Tech Titans and Olympic Dreams: A Dive into the AI and Business World with OWITH.ai

OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. In Silicon Valley, the tech industry is no longer staying out of partisan politics. Recent behavior of tech elites, such as Elon Musk sharing a manipulated video of Kamala Harris, shows a shift towards political engagement. Divisions between Trump supporters and Team Kamala have led to public spats and broken business ties. The extreme polarization in Silicon Valley reflects the country's dysfunctional partisan politics. This change in behavior has been highlighted by Fortune's Jessica Mathews in a recent story about Silicon Valley's descent into political theater. The upcoming big tech earnings week will see companies like Apple, Amazon, Microsoft, Meta, Intel, Snapchat, Qualcomm, and AMD reporting quarterly earnings. Amazon-owned Twitch is experiencing popularity among video gamers but remains unprofitable, leading to fears of becoming a "zombie brand." Additionally, Apple's new AI features will not be available until October, missing the release of the new iPhones in September. The dark side of online scams is also highlighted in a chilling story about "pig butchering scams" that prey on victims and force individuals into forced criminality.Former Olympic swimmer turned venture capitalist, Larsen Jensen, reflects on the similarities between elite swimming and startup founders. He emphasizes the importance of perseverance, hard work, and preparation in both fields. Jensen highlights the competitive yet respectful nature of training with rivals, noting that the journey to success is often lonely and thankless. While the outcome in tech and business may not be as definitive as winning a gold medal, Jensen believes that the process and struggle are what ultimately define success. He shares his experience of standing on the Olympic podium and emphasizes the years of dedication and sacrifice that lead up to that moment of global recognition. Jensen's insights shed light on the grit, determination, and resilience required to excel in both swimming and entrepreneurship.Many of France's largest companies have invested in the 2024 Olympic Games in Paris, with almost half of the country's Fortune Global 500 companies serving as official partners. The centralized and state-directed nature of France's economy makes it easier for leaders like President Emmanuel Macron to rally support from chief executives. Companies like Schneider Electric and Sanofi are attracted to the games' focus on sustainability and wellness, aligning with their own goals of achieving net zero emissions and promoting health. In Silicon Valley, there is a shift in tech sector allegiance towards the Trump campaign, influenced by factors such as the Biden administration's stance on crypto and private market trends. Meanwhile, early-stage VC Katerina Stroponiati is calling for a shift away from glorifying youth in Silicon Valley and towards valuing experience. Asian philanthropy differs from the U.S., with Asian tycoons often using their companies for philanthropic work rather than foundations. Overall, partnering with the Paris Olympics is seen as a beneficial investment for the companies involved, providing global exposure and opportunities for innovation.The article discusses OpenAI's financial challenges despite its high valuation, questioning the viability of its business model and ability to compete with established players in the AI market. It raises concerns about over-investment in generative AI technology and the risks associated with massive investments that may not yield substantial returns. The text also discusses concerns around big tech companies like Meta and Google overspending on AI infrastructure to appease shareholders. OpenA

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