AI gold rush continues as Microsoft invests $1.5B in UAE's G42

Microsoft has confirmed a $1.5 billion investment in G42, a United Arab Emirates (UAE) AI biz. The splurge is intended to deliver AI solutions using Azure across the Middle East, Central Asia, and Africa. According to Microsoft, the agreement is backed by assurances to the US and UAE governments that best practices will be …

[Tron]

Flushing cash down the lavvy.

Like the previous overhyped tech bubbles: VR, AR, the metaverse, blockchain, NFTs, AI will grab the headlines and investment for a couple of years before becoming either a niche product or a failure. The niche most likely being a 10th rate, universally hated cheap substitute for people on customer helplines.

All this cash is being wasted, yet so little is going into stuff that would actually work and be beneficial, like distributed systems - more resilient, more private, and cheaper to operate by design. Especially distributed social media.

Whatever - follow the herd and lose your cash, to failure or regulators.

[Peter-Waterman1]

Re: Flushing cash down the lavvy.

I disagree. To me it feels like the 90's internet gold rush. AI will change the world in equally significant terms as the internet if not more. The first movers will be the winners. But what do any of us know, I guess?

[Zolko]

Re: Flushing cash down the lavvy.

Google plans to spend more than $100 billion on developing AI tech

They are spending virtual money on some virtual technology ... seems legit. Time to build that Ark-B ship, we have many candidates to man it