{"id":199831,"date":"2023-12-06T11:30:00","date_gmt":"2023-12-06T16:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=199831"},"modified":"2023-12-06T13:12:07","modified_gmt":"2023-12-06T18:12:07","slug":"extra-open-ai","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/extra-open-ai\/","title":{"rendered":"Extra Open AI"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>Tech titans IBM and Meta formed an AI&nbsp;<a href=\"https:\/\/newsroom.ibm.com\/AI-Alliance-Launches-as-an-International-Community-of-Leading-Technology-Developers,-Researchers,-and-Adopters-Collaborating-Together-to-Advance-Open,-Safe,-Responsible-AI\">alliance<\/a>, set on pushing back the veil that\u2019s shrouding the tech\u2019s development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>AI has the potential to save the world, end the world, and make a lot of important leaders very rich. So concerned that some of the biggest companies in the space may be less than laser-focused on the first one, some of the smartest minds have come together with a mission to develop AI solutions safely, slowly, and openly. The \u201csafety squad\u201d includes tech heavyweights like IBM, Intel, Oracle, and Meta along with acclaimed institutions like Harvard and Imperial College London, all hoping that the whole will be greater than the sum of its parts \u2013 for the world\u2019s sake. That leaves Microsoft-backed OpenAI, Tesla, Alphabet, and Amazon on the outcasts\u2019 table for once, but there\u2019s no guarantee that the tortoise will beat the hares in this race.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>Zooming out:&nbsp;<\/em><\/strong><em>Let\u2019s take things slow.<\/em><\/p>\n\n\n\n<p>The alliance\u2019s finer details haven\u2019t been hammered out yet, but that\u2019s right on brand for a group advocating for a slower approach. So is the committee format as a whole: it takes a lot longer for a group of companies with different individual backgrounds to reach a consensus than it does for a room of stereotypical tech heads to agree. And with much of the world concerned that AI developers\u2019 breakneck speeds could end in a crash, this slow-and-steady force may attract quite the fan club.<br><br><strong><em>For markets:&nbsp;<\/em><\/strong><em>More is more.<\/em><\/p>\n\n\n\n<p>Despite being a slow burner for decades, AI became this year\u2019s most popular theme overnight when ChatGPT launched. And it brought its reliable buddies along for the ride: a gaggle of high-tech chipmakers, including market darling Nvidia. The more the merrier, as far as they\u2019re concerned, since that gang of suppliers stands to win a new customer every time an AI competitor comes along.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted December 5, 2023 &#8211; <a href=\"https:\/\/www.go.finimize.com\/wp\/news\/extra-open-ai\/\">Extra Open AI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech titans IBM and Meta formed an AI alliance, set on pushing back the veil that\u2019s shrouding the tech\u2019s development.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[632,912,1250,10568],"contributors-categories":[13597],"class_list":{"0":"post-199831","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-ai","13":"tag-artificial-intelligence","14":"tag-ibm","15":"tag-meta","16":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Extra Open AI | 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