Economy

The development of AI
Expensive data can put a damper on AI competition

Data is at the center of today's rapid development of AI - but access to it is becoming increasingly expensive. Now it is basically only available to the companies with the most money in their pockets, writes Techcrunch.

New data is constantly needed to train the AI ​​models on. Without it, all systems will be able to develop to a certain point and then stop, Open AI's James Betker has warned.

Kyle Lo at the Allen Institute for AI agrees with that analysis. He also states that giants that have gained a head start in the AI ​​race will find it increasingly difficult for competitors to catch up.

- I am concerned that this could lead to a lack of independent review of AI development methods, Lo tells the site.

******************

Sources: Musk's feud with bank CEO over - after private conversation

After years of feuding, Elon Musk and JP Morgan CEO Jamie Dimon now appear to be about to bury the hatchet, sources told the Wall Street Journal.

The two have been at odds since 2016, when Musk gave the bank a cold hand when it came to expanding operations for Tesla and Space X. Meanwhile, Dimon's JP Morgan has not done enough to court Musk and his growing empire. Previously, Musk has said that JP Morgan "hates Tesla".

According to the information, Musk and Dimon will now get along better after an event in March. Where they both had conversations on stage and then privately.