AAIA's AI Beat Newsletter: Upcoming chapter events, the week's news, Chapter President Spotlight: Pablo Biggs (Latin America)

In today’s newsletter:

• Upcoming chapter events:  November 18, 2024:  AAIA Portland, Oregon/Southwest Washington State Chapter Social Hour

• Recent AI news stories that caught our (and Perplexity AI’s!) eye

• Chapter President Spotlight: Pablo Biggs, AAIA Latin America Chapter

• Become an AAIA member

AI in business and the enterprise news:

Here’s what Perplexity AI said were notable news stories over the last week:

• Altman predicts AGI in 2025 (The Rundown AI newsletter, November 11, 2024)

  • “OpenAI CEO Sam Altman just predicted that artificial general intelligence will be achieved in 2025, coming alongside conflicting reports of slowing progress in LLM development and scaling across the industry.”

  • “In an interview with YC founder Gary Tan, Altman said the path to AGI is ‘basically clear’ and will require engineering, not new scientific breakthroughs.”

  • Referenced in the article:

    • Y Combinator interview on YouTube: “How To Build The Future: Sam Altman”

    • Sam Altman’s essay, “The Intelligence Age” (September 23, 2024)

• 57 NEW Artificial Intelligence Statistics (Nov 2024) (Exploding Topics, November 5, 2024)

  • “Top AI Statistics (Editor's Picks)

    • The global AI market is valued at over $196 billion

    • AI industry value is projected to increase by over 13x over the next 6 years

    • The US AI market is forecast to reach $299.64 billion by 2026

    • The AI market is expanding at a CAGR of 38.1% between 2022 to 2030

    • By 2025, as many as 97 million people will work in the AI space

    • AI market size is expected to grow by at least 120% year-over-year

    • 83% of companies claim that AI is a top priority in their business plans”

• Generative AI Is devouring the world and businesses must adapt to thrive (FastCompany.com, November 7, 2024)

  • “For me, the most profound takeaway from the study is the unprecedented velocity with which generative AI is being adopted and the unprecedented rate of change it’s driving in the average enterprise.”

  • “To put this meteoric adoption curve into perspective, the modern internet took seven years to reach 100 million users and the better part of two decades to truly mature, with approximately 5.35 billion of Earth’s 8 billion people using it as of March 2024. ChatGPT 3 secured 100 million active users in just two months. Moore’s Law just got a turbo boost.”

  • “As you develop your AI cloud strategy, decide whether to go all-in or take a more measured hybrid approach to support your business needs. The important thing is to ensure you can deliver data with speed and velocity to keep your AI initiatives on track.”

• Online Education Company Chegg to Lay Off Staff as AI Tools Weigh on Revenue Targets (Wall Street Journal, November 12, 2024)

  • “Online education company Chegg is laying off 319 employees, 21% of its total staff, and said it expects to fall short of its previously announced financial targets for next year as artificial-intelligence tools continue to eat into its online homework solutions business.”

  • “The company, whose stock has fallen 99% since 2021, has already been impacted by students turning to ChatGPT and other AI chatbots rather than paying for study help from Chegg.”

• Apple is back in the server business (Computerworld, November 7, 2024)

  • “Today, with what is arguably the world’s most performant low-power computer chips rolling off production lines, the Apple Silicon opportunity means the company is returning to the server market; it’s tasking Foxconn with making M4-powered servers to run Apple Intelligence as that service gets rolled out globally over the coming year.”

  • “To protect the flow of data, the company’s Private Cloud Compute is a server-based Apple Intelligence rig that lets Mac, iPhone, and iPad users exploit Apple’s own AI in the cloud. What’s important about the service is that it maintains the high privacy and security we already expect from Apple. That means Apple won’t get to see or keep your data and will not know what you’ve requested. “Private Cloud Compute allows Apple Intelligence to process complex user requests with groundbreaking privacy,” said Craig Federighi, Apple’s senior vice president of software engineering.”

  • “The idea is that you can use these LLM tools with peace of mind — the kind any rational person will require when handling their own information. I’ve argued before that this is what every cloud-based AI service should strive to deliver, though I don’t think they will; too many business models are based around capturing, exploiting, and even selling information about their users. That’s why some companies ban staff from using AI.”

• Transparent warfare: navigating privacy and ethics in the military use of AI (Biometricupdate.com, November 6, 2024)

  • “Military AI systems rely on vast amounts of data, much of which involves potentially sensitive or personally identifiable information (PII) that includes data from surveillance, biometrics, communications, and other intelligence sources. However, the collection and use of such data raise concerns about how privacy is protected, especially when it involves civilian populations or non-combatants. That’s according to a new report from the Canada-based Centre for International Governance Innovation (CIGI), an independent, non-partisan think tank.”

  • “There are significant challenges in managing military data, including issues of data bias, access control, security, and privacy. Ensuring that data is ethically sourced, properly curated, and aligned with legal frameworks is critical to avoid misuse or unintended consequences, the report says.”

AAIA Chapters updates:

We’ll be introducing a Chapter President to you each week.  This week, we feature Pablo Biggs, AAIA Chapter President for Latin America:

Company and position: Co-founder and Managing Director, Altreya Consulting LLC

Bio:

Pablo Biggs is the co-founder and Managing Director of Altreya Consulting LLC, a management consulting firm focused on increasing revenue, profitability, and value creation for its clients. With extensive experience in both consulting and executive roles, Pablo has been instrumental in developing and implementing strategic growth initiatives, driving digital transformation, and optimizing organizational structures for Fortune 50 companies and early-stage startups alike. His expertise lies in delivering innovative solutions, architecting new offerings, launching technology-based products and services, and designing global go-to-market strategies.

Pablo's approach to creating strategic business growth is based on three key principles: aligning vision with strategy and structure, emphasizing a clear measurable vision and honest customer feedback, and leveraging expertise in technology, strategy, and scalability to create sustained value. His impressive track record includes helping a Fortune 500 company emerge from bankruptcy, creating new revenue streams for PARC technologies, guiding a medical device company from venture funding to strategic acquisition, and developing integration strategies for major acquisitions in the medical industry. Pablo's straightforward methodology and diverse experience make him a valuable asset in driving innovation and growth across various industries.

Email Pablo Biggs at:  pablo@aaiaglobal.com

Our list of AAIA Chapters continues to grow!  If you live in a Chapter city/region and would like to get involved, email your city’s/region’s Chapter President.