AI in an Enterprise
AI in an Enterprise: How to advance to the next level
Marc Andreessen, Vinod Khosla and the billionaire battle for AI's future
Nvidia Passes Microsoft, Apple in value, it is No. 1
Get value stock insights free.
PayPal, Disney, and Nike recently dropped 50-80%.
Are they undervalued?
Can they recover?
Read Value Investor Daily to find out.
We read hundreds of value stock ideas daily and send you the best.
***
AI in an Enterprise: How to Advance to the Next Level
A recent survey has revealed that the implementation of Artificial Intelligence (AI) is still in its early stages, with a staggering 76% of respondents believing that we are just scratching the surface of AI's capabilities. Despite its vast potential to revolutionize society, corporations are taking a cautious approach, with 42% adopting a wait-and-see strategy and only a third investing significantly in enterprise AI.
The benefits of AI, so far, have been largely limited to increasing efficiency and productivity (67%), speeding up business operations (52%), and enabling data-driven decision-making (52%). Fewer than a third of respondents reported higher-level gains, such as improved data quality management or increased profitability.
The survey also highlighted that AI is being implemented in a piecemeal fashion, with individual use cases rather than a comprehensive approach. Research and development, as well as sales and marketing, are the areas where executives are most satisfied with AI's implementation. However, its applications in human resources and finance are lagging behind.
Industry experts are advising corporations to "start small, show early success in niche functions, and grow from there." They also emphasize the importance of focusing on the business case, rather than the technology itself, and looking for ROI that goes beyond tactical gains to improve the end-user experience.
As one survey respondent aptly put it, "We are in infancy in terms of implementation of AI because the length of the runway—the vision and the possibilities—are so beyond what we have ever imagined."....
Originally by The Information Partnerships
***
Marc Andreessen, Vinod Khosla and the billionaire battle for AI's future
In a packed auditorium beneath the U.S. Capitol complex, venture capitalist Vinod Khosla issued a stark warning: "Winning the race for AI means economic power, which then lets you influence social policy and ideology." But Khosla's call to secure leading AI models from broader use has sparked a fierce debate in Silicon Valley, pitting him against fellow tech moguls like Marc Andreessen, Yann LeCun, and Elon Musk(sometimes).
At stake is the future of artificial intelligence, hailed by some as a technological revolution on par with the mainframe, PC, or even the automobile. However, a growing faction, led by Andreessen, is pushing back against Khosla's vision, accusing him of trying to stifle innovation and maintain a stranglehold on AI development.
Andreessen, co-founder of Netscape and venture capital firm a16z, has rallied a group of open-source advocates, including the CEOs of Hugging Face and Mistral, as well as Meta's chief AI scientist Yann LeCun. They argue that warnings of AI risks and disasters are merely a ploy by early power holders to keep the technology closed and maintain their dominance.
"There is no safety issue. The existential risks do not exist with the current technology," LeCun asserts. AI investor Martin Casado, an Andreessen colleague, echoes this sentiment, accusing Khosla and others of engaging in "regulatory capture" to shut down open-source AI development.…
Originally by Alex Konrad of Forbes
***
Nvidia Becomes World’s Most Valuable Company as AI Rally Steams Ahead
In a stunning market shift, Nvidia Corp. has surpassed tech giants Microsoft Corp. and Apple Inc. to become the world's most valuable company, with a market capitalization of approximately $3.3 trillion. The semiconductor giant's shares soared as much as 3.4% on Tuesday, cementing its position as the leader in the artificial intelligence (AI) revolution.
Nvidia's dominance in the AI chip market has made it the biggest beneficiary of the technology, with its highly sought-after chips powering data centers that run complex computing tasks required by AI applications. The company's relentless rally is a testament to the growing importance of AI in the tech industry.
Microsoft Corp., another early AI winner, has also seen its stock rise following its investment and partnership with OpenAI, the creator of ChatGPT. Meanwhile, Apple Inc. shares surged this week after the iPhone maker finally unveiled its AI plans, appeasing investors.
According to Michael Lippert, vice president and portfolio manager at Baron Capital Inc., Nvidia's success goes beyond just selling chips. "They're not just selling chips, they're selling systems," Lippert said, highlighting the company's comprehensive approach to AI technology.…
Originally by Subrat Patnaik and Carmen Reinicke of Bloomberg