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- The employees secretly using AI at work
The employees secretly using AI at work
Also: Meta touts AI might as digital ads boost outlook
AI KATANA
October 26, 2023
Welcome!
In today's AI news roundup: ChatGPT's clandestine adoption by employees has sparked concerns of data leakage, leading to debates on its official integration into workplaces. Generative AI continues to transform HR, pivoting its role from administrative to strategic, emphasizing its role in reimagining workflows and driving organizational alignment. In the medical domain, AI is proving instrumental in aiding diagnosis, with tools like UpToDate experimenting with generative AI enhancements. Financially, Meta Platforms sees a positive trajectory, crediting its AI-driven strategies for impressive Q1 2023 revenue, particularly in ad sales. On the other hand, Google's spending on AI causes Wall Street analysts to question its monetization strategies, despite Sundar Pichai's optimistic outlook on AI's potential. Amazon Ads introduces a generative AI tool for enriched ad imagery, and in the venture capital world, the legal AI startup, Eve, launches with a robust seed funding round from notable investors, signaling a growing interest in AI applications for the legal sector.
Sliced:
🤐 The employees secretly using AI at work
🗄️ How Generative AI Will Transform HR
👨🏾⚕️ AI could help doctors make better diagnoses
📈 Meta touts AI might as digital ads boost outlook
💵 Wall Street wants to know how Google’s going to profit from AI
Since OpenAI's ChatGPT was introduced in 2022, its integration into the workplace has become a topic of debate. While many companies fear the potential leakage of sensitive data, workers find the tool invaluable for tasks ranging from content aggregation to complex research. Some employees, aware of its advantages, have been discreetly using ChatGPT and other AI tools, often without informing their superiors. A study showed that 68% of professionals who use AI do not disclose it to their bosses. As companies contemplate bans on such tools, experts caution against stifling innovation and productivity. Employees, meanwhile, are continually finding new platforms and methods to covertly benefit from AI, prioritizing their competitive edge.
Generative AI is spearheading a transformation in HR, enhancing delivery, and promoting personalized employee interactions. This change propels HR to the forefront of organizational tech strategies, as it exemplifies responsible GenAI adoption to other departments. By shifting from administrative to strategic roles, HR is evolving into a crucial business partner, leveraging GenAI to revamp workflows and foster learning, thus aligning with executive aspirations of a more insightful HR function.
AI is making strides in assisting medical professionals with diagnosis and patient care. Dr. Michael Mansour of Massachusetts General Hospital, who specializes in fungal infections in transplant patients, uses a tool called UpToDate, often referred to as "Google for doctors", which provides access to a vast database of medical articles. Mansour is testing an experimental version of this program enhanced with generative AI, aiming to give doctors a more interactive experience. While the potential is evident, there have been some issues with the AI providing incorrect or fabricated data, termed "hallucinations". Nonetheless, AI's promise in medical fields extends to tasks such as synthesizing information from medical research, pre-appointment patient history summarization, and aiding primary care doctors. A study involving ChatGPT found it 77% accurate in diagnoses based on complete clinical scenarios but only 60% accurate with limited information. Experts believe that while AI won't replace doctors, it can significantly enhance their efficiency, allowing them more time for direct patient care.
Meta Platforms witnessed a notable surge in its quarterly revenue, exceeding analysts' expectations, thanks to AI-enhanced ad sales on Facebook and Instagram. This positive financial turnaround, signaled by a 12% after-hours share price jump, came after Meta's substantial investment in AI technology to improve ad targeting and user engagement. The company's AI advancements, notably in ad algorithms, helped increase Instagram usage by 24% in Q1 2023, alongside cost-cutting measures aiming to streamline operations and boost efficiency. Although facing challenges in 2022 due to privacy updates and competition, Meta's Q1 results suggest a promising outlook driven by AI-centric strategies.
During Google’s third quarter earnings conference, Wall Street analysts and investors expressed concerns about how Google, an Alphabet subsidiary, intends to monetize its investments in AI. Despite reporting an 11% revenue growth, concerns were raised due to the company's escalating spending on AI infrastructure, which contributed to the $8 billion capital expenditures in Q3. Sundar Pichai, Google's CEO, highlighted early successes in incorporating AI with advertising and discussed the potential of the Search Generative Experience (SGE), an AI-driven search tool still in the experimental stage. While Pichai offered positive insights on SGE, some responses remained ambiguous. Furthermore, Pichai emphasized the role of AI in enhancing user experience in search and assistance and drew parallels with YouTube, where AI has boosted performance and profitability for advertisers. Chief Business Officer, Philipp Schindler, also outlined the promise of AI, mentioning its role in optimizing ad reach and costs.
🛠️ AI tools updates
Amazon has recently introduced a beta version of its AI-powered image generator through its Amazon Ads platform. This new generative AI tool aims to assist advertisers in creating more captivating and effective advertisements by generating enriched imagery. The AI is capable of producing lifestyle imagery that enhances the aesthetic appeal of the ads, hence improving their performance. Additionally, this tool can generate backgrounds based on product descriptions and themes, which allows for a more contextual and engaging visual presentation of products in advertisements.
💵 Venture Capital updates
Eve, a new legal AI startup, recently secured $14 million in seed funding led by Lightspeed Venture Partners and Menlo Ventures, aiming to offer a personalized AI legal assistant to automate tasks like document review and legal research. The San Francisco-based company's software, crafted by co-founders with backgrounds in product engineering and cybersecurity, provides a set of "skills" for particular tasks that law firms can customize. The launch of Eve reflects the growing interest and investment in legal AI technologies, as law firms and companies explore AI's potential to accelerate legal work.
🫡 Meme of the day
⭐️ Generative AI image of the day
