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Zuckerberg sets sights on “General AI” at Meta

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Mark Zuckerberg, the CEO of Meta, has joined the race to develop Artificial General Intelligence.

While Zuckerberg has not defined a specific timeline or provided an exact description of AGI, he is committed to its creation.

In an interview, he also revealed his plans to relocate Meta’s AI research group, FAIR, closer to the team working on generative AI products within Meta’s apps, aiming to facilitate the direct application of AI breakthroughs to the company’s vast user base.

Limited engineers

Zuckerberg acknowledges the intense competition for AI talent in the tech industry, with numerous companies vying for a limited pool of researchers and engineers.

This competition has driven up compensation packages for experts in the field, with some commanding annual salaries exceeding $1 million.

Meta’s metaverse investment fails to halt VR decline

CEOs like Zuckerberg are actively involved in recruitment efforts to secure top talent and prevent researchers from defecting to rival companies.

Computing power

Apart from talent, another critical resource in AI development is computing power.

Zuckerberg announced that Meta is poised to become a dominant player in this regard.

By the end of the year, Meta is set to possess over 340,000 of Nvidia’s H100 GPUs, the preferred chip for building generative AI models.

This substantial GPU inventory is expected to surpass the capacity of any other individual company, signaling Meta’s commitment to advancing AI technology.

The Definition and Evolution of AGI

The concept of AGI lacks a precise definition, and Zuckerberg, like many others in the field, does not provide a concise description.

AGI represents a form of intelligence that encompasses diverse capabilities, including reasoning, intuition, and advanced problem-solving.

According to Zuckerberg, AGI’s arrival will likely be a gradual process rather than a singular event, making it challenging to pinpoint a specific threshold.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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News

How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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