AI and Tech Updates: A Recap from OWITH.ai

AI and Tech Updates: A Recap from OWITH.ai

Released Friday, 11th April 2025
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AI and Tech Updates: A Recap from OWITH.ai

AI and Tech Updates: A Recap from OWITH.ai

AI and Tech Updates: A Recap from OWITH.ai

AI and Tech Updates: A Recap from OWITH.ai

Friday, 11th April 2025
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Shopify CEO Tobias Lutke emphasized the need for employees to effectively use AI before requesting additional resources. This sparked a discussion about the impact of AI on future jobs. Elon Musk's Department of Government Efficiency (DOGE) is reportedly using AI to monitor federal employee communications, raising concerns about privacy. Europe unveiled a plan to become an "AI continent" to compete with the U.S. and China in the AI industry. While AI tools like ChatGPT have been beneficial, there is a lack of widespread adoption among American workers. Google utilized AI technology to recreate "The Wizard of Oz," but is missing a crucial safety report. The global AI market is projected to reach $4.8 trillion by 2033, emphasizing the need for developing countries to catch up in setting national AI strategies.A recent survey found that 61% of respondents reported no return on investment or disappointing ROI for GenAI. The decline in Nvidia's stock price, attributed in part to tariffs, has also been linked to GenAI not meeting expectations. The reliability issues with GenAI are limiting its practical use, and without significant advancements in AI models like GPT-5, the situation is not likely to change soon.Google is dominating the field of AI, surpassing competitors like OpenAI and Anthropic. Despite some initial setbacks, Google DeepMind has made a comeback with Gemini 2.5, a highly effective AI model that outperforms others in various benchmarks. Google's other AI tools, such as Lyria for music, Imagen 3 for images, Veo 2 for video, and Chirp 3 for voice/speech, are also top-notch. In addition to text-based models like Gemini and ChatGPT, Google is excelling in generative AI across different areas.Sydney Thomas, founding general partner at Symphonic Capital, launched the firm's debut fund of $13.5 million, focusing on digital health and fintech startups serving overlooked communities. LPs include Bank of America, Illumen Capital, and more.Stocks soared after the U.S. announced a pause on most import tariffs for 90 days for all nations except China, leading to a surge in tech company stocks. Small businesses relying on China for manufacturing face dire outlooks.The impact of President Trump's decision to halt reciprocal tariffs on America's trading partners for 90 days while raising tariffs on China to 125% is being discussed. Business leaders are critical of escalating tariffs and concerned about the impact on their companies.That's all for now from OWITH.ai: the podcast that keeps you informed about all things AI and tech. Stay tuned for more updates!

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