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The billionaires getting rich from AI 2024
Ray Choi
April 09, 2024
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16 Rejoice always, 17 pray without ceasing, 18 give thanks in all circumstances; for this is the will of God in Christ Jesus for you. 19 Do not quench the Spirit. 20 Do not despise prophecies, 21 but test everything; hold fast what is good. 22 Abstain from every form of evil. 23 Now may the God of peace himself sanctify you completely, and may your whole spirit and soul and body be kept blameless at the coming of our Lord Jesus Christ. 24 He who calls you is faithful; he will surely do it. [1 Thessalonians 5:16-24, ESV]
What's in this week's issue?
💰️ The billionaires getting rich from AI 2024
🔥 8M UK careers at risk of ‘job apocalypse’ from AI
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Generated by DALL-E
AI Billionaires List 2024: A year and a half after ChatGPT became popular, bringing artificial intelligence into everyday conversations and making OpenAI CEO Sam Altman well-known, the AI industry is booming.
Over the past year, the stock prices of many tech companies, both old and new, have soared, making their founders and CEOs even richer. This surge has led to the emergence of more than a dozen new AI billionaires on Forbes’ World’s Billionaires list 2024.
One notable example is Nvidia's CEO Jensen Huang, whose company's stock price increased by nearly 300% over the past year. This growth landed Huang among the world’s 20 richest people for the first time.
Other companies, like Super Micro Computer, saw their stock prices rise even more, making their founders, Charles Liang and Sara Liu, new billionaires. Lisa Su, CEO of Advanced Micro Devices, also joined the billionaire ranks due to a significant increase in AMD’s share price.
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A report by the Institute for Public Policy Research (IPPR) sheds light on the potential impact of AI on the UK job market. The study warns of an imminent ‘job apocalypse’, threatening to engulf over eight million careers across the nation, unless swift government intervention is enacted.
The report identifies two key stages of generative AI adoption. The first wave, which is already underway, exposes 11 percent of tasks performed by UK workers. Routine cognitive tasks like database management and organizational tasks like scheduling are most at risk.
However, in a potential second wave, AI could handle a staggering 59 percent of tasks—impacting higher-earning jobs and non-routine cognitive work like creating databases.
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Listen or read the following transcript as Richard Coekin speaks on A Door of Opportunity from Luke 13.
The following unedited transcript is provided by Beluga AI.
AI News
👨 Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure (link)
🍎 Apple's ReALM AI model can 'see' and understand screen context; 'substantially outperformed' GPT-4 (link)
🔐 Google Cloud/CSA survey shows strong belief in generative AI’s ability to beef up cybersecurity (link)
🧮 AWS adds Mistral Large model to Amazon Bedrock (link)
⬆️ Microsoft 365’s Copilot gets a GPT-4 Turbo upgrade and improved image generation (link)
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