Amazon’s Jeff Bezos says this new AI technology is worth 35 Amazons (about $17 trillion)

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— Jeff Bezos, owner of Amazon.com, the richest man alive, with a net worth approaching $200 billion has said he is “all in” for a new AI technology which may well create the world’s first trillionaire and is vital to Amazon’s continued success. One company, now a sixth the size of Amazon, owns most of the patents dominating “a radical breakthrough that Wired says is ‘the rocket fuel of AI.'” One source I read said that the AI breakthrough would lead to, in Bezos’ own words, Amazon soon going bankrupt. I doubt that sincerely, because recent issues of such investment gurus as “The Motley Fool,” and Bezos’ more recent comments, infer that Amazon will buy into this technology big-time. However this new AI technology is viewed, though, it’s a huge game changer. Wall Street is drooling all over this one and multi-billionaire “investor Warren Buffett says that it will have a ‘hugely beneficial social effect.'” (quotations used in this summary are from The Motley Fool and USA Today.)

August 16, 2020
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Amazon’s Jeff Bezos says this
new AI technology
is worth 35 Amazons

TECH HEADLINES:
$17 trillion AI breakthrough


The Daily Walk with Love, August 16, 2020, by Paul Evans. Featured photograph and quoted text courtesy of The Motley Fool and USA Today, video courtesy of Diana Tan and YouTube.

SUMMARY: Jeff Bezos, owner of Amazon.com, the richest man alive, with a net worth approaching $200 billion has said he is “all in” for a new AI technology which may well create the world’s first trillionaire and is vital to Amazon’s continued success. One company, now a sixth the size of Amazon, owns most of the patents dominating “a radical breakthrough that Wired says is ‘the rocket fuel of the AI.'” One source I read said that the AI breakthrough would lead to, in Bezos’ own words, Amazon soon going bankrupt. I doubt that sincerely, because more recent issues of such investment gurus such as “The Motley Fool,” and Bezos’ more recent comments infer that Amazon will buy into this technology big-time. However this new AI technology is viewed, though, it’s a huge game changer. Wall Street is drooling all over this one and multi-billionaire “investor Warren Buffett says that it will have a ‘hugely beneficial social effect.’:

The Motley Fool, who has made the fortune of many investors, quotes Bezos as arguing that “it’s hard to overstate the impact” of this game-changing technology.”

Paul: This must represent a breakthrough in artificial intelligence in a way that will affect us all, but in ways Warren Buffet notes will be socially very beneficial. Previously, there had been two different approaches to designing AI, “deep learning,” which some experts had thought to have reached a dead end, with little further progress possible, and “mind modelling,” in which machines are taught in ways mimicking human brain architecture. I will be looking forward as this technology is deployed, to learning how it works, how, in simple words the layman can understand, just what this AI breakthrough technology is, how it works, and why it is such a revolutionary game changer.

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