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Google Says It Has the Best AI Tech. Will Users Follow?
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What's up: Enlightenment Era Man Group still ticking; Microsoft introduces tweak to AI pricing strategy; U.S. further tightens chip restrictions.
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Sundar Pichai, Google’s chief executive, recently told employees he believes the company’s Gemini AI technology has surpassed the capabilities of competitors. Photo: Kyodo News/Getty Images
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Good morning, CIOs. The expression "try Googling it" is starting to sound dated in the AI age. Caught flat footed by the launch of ChatGPT in late 2022, the search giant has been racing to catch up through its Gemini AI technology.
CEO Sundar Pichai recently told employees he wants the chatbot built on Gemini AI technology to be used by 500 million people by the end of 2025, WSJ's Miles Kruppa reports. Google hasn’t said how many people currently use Gemini, but market leader ChatGPT has about 300 million weekly users.
Google this. Last month Google’s newest AI technology jumped ahead of ChatGPT maker OpenAI’s technology on a rankings website watched by people in Silicon Valley.
Gemini is central to Google’s push to stay on the cutting edge of AI, a technology already starting to reshape the company’s core search and ads businesses. Expect CIOs too to be Googling progress. Read the story.
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Content from: DELOITTE
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Cloud Gets Lean: FinOps Makes Every Dollar Work Harder
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Deloitte Global’s “TMT Predictions 2025” report explores FinOps strategies companies can embrace to get the most out of cloud in 2025 and beyond. Read More
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London-based Man Group is beginning to commercialize its ArcticDB tool for analyzing a lot of data quickly. Photo: Man Group
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Enlightenment Era company still ticking. London-based Man Group dates to 1783, but that has not prevented it from acting like a tech startup 1/20 its age. The hedge fund built ArcticDB, an open-source tech tool capable of crunching billions of rows and millions of columns of data, the WSJ's Isabelle Bousquette reports.
“Think of it as like an industrial-scale crunching of enormous things that look a bit like Excel spreadsheets,” said Man Group Chief Technology Officer Gary Collier, referring to Microsoft’s ubiquitous spreadsheet tool.
The “tic” in its ArcticDB refers to tick data, or the minute individual price changes that occur every time a stock is traded, sometimes just microseconds apart.
Man Group is beginning to commercialize its product among customers like financial software and media company Bloomberg. Bloomberg signed on in 2023 and has been working with Man Group to build on the tool ever since. Read the story.
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Microsoft tweaks AI pricing strategy. The company Wednesday rolled out a new freemium service, Microsoft 365 Copilot Chat, that lets business customers create and use agents on a pay-as-you-go basis, GeekWire reports. The copilot is powered by OpenAI's Chat GPT-4o.
What will customers pay for AI? Microsoft last year rolled out its flagship Copilot AI product for businesses, but many remain unsure about its $30 a head per month price, the WSJ has reported.
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Synthesia raises $180 million at $2.1 billion valuation. Venture capital group NEA led the round for the London based startup, which uses AI to build avatar products. (FT)
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