Don’t expect something big that will change your life in 2025 amid the generative artificial intelligence frenzy. That’s the sentiment echoed by Alphabet (GOOGL) CEO Sundar Pichai, who believes it will take time for another technological breakthrough to change the AI landscape. When OpenAI launched ChatGPT, it sparked debate about how life would change significantly as tech giants work on new AI breakthroughs.
AI Breakthroughs
Even though tech giants led by Google, Amazon (AMZN), Microsoft (MSFT), and Meta Platforms (META) are working on various AI models, Pichai insists they are unlikely to come up with something game-changing. Pichai believes that progress will get more challenging as more profound breakthroughs are needed to capture people’s imagination.
Nevertheless, the Google executive expects the various AI models, including ChatGPT, Gemini and Meta Platform’s Llama, to become incrementally better. The improvements should push AI closer to generating profits for corporate users but not result in game-changing innovations. However, the innovations are unlikely to result in a seismic shift that changes how people think, leave or envision AI.
Microsoft’s CEO Satya Nadella shares similar sentiments, insisting that there hasn’t been much industrial growth since the seventy years of the Industrial Revolution. On the other hand, OpenAI CEO Sam Altman has a contrary view, insisting that AI progress is not walled off. Altman expects the slightest of AI development or change to hone the technology, making it increasingly practical for the population.
Nvidia China Probe
Meanwhile, Nvidia (NVDA) is under pressure amid reports that it is under investigation over possible violation of anti monopoly laws in China. The State Administration for Market Regulation has launched an investigation into the chipmaker in connection with the purchase of Mellanox and certain agreements made during the transaction. In 2020, Nvidia purchased the Israeli tech firm that develops server and data centre network solutions that are strengthening its edge on AI.
The announcement comes as the Biden administration announced a final round of restrictions on semiconductor toolmakers, escalating competition between the United States and China over chip-making capabilities. The announcement might also be a reaction to growing trade tensions as Donald Trump, the president-elect, prepares to take office in January and vows to impose high tariffs on goods from other countries.
To prevent China from bolstering its military, the United States has tightened restrictions on chip sales to China in recent years. The push has prevented Nvidia and other major semiconductor companies from selling their most cutting-edge AI chips. The business has endeavored to develop new goods that comply with U.S. regulations for sale in China.
Omnicom Group-Interpublic Deal
Separately, Omnicom Group (OMC) has agreed to pay $13.25 billion to acquire rival Interpublic Group in an effort to better compete with big tech companies in the face of the growing use of artificial intelligence in digital advertising.
By providing both advertising tools and marketplaces to buy and sell them, tech behemoths like Amazon.com and Google, owned by Alphabet, have recently drawn marketing funds away from traditional agencies. Traditional agencies have been forced to scramble to develop comparable in-house tools in order to retain clients. As a result, the growing use of AI tools enables businesses to create ads more quickly and at a lower cost.
