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🔥 The first one goes — Amazon is winding down its AGI creation team.
AGI — artificial intelligence that is identical to humankind. The cornerstone of all business models of the players in the AI gold rush. In essence, all their hope is to create AGI, because only it will be able to recoup all losses and keep data centers that are currently operating at a loss from bleeding indefinitely.
Amazon, judging by the decision, has lost confidence that AGI can be created with today’s technologies. This is a strong signal to other market players — Reuters
P.S. Chimes, chimes, SP500 corrections (in AI). In my view, August, but no one knows the exact date…