September 26, 2023
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Tools
Third-party AI tools are responsible for 55% of AI failures in business
ZDnet, 09/26/23. The increasing use of third-party AI tools in organizations has led to numerous failures and risks. According to recent research by MIT Sloan Management Review and Boston Consulting Group, over 55% of AI-related failures can be attributed to these tools. These failures can result in reputational damage, financial losses, and loss of consumer trust. The study emphasizes the need for organizations to adapt their third-party risk management programs to the AI context to avoid these consequences. Thorough risk assessment strategies, vendor audits, and compliance with industry standards are recommended to ensure responsible AI deployment. CEO involvement in responsible AI is also crucial for business benefits and investment in AI technologies. READ THE ARTICLE
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Regulation
Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI
CNBC, 09/26/23. Barry Diller, media mogul and chair of IAC and Expedia, expressed his concerns about generative artificial intelligence (AI) and its impact on copyright law. Diller called for a redefinition of fair use to protect published material from being captured and used by AI. His remarks came after prominent authors sued OpenAI for copyright infringement and following the tentative labor deal between Hollywood writers and studios. Diller criticized the deal, stating that it failed to protect writers from AI. He disagreed with Sam Altman, CEO of OpenAI, on the interpretation of fair use. READ THE ARTICLE
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Relationships
AI girlfriends are ruining an entire generation of men
The Hill, 09/26/23. The emergence of virtual AI girlfriends may appear frivolous at first glance, but it is emblematic of a broader and more serious issue – the rising epidemic of loneliness among young men. With over 60% of men aged 18-30 being single and one in five lacking close friends, these virtual companions are becoming substitutes for real relationships. This trend, if unchecked, could lead to declining birth rates, a shrinking workforce, and significant economic consequences, highlighting the need to address the underlying social isolation issue. READ THE ARTICLE
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Training
Can you melt eggs? Quora’s AI says “yes,” and Google is sharing the result
arsTechnica, 09/26/23. The accuracy of Google’s Featured Snippet results has been called into question once again, this time due to an incorrect answer about melting eggs. The answer, pulled from Quora’s integrated AI feature, claimed that eggs can indeed be melted when heated. However, this information is false. Eggs do not melt; they chemically change form when heated. The AI-generated answer on Quora came from the earlier GPT-3 text-davinci-003 API, which often presents false information. This incident highlights the challenge of ensuring accurate search results in an era of AI-generated content. READ THE ARTICLE
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Strategy
8 questions CIOs should ask to prime their business for gen AI
CIO, 09/26/23. The rise of Gen AI is reshaping the business landscape, prompting companies to prepare for its transformative potential. With 99% of executives planning increased investments in this technology, CIOs are central to ensuring enterprise readiness. They must set clear objectives aligned with business goals, choose the right foundation models, adapt AI with proprietary data, and consider sustainability. Gen AI is set to impact 73% of working hours in IT and technology roles, emphasizing the need for a strategic approach. CIOs have a unique opportunity to lead their organizations into a new era of digital transformation. READ THE ARTICLE