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Tech execs warn that AI poses significant “Risk of Extinction”

May 31, 2023

⚡ Today’s Highlights

  • 📰 News: Tech execs warn that AI poses the same “Risk of Extinction” as pandemics and nuclear war

  • 💰 Funding: Vectara and Wellplaece

  • 🦾 Tools: Organize your prompts effortlessly and use ChatGPT while keeping sensitive data private

  • 📅 Events: Data Science Salon NYC is next week!

📰 Today's Top Stories

(4 min read) (Source: The Wall Street Journal)

TLDR: Leading AI executives, including OpenAI CEO Sam Altman, unite with experts such as AI researchers Geoffrey Hinton, Yoshua Bengio and CEOs from DeepMind and Anthropic to emphasize the "risk of extinction from AI" and urge policymakers to prioritize it alongside pandemics and nuclear war.

  • They join over 350 signatories to endorse the following letter published by the nonprofit Center for AI Safety: "Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war."

  • Signatories also emphasized that although the public has been recognizing the risks associated with AI, there are still additional challenges that require further attention and discussion. The signatories aim to foster a shared understanding among the public by highlighting the increasing number of experts, public figures, AI scientists, professors, executives, and leaders who genuinely acknowledge the profound risks posed by advanced AI technologies.

(3 min read) (Source: Reuters)

TLDR: Not too many updates from the G7 officials meeting on the regulation of AI, but here are some takeaways:

(4 min read) (Source: CNBC)

TLDR: Nvidia, a prominent chipmaker, briefly reached a market cap of $1 trillion before experiencing a slight decline to $990 billion. The surge in market value followed their impressive quarterly earnings report, surpassing expectations and driving optimism in the chip industry.

  • Nvidia's strong performance includes an optimistic sales forecast: $11 billion in sales for the second quarter of fiscal 2024, 50% higher than consensus estimates of $7.15 billion.

💰 Funding Alerts

1. Vectara, raised $28.5 million in Seed funding, led by Race Capital (Alfred Chuang, Founder and General Partner) along with other investors such as Stability AI’s Emad Moustaque and formed a Strategic Board of Advisors with Matei Zaharia, the Cofounder and Chief Technologist at Databricks.

  • Vectara is a conversational GenAI search and discovery platform that enables businesses to have intelligent conversations over their own data, leveraging cutting-edge NLU technology.

  • With the funding, Vectara plans to further develop and enhance its hybrid search and grounded generative AI capabilities, aiming to expand accessibility to these breakthrough features.

2. Wellplaece, a product purchasing platform designed for dental offices, raised $5.5 million in Seed funding, led by Eniac Ventures and Bee Partners, with participation from Erik Anderson, co-founder and CEO of WestRiver Group; Haroon Mokhtarzada, co-founder and CEO of Rocket Money (formerly Truebill); Andy Oreffice, former CCO of Affordable Care; and entrepreneur Francis Hellyer.

  • Wellplaece is an automated, multi-vendor supply product purchasing platform designed for dental offices. They use AI to optimize procurement for dental offices, providing cost savings through streamlined supplier sourcing, order management, and consolidated billing with efficient handling of returns and chargebacks.

  • Wellplaece plans to use the funds to expand its operations and increase its business reach.

🦾 Trending Tools

  • GeneratedBy is a platform simplifying prompt creation for prompt engineers and digital workers. Elevate your work effortlessly with automatic generation, testing, and sharing. Access a library of AI prompts and create instant Prompt Based Applications.

  • CapeChat by Cape Privacy helps keep your sensitive data private, while still using ChatGPT. Automatically encrypt and redact sensitive information while using the ChatGPT API. Chat privately and securely with your documents, streamline data transformation, and ask questions confidently. Free and easy to use.

  • gpt-vetting by micro1 helps you make faster and more accurate hiring decisions with a leading technical vetting tool powered by AI. In just 25 minutes, it measures technical and soft skills, provides a trust score, and generates a detailed report. Focus only on the best candidates effortlessly.

  • Freepik AI Image Generator transforms your words into stunning images in various art styles. Easy to use, even for non-experts.

👀 More Reading:

🌎 Fresh Content

1. “The Godfather of AI” Geoffrey Hinton was recently on The Daily, a podcast by The New York Times, to discuss his recent resignation from Google and the regrets and concerns around AI that influenced his decision. (Spotify)

The Godfather of A.I. Has Some Regrets

open.spotify.com/episode/5iPjFDKUJlX2ZceJAyUdSG

2. ChatGPT and OpenAI brought AI into the limelight and one of the most influential voices responsible for this is Sam Altman. ColdFusion covered the life, philosophy, and legacy of the OpenAI CEO and showcased all of the amazing achievements that got him where he is today. (YouTube)

 📅 Upcoming Events

Don’t miss Data Science Salon NYC (June 7-8, 2023 / New York, NY, USA + Virtual), the annual one-day 150-person conferences focused on AI and machine learning applications in finance & technology (June 7) and media & advertising (June 8). Finance & Technology takes place at S&P Global Market Intelligence and Media & Advertising takes place at Blender Workspace in the heart of NoMad. The events bring local industry leaders and specialists face-to-face to educate each other on innovative solutions in artificial intelligence, machine learning, predictive analytics and acceptance around best practices. Register today to attend in-person or virtually!

🧠 Prompts

Take advantage of ChatGPT's capabilities to hone your customer service skills through an engaging role-play exercise. This prompt puts ChatGPT in the shoes of an unhappy customer, giving you an opportunity to practice and improve your response in real-time. As you navigate the scenario, you can gain valuable insights into how to handle such situations in the future, ensuring your customers always leave satisfied.

Customer Service Training Scenario

  • Utilize the capabilities of ChatGPT to simulate a customer service scenario where it plays the role of a disgruntled customer, providing you with practice in managing difficult customer interactions.

  • Prompt: "ChatGPT, let's carry out a role-play for a customer service situation. Assume the persona of a dissatisfied customer who's not pleased with our product. The goal is to play out this scenario in order to refine my customer handling skills."

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