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🕰️ Cohen: AI Revolution Will Take Decades, Despite Recent Volatility

Billionaire Investor Remains Bullish on Long-Term AI Potential

Hello! 👋👋

Here are 5 things you missed today in the world of AI. Because we get it, life is busy & who has the time to sit around and keep up with the fastest moving industry right now - here are 5 things we think you need to know in the world of AI.

1 -🕰️ Cohen: AI Revolution Will Take Decades, Despite Recent Volatility

Despite the recent market turmoil sparked by a Chinese AI startup, billionaire investor Steve Cohen remains confident in the long-term transformative power of artificial intelligence. He acknowledges the potential for volatility and misinformation but believes the AI revolution, while gradual, will significantly impact various aspects of life and business. Cohen's firm is also launching a new AI-focused hedge fund to capitalize on this burgeoning sector.

2 - 🇨🇳 China's DeepSeek Shakes Up AI World with Groundbreaking Model

DeepSeek, a Chinese startup, has developed a new AI model that rivals American giants like OpenAI and Google. DeepSeek R1 is nearly as powerful but cost a fraction of the price to build. This breakthrough has sparked a national conversation about China's potential to lead in AI innovation.

3 - 🙀 DeepSeek's Seismic Shift: AI's Power Grab Challenged

DeepSeek's revolutionary AI model, built on a fraction of the budget and resources of competitors like OpenAI, has sent shockwaves through Silicon Valley. 1 This breakthrough challenges the prevailing narrative that AI development requires massive investments and immense computing power, potentially reshaping the entire industry and forcing a reevaluation of current strategies.

4 - 🪿 Block Unleashes Goose: Open-Source AI Agent Promises Productivity Boost

Block, the technology company founded by Jack Dorsey, has officially launched Goose, an open-source AI agent. This powerful tool, capable of automating tasks from simple to complex, aims to save developers up to 20% of their time and democratize access to AI technology for users across various sectors.

5 - 🏛️ White House Scrutinizes Chinese AI App DeepSeek Amid National Security Concerns

The White House is investigating the Chinese AI app DeepSeek over national security concerns, following a global tech stock sell-off triggered by the release of its advanced AI models.  The National Security Council is reviewing the app's potential security implications, while the administration emphasizes the need to restore American dominance in AI development.

Written by AI Bulletin team - Australia
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