Meet the AI ​​leaders who are reimagining technology and business

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A year ago, AI was something a lot of people were talking about. today, AI will also have an impact in the business world. Increase business productivity and capacity. This can be anything from helping administrative staff work more efficiently, to helping customers deal with questions about their orders or services, to ensuring production runs smoothly, to designing ideas. and integrated into a variety of workplace technology applications. And companies in this space are creating tools for chatting, designing, and creating that are available to both businesses and individuals.

forbes6th Annual AI 50 Announced Today, Recognizing the most promising AI companies. They represent a wide range of fields, from chatbot giant his OpenAI to legal research tool Harvey to protein designer his Cradle. In total, he has raised $34.7 billion, nearly a third of which came from his $10 billion investment in OpenAI from Microsoft. Their reputation goes far beyond that. OpenAI is valued at $86 billion, Databricks is valued at $43 billion, and Anthropic is valued at $18.4 billion. The clients of the companies on the list range from governments to top consulting firms and corporations.

The companies above are forbes AI 50 shows how generative AI is adapting to different industries and the direction this technology may continue in the future. Technology experts often say that generative AI is a revolution that will dramatically change the way business is done. just like a personal computer That was 40 years ago. We are now at the beginning of that revolution. Some of the companies on the list have the potential to contribute as much to tomorrow’s world as the early computing pioneers.

forbes Staff writers spotlighted two of this year’s companies. forbes AI 50 List: Productivity software company Notion and AI-powered search engine Perplexity. We will discuss these companies in more detail later in this newsletter.

Policy + Regulation

Rather than pushing for a sale or ban of TikTok, the current Congress may be more focused on regulating the technology. Last weekend, a draft bill known as the American Privacy Rights Act was released by bipartisan committee chairs in both the House and Senate. This law is Create national standards that give people some control over their data. This will limit the data companies collect, store, and use to only what is “actually necessary to provide a product or service.” It would also prevent companies from using personal information to discriminate against users and allow users to opt out of targeted advertising. The bill would require users to be notified if their data is transferred to a foreign adversary, allow companies to stop using their data if they change their privacy policies, and protect their privacy rights. A lawsuit can also be filed if the copyright is infringed.

Legislation was enacted creating a federal framework for online privacy protection. Negotiations have been going on for years, but all parties have been unable to reach an agreement.. The bill must pass both chambers, and ranking committee members say they may want to make some changes. Democrats support strengthening children’s privacy protections, with Sen. Ted Cruz (R-Texas) “opposing any bill that would strengthen the Big of Big” New competitors leveraging technology by imposing significant regulatory costs and giving the FTC unprecedented power to be the arbiter of internet speech and DEI compliance. ”

One of the most difficult bills to pass through Congress Reauthorization of Section 702 of the Foreign Intelligence Surveillance Act (FISA)., rejected by the House of Representatives on Wednesday by a vote of 193-228. The law, which has always been controversial, would allow intelligence agencies to use FBI databases to conduct “targeted surveillance” of non-U.S. nationals overseas. The privacy of people targeted by FISA surveillance has long been a concern, but Wednesday’s vote (in which 19 Republicans voted against it) may have more to do with politics than privacy concerns. There is. Former President Donald Trump, who is running for re-election, implored members on Truth Social to “kill FISA,” a law he seeks to reauthorize to spy on the 2016 presidential election and ties to Russia. falsely claimed that it had been used illegally. .

From the headline

Google’s value has soared recently, with parent company Alphabet’s stock hitting an all-time high of $159.89 per share on Tuesday. This increases the company’s market value to $1.95 trillion, Analysts expect the company to exceed $2 trillion in the near future. Alphabet reached a $2 trillion valuation for a few minutes in 2021, but hasn’t reached it since. The only other companies to reach this peak are Apple, Microsoft, Nvidia, and Saudi Aramco.

The hype around AI has helped Google get to this point. The company, which is developing an AI chatbot called Gemini, is working on integrating AI into its namesake search engine. forbes Senior contributor David Phelan spoke with Hema Budaraju, Google’s senior director of product, about the company’s AI search efforts.She said the purpose of the company was Help users understand information and use generative AI to help On a complex information-seeking journey. For example, by answering the search question “When is the best time to plant daffodil bulbs?” and providing advice on that topic, we can provide you with detailed gardening information and a website you can visit to learn more. To do. Google is working on improving its AI search results to make them the most useful and easy to navigate, and Budajal said it is currently experimenting with different models in the US (although Google’s AI It is important to note that the search results and information provided are giving different results than traditional results. )

But Google also Focus on making other services and segments most valuable to users. forbes Senior contributor Tony Bradley wrote a feature on Google Cloud’s CISO office. This article highlights the various liaisons who work with companies using cloud services to help them get the most out of what Google has to offer.

artificial intelligence

While AI is often in the spotlight for its ability to revolutionize and bring about positive change across industries, it is also often misused. Last week, Microsoft’s Threat Analysis Center released a report detailing the following situations: Groups linked to China are using false social media accounts To gather information on how to disrupt the November US elections. Deploying AI-generated content Trying to sway public opinion. According to Microsoft, these efforts have so far shown limited effectiveness. But social media companies are taking note of their AI policies. Meta, owner of Facebook, Instagram, and Threads, strengthens its AI-generated and manipulated content policy, requiring prominent labels with information and context on AI-generated and digitally altered images, audio, and videos said.

UN Secretary-General António Guterres said Israel is using an AI program called “Lavender” to Identifying potential targets for war with Hamas in Gaza. Israel has been criticized for civilian deaths in the conflict, including a group of World Central Kitchen aid workers killed this month. The United States has not verified the report, but Guterres said “decisions of life and death” should not be “left to the cold calculations of algorithms.”

deep dive

Take a look forbes AI 50 Winners’ Puzzles and Concepts

Aravind Srinivas and Denis Yarats began their journey to develop today’s AI-powered search engine Perplexity by impressing several technology VIPs with a personalized demo in 2022. They include Yann LeCun, head of Meta AI, Jeff Dean, Google’s chief scientist, Nat Friedman, former GitHub CEO, Andrej Karpathy, co-founder of OpenAI, and prominent angel investor Ellad Giln. We covered things our model can do that Google can’t, like finding accounts that reply frequently. These leaders contributed $3.1 million to the company’s September 2022 seed round, which will see Srinavas, Yarats, and co-founders Andrew Konwinski and Jonny Ho invest in search engine development. I decided to go down this path.I am writing this today forbes magazine Rashi Shrivastava About 15 million people use Perplexity to get and summarize all kinds of informationcondensed into concise 4-5 sentence answers with citations and links to sources.

“It’s like a baby between Wikipedia and ChatGPT,” Perplexity CEO Srinivas told Shrivastava.

The company is currently valued at $1 billion and has raised $102 million in venture capital.. Although Perplexity has backing and fans from the upper echelons of today’s technology world, Google remains a behemoth in the search space. Srinivas remains optimistic about Perplexity, as he does not consider it a direct competitor to Google. There are some tasks that Perplexity can do better, like summarizing a long news article or getting instructions on how to renew your passport. However, Srinivas said people can easily use both search engines.

Notion, a productivity improvement app that utilizes AI, It seems like they are targeting Google in a competitive sense as well.. The company has software, editors for text, spreadsheets, databases, and calendars, adding more and more features over time and offering many customization options. Last November, we added an AI bot that can quickly display any information stored within Notion. Now users can simply query for information, such as key points from the previous week’s meetings, and get it back instantly. forbes magazine Kenrick Cai writes about the company, which has about 100 million users. forbes Estimation is profitable.

Notion co-founder Ivan Zhao founded the company with a simple concept: Users should be able to do everything in a word processor that they can do on paper.. As programming improved, it spread primarily by word of mouth. Currently, Notion is trying to compete with Google and Microsoft in the productivity suite market, but currently 99% of this market is controlled by these two giants.

“Our competition is the entire industry,” Zhao told Tsai. “If you’re making Lego, are you going to be competing with toy airplane or toy car companies? It’s both.”

facts and comments

Apple sent threat notifications to some users on Wednesday, informing them of a possible infection. Targeted by “mercenary spyware attacks.”

92: India is reportedly among the countries of users who received notifications a week before the start of the general election.

150+: Countries that have received similar notifications since 2021

“Some of the most advanced digital threats in existence today”: Apple’s Mercenary Spyware Attack Explained

video

What the 2024 AI 50 List Says About the Artificial Intelligence Industry

Strategy + Advice

Technologies, including generative AI, can go a long way toward making companies more innovative. but, Human creativity is essential to the success of a company. Here’s how to integrate both.

Not all leaders need to be extroverted. The “quiet leadership” of introverts can also benefit your company.

quiz

Congress sends investigation to Elon Musk Public opinion intensifies with a country’s highest court Through his X social media platform. The country’s highest court reportedly asked X to ban certain accounts, but Musk refused. What country are you in?

A. Nigeria

B. Brazil

C. India

D.Philippines

Please check if your answer is correct here.