AI Roundup (April 25): Meta to increase investment in AI, Duolingo blames AI for layoffs, more

AI Roundup, April 25: Meta CEO Mark Zuckerberg has announced increased investment in artificial intelligence to stay ahead of rivals like Google, Microsoft and other tech giants. The company assured investors of monetization opportunities. In other news, Duolingo highlighted that one of the reasons for its layoffs was its adoption of artificial intelligence. Learn more about what’s happening in the world of artificial intelligence.

1. Meta plans to increase investment in artificial intelligence

Meta CEO Mark Zuckerberg has revealed that the company will spend billions of dollars to join the artificial intelligence race with tech giants Microsoft, Google and OpenAI. “We expect capital spending to continue to increase next year as we aggressively invest to support our ambitious artificial intelligence research and product development efforts,” Chief Financial Officer Susan Lee said in a statement, according to Bloomberg. report.

2. Duolingo cites artificial intelligence as a major reason for layoffs

Language learning platform Duolingo recently announced that it will lay off 10% of its contractor workforce. However, in a recent report in Forbes magazine, the company shared that one of the reasons for its layoffs was AI. The company said: “AI is one of the tools we use to accelerate product development and make learning Duolingo more engaging and effective. There are some jobs, such as translation work, for which AI is a strong alternative.”

3. TCS CEO revealed that artificial intelligence could take over call center jobs

Tata Consultancy Services CEO KK Krittivasan emphasized that as the use of artificial intelligence continues to grow, the need for call centers will diminish. It was also highlighted that technology can change the requirements of how customer support centers work. “Ideally, if you ask me, there should be very few calls to call centers,” Krittivasan said, according to the Financial Times. report.

4. Global tech leaders not ready for artificial intelligence, survey shows

A survey conducted by Lenovo Group’s Chief Information Officer shows that global IT leaders and enterprises are not yet ready for artificial intelligence technology. Several companies do not have a corporate policy on ethical use, and 42% say they do not expect a return on their AI investment. “This has been driven by a clear commitment to AI adoption and pressure from IT leaders to prove the value of these investments,” said Ken Wong, president of Lenovo’s Solutions and Services Group, according to Bloomberg. report.

5. Xiaopeng’s artificial intelligence training upgrade entered a super-fast cycle

Chinese electric vehicle (EV) maker Xpeng Motors has revealed that it will significantly improve and update its software and artificial intelligence capabilities starting in May, achieving an “ultra-fast cycle” upgrade. It is worth emphasizing that the software will be upgraded every two months to provide new functionality. According to Reuters, He Xiaopeng, founder and CEO of Germany’s Volkswagen AG, said: “This year, I believe Xpeng Motors will surpass all self-driving technology competitors in China.” report.

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