Part 2/3:

• DeepMind's AlphaFold system has revolutionized protein folding, and its new AlphaProteo system can now design novel proteins for drug development.

• Amazon is using its own generative AI tool, Amazon CodeGuru, to upgrade 50% of its Java production systems in just 6 months, saving $260 million.

The AI Arms Race and Adoption Challenges

• Big tech companies are in a trillion-dollar AI arms race, but US firms are slow to adopt AI, with only 5.4% currently using it.

• The tech sector has a higher adoption rate, while older, traditional firms are lagging behind.

• Estimates suggest a $44 trillion impact from generative AI and an $11-18 trillion impact from traditional AI, but there is skepticism about the realization of these benefits.

Preparing for the Future

• AI is a general-purpose technology, like steam, electricity, and the internet, with widespread use cases, rapid improvement, and the need for complementary innovation.

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