Elon Musk's Vision of the future: AI provides "universal high income"

More topics: Microsoft announces AI-powered Copilot+ PCs, AI boom boosts NVIDIA's profits

Elon Musk's Vision of the future: AI provides "universal high income"

Hi AI Enthusiasts,

Welcome to this week's Magic AI, where we bring you the most exciting AI news of the week. Stay curious! 😎

This week's Magic AI tool is an AI-powered writing assistant. This AI tool can speed up your writing process and generate social media posts from your articles.

Let's explore this week's AI news together. 👇🏽

In today's Magic AI:

  • Microsoft announces AI-powered Copilot+ PCs

  • Elon Musk's Vision of the future: AI provides "universal high income"

  • AI boom boosts NVIDIA's profits

  • Online Course: Learn Excel, Artificial Intelligence and Data Science

  • Magic AI tool of the week

  • Hand-picked articles of the week

📚 Our Books and recommendations for you

Our Books and recommendations for you

Top AI news of the week

💬 Microsoft announces AI-powered Copilot+ PCs

Microsoft has presented a new AI-powered computer category called Copilot+ PC. These are Windows laptops with integrated AI hardware and support for AI functions in the operating system.

One of the new functions is the "Recall" function, which uses AI to create a searchable "photographic memory" of everything users have done and seen on their PCs. According to Microsoft, it has a local data processing, and "you are always in control with privacy".

In addition, the tools Paint and Photos are also getting new AI functions. You can also create endless AI images with Image Creator on Copilot+ PCs. Mircosoft plans to launch the first Copilot+ PCs with Qualcomm processors on June 18. Copilot+ PCs with Intel and AMD processors come at a later date.

Our thoughts

Microsoft presented a lot of new AI-powered functions. The function "Recall" regularly takes screenshots of your screen. According to Microsoft the data will be processed locally. But at some point there will probably also the option to activate cloud processing. And then all our data on the screen will be transferred to a cloud.

✍🏽 Is the personal computer still personal?

More information

🤖 Elon Musk's Vision of the future: AI provides "universal high income"

On Thursday, Elon Musk talked at the Viva Technology conference about his companies and the future of AI. He said that in the future, robots will work for people. At best, working will still be a hobby. Everyone will have access to a "universal high income".

He added that in a world where money and work do not play a role, other problems can arise. He believes that people may lack a sense of purpose in life because they don't have jobs.

Elon Musk and his company Tesla are working on this future. Tesla is developing the humanoid robot Optimus. Optimus is designed to work in factories and to help with the household.

You can watch the full talk with Elon Musk in the following video:

Our thoughts

A future in abundance and without work. Is that possible? AI systems are becoming more powerful. ChatGPT voice functions sound human, allowing real conversations with interruptions. The development of humanoid robots is progressing rapidly. Think of the robots Optimus, Atlas, or Unitree G1.

In our opinion, this really could be possible in the future. However, the power of these technologies currently primarily has big technology companies. In addition, we as humans must also have control over this technology.

✍🏽 What's your opinion about universal high income through robots and AI?

🚀 AI boom boosts NVIDIA's profits

Nvidia's revenues continue to skyrocket. NVIDIA sells AI chips to all the big tech companies and is making record profits.

From February to the end of April 2024, the company generated sales of over USD 26 billion (+262 %). In addition, the company had an operating income of USD 16.9 billion and retained a net income of USD 14.9 billion. In terms of net income, Nvidia reaches the level of the company Alphabet.

Our thoughts

Big Tech focuses entirely on AI, and NVIDIA builds the chips. Now, the question is how long the run on hardware will continue. At some point, hardware needs are saturated, and AI software companies will generate high profits with their software solutions. The software creates value for the customer. NVIDIA is currently creating the basis for this.

More information

🎓 Learn Excel, Artificial Intelligence and Data Science

In today’s competitive job market, mastering a range of technical skills is more important than ever. The 100-hour course “The Complete Excel, AI and Data Science Mega Bundle“* is designed to equip you with in-demand capabilities in Excel, Python, and Artificial Intelligence (AI).

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  • Excel functions, formulae, and data visualization techniques. Unlock the financial functionalities of Excel to manage and analyze business data.

  • Gain an edge in the market by leveraging machine learning for stock prediction.

  • Learn to build advanced models, understand neural networks, and employ TensorFlow.

👉🏽 Invest in Your Future! Enroll now and set yourself on a path to technological mastery.*

Magic AI tool of the week

🪄 Hashnode AI - Speed up Your Writing Process

Hashnode AI is a feature of the blogging platform Hashnode that can help you write and create content. It's like a personal writing assistant similar to Notion AI*.

Hashnode AI offers a Quick AI and an AI Chatbot. You can ask the AI Chatbot anything. In addition, the AI Chatbot has access to your blog article.

Next, we look at some of the features of Quick AI.

  • Improve writing: With this function, you can mark a part of your text, and the AI improves it.

  • Fix spelling and grammar: You can also use AI to fix spelling and grammar errors in your blog article.

  • Convert to English (US): You can convert text from any other language to English.

  • Write in another tone: The AI can rewrite your text with another tone, for example in a friendly tone.

You can see all the options in the following GIF:

We use Hashnode AI primarily to improve our texts (spelling and grammar) and to create drafts for our social media posts. Some AI functions are free of charge, and others need a Hashnode Pro subscription.

👉🏽 Learn more about Hashnode AI

Articles of the week

📖 You might also be interested in these blog articles:

Thanks for reading, and see you next time.

- Tinz Twins

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