Tech Selloff Deepens: Nasdaq 100 Faces Worst Drop Since 2022 | Bloomberg Technology
Bloomberg’s Ed Ludlow covers the Nasdaq 100’s worst drop since 2022 as tech leads a global market selloff. Plus, we look at Apple as Berkshire cuts its stake in the company by nearly 50%. And the future of AI startup Groq as it hits a $2.8 billion valuation. Chapters: 00:07:02 – Edward Jones Senior Strategist…
Bloomberg Technology
Why the AI Backlash Is Getting Worse
A Texas man has been charged with attempted murder of Sam Altman after he threw a Molotov cocktail at the tech CEO’s home last week. Prosecutors say that the suspect was carrying a document warning that artificial intelligence companies would cause humanity’s “impending extinction.” Sarah Frier joins Stacey Vanek Smith and Max Chafkin on the…
Bloomberg Technology
UK Executives See More AI Job Cuts
Half of UK executives now think AI will mean fewer jobs over the next decade — with young workers expected to be hardest hit. Irina Anghel explains. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: Get…
Bloomberg Technology
NASA’s Proposed Budget ‘Slap in the Face,’ Nye Says
Bill Nye, also known as “The Science Guy,” and The Planetary Society chief ambassador, calls the proposed budget for NASA a “slap in the face,” especially after all that was accomplished with the Artemis II mission to the moon. He spoke to Bloomberg The Close on Monday. ——– Like this video? Subscribe to Bloomberg Technology…
Why the AI Backlash Is Getting Worse
UK Executives See More AI Job Cuts
NASA’s Proposed Budget ‘Slap in the Face,’ Nye Says
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@deniroulewah
August 5, 2024 at 3:42 pm
I would also go short on APPLE considering their late integration of AI on their gadgets, it was too late. Apart from that, HP and NVIDIA are introducing one of the best gadgets integrated with AI, so, Apple don’t have a chance in the future AI market
@basilihuoma5300
August 5, 2024 at 4:05 pm
Great point.
@microbe_rz37-rn1dk
August 5, 2024 at 5:32 pm
Apart from the immediate options play, I’d definitely say not too late considering latest news from the journal Nature about AI model collapse. Basically LLM’s feedback bad information back into themselves and deteriorate. I’ve noticed this first hand working with Meta AI Llama-3 recently.
@renereiche
August 5, 2024 at 6:14 pm
The DCLM 7b SLM (small language model) that Apple made public last week, which should be a better, larger version than what they will put on devices, was not bad but it was much weaker/dumber in the usual AI benchmarks than Meta’s LLAMA3 8b and Microsoft’s Phi3 mini model (which is only half the parameter count (3.8b) of Apple’s SML and yet much smarter). So I don’t have a lot of trust in Apple’s AI until they show real world results.