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Cathie Wood, CEO of ARK Invest, highlighted AI as a transformative force at the Tampa Bay Innovation Center's B2B startup showcase. During the event, she discussed how AI, blockchain, and other disruptive technologies are reshaping industries. The panel emphasized the importance of domain expertise and innovative approaches over traditional financial analysis.
Wood pointed out the significant cost reductions in training AI models, showcasing a dramatic drop from $4 billion to $4 million for models like GPT-3. The discussion also covered AI's potential in various sectors, including healthcare and defense, with Palantir being a prime example of leveraging AI for efficiency. The collaboration between TBIC and organizations like Embarc Collective aims to foster innovation and attract talent to the Tampa Bay area.
• AI is the biggest catalyst accelerating technological progress.
• Cost to train AI models has dramatically decreased, enhancing accessibility.
AI is discussed as a transformative technology driving innovation across various sectors.
The cost to train models like GPT-3 has significantly decreased, democratizing AI development.
The rapid decline in AI training costs allows more startups to access advanced technologies.
ARK Invest focuses on disruptive innovation, particularly in AI and blockchain technologies.
Palantir integrates AI into business workflows, enhancing productivity across various sectors.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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