Meta, IBM launch open source AI alliance
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 5 December 2023
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, December 5th. I'm Julie Morgan. There's a new AI Alliance in town. AT&T picks Ericsson over |
| 0:17.0 | Nokia and 5-9 is reportedly exploring a potential sale. Meta platforms and IBM have formed a coalition of more than 50 artificial intelligence firms |
| 0:28.0 | and research institutes advocating for an open source model for AI development. |
| 0:34.0 | The group's stance differs from the closed approach of rivals Google and Open AI |
| 0:39.0 | who is backed by Microsoft amid growing concerns over AI's power. |
| 0:44.0 | Companies in the new alliance include AMD, Dell, Oracle, Intel, |
| 0:48.3 | Intel, Sony, Fast AI, Mass Open Cloud Alliance operated by Boston University and Harvard and more. |
| 0:56.6 | The Alliance known as the AI Alliance will concentrate on the ethical, open, and trusted development of AI technology. |
| 1:05.0 | It will also set up a technical oversight committee and governing board. |
| 1:10.0 | AT&T will buy up $14 billion of cell tower equipment in a five-year deal with Swedish |
| 1:16.6 | supplier Ericsson to deploy its commercial scale open radio access network, or OpenRAN. OpenRAN would allow inter-operation between Telecom Network equipment from different vendors, thereby cutting |
| 1:29.9 | costs drastically. AT&T is aiming for 70% of its wireless traffic to flow through |
| 1:36.2 | open cloud-based platforms by late 2026 and fully integrated open-ran sites are expected to start operating in |
| 1:44.7 | coordination with Ericsson and Fujitsu next year. The contract is a major |
| 1:49.7 | win for Ericsson which is currently responsible for about two-thirds of AT&T's U.S. |
| 1:55.2 | Network. |
| 1:56.2 | Finnish rival Nokia covers the rest of AT&T's business. The deal is expected to move all of AT&T's new equipment purchases to Ericsson and replace Nokia's existing gear. |
| 2:08.0 | AT&T's spanned under the Ericsson deal is expected to be less than its projected wireless capital expenditure over the next five years. |
| 2:16.5 | Pre-market Nokia is down 5.1%, Ericsson is up 4.2% and AT&T is down 0.3%. |
| 2:27.0 | 59 Rose 7.4% Monday amid a report that the call center software provider is evaluating a possible sale. |
| 2:35.1 | According to a Bloomberg report on Monday which cited people familiar with the matter, |
... |
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