July 21, 2023
-
Marketing
Marketing leads other sectors in generative AI acceptance
MarTech, 07/21/23. According to a new Gartner study, consumers are more comfortable with generative AI technology used in marketing compared to any other sector. 38% of consumers interviewed expressed comfort with genAI in marketing, while only 35% were troubled. In contrast, uncomfortable consumers outweighed the comfortable ones in sectors like manufacturing, healthcare, and legal services. This indicates that marketers have an opportunity to lead the way in pioneering genAI technology and building consumer trust. However, overall, 53% of consumers believe genAI will have a negative impact on society. READ THE ARTICLE
-
Models
The biggest AI release since ChatGPT
The Verge, 07/21/23. The recent commercial release of Meta’s second-generation Llama model marks a significant milestone in the rapid development of AI. Industry experts are recognizing Llama 2 as a crucial release, comparable to the impact of ChatGPT last year. With this model, companies can now easily and affordably create customized chatbots using proprietary data, enhancing personalization and usefulness. However, it’s essential to delve into the details. While Llama 2 may be freely accessible, its licensing restrictions prevent it from being technically classified as “open source,” despite Meta’s intention to portray it as such. READ THE ARTICLE
-
Research
Australian DishBrain team wins $600,000 grant to merge AI with human brain cells
The Guardian, 07/21/23. A research team led by Monash University and Cortical Labs has received a $600,000 grant from defense and the Office of National Intelligence (ONI) for their work on merging human brain cells with artificial intelligence. The team aims to create programmable biological computing platforms by combining artificial intelligence and synthetic biology. By studying lab-grown brain cells that can learn tasks like playing the game Pong, the researchers hope to develop better AI machines with the ability to learn throughout their lifetime. This technology could have significant implications for fields like planning, robotics, brain-machine interfaces, and drug discovery. READ THE ARTICLE
-
Economy
What AI means for growth, incomes and inflation
Axios, 07/21/23. The rise of rapidly advancing artificial intelligence (AI) presents a transformative opportunity for industries and jobs, with potential massive implications for productivity, growth, incomes, and inflation. Widespread use of generative AI could spark a surge in productivity growth, leading to increased incomes and trend growth. However, the realization of AI’s full potential might take time. If AI lives up to its promise, we can anticipate higher growth and incomes, accompanied by higher real interest rates and lower inflation, reshaping the economic landscape in profound ways. READ THE ARTICLE
-
Regulation
Before Congress acts on AI, it should fully understand existing legislation
The Hill, 07/21/23. In June, Sen. Chuck Schumer (D-N.Y.) introduced the SAFE Innovation framework for potential artificial intelligence (AI) legislation. This bipartisan effort has the support of Senate leadership and addresses various AI issues such as algorithmic explainability and racially biased AI decision-making. However, it is crucial to consider the existing regulatory powers before granting new ones. Agencies like the Federal Trade Commission have already initiated investigations into AI, indicating that current regulations apply to AI technology. Failure to understand existing AI law could result in regulatory conflicts, a burdensome regulatory web, and unrecognized gaps. To address this, Congress can hold AI insight forums to gather information and collaborate with officials and legal experts to map out existing AI regulations. Without a clear understanding of the existing AI law, the safety and innovation of AI could be compromised. READ THE ARTICLE