TECWINDS - Weekly Tech Dose Chan Kulatunga

TECWINDS PODCAST -04
OpenAI and Microsoft: A Billion-Dollar Partnership Shaping the Future of AI
Brought you by Chan from COLOMBO

The US Treasury has designated Silicon Valley Bank and Signature Bank as posing systemic risks, allowing them to unwind and fully protect all depositors, while shareholders and some unsecured creditors will lose their investments. The Federal Reserve has also announced a new Bank Term Funding Program to support financial institutions affected by SVB's collapse. Apple is launching its mixed-reality headset, with sales anticipated to be around one million in the first year. Scientists have successfully mapped every neuron and connection within the brain of a fruit fly larva, which could have significant implications for understanding the human brain. Elon Musk plans to build a new town for his employees in Texas. Finally, ChatGPT's release has sparked renewed curiosity in generative AI, but concerns about the ethical implications of language models need to be considered as these technologies continue to advance.

TECWINDS PODCAST -02
OpenAI and Microsoft: A Billion-Dollar Partnership Shaping the Future of AI
Brought you by Chan from COLOMBO


OpenAI and Microsoft recently partnered, and this could have a significant impact on the future of artificial intelligence.
OpenAI's ChatGPT and GPT 3.5 models have been very successful and are changing the way people interact with AI.
Microsoft invested $1 billion in OpenAI in 2019, which raised eyebrows at the time, but turned out to be a smart move.
Microsoft is now offering to give OpenAI $10 billion in exchange for owning 49% of the company, which will be used to upgrade Bing's search engine.
OpenAI's free service, ChatGPT, is expensive to operate, and projected to spend between $1 and $3 billion in 2023.
Microsoft plans to challenge Google's dominance in search engines by integrating ChatGPT into Bing.
Generative AI and services like ChatGPT are leading the charge towards a new era of technological innovation, with limitless possibilities.

Cheers!

THE FUTURE OF NETFLIX, AI, TECH INDUSTRY AND LAYOFFS!


Introduction to the first episode of the Tecwinds podcast in 2023.
Overview of the tech industry in 2022, including developments in AI, cloud networks, and virtual reality.
Discussion of Netflix CEO Reed Hastings stepping down and passing the reins to co-CEOs Greg Peters and Ted Sarandos.
Analysis of the potential implications of ChatGPT's AI for Google's search dominance.
Update on Amazon's drone delivery project, including internal cost-cutting measures and job cuts.
News of assets worth $700 million being seized from the bankrupt FTX exchange, and $525 million of that being in Robinhood stocks.
Discussion of recent tech layoffs, including Google laying off 12,000 jobs, Microsoft dissolving its AltspaceVR platform team, and Twitter cutting staff from 7,500 to 1,300.
Mention of AWS investing $35 billion on cloud infrastructure to target the growing demand.

Chan Kulatunga
COLOMBO
2023 JAN 22

You've got it right, Lately, Chatbots and other generative-ai software services seem to be taking the world by storm, making easier many jobs which once considered cannot be done without humans. Well, these AI engines are so powerful they may already be laying the foundation for an alternative future for humankind. Let's see how this unravels. #Tecwinds