In addition to revenue gains, productivity gains are expected to be manifold
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At first glance, deploying a large language model (LLM) locally could seem advantageous for several compelling reasons
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The tech giant will integrate these chips, akin to those used in Apple’s Mac computers, into cloud-computing servers
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This AI model is aligned to the BFSI industry and can reportedly help enhance credit underwriting processes, detect fraud, monitor loan performance and provide personalised financial advice
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MAI-1 is being spearheaded by Mustafa Suleyman, a recent Microsoft hire and co-founder of Google DeepMind, now heading Microsoft’s newly established consumer AI uni
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The Aggarwal-led company also introduced foundational location services APIs and SDKs
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These optimised models are sourced from well-known industry platforms such as OpenVINO Model Zoo, Hugging Face, ONNX Model Zoo and PyTorch
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This round was led by Sequoia Capital and Index Ventures, with additional participation from Altman among others
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While some argue that AI will create new job opportunities, the reality is that the transition may not be seamless, particularly for workers in industries vulnerable to automation. Without proactive measures to address this displacement, marginalised communities are at risk of bearing the brunt of the socio-economic fallout, exacerbating disparities along racial, gender, and socio-economic lines
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In this issue, we dive deep into how WPP and other industry leaders are leveraging technology, particularly generative AI, to foster creativity and drive innovation in advertising
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