AI in the News: Funding, Heists, and CEO Strategies

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Elias Torres's startup, Agency, has raised $20 million in Series A funding to focus on agentic AI for customer success. The company's product, Kai, aims to automate customer service and provide a full picture of individual customers by analyzing data from various sources. With the rise of AI agents in customer service, leveraging AI will be crucial for businesses in the future. The company has received funding from various ventures for their innovative approach to AI in customer service.China has accused the U.S. government of stealing $13 billion worth of Bitcoin in 2020, marking one of the largest crypto heists in history. Softbank sold its stake in Nvidia for $5.8 billion to fund AI investments. Yann Lecun, an AI pioneer at Meta, is reportedly considering leaving to start his own startup focusing on "world models" rather than large language models. CEOs are focusing on adapting to economic uncertainty and global complexity by investing in AI, training employees on new tech, diversifying supply chains, and seizing opportunities.CEOs are navigating the global economy's 'frog-boiling' conditions. AMD forecasts a revenue growth of 35% per year for the next three to five years, driven by AI chip demand. In other news, Ford CEO makes a 'brutal' business decision after studying Tesla and Chinese EVs, Trump suggests a 50-year mortgage idea, Winklevoss's Gemini faces losses, and Apple sells a $150 sling for iPhones designed by Steve Jobs' iconic turtleneck designer.The debate over whether China is leading in the AI race has been sparked by Nvidia CEO Jensen Huang's comments. Advanced reasoning AI models are found to be vulnerable to hacks, emphasizing the need for stronger safety measures. Legal challenges faced by OpenAI regarding potential harmful effects of its models raise ethical considerations. Both Chinese and American companies are making significant strides in AI development, indicating that the AI race is ongoing.

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