"Industrial Revolution-level leap for workers”

AI News

• New research from MIT shows “Industrial Revolution-level leap for workers” with a 37% increase in productivity for those using ChatGPT.

• A.I. will change ‘any professional informational task’ in 2-5 years, says Reid Hoffman. And while he doesn’t think it will take your job, it will require white-collar workers to change how they work. “We’ll have a personal assistant for any professional informational task.”

• ChatGPT is already changing the job market. IBM, Dropbox and others have used AI to explain layoffs. And Arvind Krishna, Chairman and CEO of IBM told Bloomberg that the company will pause hiring for roles that could be replaced with AI, including back-office functions such as human resources.

• Charlie Munger said he’s skeptical of some of the hype that has gone into artificial intelligence and thinks “old-fashioned intelligence works pretty well.” Munger said “Artificial intelligence is not going to cure cancer.” Hmmmm… perhaps he hasn’t heard that AI already designed a potential treatment for hepatocellular carcinoma (HCC), an aggressive cancer which kills 700,000 people a year and did it in less than 30 days. 👀 

AI Opportunities

• A new C-suite role of chief AI officer is coming as AI influences jobs at all professional levels.

• Several new Chat-GPT experts were hired at Bloomberg for $295K-$330K, and at Anthropic for $335K-$450K.

• Bill Gates says A.I. chatbots will teach kids to read within 18 months: You’ll be ‘stunned by how it helps. The AI’s will get to that ability, to be as good a tutor as any human ever could.’

AI Regulation & Risks

• Sam Altman testified to congress and said AI can go ‘quite wrong’ and has been advocating for government intervention including laws so that people know if they're talking to an AI. Said he’s 'nervous' about AI's ability to compromise elections.

• Meanwhile the SEC Chair Gary Gensler said the next financial crisis could come from AI.

• So it’s no surprise there’s a call for a Manhattan Project for AI safety to include a super-charged federal research project that will force tech companies to coordinate their efforts, create cordoned-off environments to test risky advances and pour resources into studying how these large language models actually work.

AI for Leaders

• AI for senior executives: “It’s really important for senior executives to have some sense of what the different AI technologies are, what they’re good for and what stage of development they are in.” As well as the fact that AI gets things wrong frequently, but sounds confident which can lead to misinformation. The technology is not good at some things, and it’s fraught with copyright, privacy, and security risks. Even with all this, everyone should be experimenting with the technology to see what it can do, and how it can make work easier and more efficient. Playing playing poker with ChatGPT can teach us how AI models often have difficulty weighing potential gains and losses, which can lead to irrational decision-making and ultimately nonsensical choices.

• Enterprises need to understand how to adopt ChatGPT securely taking into account data residency, model accuracy, transparency, and the creation of a custom generative AI model for each organization that is fine tuned for their unique requirements and data.

• Employers need to understand the complex issues of bias, privacy, legal compliance, and accuracy.

• AI is become skilled at creating spear-phishing attacks at scale, with emails that feel real but compromise security.

AI tools

• Google brings more AI tools to Workspace including a whole host of AI-injected products to help users draft emails, generate images for slideshows, and suggest funny captions for pictures. Here’s a Side by Side Comparisons of Bard vs ChatGPT comparing brainstorming ideas, developing a plan, finding different ways to get things done, summarizing complex topics, creating blog outlines, writing a first draft, and writing an email. Tl;dr ChatGPT FTW.

• Salesforce reveals conversational AI Tool Slack GPT that brings AI into the Slack to provide users summaries of message threads, assistance with message writing with appropriate language and tone, and a new Workflow Builder, that can produce no-code workflows.

• Anthropic leapfrogs OpenAI with a chatbot that can read and process a novel in less than a minute. Anthropic has expanded the context window of its chatbot Claude to 75,000 words — a big improvement on current models.

• Morgan Stanley built a chatbot trained on their proprietary research using GPT-4. This tool lets employees quickly access the right information. “You essentially have the knowledge of the most knowledgeable person in Wealth Management — instantly. Think of it as having our Chief Investment Strategist, Chief Global Economist, Global Equities Strategist, and every other analyst around the globe on call for every [wealth] advisor, every day. We believe that is a transformative capability for our company.”

• Google Cloud launches A.I.-powered tools to accelerate drug discovery, precision medicine aimed at helping biotech and pharmaceutical companies accelerate drug discovery and advance precision medicine.

• ServiceNow Inc. unveiled new generative artificial intelligence features for its business application.

• Shell to use new AI technology in deep sea oil exploration to process and analyze large amounts of seismic data in the hunt for new oil reservoirs.

• Google announced Immersive View for Maps that will show AI-powered renderings of the actual weather and traffic on your route.

• TikTokers are demonstrating using AI for interior design.

AI Topics to Watch

• Microsoft says new AI is showing signs of human reasoning. Critics say those scientists are kidding themselves.

• Generative AI search tools are a boon for things like literature searches, but need auditing before AI skews research, to identify and correct for biases and limitations.

• Chinese police arrest a man who allegedly used ChatGPT to spread fake news in the first case of its kind, under a new law governing “deep synthesis technologies” which China introduced this year.

AI Unconventional

• An influencer’s AI clone will be your girlfriend for $1 a minute. CarynAI is thought to be the first AI companion product. It allows users to chat with a digital version of Caryn Marjorie, 23, a social media influencer with nearly 2 million followers on Snapchat.

AI Tips

• How to use ChatGPT to write a resume