AI for Pros Newsletter
October 30, 2023
|Chasing JPMorgan in the AI race
JPMC continues to distance itself from other banks in AI, ranking #1 in Talent, Innovation, Leadership and Transparency according to Evident Insights.
NOTABLE PRODUCT INTROS
|IBM Jumps into the Code Assistant Game
Yes this space is getting crowded but IBM is focusing its efforts on two areas of strength: 1.) Red Hat and 2.) Mainframe Application Modernization. “Elementary, my dear WatsonX, elementary.”
Tool of the Week
You might have heard of Character AI, which generates human-like personas and dialog. But have you tried it for interviewing practice? Its fun to get “personal” advice from famous people like Oprah, Elon or Shakespeare, but it might be more valuable for making sure your personal pitch is on point.
WHERE SOFTWARE IS EATING WORK
2023 on pace for record tech layoffs
Tech companies have fired nearly a quarter million employees year to date. The good news? The pace has slowed in recent months. See the data.
But keep the faith, for here are some new jobs being created by AI:
MEETING THE NEW AI UNICORNS
15 AI-based companies have become Unicorns this year (worth more than $1 billion), according to Crunchbase. These new leaders demonstrate that we’re still in the “infrastructure” phase of the program as five are LLMs and another five are AI platforms.
AMAZON’S RESULTS BOOSTED BY AI
|Can Gen AI hype turn into real revenue? Amazon provided answers this week during their earnings call: “Our Generative AI business is growing very, very quickly” and the AI opportunity is worth “tens of billions [for AWS]” stated Amazon CEO Andy Jassy. The stock popped on the statements.|
AND ONE MORE THING….
White House Executive Order on AI
Focal points are: 1.) Promoting Innovation, 2.) Investing in the AI Workforce, 3.) Ensuring Responsible Use of AI, and 4.) Protecting Civil Rights and Safety. Will it be catalytic or another reflection of the nine most terrifying words in the English language (“I’m from the government, and I’m here to help.”)?