May 31, 2023
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Risks
Latest Proclamation About AI Existential Risk Garners Big Headlines But Stirs Rising Backlash Of AI Overlord Alarmist Fatigue
Forbes, 05/31/23. The recent statement on AI extinction risk has sparked global debates. Advocates argue that it warrants concern comparable to pandemics and nuclear war. Skeptics view it as fearmongering or regulatory manipulation.
Striking the appropriate balance between the threats and benefits of AI is a challenge. But we’ve got to have the discussion and move forward with due care. READ THE ARTICLE
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Impact
AI is about to significantly change your computer: HP CEO
Yahoo!, 05/31/23. The leader of HP expects significant changes to computers within 24 months as AI is integrated into PCs. Users will be able run AI applications locally decreasing cost and latency while increasing data privacy. HP is partnering with chipmakers aims to make this happen by 2024.
PC sales have been in decline but analysts anticipate an AI-driven rebound to increase PC shipments and a demand for high-end features. READ THE ARTICLE
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Generative AI
The Future Of Generative AI Beyond ChatGPT
Forbes, 05/31/23. Generative AI is revolutionizing all sorts of industries. UK energy provider Octopus Energy and software firm Freshworks are already benefiting from AI in customer service and task completion.
Increasingly, generative AI will create deeper and engaging written content, realistic images and videos, immersive metaverse experiences, adaptive soundtracks, complex product design, and enhanced video game interactions. READ THE ARTICLE
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Companies
Next AI winners are not your usual suspects
Fox Business, 05/31/23. The rapid rise of generative AI is reshaping financial markets and creating huge. It’s not just the traditional tech giants who stand to benefit. Nvidia’s success as a leading semiconductor producer highlights this shift.
UBS identified several sectors where AI promises revenue growth, cost savings, and reduced competition. Companies like McDonald’s, Walmart, Equinix, and HCA HealthCare are leveraging AI for improved efficiency and customer experience. Chipmakers such as AMD and Nvidia are also poised to benefit. READ THE ARTICLE
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IP
The U.S. Copyright Office said no to AI, but its explanation is unconvincing
The Baltimore Sun, 05/31/23. The U.S. Copyright Office recently denied legal protection for images created with AI due to a lack of human creativity.
This ruling leaves the innovative work of AI artists vulnerable to theft and unrestricted use. The Copyright Office was seen as imposing a new standard unsupported by legal principles. It requires applicants declare AI involvement and will exclude such images from copyright protection.
The Copyright Office shows no signs of welcoming AI image registration so Congress of the courts will need to act. READ THE ARTICLE
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Law
Lawyer’s AI Blunder Shows Perils of ChatGPT in ‘Early Days’
Bloomberg, 05/31/23. The recent of experience of lawyers Schwartz and LoDuca highlights the perils of relying to heavily on AI chatbots. Among other things, the lawyers ended up citing fabricated court decisions generated by ChatGPT.
This incident underscores the need for attorney competence, responsibility, and updated regulations. Law firms must develop internal policies to address the use of generative AI. As with all industries, the integration AI into the practice of law requires caution and mindfulness of risks and limitations. READ THE ARTICLE
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Hallucinations
OpenAI is pursuing a new way to fight A.I. ‘hallucinations’
CNBC, 05/31/23. OpenAI’s latest research tackles AI “hallucinations” by training models to reward correct reasoning steps, enhancing explainability. While skepticism exists, the company plans to submit the paper for peer review.
Transparency and accountability concerns persist as critics call for more details on data used. Nonetheless, these efforts to reduce errors are necessary and encouraging. READ THE ARTICLE