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Balyasny’s Cloud-Based Tools Transforming $19.5 Billion Hedge Fund Strategies

. Balyasny Asset Management has seen immense growth in their tech infrastructure since 2017, tapping into big tech services such as Amazon Web Services and Microsoft Azure for tools and data teams to keep up with their expansion. Their 450 tech and data team members now have access to cutting-edge technology to stay ahead.

Making ChatGPT Cheaper: Microsoft Aiming to Cut Costs by Over $700,000 Daily

OpenAI, the San Francisco-based research laboratory, is looking to advanced AI technologies like ChatGPT to propel its goals of forming human-level artificial intelligence. Yet doing so poses a large cost as analyst Dylan Patel estimates at least $700,000 per day. This cost is reliant on OpenAI's GPT-3 model, but would likely increase with GPT-4. Microsoft is aiding the effort by creating an AI chip, called Athena, to reduce the expense of using GPUs. To cut down costs, Latitude, a startup, shifted to AI21 Labs software, reducing their $200,000/month to just $100,000/month. Invest in OpenAI to experience the benefits of human-level AI today!

German Authors and Performers Push for Stronger Copyright Protection

This article explores the potential for copyright violations posed by artificial intelligence and generative AI, such as ChatGPT. More than 140,000 authors and performers from Germany have written a letter to the European Union, highlighting their concerns and proposing rules to protect their work. Providers of the foundation models, such as Microsoft, Alphabet’s Google, Amazon, and Meta Platforms, must be held responsible for any unauthorized usage or misinformation disseminated. Read more to find out the latest developments.

Japan Government Utilizing ChatGPT for Red Tape Reduction

In a historic move, Japan has embraced OpenAI's ChatGPT technology to make government regulations more transparent. For the first time ever, a government agency has adopted this advanced AI system to ease the burden of annually updated paperwork. Minister Tetsuro Nomura has declared that the chatbot will only process publicly available information. Visit Asahi paper to know more about the ministry's plans and how they plan to use the technology. Reap the benefits of ChatGPT now!

Elon Musk Announces Plans to Compete With OpenAI and Google Through New Initiative ‘TruthGPT’

Elon Musk, the tech titan behind various ventures such as Tesla, SpaceX and recent AI company, TruthGPT, has come up with a mission to develop an AI which will benefit humanity; despite the ambition and challenge of starting late. He has also achieved further progress on advancements in encryption, user privacy, and reporting thousands of DeepMind researchers in a mysterious Twitter AI project. Musk is an avid advocate of technical advancements while driving the development of human safety.Stay informed with the latest developments of AI development.

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