AI a featured topic at G7 summit

May 22, 2023

May 22, 2023

⚡ Today’s Highlights

  • 📰 News: G7 agrees on process to begin AI regulation

  • 💰 Funding: Orbital Witness raises funds for AI due diligence software

  • 🦾 Tools: An incredible AI speech coach that helps you improve your communication skills

📰 Today's Top Stories

(4 min read) (Source: Bloomberg)

TLDR: Leaders agreed on the necessity for AI governance in line with their shared values at the G7 Summit fearing the disruptive potential of rapidly expanding AI technologies. They intend to hold high-level discussions, referred to as the "Hiroshima Process," and present findings by year-end.

  • Differing viewpoints on AI regulation exist among international leaders. UK Prime Minister Rishi Sunak aims to balance risks and benefits of AI, and the EU seeks to enforce rules about user-AI interaction, while Japan favors softer guidelines.

  • Sam Altman, CEO of OpenAI, and IBM's privacy chief have urged US senators for heavier AI regulation due to its potential misuse for disinformation and political disruption. The World Health Organization has also expressed concerns over hasty AI adoption potentially leading to medical errors.

(3 min read) (Source: Axios)

TLDR: The U.S., Japan, and U.K. announced significant investments in chip and quantum computing technology ahead of the G-7 summit. In response to China's aggressive tech investments, the U.S. and other democratic countries are increasingly adopting an active industrial policy toward semiconductor research and manufacturing.

  • The U.K. has committed to invest up to $1.2 billion in semiconductor research and design over the next decade.

  • CEOs of key chip making companies like Taiwan Semiconductor Manufacturing, Samsung, Intel, and Micron met with Japanese PM Fumio Kishida.

  • Micron is dedicating $3.6 billion for advanced memory-chip production in Japan while IBM and Google pledged $150 million for quantum computing research in the U.S. and Japan, orchestrated by U.S. ambassador Rahm Emanuel.

(5 min read) (Source: TechCrunch)

TLDR: Apple is actively recruiting generative AI talent, as evidenced by numerous job listings seeking machine learning specialists to build advanced autonomous systems.

  • Apple has reportedly started limiting use of external generative AI tools, such as OpenAI's ChatGPT and GitHub Copilot, over concerns about proprietary data leaks.

  • This comes as Apple is rumored to be developing its own generative AI products, potentially driving its recruitment efforts. These postings have appeared amid mixed signals from Apple about its stance on generative AI.

💰 Funding Alerts

Orbital Witness, a software company that simplifies the diligence process for properties transactions, raised £7.5 million in a Series A funding round led by PropTech venture firm Parker89, with participation from LocalGlobe, Outward VC, Seedcamp, Portfolio Ventures, and Realty Corporation.

  • Their product uses AI to make it easier for lawyers and property professionals to complete the diligence process that takes place during property transactions.

  • With the newly secured funds, Orbital Witness plans to grow their team of 40 employees and establish strategic partnerships within the property market.

🦾 Trending Tools

  • Arize AI, a market leader in ML observability, has introduced new capabilities for fine-tuning and monitoring LLMs. Gain control, detect issues, and improve LLM responses with Arize's cutting-edge tools.

  • Yoodli’s AI speech coach is here to boost your communication skills with a private, real-time coach for everyday calls. Speak confidently, reduce filler words, and captivate your audience. Trusted by Toastmasters, Google, McKinsey, and major universities.

  • Trible helps you effortlessly build no-code apps and websites powered by AI. Craft your own branded website or app with ease. Maximize visibility, monetize your content, and engage with your audience like a pro.

  • MyShell.ai is the first AI and Web3 powered platform for creating personalized chatbots. Construct versatile bots with customizable knowledge integration, infinite memory, multimodal capabilities, voice studio, internet and API integration, and custom data fine-tuning.

  • Lebesgue is smarter marketing for business growth. Identify critical mistakes in your Google, Facebook, and Instagram Ads. Benchmark your ad performance against industry standards. Leverage market research and competitive analysis. Stay ahead with data-driven insights.

👀 More Reading:

🌎 Fresh Content

1. Elevate, a Canadian non-profit that aims to build and unite world class innovators, hosted a public fireside chat with Sam Altman, CEO of OpenAI, and Tobias Lutke, Founder/CEO of Shopify.

This is a fun and optimistic conversation about AI between two prominent leaders in tech. They cover the apparent risks but also all the potential they see of where this tech can lead us, and all the exciting breakthroughs that are just around the corner. (Youtube)

2. Tom Graham, CEO/Co-Founder of Metaphysic.ai, joined TED’s Chris Anderson, on stage to go through the current and future state of generative AI media and content, while demo-ing real-time face swaps and voice cloning

Metaphysic.ai are the makers of groundbreaking and industry leading software that uses generative AI and ML to create photorealistic Hollywood content. In other words, the best deepfakes in the world. You’ve likely experienced their work in popular TV/Film and social media, and had no idea.

Hear how this AI-generated media that looks and sounds exactly like the real world will soon permeate our lives. They discuss the extraordinary power of this rapidly advancing technology, its risk for exploitation and the new legal rights we'll need in order to maintain control over our photorealistic AI avatars.

🧠 Resources

Today's prompts focus on enhancing business operations with the power of AI. They can assist you in designing personalized recommendation engines, creating customer segmentation systems, and implementing proactive churn prediction and prevention strategies.

These prompts are designed to make complex tasks more manageable and efficient, even if you're not an AI expert. Feel free to customize and refine them to suit your specific requirements.

Personalized Recommendation Engine

  • ChatGPT will assist you in building a personalized recommendation engine that utilizes machine learning algorithms. It will provide recommendations for products or services based on customers' past purchases and browsing behavior, with the aim of increasing customer satisfaction and retention.

  • "Act as a data-driven recommender system expert. Develop a personalized recommendation engine that leverages machine learning algorithms to suggest products or services based on customers' historical purchases and browsing behavior. Start by asking me for any specific business context or constraints that should be considered during the development process."

Customer Segmentation and Targeting

  • ChatGPT will guide you in creating a customer segmentation and targeting system using data analytics and machine learning techniques. The system will help identify distinct customer segments and enable tailored marketing campaigns and offers to improve customer engagement and loyalty.

  • “Take on the role of a customer segmentation expert. Construct a customer segmentation and targeting system that utilizes data analytics and machine learning. The system should identify different customer segments and enable the creation of targeted marketing campaigns and offers. Please specify any specific business requirements or key variables that should be considered during the process."

Proactive Churn Prediction and Prevention

  • ChatGPT will assist you in designing a proactive churn prediction and prevention system. Leveraging machine learning and predictive analytics, the system will identify at-risk customers and provide personalized interventions to retain them before they consider leaving.

  • "As a proactive churn prediction and prevention specialist, design a system that utilizes machine learning and predictive analytics to identify at-risk customers and offer personalized interventions to prevent churn. Please gather any relevant information about your business, such as key churn indicators or available customer data, to ensure the system's accuracy and effectiveness."

📅 Upcoming Events

Upper Bound (May 23-26, 2023 / Edmonton, AB, Canada) is a deep dive into fundamental research in AI and machine learning, merged with a parallel exploration of excellence in industry application.

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