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Rani Molla

Musk and Dimon’s self-serving AI predictions

Billionaires Elon Musk and Jamie Dimon both made big prognostications this week about AI’s impact on society.

“My guess is that we’ll have AI that is smarter than any one human probably around the end of next year,” the Tesla and xAI founder said in an interview broadcast on Twitter/X.

In Dimon’s annual letter to shareholders, the JPMorgan Chase CEO wrote of AI, “Think the printing press, the steam engine, electricity, computing and the Internet, among others.”

It’s unclear how much of these predictions will turn out to be empty hype. What we do know is that Musk, who also founded xAI, and Dimon, whose bank employs more than 2,000 AI and machine-learning experts, have plenty of skin in the game.

In Dimon’s annual letter to shareholders, the JPMorgan Chase CEO wrote of AI, “Think the printing press, the steam engine, electricity, computing and the Internet, among others.”

It’s unclear how much of these predictions will turn out to be empty hype. What we do know is that Musk, who also founded xAI, and Dimon, whose bank employs more than 2,000 AI and machine-learning experts, have plenty of skin in the game.

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Meta doubles down on custom inference chips after reportedly scrapping training chip

Meta said today that it’s expanding its custom silicon development to include four new generations of Meta Training and Inference Accelerator (MTIA) chips. The announcement comes just weeks after The Information reported that the social media company had scrapped its most advanced AI training chip, dubbed Olympus, after facing design challenges. In the meantime, it signed outside chip deals with Nvidiaand Advanced Micro Devices.

Early in its recent conference call, Broadcom CEO Hock Tan sought to reassure investors that the custom chip specialist’s relationship with the social media giant was only getting stronger.

“Now contrary to recent analyst reports, Meta’s custom accelerator MTIA road map is alive and well,” he said. “We’re shipping now.”

The new road map suggests Meta’s in-house chips will focus more on inference, which has more predictable workloads, over training — a technically more demanding area dominated by Nvidia:

“MTIA 300 will be used for ranking and recommendations training, and is already in production. MTIA 400, 450 and 500 will be capable of handling all workloads, but we will primarily use these chips to support GenAI inference production in the near future and into 2027.”

Early in its recent conference call, Broadcom CEO Hock Tan sought to reassure investors that the custom chip specialist’s relationship with the social media giant was only getting stronger.

“Now contrary to recent analyst reports, Meta’s custom accelerator MTIA road map is alive and well,” he said. “We’re shipping now.”

The new road map suggests Meta’s in-house chips will focus more on inference, which has more predictable workloads, over training — a technically more demanding area dominated by Nvidia:

“MTIA 300 will be used for ranking and recommendations training, and is already in production. MTIA 400, 450 and 500 will be capable of handling all workloads, but we will primarily use these chips to support GenAI inference production in the near future and into 2027.”

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Google completes acquisition of Wiz — its biggest ever

Today Google said it has completed its $32 billion acquisition of cybersecurity startup Wiz, the largest deal in the company’s history.

“This acquisition is an investment by Google Cloud to improve cloud security and enable organizations to build fast and securely across any cloud or AI platform,” the company wrote in a press release.

The companies agreed to the all-cash purchase last year, after quite a bit of back and forth.

Alphabet updated acquisitions chart
Sherwood News
Alphabet updated acquisitions chart
Sherwood News
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Uber jumps on news it’s partnering with Amazon’s Zoox in Las Vegas and Los Angeles

Uber jumped premarket after announcing it will offer rides in Amazon-owned Zoox autonomous vehicles on its platform in Las Vegas later this summer and Los Angeles in the middle of next year, as part of a multiyear agreement. Zoox is currently testing in 10 US markets, while it’s available to the public in Las Vegas and select users in the Bay Area.

Uber separately announced a partnership with Serve Robotics and White Castle today to deliver food in Serve’s autonomous sidewalk robots.

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Tesla accelerates AI agent push as xAI’s Macrohard falters

Painting “MACROHARD” on the roof of an xAI data center hasn’t been enough to bring the company’s core AI office worker to life. Business Insider reports that the effort to compete with Microsoft has stalled amid staff and leadership departures and what appears to be a hiring freeze.

At the same time, Elon Musk’s public company, Tesla, seems to be accelerating its own AI agent project, dubbed “Digital Optimus.” It’s meant to perform tasks on a computer much like the Optimus robot would do in the real world.

Unlike Macrohard’s screenshot-based training approach, Tesla’s effort reportedly mirrors its Full Self-Driving system, processing information in real time rather than step by step.

Add this to the growing list of ways Musk’s empire is blurring together: SpaceX merged with xAI in February, and now Tesla appears to be absorbing one of xAI’s most ambitious projects, with some of Macrohard’s work and computing resources reportedly shifting to Tesla’s Autopilot team.

Unlike Macrohard’s screenshot-based training approach, Tesla’s effort reportedly mirrors its Full Self-Driving system, processing information in real time rather than step by step.

Add this to the growing list of ways Musk’s empire is blurring together: SpaceX merged with xAI in February, and now Tesla appears to be absorbing one of xAI’s most ambitious projects, with some of Macrohard’s work and computing resources reportedly shifting to Tesla’s Autopilot team.

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