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Illustration of the NVIDIA logo.
Hard Numbers: Delayed chip exports, Three-day workweek, Tim Cook’s view on regulation, Concern vs. excitement, Security pact
1.9%: NVIDIA is building new computer chips to sell to China that are compliant with updated US export regulations. But the California-based company recently announced a delay in the release of those chips until Q1 2024, citing technical problems. In response, NVIDIA’s high-flying stock, which took the company’s valuation north of $1 trillion this year, fell 1.9% on Friday.
3: Microsoft co-founder Bill Gates doesn’t think AI is going to take everyone’s job, but he does think it could lead to a three-day workweek. “I don't think AI's impact will be as dramatic as the Industrial Revolution,” Gates told Trevor Noah on the comedian’s podcast, “but it certainly will be as big as the introduction of the PC.”
18: Apple CEO Tim Cook thinks that generative AI needs “rules of the road and some regulation,” which he expects will come in the next 18 months. “I think most governments are a little behind the curve today,” Cook said on a podcast with the pop singer Dua Lipa. “I think the US, the UK, the EU, and several countries in Asia are quickly coming up to speed.”
52%: More Americans, some 52%, are concerned about the use of AI than they are excited about it, according to a Pew Research Center survey. Ten percent are more excited than concerned, and 36% have mixed feelings.
18: A group of 18 countries, headlined by the US and UK, announced on Sunday that they had signed a pact to ensure AI systems are safe from cybersecurity threats. The commitments are voluntary but offer guidelines to companies developing AI systems at a time when governments are still in the early stages of crafting regulation to rein in the emerging technology.
What the tech antitrust hearing did and did not prove
What happened at the antitrust hearings this week?
Well, CEOs of Apple, Amazon, Google, Facebook testified in front of the Subcommittee in Antitrust of the House Judiciary Committee for five hours. There's a fair amount of nonsense and conspiracy talk, but mostly it was a pretty good hearing where the House members dug into questions about whether four companies abused their market positions to their advantage? Whether they used predatory pricing to drive competitors out of the market? Whether they used inside information from their services to identify and then copy and kill competitors? And the evidence that was presented, if I were to sum it up quickly, is, yes, they did do that. They did abuse their market power. But what wasn't presented was clear evidence of consumer harm. We know they acted in ways that distorted capitalism, but were people really hurt? That's a big question. I look forward to their report.
