Lifeboat Foundation

GPT-4, PaLM, Claude, Bard, LaMDA, Chinchilla, Sparrow – the list of large-language models on the market continues to grow. But behind their remarkable capabilities, users are discovering substantial costs. While LLMs offer tremendous potential, understanding their economic implications is crucial for businesses and individuals considering their adoption.

While LLMs offer tremendous potential, understanding their economic implications is crucial for businesses and individuals considering their adoption.

First, building and training LLMs is expensive. It requires thousands of Graphics Processing Units, or GPUs, offering the parallel processing power needed to handle the massive datasets these models learn from. The cost of the GPUs, alone, can amount to millions of dollars. According to a technical overview of OpenAI’s GPT-3 language model, training required at least $5 million worth of GPUs.

Bobbi is SVP, Software Engineering at Loopio. She is a technology leader with over 25 years of diverse experience in the industry.

AI and emerging technologies under the AI umbrella—like generative pre-trained transformers (GPT)—are reshaping the business world. These technologies are fostering greater organizational efficiencies and innovations and are quickly becoming crucial for companies of all sizes.

The ability to automate processes and tasks opens up a plethora of new opportunities for organizations. When automation can scale with an organization, this can completely transform day-to-day operations. In this article, I’ll look at three ways that engineering organizations in particular can use AI to transform their organizational efficiencies, organizational structure and software practices and processes.

The world’s largest democracy is poised to transform itself and the world, embracing AI on an enormous scale.

Speaking with the press Friday in Bengaluru, in the context of announcements from two of India’s largest conglomerates, Reliance Industries Limited and Tata Group, NVIDIA founder and CEO Jensen Huang detailed plans to bring AI technology and skills to address the world’s most populous nation’s greatest challenges.

“I think this is going to be one of the largest AI markets in the world,” said Huang, who was wrapping up a week of high-level meetings across the nation, including with Prime Minister Narendra Modi, leading AI researchers, top business leaders, members of the press and the country’s 4,000-some NVIDIA employees.

NEW YORK—(BUSINESS WIRE)— Paige, a technology disruptor in healthcare, has joined forces with Microsoft in the fight against cancer, making headway in their collaboration to transform cancer diagnosis and patient care by building the world’s largest image-based artificial intelligence (AI) models for digital pathology and oncology.

“Unleashing the power of AI is a game changer in advancing healthcare to improve lives.” Tweet this

Paige, a global leader in end-to-end digital pathology solutions and clinical AI, developed the first Large Foundation Model using over one billion images from half a million pathology slides across multiple cancer types. Paige is developing with Microsoft a new AI model that is orders-of-magnitude larger than any other image-based AI model existing today, configured with billions of parameters. This model assists in capturing the subtle complexities of cancer and serves as the cornerstone for the next generation of clinical applications and computational biomarkers that push the boundaries of oncology and pathology.

Globalization is not dead, but it is changing. The United States and China are creating two separate spheres for technology, and artificial intelligence is on the front lines of this new “Digital Cold War.” If democracies want to succeed in this new era of “re-globalization” they will need to coordinate across governments and between the private and public sectors. AI is coming, whether we like it or not. We are at a fork in the road and all segments of society will need to pitch in to build AI systems that contribute to a just and democratic future where humans can thrive.

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Companies and countries need to prioritize collaboration and transformation over competition and disruption.

The Nordic KvarkenSpaceEco project, led by the University of Vaasa, has brought the Kvarken region into a new space age. Sustainable space economy and space-based data are now offering exciting business opportunities for companies in the region.

China plans to broaden a ban on the use of iPhones in sensitive departments to state companies and government-backed agencies. Tom Mackenzie reports on Bloomberg Television.
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The pharmaceutical industry operates under one of the highest failure rates of any business sector. The success rate for drug candidates entering capital Phase 1 trials—the earliest type of clinical testing, which can take 6 to 7 years —is anywhere between 9% and 12%, depending on the year, with costs to bring a drug from discovery to market ranging from $1.5 billion to $2.5 billion, according to Science.

Generative AI and other easy-to-use software tools can help employees with no coding background become adept programmers, or what the authors call citizen developers. By simply describing what they want in a prompt, citizen developers can collaborate with these tools to build entire applications—a process that until recently would have required advanced programming fluency.

Information technology has historically involved builders (IT professionals) and users (all other employees), with users being relatively powerless operators of the technology. That way of working often means IT professionals struggle to meet demand in a timely fashion, and communication problems arise among technical experts, business leaders, and application users.

Citizen development raises a critical question about the ultimate fate of IT organizations. How will they facilitate and safeguard the process without placing too many obstacles in its path? To reject its benefits is impractical, but to manage it carelessly may be worse. In this article the authors share a road map for successfully introducing citizen development to your employees.