The French MistralAI has released a beta version of its chatbot, Elon Musk sued OpenAI, and Google has more troubles. What else did we live through last week?
Elon Musk in a lawsuit against OpenAI and Sam Altman argues that the merger with Microsoft was a betrayal of the company's mission in pursuit of profit.
According to the latest forecasts from ABI Research, the augmented and virtual reality (AR/VR) technology sector is on the verge of a revolution - by 2028, the number of AR/VR sets delivered is expected to increase more than fivefold, reaching 69 million units.
Week in review 27.02: Microsoft invests in Mistral AI; a Polish semiconductor factory to be established?
Microsoft invested in the French startup Mistral AI, VIGO Photonics may build a Polish semiconductor factory, and PFR Ventures fueled four Polish VC funds with 150 million PLN. What else did we live through last week?
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Summary
Microsoft has partnered with French startup Mistral AI, taking a minority stake in the company and planning to introduce the new language model Mistral Large to the Azure AI platform.
Scientists from the University of Pennsylvania have developed a silicon photonic processor that could speed up AI calculations and reduce energy consumption.
Poland is resuming work on AI, IoT, and innovative technologies to strengthen its position in the AI field.
Deloitte analysis reveals that less than 20% of HR leaders and managers believe their companies effectively measure employee productivity, suggesting a need for new efficiency indicators.
The ManpowerGroup report identifies increasing salaries for sales specialists and growing demand for workers with "green skills" as key labor sector trends.
Job market fraud in the United States has resulted in losses of $737 million since 2019, with over 84 thousand cases of fraud recorded in 2023 alone.
A report reveals that nearly 90% of Polish women and men believe that politicians and influencers earn too much.
VIGO Photonics has been selected for co-financing under the European Funds for Modern Economy 2021-2027 to build a factory for infrared chips.
Intel CEO Pat Gelsinger announced a company restructuring, resulting in the establishment of a second company named Intel Foundry.
The European Commission has launched an antitrust investigation against Apple following a complaint filed by Spotify in 2019.
Nvidia CEO Jensen Huang stated that coding will soon become a redundant skill due to the rise of AI.
PFR Ventures has signed agreements with four Polish venture capital funds to invest in innovative companies in Poland and the CEE region.
The Ukrainian Venture Capital and Private Equity Association (UVCA) has announced the creation of a fund of funds in Ukraine.
Valuations of technology companies acquired globally fell for the second consecutive year in 2023, according to a report by Bain & Company.
In 2023, European countries were the most targeted by cyberattacks worldwide, with over 30% of all global network security breaches involving the UK, Germany, Denmark, Portugal, Italy, and France.
The mobile gaming market accounted for 63% of all app store spending in 2023, totaling $107.3 billion, despite a 2% decrease from 2022.
AI is increasingly being used in recruitment, from personalizing CVs to simulating job interviews.
The traditional 9 to 5 work model is struggling to adapt to modern job roles due to significant market changes.
From the editorial team
Microsoft is not resting on its laurels in the field of artificial intelligence development. After last year's investment in OpenAI, the American giant has just announced a partnership with one of the most dynamically developing European startups in this field - the French Mistral AI. You can read about the details of Microsoft's investment in the Artificial Intelligence (AI) section.
In this issue of the Weekly Review, we also write about the Polish semiconductor factory of VIGO Photonics, changing trends in the job market and investments in funds for VC funds in Poland and Ukraine. We also encourage you to read our text on how artificial intelligence can help in finding a job.
Weekly news review
Artificial Intelligence (AI)
Microsoft partners with Mistral AI. The latest large language model Mistral Large is now on the Azure AI platform
Microsoft has partnered with the startup Mistral AI. As part of the agreement, the American giant will take a minority stake in the French company, and the partnership itself will involve research and development cooperation to create applications for governments throughout Europe and "use artificial intelligence models to meet the needs of the public sector". The collaboration also introduces the new language model Mistral Large to the Azure AI platform. Mistral AI has been on the market only since April 2023, and its value is already estimated at 2 billion euros.
Breakthrough in AI speed? Scientists have developed a light microchip
A group of scientists from the University of Pennsylvania described in the magazine Nature Photonicsa silicon photonic processor, which is to significantly speed up the calculations needed in AI operation and reduce energy consumption. The system can be produced using today's methods.
Development of Polish AI. The Ministry of Digitization resumes the work of working groups
In response to the growing importance of artificial intelligence in the world, Poland is taking steps to strengthen its position in this area. The Minister of Digitization, Krzysztof Gawkowski, announced the resumption of work of working groups focusing on AI, IoT and innovative technologies.
Sustainable people management. Is measuring work time already a thing of the past?
A Deloitte analysis based on surveys conducted among 14,000 HR leaders and managers from 95 countries reveals that less than one fifth of respondents believe their companies effectively measure employee productivity. At the same time, relations between staff and organizations are becoming increasingly tense. Could moving away from traditional methods of measuring efficiency be the solution to this situation?
Job market trends 2024. Women's activation, AI and the impact of Generation Z
Based on the analysis of fourteen key technological, cultural and social changes, the ManpowerGroup report indicates trends that will shape the labor sector, including the increase in salaries for sales specialists and the growing demand for workers with so-called "green skills".
USA: Epidemic of fake job offers. Since 2019, losses have reached 737 million dollars
The United States has been struggling with a wave of job market fraud for several years. According to a study by the Surfshark platform based on data from the Federal Trade Commission, scammers have defrauded in this way since 2019 737 million dollars. Their main methods of operation are fake job offers and sham employment and consulting agencies requiring a fee for using their services.
Is my profession better than yours? Occupation ranking 2024 [No Fluff Jobs Report]
According to nearly 90% of Polish women and men, people involved in politics earn too much. In the case of influencers, 69% of respondents share the same opinion - this is the conclusion of the latest report "Occupation ranking 2024. How Polish women and men evaluate selected professions?". The study took into account four factors: adequacy of earnings, social significance of professions, feelings towards a given profession, perception of the profession in the context of gender.
The technology market in Poland and worldwide
Getting closer to a huge investment. There will be a Polish semiconductor factory
The VIGO Photonics project has been included in the list of projects selected for co-financing under the European Funds for Modern Economy 2021-2027. The company wants to build a factory for infrared chips, which will revolutionize the way data is collected by electronic devices. VIGO Photonics is a global leader in the production of uncooled, photonic infrared detectors using its own unique technology. The offered detectors are used in industry, medicine, military technology, and research work.
Intel is splitting into two organizations. The company wants to strengthen its position in the semiconductor market
Intel CEO Pat Gelsinger announced during Intel Foundry Direct Connect a company restructuring, as a result of which a second company named Intel Foundry is being established. This will be an organization dealing with everything related to production, packaging, and testing of semiconductors. The planned changes are intended to enable Intel to closely cooperate with its current market rivals: AMD, Nvidia, and Arm.
Will Apple pay 500 million euros for anti-competitive actions? EU decision due in March
In response to a complaint filed by Spotify in 2019, the European Commission has launched an antitrust investigation against Apple. Its aim was to determine whether the Cupertino giant deliberately blocked iPhone users from being informed about the availability of alternative music streaming apps outside the App Store. As a penalty, the company will most likely have to pay a fine of up to 500 million euros. The official decision of the European Commission is to be announced in early March.
Nvidia's CEO announces the "death" of coding. In his opinion, people should learn agriculture
Jensen Huang, CEO of Nvidia, appeared last week at the World Government Summit in Dubai, where he argued that coding will soon become a redundant skill. Huang stated that although we are at an early stage of the AI revolution, this technology can already replace us in many programming tasks. According to Nvidia's CEO, we should all focus on developing more practical skills such as biology, education, production, and agriculture.
Jensen Huang, CEO of Nvidia, argues that we should stop saying kids should learn to code.
He argues the rise of AI means we can replace programming languages with human language prompts thus enabling everyone to be a programmer.
PFR Ventures invests 150 million PLN in four Polish VC funds
PFR Ventures has signed agreements with four Polish venture capital funds, which invest in innovative companies in the country and the CEE region. These are Inovo VC, Market One Capital and SMOK Ventures. The fourth fund will be announced at a later date, but it is already known that the team will focus on financing companies in the growth phase (growth equity) from Poland and Europe and it will be managed by a group of experienced managers. The target size of the fund will be similar to the size of the other Polish funds from the PFR VC Hub portfolio.
A new fund of funds will be established in Ukraine
Ukrainian Venture Capital and Private Equity Association (UVCA) announces the creation of a fund of funds, which will start in Ukraine. As reported by Forbes, its capitalization is expected to reach 300 million USD
Valuations of acquired technology companies worldwide fell for the second year in a row
Valuations of acquired technology companies worldwide fell for the second year in a row in 2023 and are now almost half lower compared to the pandemic peak in 2021 - according to a report by consulting firm Bain & Company. It was indicated that the reason for the market correction were high interest rates, macroeconomic uncertainty and restrictions related to the regulatory environment.
Cybersecurity
Europe the main target of cybercriminals in 2023
According to a new report by IBM Security Services, European countries were the most frequent targets of cyberattacks worldwide in 2023. Over 30% of all global cases of network security breaches involved, among others, the United Kingdom, Germany, Denmark, Portugal, Italy, and France.
Mobile gaming market in excellent condition. State of Mobile Gaming 2024 report
In 2023, mobile games accounted for 63% of all spending in app stores. Consumers spent a total of 107.3 billion dollars on them, according to the State of Mobile Gaming 2024 report prepared by the data.ai platform. And although this is a 2 percent decrease compared to 2022, the gaming industry has seen significant growth in key markets, signaling a positive trajectory. At the same time, the value of spending on mobile advertising increased by 8% year on year and reached 362 billion dollars.
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Editor-in-chief of Digitized. He has been associated with journalism for almost a third of his life; he worked for the Polish editions of Playboy, CKM and Esquire magazines, as well as Well.pl and naTemat.pl services. In his texts, he tries to understand reality and describe it objectively. He remains skeptical about many phenomena, but is not afraid to admit a mistake and change his mind. A native of Warsaw. Privately, he is a seeker of sense in nonsense and order amidst entropy. He likes wise words.
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Karina Orzechowska
English