AI's Increasing Role in Finance

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Welcome to Crawl Walk Run AI, curated by Brad Reynolds. I hope you're enjoying this weekly newsletter focused on keeping you informed about the AI world. Let me know if there are any topics you'd like to read about!

Microsoft & Open AI - Cloud Competition
CNBC

• MS loses exclusivity as OpenAI's computing provider, inviting competition.

• OpenAI can now consider other cloud providers when expanding infrastructure.

• Major AI infrastructure project announced, with Oracle, Microsoft, and Softbank.

• Oracle's involvement boosts shares; first data centers under construction in Texas.

The Voice of Claude
TechCrunch

• Anthropic is releasing a "two-way" voice mode for its chatbot, Claude.

• A new memory feature allows Claude to remember users and past conversations.

• Anthropic plans to launch smarter AI models in the coming months.

• The company is seeking $2 billion in funding at a $60 billion valuation.

AI’s Expanding Role in Finance
KPMG

• 71% of financial companies use AI; 41% employ it extensively.

• Generative AI sees growing use with positive return on investment reported.

• Data security and skilled worker shortage are major challenges for AI adoption.

• AI in financial reporting to rise from 30% to 83% usage in three years.

Google Works on Simulating the World
AI Revolution: YouTube

• DeepMind aims to build AI simulating real-world physics with multimodal data.

• Scaling hypothesis drives AI advances, despite environmental and data limits.

• Gemini 2.0 anticipated to elevate real-time simulation and modeling capabilities.

• Free AI features in Google Workspace aim to accelerate AI adoption and feedback.

AI Poised to Transform the Workforce
Axios

• OpenAI set to unveil Ph.D.-level AI super-agents for complex tasks soon.

• AI advancements may replace mid-level software engineers and creative roles.

• Super-agents perform tasks with precision, akin to a highly skilled professional.

• Reliability and trust in AI are challenges for successful deployment.

AI Enhancing Skills and Automation
Workable

• This is a deep dive into AI by Workable - recruiting and hiring experts using AI.

• AI aids decision-making with fast insights, promoting unbiased business choices.

• Communication and project management see improvements through AI.

• Ethical AI use is crucial; focus on privacy and reducing algorithmic biases.

If you have any data or AI topics you'd like us to cover, or if you have questions about implementing Artificial Intelligence in your organization, please reach out!  It's a pleasure exploring this new world of technology with you all.

Sincerely,
Brad