Web3 Diaries-Godfather Of AI Resigns From Google
An Artificial Intelligence (AI) pioneer, nicknamed the “Godfather of AI” has resigned from his position at Big Tech firm Google so he could speak more openly about the potential dangers of the technology.
Before resigning, Dr. Geoffrey Hinton worked at Google on machine learning algorithms for more than a decade. He reportedly earned his nickname due to his lifelong work on neural networks.
However, in a tweet on May 1, Hinton clarified that he left his position at Google “so that I could talk about the dangers of AI.”
7800 Jobs At IBM Could Be Replaced By AI Within Years, Suggests CEO
International Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for “back-office” roles that could be potentially automated by artificial intelligence (AI) instead.
IBM CEO Arvind Krishna explained in a May 1 interview with Bloomberg that many “back-office” positions such as those in the human resources and accounting departments will likely be the first to be automated by AI.
The IBM boss added he could “easily” see 30% of these positions replaced by AI over a five-year period.
IBM employs 282,000 employees globally according to LinkedIn and according to Bloomberg has around 26,000 non-customer-facing staff — meaning around 7,800 jobs could be handed over to AI.
MicroStrategy’s Bitcoin Conviction ‘Strong’ As It Posts Q1 Profit
Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin investment strategy after turning its first quarterly profit since 2020.
The Michael Saylor-founded firm went back into the green in the first quarter of 2023 with a profit of $94 million, which was largely attributed to a one-time income tax benefit of $453.2 million.
In addition to the tax benefit, the firm cashed in $121.9 million in revenue, up 2.2% from the same time last year.
Phong Lee, the firm’s CEO, explained in the May 1 statement that MicroStrategy’s “conviction” in its Bitcoin investment strategy is as “strong” as ever.
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