Last week was a roller-coaster ride in the world of tech and finance, with major moves from big players like Elon Musk and Cathie Wood. From autonomous defense units to AI-driven financial strategies, the future of tech seems to be unfolding right before our eyes. Let’s dive into the most intriguing stories of the week.
Tech Giants ‘About To Get Dwarfed By Generative AI’:Analyst
With the rise of Generative AI, giants like Apple Inc AAPL could be overshadowed, as new entrants harness the power of large language models (LLMs) to redefine industries, Needham & Company said Thursday. Read the full article here.
US Defense Department To Deploy Autonomous AI Units
The U.S. Department of Defense is gearing up for a new era of defense. A fleet of autonomous vehicles, controlled by artificial intelligence, is set to perform varied defense tasks. Deputy Defense Secretary Kathleen Hicks unveiled the “Replicator” project, expected to produce thousands of such units within 18 to 24 months. Read the full article here.
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Is Cathie Wood Banking on AI for Stock Picks?
Ark Invest founder Cathie Wood has a reputation for investing in disruptive innovation. With AI becoming a significant player in 2023, it’s worth asking if Wood is leveraging this technology to make her stock picks. Read the full article here.
Musk’s Biography Reveals AI Concerns and Personal Life
A new biography by Walter Isaacson provides insights into the life of Tesla’s CEO Elon Musk, revealing details about his relationship with Neuralink director Shivon Zilis and their twins. It also underlines Musk’s worries about AI. Read the full article here.
Microsoft Strengthens Alliance with G42 for Cloud, AI Tools
Microsoft Corp MSFT is expanding its collaboration with Abu Dhabi-based AI company G42. The plan includes sovereign cloud offerings and innovating advanced AI capabilities, aiming to accelerate the UAE’s digital transformation. Read the full article here.
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