Thursday 22 June 2023

The Trend Continues: CEO Huffman Urges Redditors to Avoid Wearing Reddit Merch in Public; Salesforce Unveils AI with Enhanced Transparency; OpenAI Cuts Prices to Stay Competitive

**Salesforce Unveils Einstein Guided Selling: A Step Towards Transparent and Trusted AI**

In an effort to bring more transparency and trust in AI decision-making, Salesforce has introduced a new feature called “Einstein Guided Selling”. This advancement aims to simplify complex AI processes and provide businesses with more explainable insights. Richard Socher, Salesforce’s Chief AI Scientist, states that customers want to understand the reasoning behind AI predictions, and Einstein Guided Selling addresses this need by offering simplified explanations for each prediction.

The goal is to make AI-based solutions clearer and more transparent across all of Salesforce’s cloud platforms. By doing so, customers will be able to leverage these insights for better decision-making in their businesses. This move comes at a time when there is increasing regulatory scrutiny of AI systems and their often-opaque decision-making processes. Salesforce hopes that by offering more transparency and accountability, they can gain a competitive advantage and position themselves as a leader in the AI industry.

Salesforce also wants to demonstrate their commitment to responsible AI use. They aim to be perceived as unbiased, accurate, and explainable in their AI models, ultimately improving user trust in their technology. By prioritizing transparency-driven features, Salesforce hopes to challenge other tech giants and urge them to focus on similar initiatives.

**AMD Challenges Nvidia’s Dominance in AI Chips with MI300X**

In a direct challenge to Nvidia, Advanced Micro Devices (AMD) plans to launch its new AI chip, the MI300X, in the fourth quarter of this year. This chip, which boasts 192 gigabytes of memory, surpasses any currently available Nvidia chip in terms of performance. AMD’s Chief Executive, Lisa Su, believes that AI will be the driving force behind silicon consumption in the foreseeable future.

Despite this announcement, Nvidia remains the dominant player in the AI computing market, holding an estimated 80-95% market share. AMD faces the challenge of not only competing with Nvidia’s hardware performance but also convincing the market that its software solution is just as competitive. To directly compete against Nvidia, AMD has also introduced a system that combines eight MI300X chips into a single computer.

While Nvidia’s shares saw a 3.9% increase, resulting in a market capitalization above $1 trillion, AMD faced a 3.6% drop in its shares. Nevertheless, AMD’s advancements and efforts to challenge Nvidia’s dominance show promise for competition in the AI chips market.

**Small and Medium-Sized Businesses Face Increasing Cyberattack Threats**

A recent study by security company BlackFog highlights the alarming trend of successful cyberattacks targeting small and medium-sized businesses (SMBs). The study revealed that over half of the surveyed SMBs in the U.S. and U.K. fell victim to a cyberattack in the past year.

The impact of these attacks on SMBs was substantial, with 58% reporting business downtime as a consequence. Additionally, 39% lost customer data, and one-third experienced a loss of customers. Interestingly, attackers often targeted the same businesses multiple times, with 87% of IT decision-makers reporting two or more successful attacks in the past year.

One of the biggest challenges SMBs face in protecting themselves from cyberattacks is a lack of knowledge about potential threats. Many IT decision-makers (41%) admitted that they were unaware of the cyberthreats that could impact their business, making effective protection difficult.

To mitigate these risks, SMBs are advised to prioritize high-security standards when choosing IT partners. This can help ensure a stronger defense against data exfiltration and other cyber threats.

**Reddit Forums on Discord: A Challenge to the Platform**

Several popular Reddit forums, including r/iphone and r/iOS, have shut down indefinitely in protest against Reddit’s changes to its API. These forums have redirected users to join their Discord groups or follow their Twitter accounts instead. Thousands of people have already joined the Discord chats, indicating that this move could pose a real threat to Reddit as major subreddits establish themselves on alternative platforms.

The struggle between Reddit and its community moderators has escalated to the point where CEO Steve Huffman has advised against wearing Reddit gear in public, acknowledging that people are upset with the platform’s decisions. However, the atmosphere on the Discord forum remains relatively calm. This shift to alternative platforms like Discord highlights the need for better communication and collaboration between Reddit and its community to prevent further dissatisfaction among users.

**Editor Notes: A Shift Towards Transparency and Competitive Challenges**

Salesforce’s introduction of Einstein Guided Selling showcases a commitment to transparency in AI decision-making. This feature aims to provide users with clearer and more explainable insights, which can lead to better decision-making in businesses. By positioning themselves as a leader in responsible AI use, Salesforce aims to gain an edge in the AI industry and encourage other tech giants to prioritize transparency-driven features.

AMD’s announcement of the MI300X AI chip demonstrates the company’s determination to challenge Nvidia’s dominance in the AI computing market. With impressive performance capabilities, AMD seeks to convince the market that their software solution is equally competitive. While Nvidia still holds a significant market share, AMD’s efforts to provide strong hardware alternatives show promise for increased competition in the AI chips market.

The study by BlackFog highlights the growing cyberattack threats faced by SMBs. Lack of knowledge about potential threats remains a significant challenge for SMBs in protecting their businesses. However, prioritizing high-security standards and choosing IT partners with effective protection strategies can help mitigate the risks.

The shift of popular Reddit forums to alternative platforms like Discord poses a challenge to Reddit’s influence. This move highlights the need for better communication and collaboration between Reddit and its community to address their concerns and prevent further migration to alternative platforms.

**Editor Notes: GPT News Room**

For the latest news and insights on artificial intelligence and technology, visit GPT News Room at https://gptnewsroom.com. Stay updated on industry trends, breakthroughs, and innovations through their informative articles and analysis. Discover the future of AI through GPT News Room’s comprehensive coverage and expert opinions.

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