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AI Has Already Run Out of Training Data, Goldman's Data Chief Says

2 weeks 6 days ago
AI has run out of training data, according to Neema Raphael, Goldman Sachs' chief data officer and head of data engineering. "We've already run out of data," Raphael said on the bank's podcast. He said this shortage is already shaping how developers build new AI systems. China's DeepSeek may have kept costs down by training on outputs from existing models instead of fresh data. The web has been tapped out. Developers have been using synthetic data -- machine-generated material that offers unlimited supply but carries quality risks. Raphael said he doesn't think the lack of fresh data will be a massive constraint. "From an enterprise perspective, I think there's still a lot of juice I'd say to be squeezed in that," he said. Proprietary datasets held by corporations could make AI tools far more valuable. The challenge is "understanding the data, understanding the business context of the data, and then being able to normalize it."

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Google Says Hackers Are Sending Extortion Emails To Executives

2 weeks 6 days ago
An anonymous reader shares a report: Google said hackers are sending extortion emails to an unspecified number of executives, claiming to have stolen sensitive data from their Oracle business applications. In a statement, Google said a group claiming affiliation with the ransomware gang cl0p, opens new tab was sending emails to "executives at numerous organizations claiming to have stolen sensitive data from their Oracle E-Business Suite." Google cautioned that it "does not currently have sufficient evidence to definitively assess the veracity of these claims."

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Walmart To Deploy Sensors To Track 90 Million Grocery Pallets by Next Year

2 weeks 6 days ago
Walmart plans to deploy sensors across its 4,600 US stores by the end of 2026 to track 90 million pallets of groceries shipped annually [Editor's note: non-paywalled source]. The retailer and technology vendor Wiliot announced the expansion Thursday. The sensors will monitor the location, condition and temperature of perishables as they move from warehouses to stores. Walmart started testing Wiliot's sensors at a Texas warehouse in 2023 and has expanded to 500 locations. The full rollout will cover the retailer's US store network and 40 distribution centers. The microchips measure 0.7 square millimeters and are embedded in shipping labels. They use Bluetooth to transmit real-time data about pallets. Walmart previously relied on manual scanning and paper checks by employees. The Arkansas-based company employs 2.1 million people but increased revenues by $150 billion over five years without adding workers. Walmart accounts for more than a fifth of US grocery sales.

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Linkedin CEO Says Fancy Degrees Will Matter Less in the Future of Work

2 weeks 6 days ago
Top college degrees may no longer provide the edge they once did in the job market, per LinkedIn CEO Ryan Roslansky. "I think the mindset shift is probably the most exciting thing because my guess is that the future of work belongs not anymore to the people that have the fanciest degrees or went to the best colleges, but to the people who are adaptable, forward thinking, ready to learn, and ready to embrace these tools," Roslansky said. "It really kind of opens up the playing field in a way that I think we've never seen before." A 2024 Microsoft survey found 71% of business leaders would choose less-experienced candidates with AI skills over experienced candidates without them. LinkedIn data showed job postings requiring AI literacy increased about 70% year-over-year. Roslansky said AI will not replace humans but people who embrace AI will replace those who don't.

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