievable or is it just an excessive ambition? Only time will tell.

🎤 Such assertive voices are heard from Altman's side! It seems he is singing: "If you can't beat them, join them... but with your own rules and chip factories”.

The report also suggests that Altman is seeking investment from the Emirati corporate group G42, in a deal that could add up to $10 billion. With operations that the Chairman of the Select Committee on China, Representative Mike Gallagher of the United States, has described as a risk to national security, Altman's connections with G42 add an extra layer of intrigue to this multi-billion dollar project.

Altman's pursuit to create an AI microchip empire seems an interesting twist in OpenAI's business. With a history filled with criticisms of the "brutal shortage" of chips and their "skyrocketing" costs, this new challenge not only aims to place OpenAI in a privileged position regarding supply chains, but also to open a new frontier for generative AI. Will Altman's bet be a real revolution in the sector or will it become another plan in the long road of high technology? As always, stay tuned to find out!

It's Still Not Profitable to Replace Humans with Artificial Intelligence: MIT 🤖

In today's news, we bring to you a refreshing discovery for all nervous workers who pictured robots taking over their desk chair. According to a recent study from the Massachusetts Institute of Technology (MIT), we are still far from replacing humans with artificial intelligence (AI) in a cost-effective manner. Yes, dear readers, there is still something where we are more affordable than robotics.

The study revealed that only 23% of jobs related to computer vision tasks can be profitably automated with AI systems. Even though there are concerns about a massive invasion of robots at our workplaces, science tells us that, for now, for most industries, it's still more profitable to hire humans than to implement AI systems. Unexpected joy for many who feared a robot-induced unemployment.

🤖 'Your jobs are safe... for now. Set a date for that office party!'

The MIT study provides a more balanced picture of the relationship between AI and human labor. Due to the high initial costs of deploying and developing AI programs, researchers concluded that it is not profitable to automate 70% of the wages companies pay to workers "exposed" to AI. Therefore, while the future of AI in the workplace promises to be exciting, it is also complicated and costly.

This is not to say we can rest easy knowing our jobs are safe forever. The rapid evolution of technology is a reality and we must be prepared to constantly adapt. But for now, it seems humans still have a crucial role in the job landscape. Raise the wages, keep the training going, and put that chatbot on hold, your employees are still irreplaceable. At least, for now.

Elon Musk’s AI Startup Seeks to Raise 6 Billion Dollars 🚀💰

There are epic battles and then there is the clash of the artificial intelligence (AI) titans! Elon Musk, ever on the hunt for a challenge, plans to raise runway for his AI startup - xAI, poised to rival Microsoft-backed OpenAI. The task is not an easy one, but it's just another day's work for the visionary behind Tesla and SpaceX: he's looking to gather an impressive 6 billion dollars for his new AI company, aiming for a valuation of 20 billion.

Musk has been scouting the globe for investors willing and able to finance his latest endeavor, courting wealthy investors and family offices in Hong Kong, despite growing geopolitical tensions. Sources suggest he has also been knocking on doors in the Middle East, Japan, and South Korea. In this monumental fundraising venture, one thing is clear: Musk is here to make bold moves and isn't afraid to shake things up in the AI sandpit.

🧠 It's the battle of the AIs! Let the multi-billionaire brain games begin!

xAI shot to fame with Grok, a chatbot that has learned to interact across all digital content flowing on X. Its ability to provide up-to-date answers sets it apart from the competition. Musk seems to be ready to take things to the next level and, according to recent reports, is coordinating the fundraising through Morgan Stanley.

Now, while this financial pursuit is impressive, it's not just about financial muscle. The competition is fierce. San Francisco-based competitor OpenAI has raised a whopping 13 billion dollars, solely from Microsoft alone. But we know Musk loves challenges, so this financial showdown is far from over.

And, although the sum of 6 billion dollars sounds staggering, it really serves to remind the humongous cost involved in building AI models, with powerful computational resources, vast data sets, and the latest generation of chips necessary to accomplish the task. We can only wait and watch how this AI battle unfolds and who will eventually win the fight to grow bigger and better.

AI Bites 🍪

Apple Shares the Secret of Why the 40-Year-Old Mac Still Rules. The pioneering PC revolutionized how people interact with computers. As the Mac enters its fifth decade, Apple says it will continue to evolve.

The AI revolution is generating some investor ‘hallucinations’ too. Big tech firms are muscling in on funding the future, pushing Silicon Valley VCs out of the way.

OpenAI responds to Congressional Black Caucus about lack of diversity on its board. OpenAI has responded to a letter sent by the Congressional Black Caucus that flagged the lack of diversity on its board.

Watch this, thank me later... 👀

😲 Disney Research unveils a new way of walking in AR/VR.

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^{The content of this newsletter is for educational and informational purposes only and should not be construed as financial advice. Conduct your own research or consult a financial professional before making investment decisions.}