In recent developments, key figures and companies have emphasized the growing significance of artificial intelligence (AI) across various industries.1
Nvidia CEO Jensen Huang declared “the age of AI has started” during a speech at the Hong Kong University of Science and Technology, where he received an honorary doctorate in engineering.1 As the leader of a top AI chip maker, Huang’s statement underscores the rapid advancements in AI technology.1
Meanwhile, the United States continues to lead in AI-related private investment, reaching $67.2 billion in 2023, significantly surpassing China’s $7.8 billion.2 This represents a 22.1% increase for the US since 2022, while China and the European Union experienced declines in AI investments.2
In the financial sector, Federal Reserve Governor Michelle Bowman emphasized the need for regulators to be open to AI adoption.3 Speaking at a symposium hosted by Harvard Law School and the Program on International Financial Systems, she stated, “As regulators, we must have an openness to the benefits that new technologies can provide while considering and addressing risks in a thoughtful way.”3
Additionally, AI chip startup MatX has reportedly raised $80 million in funding.4 The company aims to offer extremely low latency for AI models with 70 billion parameters and plans to provide customers with “low-level control over the hardware.”4
In consumer technology, Apple is reportedly developing an AI-powered version of Siri, codenamed ‘LLM Siri,’ to compete with ChatGPT and Google’s Gemini.5 The new Siri is expected to be part of Apple’s AI offering called Apple Intelligence and may be previewed in upcoming iOS 19 and macOS 16 updates in 2025.5
These developments signify a collective momentum in AI advancement, with industry leaders, investors, regulators, and tech giants all acknowledging the transformative potential of AI technologies.
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