Google unleashes AI upgrades, McKinsey on generative AI, and more! | Fetch.ai Newsletter | Issue 31/08/2023
Midjourney Promt: Small drones working together to build a skyscrapper.

Google unleashes AI upgrades, McKinsey on generative AI, and more! | Fetch.ai Newsletter | Issue 31/08/2023

Welcome to the latest edition of the Fetch.ai Newsletter!?

Delivered to your inbox every fortnight, we'll bring you the latest insights and innovations in the world of artificial intelligence. This digest is your essential guide to all things AI.

In This Issue

  • Google announces a slew of AI upgrades.
  • McKinsey weighs in on the future of generative AI.
  • Can AI speed up construction?
  • The Big Story: The Processing Power Problem.
  • Quick Scoops: Hugging Face raises funding, Tesla’s new supercomputer, and more.


Must Read

Google unveiled a swath of fresh AI tech and partnerships at their event

Google's recent enterprise advancements in AI were unveiled at the Google Next conference in San Francisco. They introduced new AI chips, a tool named SynthID to watermark AI-generated images, and 20 additional AI models to their collection. Also notable is their TPU v5e chip, which can be combined in batches of 256 to create a supercomputer. Read more about the event here.


What’s the future of generative AI? An early view in 15 charts by Mckinsey

McKinsey predicts the future of Generative AI to significantly reshape global industries, with the potential to add $4.4 trillion annually to the economy. From boosting developer efficiency to reinventing marketing strategies, generative AI's potential is vast. Dive deeper into McKinsey's insights and discover how gen AI might revolutionize your sector.?


A.I. can’t build a high-rise, but it can speed up the job

The construction industry is undergoing a digital transformation, with AI at its forefront. Tools like drones, cameras, and robots are revolutionizing how projects are managed, reducing time and costs. Despite challenges with data collection and AI accuracy, the promise of improved efficiency and safety is turning the tide. Dive into how startups, tech firms, and construction giants are harnessing AI to redefine the future of construction. Read the full article by NYT here.



The Big Story: The Processing Power Problem

AI’s transformative potential is undeniable, but its growth brings pressing challenges - importantly, the soaring demand for computational power. As AI models get more intricate, they stress current hardware capabilities. Giants like Nvidia and AMD play pivotal roles in the AI GPU market, but even their impressive contributions seem minuscule against the industry's vast needs. Coupled with these computational demands is the environmental impact - data centers guzzle energy and water. As we venture further into the AI era, a balance between innovation and responsibility is essential. Read more.



Quick Scoops

Important AI news scoops that you need to know:

?? Hugging Face raises $235M

?? Tesla fires up new AI supercomputer

?? Fox Sports taps Google Cloud for generative AI capabilities

?? OpenAI nears USD 1 Billion in annual sales

We hope you enjoyed this edition of the Fetch.ai Newsletter! If you want to read more of these stories - be sure to subscribe to our newsletter to stay up-to-date on the latest AI news.


look at #oraichain for artificial intelligence services, here artificial intelligence and blockchain are integrated with each other, soon everyone will be talking about this project??

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