Morgan

“Preventing the AI Arms Race: Symbolica’s Strategy of Investing in Symbolic Models”

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So he founded a startup, Symbolica AI, to do just that. Elsewhere, a report co-authored by Stanford and Epoch AI, an independent AI research Institute, finds that the cost of training cutting-edge AI models has increased substantially over the past year and change. With costs poised to climb higher still — see OpenAI’s and Microsoft’s reported plans for a $100 billion AI data center — Morgan began investigating what he calls “structured” AI models. Symbolic AI solves tasks by defining symbol-manipulating rule sets dedicated to particular jobs, such as editing lines of text in word processor software. Symbolic AI needs well-defined knowledge to function, in other words — and defining that knowledge can be highly labor-intensive.

Apple’s Success in the Indian iPhone Market Surpasses That of Several Individual EU Countries, According to Morgan Stanley

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The company’s iPhone revenue in India jumped 42% year-on-year in 2023 to $8.7 billion, Morgan Stanley wrote in a note on Friday. India’s iPhone business is now larger than any standalone country in the European Union, Morgan Stanley added. This compares to China iPhone shipments, which represented 20% of iPhone shipments and revenue in CY23 (down 1-2 points Y/Y, respectively),” the analysts wrote. The average iPhone sold in India last year had around 260GB of memory, a 26% increase over 2022, Morgan Stanley said. Morgan Stanley estimates the tech giant’s India revenue will reach $40 billion by 2032.