Bollywood: Indian filmmaker abandons human musicians for AI-generated music

Will human musicians be among the first to loose their jobs due to AI? Just wondering!

The blues goes on!

Like the Industrial Revolution before, many jobs will disappear, many new jobs will be created! Joseph Schumpeter's Creative Destruction!

"Indian filmmaker Ram Gopal Varma is ditching human musicians for artificial intelligence, saying he’ll use only AI-generated tunes in future projects, a move that underscores AI’s growing reach in creative industries. ..."

Indian filmmaker abandons human musicians for AI-generated music | TechCrunch

Indian film director, screenwriter and producer Ram Gopal Varma

Already the latest machine learning models are fast becoming a commodity?

Good news! Sign of our time! The meaning of creative destruction by Joseph Schumpeter!

Every day more models are released! Competition is fierce! Staff is frequently moving between companies!

"Higher Performance, Lower Prices

Prices for access to large language models are falling as providers exploit new efficiencies and compete for new customers. ..."

The Batch by Andrew Ng

(Source)

99 Cents Only Stores Closing All 371 Locations, Citing 'Inflationary Pressures'. Really!

Bad news! If I am not mistaken, they lost competitiveness already several years ago predating current price inflation! This brand e.g. became stale and stagnant!

Joseph Schumpeter's creative destruction spares no business!

99 Cents Only Stores Closing All 371 Locations, Citing 'Inflationary Pressures' All 371 locations of the 99 Cents Only stores are shutting down, with company executives blaming the “difficult” decision on such causes as “inflationary pressures.”

Canadian AI chip firm Tenstorrent raises $100 million from Hyundai, Samsung

Good news! A toast to creative destruction and commercial competition!

"... Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group and a Samsung investment fund, among others.

Tenstorrent, which before this funding had already raised $234.5 million was valued at $1 billion, is one of several upstarts looking to challenge Nvidia, the market leader in supplying chips to develop artificial intelligence products like ChatGPT. ..."

AI chip firm Tenstorrent raises $100 million from Hyundai, Samsung | Reuters

Credits: Last Week in AI

A Massive Opportunity Exists To Build “Picks And Shovels” For Machine Learning

Recommendable! The AI business needs more raw and intermediate supply as well as consulting businesses to thrive! Many new jobs that AI will probably create, but they may only be temporary!

Full credit for this story to Deeplearning.ai The Batch by Andrew Ng!

A Massive Opportunity Exists To Build “Picks And Shovels” For Machine Learning: The reward for building the next generation of developer tools will be many billions of dollars of enterprise value.