Bill Gates believes AI could put Amazon, Google and Shopify in big trouble
Billionaire philanthropist Bill Gates has some knowledge of technology. The entrepreneur is best known as the co-founder of Microsoft, which he reportedly founded in his home garage. Microsoft is now the second most valuable company in the world with a market capitalization of $2.38 trillion. So when Bill Gates talks about technology, investors tend to listen.
At the Goldman Sachsand SV Angel AI Forward 2023 event, Gates said the race to develop the best AI-powered digital assistants, or personal agents, as he calls them, has begun. Technology has a dramatic impact on the future. In fact, if Gates is correct, it could be a big problem for Amazon (AMZN 2.93%), Shopify (SHOP 1.09%), Alphabet (GOOG 0.76%) (GOOGL 0.74%) and others.
Given Gates’ tech pedigree, should investors run out of stakes in these tech giants and sell them? not so soon
Changing the face of technology as we know it
Recent advances in the AI space are compelling, as evidenced by next-generation chatbots such as ChatGPT, the brainchild of tech startup OpenAI. While challenges remain, this technology marks the next big advance in conversational and generative AI. The ability of these AI models to have human-like conversations, answer complex questions, and summarize complex data has surprised many.
Digital assistants like Amazon’s Alexa, Google Assistant, and Apple’s Siri have been around for years, but the progress ChatGPT showed, while still flawed, is light years ahead of its predecessor. I was.
Gates believes that the company that develops the first truly revolutionary personal agent will change the course of human development, disrupt existing technology, and change human behavior in the process.
As AI continues to accelerate and create tools that can understand human wants and needs, it will be deep enough to cause fundamental changes in behavior. “Whoever gets a private agent, that’s a big deal because you’re never going to a search site, you’re never going to a productivity site, you’re never going to Amazon,” Gates said.
Of course, such tools have not yet been developed. And while it will be a while before it is ready for mainstream use, recent advances in AI are bringing us one step closer. Gates suggested that such a personal agent could understand an individual’s habits and help them, for example, “read what they don’t have time to read.”
When asked who would develop this disruptive technology, Gates said it was a 50/50 chance it would be an incumbent tech giant or a start-up. He continued, “I would be disappointed if Microsoft wasn’t there. But I’m impressed with some startups, including Inflection.” This was a reference to Inflection.AI, a machine learning startup co-founded by former DeepMind executive Mustafa Suleyman and his LinkedIn co-founder Reid Hoffman.
not everyone agrees
While these latest AI models are making progress, not everyone agrees that they still have a long way to go and the future is imminent. “Performance should not be mistaken for confidence,” said Rodney Brooks, a renowned roboticist and AI expert.
Brooks would know. He is a Fellow of the Australian Academy of Sciences, a former Professor of Robotics and Director of MIT’s Computer He Sciences and his AI Laboratory. When discussing the state of large-scale language models (LLMs) behind evolving chatbot technology, he said, “When you really look into it, it doesn’t have the logical reasoning it seemed to have. I understand,” he said.
In working with LLMs, he noted that while these chatbots appear confident, they can be very wrong, adding: .. It is not the same as intelligence. It’s not the same as dialogue. It’s about looking into it. “
This, in a nutshell, explains the current limitations of these next generation chatbots. They’re very good at finding data, but they don’t have the logic to discern whether the information they’re conveying is meaningful.
For investors with stakes in Amazon, Shopify and Alphabet, considering the limitations of this technology in honor of Bill Gates, there’s no need to rush to hit the sell button — at least not right now.
John McKee, former CEO of Amazon subsidiary Whole Foods Market, is a member of the Motley Fool’s board of directors. Alphabet executive Suzanne Fry is a member of the Motley Fool’s board of directors. Danny Vena has held positions at Alphabet, Amazon.com, Apple, Microsoft and Shopify. The Motley Fool has positions in and endorses Alphabet, Amazon.com, Apple, Goldman Sachs Group, Microsoft and Shopify. The Motley Fool has a disclosure policy.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
- Bill Gates believes AI could put Amazon, Google and Shopify in big trouble
- Here are the road closures for Ottawa’s race weekend
- Imran Khan’s medical report shows alcohol and cocaine use, claims Pak’s health minister
- Ketum Projo called Jokowi is still trying to make Prabowo-Ganjar duo
- Over 70 Bollywood celebrities, including 20 A-list stars, line up for the 23rd IIFA – The Munsif Daily | Latest India News | world news
- Weinberg’s Career Day Earns Offer to NCAAs
- World first as UK hosts inaugural test of AUKUS AI and autonomy
- The plane door opens in mid-air
- Donald Trumps Nasty Ron DeSantis Nicknames, Ranked
- Actor Jefferson Machado found dead in a trunk buried at his Rio home
- Elon Musk’s Neuralink Gets FDA Approval for Human Trials: What You Need to Know
- Quarterly financial results report March 2023