-- In 1995, Microsoft Corp. co-founder Bill Gates sent a memo calling the internet a “tidal wave” that would be crucial to every part of the company’s business. Nearly two decades later, Microsoft’s current leader, Satya Nadella, said he believes the impact of artificial intelligence will be just as profound.
“We have a great relationship,” OpenAI Chief Executive Officer Sam Altman said on The Circuit. “These big, major partnerships between tech companies usually don’t work. This is an example of it working really well. We’re super grateful for it.” Just as Netscape inspired Gates’ internet memo, the creation of OpenAI, and Microsoft’s support of it, was spurred in part by the threat of Google dominating AI. The architecture for OpenAI’s ChatGPT and Microsoft’s Bing chatbot, known as transformers, was invented by Google. Although Google remains competitive in AI, Microsoft and OpenAI are seen as the early leader.
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Cisco is getting 'early wins' in AI, says CEO Chuck RobbinsCisco Systems (CSCO) reported fiscal fourth quarter results that beat analyst estimates, but the company's outlook was cautious. In an interview with Yahoo Finance Live, Cisco Systems CEO Chuck Robbins says the the company benefited from a more 'diverse book of business' than its rivals and some supply chain challenges starting to ease. On the economy, Robbins says 'it's clearly mixed,' with some industries, like financial services and transportation, showing strength. When it comes to AI, Robbins says the company is getting some 'early wins with some of this next generation ethernet.' Robbins says the company provides the networking equipment that connect the 'brains' behind the AI systems. He adds that the company will see some benefit in its 2024 fiscal year, but 'we think the real move to this new technology' will be in fiscal 2025. Robbins add that he thinks 'the opportunity over the next 5,6,7 years could be three times what the original cloud buildout was.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »