Elon Musk's Caution For OpenAI, Google's Gemini AI, Musk And Zuckerberg's Truce: Top AI Stories This Week

This week in the AI sector, we witnessed a whirlpool of activities with industry giants making significant moves and statements from Elon Musk, Mark Zuckerberg, Goldman Sachs and Google. Here is a round up of the top stories:

Musk Rings the Caution Bell for OpenAI

During a virtual appearance at the All-In Summit, Elon Musk expressed his ongoing concerns about OpenAI’s relationship with Microsoft. Musk, who co-founded OpenAI but left in 2018, pointed out Microsoft’s significant influence over OpenAI, having access to all the source code and future versions of GPT-4. Musk stressed the potential danger of entrusting the future of superintelligence to companies like Microsoft and Google. He also highlighted the need for a third contender in the AI landscape, seeing his new venture, xAI, and Tesla as potential players to fill that role. Read the full article here.

Google’s Gemini AI Nearing Release

Google GOOGL is reportedly nearing the release of its Gemini AI, a response to OpenAI’s GPT-4, aiming to secure its position in the rapidly evolving field of AI-driven conversational technologies. The tech giant plans to offer Gemini through its Google Cloud Vertex AI service, tapping into the enterprise AI market. The AI software is expected to assist in various tasks including code writing and generating original images based on user requests. Read the full article here.

Meta’s Plans to Challenge OpenAI with GPT-4 Challenger

Mark Zuckerberg’s Meta META is working on a new AI system to compete with OpenAI’s GPT-4. The forthcoming system aims to surpass Llama 2, providing companies with advanced text generation and analysis tools. The Facebook parent plans to train its GPT-4 challenger in early 2024 using its proprietary infrastructure. Read the full article here.

Goldman Sachs Bullish on Microsoft

Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Microsoft MSFT, foreseeing a potential doubling of EPS by FY27, backed by AI and cloud services. Rangan highlighted Microsoft’s unique position to transform the way software augments human productivity, emphasizing the company’s strong value proposition and compelling total return story. Read the full article here.

Tech Rivals Musk and Zuckerberg Forge Alliance on AI Regulatory Matters

At a Capitol Hill meeting, Elon Musk and Mark Zuckerberg, along with other industry leaders, discussed the urgent need for AI regulation in the U.S. The tech leaders emphasized the government’s pivotal role in balancing innovation and safeguards, with a focus on the threat of deep fakes in the upcoming 2024 U.S. general election. Read the full article here.

Illustration was generated using artificial intelligence via MidJourney.