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Has interest in AI passed its peak?
Sherwood News

Have we passed peak AI?

There’s still plenty of hype in tech and media circles, but normal people aren’t searching for AI as often as they used to.

AI has garnered a lot of ink lately, as media and finance types like us fret over how long the exorbitant investment in the technology will take to reap returns and if its promise could be crushed by legislation or the weight of its own hype. Companies and their investors can’t seem to talk about anything else.

Normal people, however, seem to be less interested in AI than they used to be. Search volume for the term in the US appears to have peaked earlier this year in May. That leaves AI — once the next best hope of the next big thing — in danger of becoming just another washed-up tech trend of yore like NFTs and the metaverse.

Let’s get this out of the way: How much AI is Googled doesn’t necessarily mean there’s not a bright future for the technology and that all that its boosters have promised won’t come to pass. It just means, for one reason or another, people aren’t looking for information about it quite as often as they once were. Maybe the new tech is already old hat, maybe it has woefully underdelivered, maybe they’re now searching for more specific AI terms, or maybe people simply no longer care as much.

And, of course, that orange line could reverse and continue its trajectory up and to the right. For now though, things are looking down for AI.

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Is OpenAI on its way to becoming Lyft?

Once nearly synonymous with AI, it just got surpassed in valuation by Anthropic. Now it looks like it’s also going to get beaten to the IPO starting line.

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Palo Alto Networks surges after it beats revenue and earnings estimates

Cybersecurity firm Palo Alto Networks jumped more than 10% in postmarket trading after reporting fiscal third-quarter results that beat analyst revenue and earnings expectations.

The company posted adjusted earnings per share of $0.85, versus the FactSet analyst consensus estimate of $0.79 on $3 billion in revenue. (Wall Street had expected $2.94 billion.)

The company also boosted its guidance for the full fiscal year. The company now expects non-GAAP EPS in the range of $3.77 to $3.79, compared to its previous projection of $3.65 to $3.70 (and analysts’ expectations of $3.68). It also forecast revenue of $11.415 billion to $11.425 billion, representing year-over-year growth of 24%, compared to previous growth expectations of 22% to 23%.

Through Tuesday’s close, the stock had risen more than 60% in the past month.

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Microsoft releases 7 new models, next-gen quantum chip at Build conference

Microsoft is making it clear it can stand on its own as a competitor in the AI arena.

Today at its annual Microsoft Build developer conference, the company made a flurry of announcements that move it further away from the shadow of its complicated relationship with partner OpenAI.

Among the products announced:

  • New Nvidia-powered Windows PCs: the Surface Laptop Ultra and Surface RTX Spark Dev Box.

  • Seven new homegrown AI models: MAI Image-2.5, MAI Image-2.5-Flash, MAIN Transcribe-1.5, MAI Thinking-1, MAI Voice-2, MAIN Voice-2-Flash, and MAI Code-1-Flash.

  • Majorana 2, the company’s next-gen quantum chip.

  • Microsoft Scout, an integrated always-on agent built on OpenClaw.

  • Project Solara, an AI gadget operating system.

Investors were unimpressed, however, as shares were down over 4% after the announcements.

  • New Nvidia-powered Windows PCs: the Surface Laptop Ultra and Surface RTX Spark Dev Box.

  • Seven new homegrown AI models: MAI Image-2.5, MAI Image-2.5-Flash, MAIN Transcribe-1.5, MAI Thinking-1, MAI Voice-2, MAIN Voice-2-Flash, and MAI Code-1-Flash.

  • Majorana 2, the company’s next-gen quantum chip.

  • Microsoft Scout, an integrated always-on agent built on OpenClaw.

  • Project Solara, an AI gadget operating system.

Investors were unimpressed, however, as shares were down over 4% after the announcements.

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