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OpenAI lays out plan for dealing with dangers of AI

Also: New York City council member-elect used AI to answer questions

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AI KATANA
December 18, 2023

Hi!

In today's roundup of AI news, OpenAI is proactively forming teams of experts to ensure the responsible use of AI technology, particularly in preventing its misuse for creating bioweapons or other harmful purposes. In the hardware realm, the AI industry is increasingly relying on high bandwidth memory (HBM), a technology essential for the high-speed data transfer demands of AI applications. Meanwhile, Gartner predicts a trend where 20% of brands may avoid generative AI to maintain authenticity and counter misinformation concerns. The banking sector is also undergoing a transformation, with AI integration becoming a competitive necessity, requiring a balance between innovation and traditional banking strengths. MIT Sloan's research reveals that generative AI significantly aids less experienced workers, and when introduced properly, it can also benefit highly skilled professionals. In a unique case, a New York City council member-elect used AI to assist in communication due to language barriers, raising questions about AI's role in politics. Google is enhancing its AI offerings for developers with the multi-modal Gemini tools, tailored for various applications. Lastly, in the venture capital world, Revo Capital is setting up a $100 million fund focusing on AI startups, reflecting the continued interest and investment in AI technologies despite challenging economic conditions.

Sliced:

  • 📃 OpenAI lays out plan for dealing with dangers of AI

  • 🆕 New generation of chips will drive the AI wave

  • 🤖 Gartner: 20% of brands to go ‘acoustic’ amid rising generative AI concerns

  • 🧠 How Banks Can Stay Resilient As AI Becomes More Disruptive

  • 🏫 Generative AI research from MIT Sloan

  • 🗽 New York City council member-elect used AI to answer questions

OpenAI, the creator of ChatGPT, is proactively assembling teams of experts, including AI researchers, computer scientists, national security professionals, and policy experts. These teams are tasked with continuously monitoring and testing OpenAI's technology to identify and mitigate any harmful capabilities. The focus is on preventing AI from being used for malicious purposes, such as creating bioweapons or facilitating other dangerous activities. OpenAI aims to balance the benefits and risks of AI development, emphasizing both the upsides and the need for responsible management of the technology.

🆕 New generation of chips will drive the AI wave

The article emphasizes the growing importance of high bandwidth memory (HBM) in the AI industry. Initially deemed commercially unviable, HBM has become essential for AI chipmakers due to its high-speed data transfer capabilities. This technology, pioneered by AMD and SK Hynix, stacks chips in a 3D structure, allowing for faster communication and lower energy consumption. Despite its high cost, the demand for HBM is surging, driven by data-heavy AI applications and the need for more processing power in data centers and AI systems. The article highlights the competitive landscape in the AI chip market, with companies like Nvidia and AMD vying for dominance, and the increasing importance of HBM in these high-stakes technological advancements.

Gartner predicts that 20% of brands will adopt an 'acoustic' strategy, deliberately avoiding generative AI to stand out in a market dominated by AI-driven approaches. This move aims to ensure authenticity and counteract the rising concerns about AI's role in disseminating false information. Meanwhile, marketing leaders are increasingly investing in safeguards for AI usage, highlighting the need to maintain consumer trust and address misinformation issues while integrating AI into marketing strategies. This trend underscores a growing focus on brand integrity and responsible AI use.

🧠 How Banks Can Stay Resilient As AI Becomes More Disruptive

The article discusses the growing impact of AI in the banking sector, emphasizing that banks must adapt by integrating AI to remain competitive, especially against tech sector newcomers. It recommends a cultural shift within banks, focusing on strategic AI investments with clear objectives. Addressing AI's disruptive potential involves a balance between embracing innovation and maintaining the strengths of traditional banking practices. This approach is crucial for banks to stay resilient in an increasingly AI-driven financial landscape.

The research from MIT Sloan examines how generative AI can be effectively utilized in enterprises. It reveals that AI aids inexperienced workers significantly, boosting productivity. For highly skilled workers, generative AI's benefits are maximized when introduced properly, with an emphasis on training and role reconfiguration. The study also indicates that generative AI can help job applicants improve their resumes, thereby enhancing their employment prospects. Additionally, it underscores the importance of human-centric capabilities like creativity and the need for businesses to determine the best ways for humans and machines to collaborate.

The article describes how a New York City council member-elect used AI to answer questions, particularly for a local publication's questionnaire. Susan Zhuang, representing the 43rd Council District in Brooklyn, utilized AI to aid in communication, as English is not her first language. This instance raises broader questions about the appropriate use of AI in politics, especially as AI tools like ChatGPT become more common among politicians and officials, prompting concerns ahead of significant political events like elections.

🛠️ AI tools updates

Google's development of the Gemini AI tools marks a significant advancement in AI technology for developers. Gemini, designed to be multi-modal, can process various forms of data, including text, images, audio, and video. Google has optimized Gemini in three versions: Gemini Ultra for complex tasks, Gemini Pro for a wide range of applications, and Gemini Nano for on-device tasks. These developments reflect Google's commitment to providing versatile and powerful AI tools for diverse applications, catering to the evolving needs of developers and enterprises in the AI space.

💵 Venture Capital updates

Revo Capital, a Turkish venture capital firm known for backing successful tech companies like Getir and Builder.ai, is planning to establish a $100 million fund dedicated to investing in artificial intelligence-driven startups. This new fund, which will be Revo's third, intends to expand its investment scope to include the energy and gaming sectors. It will primarily focus on AI, big data solutions, fintech, health, cloud security, and B2B cloud software. The fund aims to allocate 80% of its resources to Turkish companies, with the remaining directed towards businesses in Central and Eastern Europe. Revo targets a first close of $50 to $60 million in March, aiming for a final close at $100 million, potentially reaching up to $150 million. The context for this fund-raising is challenging, given the current global economic climate marked by inflation and reduced private equity and venture capital investments.

🫡 Meme of the day

⭐️ Generative AI image of the day