Generative AI: Revolutionizing Industries and Tackling Climate Change
News of the week
From generative AI's potential to add $4.4tn to the global economy to Toyota Research Institute's new generative AI-powered vehicle design tool, the impact of AI and advanced computing is wide-ranging. Other recent developments include the use of AI by FIFA to identify and report those responsible for social media abuse during the World Cup and the use of generative AI by Bild, Germany's biggest-selling newspaper, to replace a range of editorial jobs. However, AI is not yet mature enough for use in smart toys, according to the CEO of VTech Holdings.
Generative AI could add up to $4.4 trillion to the global economy annually, McKinsey report says
Generative AI has the potential to add up to $4.4 trillion to the global economy annually, according to a McKinsey report. This technology could automate 60-70% of tasks that currently take up workers' time, with its value primarily found in customer operations and software engineering. McKinsey's report identifies 63 generative AI use cases across 16 business functions, including automating conversations with customers, creating personalized messages, generating code, and "generative design" for new drugs and materials. The technology is expected to become a $1.3 trillion market by 2032.
https://www.businessinsider.com/generative-ai-add-44-trillion-global-economy-mckinsey-2023-6
US-based Generative AI Job Postings Up 20% in May
Job postings related to generative AI increased by 20% in the US in May, with data scientist roles making up 5% of AI job postings. The growing interest in AI technology is fueled by the success of OpenAI's ChatGPT, leading to a surge in job seeker interest in AI-related jobs. However, despite increased interest, the number of available AI jobs is not keeping up with demand. The article also features humorous comments on various tech-related topics, including blockchain and cults. Additionally, DuckDuckGo has released a beta version of its browser for Windows with privacy tools.
https://slashdot.org/story/23/06/22/1557238/us-based-generative-ai-job-postings-up-20-in-may
How AI and advanced computing can pull us back from the brink of accelerated climate change
Francesco Ricciuti of Runa Capital has written an article discussing how AI and advanced computing can help combat accelerated climate change. AI is seen as a tool in the fight against climate change, but it requires vast computing power and energy consumption, which can accelerate climate change. The role of AI in climate change will be discussed at the Transform 2023 event in San Francisco on July 11-12. The training of AI models emits carbon dioxide, but open-source software is being used to reduce the carbon footprint of AI. Advanced computing must be used to do tasks more efficiently and with less energy to make AI sustainable. Quantum computing, neuromorphic computing, and photonics are emerging technologies that can solve some of the problems AI is currently tackling. Companies such as Pasqal, Qubit Pharmaceutical, IBM, Lightmatter, and Luminous are leaders in these areas. By adopting advanced computing methods as alternatives to AI, businesses can mitigate AI's impact on the environment while still benefiting from its power to address climate change.
Toyota Research Institute unveils generative AI-powered vehicle design tool
Toyota has developed a new tool for vehicle design that uses generative AI to create design sketches based on text prompts. The tool allows designers to optimize quantitative performance metrics while incorporating precise stylistic attributes and vehicle constraints. This is expected to enhance the creative process and improve efficiency in design development. Toyota is currently collaborating with teams to integrate the tool into their vehicle design and development process. The company is also presenting at an event in San Francisco about leveraging the power of Generative AI.
FIFA Used AI to Identify 300 People Harassing World Cup Players, Notified Law Enforcement
FIFA used AI to identify and report over 300 individuals responsible for social media abuse towards World Cup players during the 2022 tournament in Qatar. The project scanned over 20 million posts and comments, flagged over 19,000 as abusive, and aims to protect players and officials during the tournament. The identities of these individuals will be shared with relevant authorities for real-world action to be taken against them. The use of AI to flag abusive comments and identify the authors is not a violation of rights as it does not involve facial recognition.
German tabloid Bild to replace range of editorial jobs with AI
Germany's biggest-selling newspaper, Bild, is cutting 200 jobs and replacing some with AI technology as part of a €100m cost-cutting program. CEO Mathias Döpfner previously stated that AI could "replace" independent journalism. The company aims to focus on creating original content such as investigative journalism and original commentary to survive.
How AI Could Help Detect Fake News Instead of Making It
A computer science professor believes AI-powered algorithms can help detect and counter the spread of fake news and misinformation. The rise of social media has exacerbated the problem and intervention strategies are needed to combat it. Detecting and controlling the spread of misinformation requires a multi-faceted approach, including machine-learning models, AI, and human analysis. Recent advances in generative AI pose a challenge for detecting and countering misinformation at scale and in real-time.
https://gizmodo.com/ai-chatgpt-detector-fake-news-generate-misinformation-1850549536
AI-powered teddy bears could read personalized bedtime stories to kids within 5 years, the boss of a major toy producer said
Toymaker Spiral Toys is developing a prototype of an AI-powered teddy bear that can read personalized bedtime stories to children using voice recognition technology. The CEO of VTech Holdings predicts that such smart toys that teach children values could be common by 2028. However, experts warn about privacy concerns and the dangers of AI, and governments are considering regulating it. VTech is exploring the use of AI in its toys, but generative AI is not yet mature enough for use in toys.
https://www.businessinsider.com/ai-teddy-bears-read-bedtime-stories-kids-2028-toymaker-2023-6
Opaque Systems unveils confidential AI and analytics tools ahead of Confidential Computing Summit
Opaque Systems has announced the release of confidential AI and analytics tools for secure and private data sharing. The tools prioritize confidentiality, using privacy-preserving generative AI and a zero-trust analytics platform called Data Clean Room. The lack of secure data sharing and analysis has led to restrictions on data access, elimination, and masking. The company's platform uses secure hardware enclaves and cryptographic fortification to create the zero-trust Data Clean Room, which offers multiple layers of protection against cyberattacks and data breaches. It operates in a cloud-native environment and executes within a secure enclave on the user's cloud instance, reducing the likelihood of loss. The innovations will be showcased during Opaque’s keynote address at the Confidential Computing Summit on June 29 in San Francisco.