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Samsung is building fully AI-operated factories and on the other hand, 25,000 tech workers have already been laid off in 2024. Let’s get into the details…

In today’s menu:

• Quick Stats: Real Estate Industry is Embracing AI

• Samsung is building all-AI, no-human chip factories

• Nearly 25,000 tech workers were laid off

• AI Image of the Day

• 3 Trending Short Takes

Read time: 3 minutes!

QUICK STATS

Real Estate Industry is Embracing AI

75% of top US real estate brokerages use AI, and 80% of agents use AI Tools for generating listing descriptions, emails, and social media posts.

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LATEST NEWS

Samsung is building all-AI, no-human chip factories

Samsung Electronics is working on a big project to make their factories for making chips run on their own by 2030.

This project, which has already started, will use artificial intelligence (AI) so that no people are needed in the factories. Samsung has expressed its intention to utilize AI for optimizing integrated circuit (IC) design, materials development, production, yield improvement, and packaging.

Since last year, Samsung has been focusing on using AI to make the design and making of their chips better, including finding and fixing any problems.

Nearly 25,000 tech workers were laid off in the first weeks of 2024

In 2023, over 260,000 tech jobs were lost, marking the industry's worst year since the early 2000s. Despite recovery in 2024, with lowered inflation and rising consumer confidence, nearly 100 tech firms, including giants like Meta and Microsoft, have already cut 25,000 jobs. (source: https://layoffs.fyi/)

These profitable companies are not in financial distress but seem to be following a trend to boost stock prices. This 'herding effect' is seen as the new normal, pleasing investors and Wall Street.

Experts note that layoffs are more about satisfying investors than necessary cost-cutting, leading to a "copycat" trend across the industry. Read more about it here.

AI IMAGE OF THE DAY

What if your favorite tv shows were released in the 1950s?

Want to make your own? Here is the prompt:

screencap of a black and white 1950s sitcom of [describe the scene] --ar 4:3

SHORT TAKES

Apple may announce an AI-powered Siri in June. Despite not having released an equivalent to ChatGPT's AI tools, Apple has reportedly invested $1 billion in enhancing Siri with AI capabilities. Read more…

An AI-designed drug for inflammatory bowel disease has entered human clinical trials, addressing a significant need in the field. According to a researcher from Insilico Medicine, this oral medication treats the disease in an entirely new way. Read more…

Google has recently revealed a groundbreaking AI upgrade for Android. However, it comes with a potential downside. Google's AI will now read and analyze your private messages, even those from the past. Read more…

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