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Google CEO Sundar Pichai stated that the rapid development of generative AI is slowing, as the "low-hanging fruit" has been picked, making future breakthroughs more challenging. Incremental improvements in current models like ChatGPT and Gemini are expected, but a significant shift in AI's impact on daily life is unlikely by 2025. Meanwhile, industry jobs related to AI are becoming more lucrative, with AI trainers earning over $64,000 and prompt engineers over $110,000 annually.
Self-driving cars, like those from Waymo, face vandalism as public anxiety about AI grows, reminiscent of historical tech protests. Meanwhile, Planted Solar's AI-enabled robots promise to revolutionize solar panel installation, addressing labor shortages and speeding up construction significantly. However, the rise of automation raises concerns about job displacement and the quality of work in the evolving energy sector.
AI startups are increasingly returning to in-person work in San Francisco, with many requiring employees to be in the office four or five days a week. This shift comes as companies seek to foster collaboration and culture, despite challenges in hiring and the high cost of living. The office market remains competitive, with AI firms driving leasing activity amid rising vacancy rates.
TikTok's parent company, Bytedance, has lost an appeal against a US court order requiring the sale of the popular video platform, with the case now likely heading to the Supreme Court. The law, enacted by President Biden, mandates the sale by January 19 or face a ban from US app stores, amid concerns of user data misuse linked to the Chinese government. The appeals court upheld the government's stance on national security, dismissing TikTok's claims of speculative concerns and censorship.
TikTok faces a deadline of January 19 to find a new owner or risk a ban, following a federal court ruling that critics argue threatens free speech online. Billionaire Frank McCourt and other investors are interested in acquiring the platform, while legal experts warn that app stores could face penalties for hosting TikTok. The Supreme Court may intervene, potentially pausing any ban.
OpenAI has launched a new $200 monthly subscription for its ChatGPT Pro, providing unlimited access to its advanced AI models, including an enhanced reasoning model. This upgrade aims to improve performance in complex tasks like math and coding, addressing the high costs of developing cutting-edge AI. The company also continues to offer a more affordable $20 ChatGPT Plus subscription.
Waymo plans to expand its robotaxi service to Miami, starting with human safety drivers in 2025 and launching the service via the Waymo One app in 2026. This move reflects the company's confidence in operating in challenging weather conditions, building on previous tests in the city. With a recent $5.6 billion funding round, Waymo continues to grow its operations, now offering over 150,000 paid rides weekly across major U.S. cities.
Terence Koh, founder of Genk, opted for a private criminal prosecution after a civil suit for data theft yielded insufficient deterrence. He criticized Singapore's lack of specific trade secrets legislation, noting that existing laws inadequately address commercial data theft, which undermines business security. Koh's case highlights the urgent need for stronger legal frameworks to protect proprietary information in the digital age.
At the Business Agility Day in Zurich, over 600 leaders gathered to discuss innovation and efficiency, with a keynote by Microsoft’s Boris Scholl on AI's role in productivity. UBS executives detailed their Agile Delivery Organization's evolution, emphasizing client-centricity and revenue-generating product development. Julius Bär's Patricia Kleinle highlighted the importance of fostering creative openness, while Kosovo's Prime Minister Albin Kurti shared insights on digital transformation.
Over 600 managers gathered at the Business Agility Day in Zurich to explore strategies for innovation and efficiency, with a keynote by Microsoft’s Boris Scholl emphasizing AI's role in enhancing productivity. UBS showcased its Agile Delivery Organization, which empowers teams to operate like mini-companies, focusing on customer needs and operational excellence. Patricia Kleinle from Julius Baer highlighted the importance of fostering an open environment for idea exchange to achieve top performance.
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