AI Roundup, April 25: Meta CEO Mark Zuckerberg announced an expansion in AI investments to stay ahead of competitors like Google, Microsoft and other tech giants. The company also assured investors of monetization opportunities. In other news, Duolingo highlighted that one of the reasons for their layoffs was AI adoption. Learn more about what happened in the world of AI.
- Meta plans to increase its AI investments
Meta CEO Mark Zuckerberg revealed that the company will spend billions of dollars to join the AI race with tech giants Microsoft, Google and OpenAI. “We expect capital expenditures to continue to increase next year as we aggressively invest to support our ambitious AI research and product development efforts,” Chief Financial Officer Susan Lee said in a statement, according to Bloomberg. ” report,
2. Duolingo highlights AI as a major factor in layoffs
Language learning platform Duolingo recently announced layoffs of 10 percent of its contractor workforce. However, recently in Forbes reportThe company shared that one reason for its layoffs was AI. “AI is a tool we are using to accelerate our product development and make learning with Duolingo more engaging and effective,” the company said. There are some jobs like translation work where AI is a powerful option.
3. TCS CEO reveals AI could take over jobs in call centers
K Krithivasan, chief executive, Tata Consultancy Services, highlighted that with the increasing use of AI, the need for call centers will reduce. It also highlighted how technology can improve the needs of how customer support centers work. “In an ideal phase, if you ask me, there should be very few incoming calls to incoming call centres,” Krittivasan said, according to the Financial Times. report,
4. A survey highlights that global tech leaders are not ready for AI
Chief Information Officers of Lenovo Group Ltd. conducted a survey that revealed that IT leaders and businesses around the world are not ready for AI technology. Many companies do not have corporate policies on ethical use and 42 percent said they do not expect to earn a return on AI investments. “This is driven by the clear promise of AI adoption, as well as the pressure from IT leaders to prove the value of these investments,” said Ken Wong, president of Lenovo’s Solutions and Services Group, according to Bloomberg. report,
5. XPeng artificial intelligence training upgrade to enter the super fast cycle
Chinese electric vehicle (EV) maker Xpeng revealed that it will significantly improve and update software and AI features for a “super fast cycle” of upgrades starting in May. It was highlighted that the software will be upgraded every 2 months to provide fresh features. “This year, I believe Xpeng will far surpass all of China’s autonomous driving technology rivals,” He Xiaopeng, founder and CEO of the automaker backed by Germany’s Volkswagen, said, according to Reuters. report,
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