From the FT >>>
XTX Markets, Alex Gerko’s money-printing forex high-frequency trading heavyweight, posted a job ad last week for a rolling 12–14 week AI Research Internship with a salary of $35,000 a month + a “generous sign-on bonus”! Admittedly, it’s aimed at a pretty high standard of prospective intern. Candidates are required to be pursuing an advanced degree, “ideally Ph.D., in computer science, electrical engineering, mathematics, or a related quantitative field” with at least a year until their graduation. They also need “solid” programming skills and “a proven publication record in leading machine learning and AI venues”. But still, it looks like the race for super-star interns keeps getting fiercer Source: FT Link to article >>> https://lnkd.in/gWeCPJK7
In the AI race between Alphabet $GOOGL and Microsoft $MSFT, Alphabet is once again clearly ahead
Since the launch of ChatGPT, Alphabet stock has risen nearly 128%, while Microsoft's share price has only increased 98%. Source: HolgerZ, Bloomberg
This is where AI gets its facts…
Source: Stocktwits, Visual Capitalist
Hyperscaler growth is set to slow meaningfully over the next year
Will AI CapEx follow? Chart: Goldman Sachs thru Markets & Mayhem
Interesting by Chartr showing that AI data centers could soon contribute more to CO2 emissions than aviation does now.
After boycotting flying, will climate activists make a push to start boycotting TikTok and YouTube with all the AI generated clips and stop using Google, Facebook and the like? Source: Chartr, Michel A.Arouet
According to Ark Invest, Robotaxis could generate $34 Trillion in Enterprise Value by 2030
Tesla's $TSLA market cap is only $1.05 Trillion right now Source: Barchart, Ark Invest
Microsoft, $MSFT, has said that these are the 40 jobs most at risk by AI
Source: unusual whales
Buy-now-pay-later firm Klarna reported AI-driven sales growth for the second quarter, enabling the company to generate revenues of $1 million per employee.
👉 The Swedish company said it had 20% like-for-like sales growth in the second quarter, with total revenues coming in at $823 million for the period. 👉The firm also saw adjusted operating profits of $29 million, up significantly from the first quarter’s $3 million. “AI adoption continues to deliver significant, tangible results. As a result of this strategy, average revenue per employee reached $1.0m, up 46% [year on year in the second quarter],” the company said in its quarterly report. 👉Klarna has aggressively leveraged AI to boost productivity performance. It has shed two in five jobs over the past two years as a result. “This shift reflects the growing impact of AI and automation in eliminating manual, time-consuming work across Klarna,” the company had said in its first-quarter results.
