Google Invests $300 Mil in AI

[Graybeard]

From FT.com --pay walled

Via Slashdot: from the pushing-the-limits dept.

Google has invested about $300mn in artificial intelligence startup Anthropic, making it the latest tech giant to throw its money and computing power behind a new generation of companies trying to claim a place in the booming field of "generative AI." From the report:

The terms of the deal, through which Google will take a stake of around 10 per cent, requires Anthropic to use the money to buy computing resources from the search company's cloud computing division, according to three people familiar with the arrangement.

Google's move highlights the influence that a small number of Big Tech companies have assumed over other companies working on AI, which need access to cloud computing platforms to handle the giant AI models developed by groups such as Anthropic.

The search company's investment also echoes the $1billon cash-for-computing investment that Microsoft made in OpenAI three years ago.

Late to the party Google? In Panic mode:
Implications for your SEO =unknown

 

[Graybeard]

"While the compute intensity of these products may pressure near-term cash flow/EBIT we are encouraged by GOOGL's headcount reductions and efficiency initiatives to protect FCF," said Morgan Stanley analysts, led by Brian Nowak.

The investment firm said that it expects Google's (GOOG.NaE) headcount reduction to save $4.2 billion per year and the company's free cash flow to increase by 3% in 2023 and by 6% in 2024."

AI is taking your jobs away.

What people are not seeing is Google will get more complex queries for its AI search function.
This function will increase in-depth understanding and the underlying program logic to render a useful SERP display.
If you thought SEO was a bitch now --wait until you see what is coming

 

[Graybeard]

and not 'just' search engines
>>>"Business leaders already using ChatGPT told ResumeBuilders.com say their companies already use ChatGPT for a variety of reasons, including 66% for writing code, 58% for copywriting and content creation, 57% for customer support, and 52% for meeting summaries and other documents.


In the hiring process, 77% of companies using ChatGPT say they use it to help write job descriptions, 66% to draft interview requisitions, and 65% to respond to applications.


“Overall, most business leaders are impressed by ChatGPT’s work,” ResumeBuilder.com wrote in a news release. “Fifty-five percent say the quality of work produced by ChatGPT is ‘excellent,’ while 34% say it’s ‘very good.'”<<<

Companies are already replacing workers with ChatGPT

That's despite warnings it shouldn't be relied on for 'anything important.'

fortune.com

 

[Honeybadger]

@Graybeard
seo is easy
chapgpt makes more easy