Endless AI Summer, Debt Ceiling Circus, Town Hall Twitter, Jack is Back
Twitter News Digest for the week of 5/24-5/30
This week’s news digest covers the new AI Summer, the debt ceiling circus, Twitter’s emergence as a town hall for US politics, Jack Dorsey’s return, and the latest on Covid. Don’t miss the memes at the end!
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Endless AI Summer
Last year, Artificial Intelligence software started becoming available for everyday consumers, including programs like Dall-E, Midjourney, and ChatGPT.
On Twitter, the period of explosive growth became known as AI Summer.
In many ways, AI Summer never ended. The pace of innovation has steadily accelerated into 2023, and another AI Summer, perhaps an order of magnitude bigger than the last, is just around the corner.
Last week, the talk of the stock market was Nvidia, which manufactures computer chips used to train AI.
After Nvidia beat its expected earnings, the company added $200B in market cap in a days. On Tuesday, it passed $1T valuation, and is now the sixth most valuable company in the world, ahead of Facebook, Tesla, and Berkshire Hathaway.
In a recent interview, Elon said Graphics Processing Units like those made by Nvidia “at this point are considerably harder to get than drugs.”
Last week saw another AI milestone when the FDA approved Neuralink to conduct its first clinical study on humans.
The brain chip will initially be used help disabled people regain vision and mobility.
Eventually, the company hopes to use the technology to enhance the abilities of able-bodied people.
Yesterday, the Wall Street Journal reported Elon had bought up a major chunk of cloud computing company Oracle’s server space for his company X.AI.
At WSJ’s CEO Council Summit, Elon told business leaders that AI will change everything: “on a 20-30 year time frame, things will be transformed beyond belief. We probably won’t recognize society in 30 years.”
So what do you think: is AI just a flash in the pan, or are we entering Endless AI Summer?
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