Meta's open-source AI strategy is key to its long-term growth, promoting collaborative AI development and Western leadership in AI technology. Financial implications of Meta's open-source AI approach are significant, enhancing reputational, brand value, and operational power rather than immediate profits, potentially leading to AGI development first. Risks include reducing the West's AI moat and empowering bad actors; a cooperative approach with law enforcement and security is essential for managing these risks.
Last year, gold prices surged as investors sought alternatives to hedge their portfolios against rising inflation and economic uncertainty. Gold prices increased by over 13%, and demand for the precious metal reached 4,899 metric tons.
Amazon has reportedly hired executives from Adept AI for its artificial general intelligence (AGI) project. David Luan, Adept's co-founder and CEO, is set to join Amazon's AGI autonomy team, Bloomberg News reported Friday (June 28), citing an internal memo.