Social media companies get even lower marks in terms of reputation, Elon Musk looks to develop his own competitor to ChatGPT and why would Alibaba get rid of its hugely successful cloud offering?
These top tech news stories and more for Thursday, May 25th Your host is Jim Love, CIO of IT World Canada and Tech News Day in the US.
A recent Axios poll showed that out of 100 leading brands, tech companies occupied both ends of the spectrum – in the highest and lowest scores. Those tech companies with product offerings were among the highest-rated brands, while social media companies have lost ground and are at the bottom of the list.
In fact, TikTok got 94, the lowest reputation score for tech companiesth Listed on Meta 97th place and on twitter 98th,
No social media platform has a rating higher than 94 out of 100 companies. This put these companies on the same scoring level as Fox, the Trump Organization, and failed crypto exchange FTX.
Meta was the company women had the least trust in, and only 1 in 5 gave it a high trust rating. Young adult responses were worse. Meta was the second least trusted brand by Gen Z. The only company to score low with this group was the Trump Organization.
Clearly Elon Musk’s acquisition of Twitter had an effect. Twitter’s reputation score was in freefall — falling 50 places on a scale from No. 12 last year to No. 62 this year. Ouch.
No other company has moved more than 22 places on the list.
Curiously, age had a different effect on TikTok’s score. Boomers gave it a much better rating, nearly 20 points ahead of the much younger Gen Z.
Tech companies with the highest scores on this Axios Harris reputation scale were Samsung (81), Amazon (80.7) and Apple (80.6). These companies remained roughly where they were a year ago. Sony (79.8), Microsoft (79.7), and LG (78.8) were also in the top 20.
Google was caught somewhere in the middle. it was 35th In the list – approximately in the middle.
Another interesting fact – other than Twitter, none of the companies that made big layoffs this year saw any real change in their scores that could be attributed to the layoffs.
We have the link of full study and its methodology in text version itworldcanada.com/podcasts
Sources include: axios
An Ernst & Young study found that 94 percent of tech leaders are committed to making new investments in new tools and technologies.
In fact, 81 percent said their company plans to make an innovation-related acquisition in the next six months.
Those findings seem remarkable given the level of economic uncertainty with major layoffs and cost-cutting. Tech companies, failures of some regional banks, inflation and rising interest rates.
In no big surprise category, the study found that cyber security investments were necessary to weather the current geopolitical storms. And, are you sitting down? AI is also a big part of their planned investments.
in fact, 90 percent tech leaders said their companies are “working on generative ai similar in functionality chatgpt,” and 80 percent said they would increase their investments in the coming year and more than half would like to use AI to achieve cost efficiencies.
But there were some surprises in the study. 78 percent of the people surveyed believed that remote work Positively impacted his company’s innovation goals.
And just to recap the key findings in terms of relative priorities. According to the study, Of those planning to increase technology investment,
- 74 percent have a priority on cyber security.
- 62 per cent on Big Data or Analytics.
- 62 percent mentioned next-generation 5G wireless technologies.
- 58 percent plan to invest in generative AI solutions.
And though it was last and we felt it fade from focus
- 52 percent said they plan to invest in metaverse technologies
Source: techrepublic
Alibaba surprised the market with its announcement that it was going to spin off its $12 billion cloud business. Alibaba Cloud has been a real success story. Its rapid growth was putting it in a league with its American counterpart, Amazon. and most industries Spectators expected it to have the same growth and impact on the company as AWS has for Amazon.
Alibaba had invested billions in the cloud offering and was the clear leader among Chinese companies, overtaking its bigger rivals Tencent and Baidu.
The announcement is a good deal for current shareholders who receive stock in the spin-off cloud offering, but it’s not good news for Alibaba.
The announcement led to an initial drop of nearly 6 percent in Alibaba’s share price.
So why break up the company after that kind of investment and that kind of success? The best answer is that the company succumbed to pressure from the Chinese government, who were suspicious of a private company holding and controlling so much data.
The company has been reprimanded for its role in a massive data leak and Huawei is facing real pressure And state-run China Mobile appears to be the preferred option. of the Chinese government.
Sources include: data center knowledge
And returning to our discussion on reputation, Elon Musk has been making noises about OpenAI, developing an artificial intelligence offering to compete with Microsoft and Google.
musk was a The original founders of OpenAI never stop telling people this. He’s less clear about why he left the company, but as OpenAI and Microsoft become more and more dominant in this space, Musk has become more protective of the Twitter data and more vocal in warning about AI. Is. Specifically, OpenAI.
He has taken the campaign on a media tour appearing on Fox, BBC and even MSNBC.
musk has been sounding the alarm, saying that, although AI may have real benefits, there is “not zero chance” of AI going “terminator”.
He’s not the only one to warn about the potential dangers of musk Aye. Sam Altman proposed last week that an international agency should be created to inspect and even license those building systems like OpenAI’s GPT-4 ad more advanced versions that are yet to come.
Altman and his other co-founders acknowledge that it is “conceived” that AI will exceed human capabilities in the next decade. Google’s Sundar Pichai agrees with Altman, stating in another article in the Financial Times, “I still believe AI is too important not to be regulated, and too important not to be regulated well.
Which brings us to a thought experiment. Based on what we’ve seen to date, who has a better chance of developing an AI that turns into “Terminator.” show of hands. Sam Altman from OpenAI or Elon Musk.
Yes. Me too.
Sources include: axios, registerBBC and MSNBC and the Financial Times
That’s the top tech news for today. We air five days a week with a daily newscast In the form of a special weekend interview with an expert on topics related to today’s tech news.
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I’m your host, Jim Love. Have an exciting Thursday!
