Why Elon Musk thinks AI will surpass humans by 2026 (and why he may be wrong)

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News & Trends 📢

1. Highlights from the Google Next 2024 event in Las Vegas (ongoing):

   

   - Gemini is coming to Google Cloud i.e. AI features for developers
   - Generative-AI powered tools for organisational security
   - Nvidia’s Blackwell platform will be available on Google Cloud
   - AI-based features for Google Workspace (Gmail, Sheets, Docs)
   - Open-source tools and Gemini 1.5 lookthroughs
   More Details: Techcrunch Link

   
   

2. TikTok launching an Instagram rival

3. Elon Musk believes AGI (Artificial General Intelligence) rivalling humans shall emerge by 2026

   

   Elon Musk predicts AI will surpass human intelligence by next year if electricity and hardware supply meet demands. He expects AI capabilities to exceed all human intelligence within five years. Recent AI advancements have accelerated progress beyond expectations, despite earlier predictions and supply constraints.
   
   Editor’s Note: And this collation of expert opinion is why we disagree with Musk and believe that AGI is much further away

   
   

4. US to provide Samsung up to $6.6b in subsidy for US chip manufacturing - with Samsung committing around $44b

5. How did a Youtube Channel called “Dude Perfect” land an investment of over $100m by a PE fund: News Link

   

   
   

6. Bitcoin may rally to $80k, as per technical analysis

7. Why Symbolic AI may emerge victorious in the AI Arms race of deep learning / LLMs
   Due to the limitations of current AI scaling practices, many are advocating for "structured" AI models (known as Symbolic AI) that reduce computational demand through data structure encoding. George Morgan (an ex-Tesla engineer) founded his startup, Symbolica AI, to focus on creating innovative AI models that achieve efficiency and accuracy with fewer resources.

Deep Dives 💬

Uber’s Virtuous Cycle - by Andrew Chen (Partner at a16z & Bestselling Author of “The Cold Start Problem”)

AI Platforms, Markets, and Open Source - by Elad Gil (Serial Entrepreneur & Investor)

Term of the Day: Agile Vs Waterfall
Agile and Waterfall are two methodologies used in software development and project management. Agile is iterative, allowing for more flexibility and adaptation as the project progresses, with work divided into sprints. Waterfall, on the other hand, is linear and sequential, where each phase must be completed before the next one begins, making it less flexible to changes.

"When we started our software project, we debated between Agile and Waterfall methodologies. We chose Agile because we knew our requirements might evolve, and indeed, the ability to adapt quickly to client feedback in each sprint has been invaluable."