Daily Tech: AI, Psychedelics, and Tech Developments

FutureGate | February 19 2025

AI’s Economic Impact Projected to Reach $15 Trillion by 2030

PwC’s latest report forecasts that artificial intelligence will contribute $15 trillion to global GDP by 2030, reinforcing AI’s role as a major driver of economic growth. The report highlights AI’s potential to enhance productivity, automate industries, and create new business opportunities across sectors such as finance, healthcare, manufacturing, and logistics. As AI adoption accelerates, companies investing in AI-driven solutions stand to benefit from efficiency gains and cost reductions. Governments worldwide are also recognizing AI’s strategic importance, with increased funding and policy frameworks to support innovation and competitiveness in this space.

Safe Superintelligence in Talks for $1 Billion+ Funding at $30 Billion Valuation

Safe Superintelligence, the AI startup founded by OpenAI co-founder Ilya Sutskever, is reportedly in discussions to raise over $1 billion in funding, which would value the company at more than $30 billion. The company is focused on developing artificial intelligence with a strong emphasis on safety and alignment, ensuring that AI systems remain beneficial to humanity. The funding round, if completed, would position Safe Superintelligence as a key player in the race toward artificial general intelligence (AGI). The increasing capital flow into AI startups underscores investor confidence in AI’s long-term impact on industries and society.

xAI Launches Grok 3 With Advanced Features

Elon Musk’s xAI has officially released Grok 3, the latest version of its AI chatbot, introducing new features designed to improve functionality and user experience. The update enhances Grok’s capabilities in reasoning, contextual understanding, and real-time information retrieval, placing it in direct competition with models from OpenAI, Google, and Anthropic. Grok 3’s release comes as AI-powered chatbots continue to see widespread adoption across industries, with applications in customer service, content generation, and automation. xAI’s expansion into AI services signals increasing competition in the sector, with firms racing to build more sophisticated models that can cater to enterprise and consumer needs.

Psychedelics Sector Gains Momentum as RFK Jr. Signals Support

The psychedelics industry is experiencing renewed investor interest following Robert F. Kennedy Jr.'s public support for psychedelic-assisted therapies. As a candidate with an increasing focus on alternative healthcare solutions, RFK Jr. has signaled that psychedelic treatments could play a role in addressing mental health challenges, including PTSD, depression, and addiction. The sector has already attracted investment from biotech firms developing therapies using compounds such as psilocybin, MDMA, and ketamine, with growing clinical evidence supporting their effectiveness. His backing could accelerate regulatory approvals and federal policy changes, benefiting companies operating in this space. Investors are closely watching legislative developments and potential market opportunities as the psychedelic industry moves toward mainstream acceptance.