Top-3 AI news of the week, and Strong AI Summit, a road to AGI

Mx Hub
4 min readMay 16, 2024

If you’d like to be at the forefront of tech / socio-economic systems development, registed to get an invitation to Strong AI Summit, aimed at consolidating top minds / funds / companies contributing to Strong AI (AGI) https://saisum.world/

This week was absolutely insane in terms of AI topics in the news. There are top-3:

  1. OpenAI has presented ChatGPT-4o. Best use case: When in your iPhone, you can communicate LIVE in any language in the world!

Google presented Gemini 1.5 Pro, which can do the following:

- the generation of music.

- Veo — image generation of Imagen3, a direct competitor to DALLI from OpenAI. There will be several versions of Imagen 3, each optimized for different tasks. From fast generation of sketches to high-res images.

- generation of video from prompts with quality in 1080p. A direct competitor to Sora from OpenAI.

- context window 2 million tokens (“War and Peace” can now be downloaded in its entirety)

- multimodality (works with all types of content).

- just like ChatGPT, the price has dropped several times.

- Gems — built-in assistants (analogue of GPTs) — no worse than ChatGPT.

— Gemini itself is already built-in in Gmail, Google Photo and Google Meet.

— Search. Everything is great here — he knows how to make samari based on the search results, he knows how to plan and collect complex answers, he can divide the search into several small queries himself and return the final answer.

— Gemini itself is already built-in in Gmail, Google Photo, and AI assistant integrated in Google Suite

3. CheckApp has released alpha version of health diagnostics by selfie.

That is a kind of useful use cases that could bring real benefits to both health and material conditions of billions! Compare almost free AI diagnostics with health check up that costs from 100 to 5900 USD.

See video of Brett King on the pivotal role of AI in healthcare, the future of economic systems, and the potential of data-driven societies. Don’t miss this captivating glimpse into a future where data is not just an asset, but a cornerstone of global progress.

Strong AI Summit invitees.

Acclaimed futurist Brett King will join Winston Ma in the list of Keynote speakers of AI summit that will take place in Miami, September 6.

Prof. Winston Ma is renowned author of books on soveraign funds, unicorns and Emerging tech, speaker at WEF and hundreds other events, Next week he collaborates with SALT conference, where he will chair an “AI founders and investors” roundtable

Dr. David Brin is the author of dozens of best-selling novels and fellow of the Institute for Ethics and Emerging Technologies https://www.youtube.com/watch?v=gWf8lGV2XLI

AGI pioneer Dileep George, DeepMind AGI researcher and former CTO at Vicarious AI. He decided to dedicate his life to achieving AGI over 20 years ago. His idea of a positive future (a few decades ahead) — including the role of AGI and brain-computer interface.

https://www.youtube.com/watch?v=nmsuHz43X24

Inflection point in AI investments.

“A recent report from the Semiconductor Industry Association explored the “breathtaking speed,” at which the industry is growing. The CHIPS and Science Act, has “primed a torrent of private sector investment — an $447 billion in 83 projects in 25 states. This investment has been compared to that spurred by Russia’s 1957 launch of the Sputnik satellite.

The Economist reported that the U.S. “is in the midst of an extraordinary startup boom.”

https://heathercoxrichardson.substack.com/p/may-13–2024

Want to know about India’s AI landscape? Find out in this article

https://bit.ly/4aX3BXt

#1 AI investor: Public Investment Fund of Saudi Arabia.

PIF is focused on AI and have created new $100B program of AI/ Emerging tech investments in the country, to achieve the main milestone: increasing the ratio of non-oil in GDP.

PIF’s second challenge: boosting returns. Since 2017, when the fund was tasked with implementing Vision 2030, its investments have returned about 8% a year. This is just above its minimum target of 7%, but far below the private-equity-style returns it really aims to achieve, admits one executive. Such ambitions are loftier than those pursued by most sovereign-wealth funds, which are more reserved owing to the difficulties of making big returns with diversified holdings and such large pools of money. So far the pif has been able to pick assets that promise both economic development and strong returns, while tapping dividends from these holdings. As its role expands, that will become increasingly difficult.

Moreover, private-equity-style valuation methods, which depend on past performance and projections of future cash flows, are tough to apply to many of the companies and projects in which the pif is now investing. This sort of investment is normally characterised by returns that deteriorate with scale and perform better when held for a long time.

The final challenge is attracting foreign investment into Saudi Arabia. As the fund grows bigger, foreign money would assist its ambitions. It would also enable domestic firms to expand their horizons and access new markets, thereby reducing the chances of ending up in competition with one another. And it would allow the PIF to exit some of its investments, which would push the private sector to fend for itself.

Chip industry is in the focus of all countries, as I realised from speeches of heads of states at WEF in Riyadh, April 29

Saudi Arabia needs $40 Bln direct investments from abroad. Only funds of USA, Canada, UK, Singapore, and Japan, could be the donors, since other countries are reluctant to invest in KSA.

This is why MetaAll is organizing the Strong AI Summit with participation of these countries

--

--

Mx Hub

Mx Hub is first Sharing Ecosystem of top rated Emerging tech and Metaverse leaders.