April 3, 2023

Investing

What if ChatGPT was trained on decades of financial news and data? BloombergGPT aims to be a domain-specific AI for business news

Nieman Journalism Lab, 04/03/23. Bloomberg has developed a large-scale AI model called BloombergGPT, specifically trained on financial data, to perform natural language processing tasks. The model was trained on a corpus of over 700 billion tokens, including Bloomberg’s own financial data. 

BloombergGPT can translate natural language requests, suggest headlines, and answer business-related questions. It outperforms other models on many finance-specific tasks and holds its own on general tasks. Bloomberg’s announcement did not specify how the model will be used, but it may inspire other news organizations to train their own AI models. READ MORE

Detection

Turnitin unveils AI writing detection tool

HIGHER ED DIVE, 04/03/23. Turnitin announced a new feature that detects writing produced by AI tools like ChatGPT in student assignments. It’s integrated AI into current systems with a 98% confidence rate. 

The release comes as educators demand accurate AI detection services. While some colleges have banned AI tools, others have embraced them. Turnitin’s AI detection software may relieve concerns of students over-relying on generative AI for schoolwork, and it will continue to improve its accuracy. READ MORE

Hysteria

Martha Lane Fox warns against hysteria over AI

BBC, 04/03/23. Martha Lane Fox, a UK tech pioneer and digital adviser, warns against being too hysterical about AI. She urges more sensible conversations around its capabilities and the need for frameworks in place. 

Lane Fox champions equality and parity across the tech sector, highlights the lack of women in the industry, and was on the board of Twitter during Elon Musk’s takeover. READ MORE

Tools

Midjourney and its alternatives: a guide to AI image generators

domus, 04/03/23. AI-based image generation has improved rapidly, making it hard to tell real and generated images apart. Midjourney shut down free trials after fake images went viral, including one of Pope Francis in a puffer jacket and a violent arrest of Donald Trump. AFP confirmed that another viral image of a French protester with a bloodied face was produced using Midjourney. 

Alternatives include Dall•E 2, which can create and edit images based on text prompts; Stable Diffusion, which offers more options to guide image generation; and Adobe Firefly, a promising AI model that may integrate into Adobe’s Creative Suite products. READ MORE

Implementation

Making the most of AI: The latest lessons from MIT Sloan Management Review

MIT Sloan, 04/03/23. Organizations investing in AI require a data-driven culture, effective data management, and knowledge of how to evaluate AI tools. 

Human obstacles hinder progress, and leaders must identify and allocate resources to break them down. Managers should assess the “ground truth” of AI models and improve professional development by making career pathways visible, providing a place to practice, and delivering frequent feedback and coaching. READ MORE