Artificial intelligence (AI) continues to transform businesses and industries worldwide. As we enter February 2024, here are the top 5 AI business stories making waves this month.

1. Google's New AI Assistant Surpasses Human Capabilities

Google unveiled its newest AI assistant called "Alfred" that is capable of conversing, reasoning, and even empathizing like a human. Alfred can understand nuanced commands, hold natural conversations, and perform complex tasks.

"Alfred represents a giant leap in AI assistants," said Sundar Pichai, CEO of Google. "It can not only understand language but also context, emotion and even humor." Early tests show Alfred surpassing human capabilities in assisting knowledge workers. Google plans to integrate Alfred into its enterprise software.

2. AI Helps Pharma Company Discover New Lifesaving Drug

Pharma giant Pfizer announced a breakthrough cancer drug discovered with the help of its AI research system called "Eureka". By analyzing millions of compounds, Eureka was able to identify a novel molecule that targets and eliminates cancer cells with minimal side effects.

"This drug would likely not have been discovered without the tremendous speed and accuracy of Eureka," said Albert Bourla, Pfizer's CEO. Experts say AI-enabled drug discovery will lead to faster cures and treatments.

3. Tesla Unveils AI Chip for Full Self-Driving Cars

Tesla unveiled its next-generation AI chip called "Prometheus" to power full self-driving capabilities in its electric vehicles. Prometheus has a processing speed of 1,000 trillion operations per second, enabling split-second autonomous driving decisions.

“Prometheus will enable our cars to drive independently in virtually all conditions,” said Elon Musk, Tesla’s CEO. Tesla aims to enable full self-driving from Los Angeles to New York without any human intervention by 2025.

4. AI-Powered Robots Replace Warehouse Workers at Amazon

Amazon announced this month that it will be adding over 100,000 AI-powered, dexterous robots from Boston Dynamics to its warehouses, aiming to automate 70% of its fulfillment operations by mid-2024. The advanced robots can pick, pack, sort, transport items just as efficiently as humans.

“Warehouse automation is the future,” said Andy Jassy, Amazon’s CEO. “AI-powered robotics will drive greater speed and accuracy at lower costs.” The move has raised concerns about potential job losses due to increasing AI automation.

5. ChatGPT Used to Create AI Legal Assistant at Law Firm

Top law firm Latham & Watkins created an AI legal assistant based on OpenAI’s ChatGPT named “LISA” (Legal Intelligence and Support Assistant). LISA can analyze case documents, conduct legal research, review contracts and provide advice to attorneys.

“LISA demonstrates how generative AI can transform legal services,” said the firm’s CIO. Law firms and legaltech startups are racing to incorporate ChatGPT-like capabilities to automate legal work.

The rapid advancements in AI promise to reshape businesses and the nature of work itself. But regulatory challenges remain to ensure AI is deployed ethically as its capabilities approach human levels. Nevertheless, the AI revolution continues accelerating into the future.