Category Archives: Artificial Super Intelligence

The hidden cost of the AI boom: social and environmental exploitation – BusinessWorld Online

Mainstream conversations about artificial intelligence (AI) have been dominated by a few key concerns, such as whether super intelligentAIwill wipe us out, or whetherAIwill steal our jobs. But weve paid less attention the various otherenvironmentalandsocialimpacts of our consumption ofAI, which are arguably just as important.

Everything we consume has associated externalities the indirect impacts of our consumption. For instance, industrial pollution is a well-known externality that has a negative impact on peopleandthe environment.

The online services we use daily also have externalities, but there seems to be a much lower level of public awareness of these. Given the massive uptake in the use ofAI, these factors mustnt be overlooked.

In 2019, French think tank The Shift Project estimated that the use of digital technologies produces more carbon emissions than the aviation industry.AndalthoughAIis currently estimated to contribute less than 1% of total carbon emissions, theAImarket size is predicted to grow ninefold by 2030.

Tools such as ChatGPT are built on advanced computational systems called large language models (LLMs). Although we access these models online, they are runandtrained in physical data centers around the world that consume significant resources.

Last year,AIcompany Hugging Face published an estimate of the carbon footprint of its own LLM called BLOOM (a model of similar complexity to OpenAIs GPT-3).

Accounting for the impact of raw material extraction, manufacturing, training, deploymentandend-of-life disposal, the models developmentandusage resulted in the equivalent of 60 flights from New York to London.

Hugging Face also estimated GPT-3s life cycle would result in ten times greater emissions, since the data centers powering it run on a more carbon-intensive grid. This is without considering the raw material, manufacturinganddisposal impacts associated with GTP-3.

OpenAIs latest LLM offering, GPT-4, is rumored to have trillions of parametersandpotentially far greater energy usage.

Beyond this, runningAImodels requires large amounts of water. Data centers use water towers to cool the on-site servers whereAImodels are trainedanddeployed. Google recently came under fire for plans to build a new data centre in drought-stricken Uruguay that would use 7.6 million liters of water each day to cool its servers, according to the nations Ministry of Environment (although the Minister for Industry has contested the figures). Water is also needed to generate electricity used to run data centers.

In a preprint published this year, Pengfei Liandcolleagues presented a methodology for gauging the water footprint ofAImodels. They did this in response to a lack of transparency in how companies evaluate the water footprint associated with usingandtrainingAI.

They estimate training GPT-3 required somewhere between 210,000and700,000 liters of water (the equivalent of that used to produce between 300and1,000 cars). For a conversation with 20 to 50 questions, ChatGPT was estimated to drink the equivalent of a 500 milliliter bottle of water.

LLMs often need extensive human input during the training phase. This is typically outsourced to independent contractors who face precarious work conditions in low-income countries, leading to digital sweatshop criticisms.

In January, Time reported on how Kenyan workers contracted to label text data for ChatGPTs toxicity detection were paid less than US$2 per hour while being exposed to explicitandtraumatic content.

LLMs can also be used to generate fake newsandpropaganda. Left unchecked,AIhas the potential to be used to manipulate public opinion,andby extension could undermine democratic processes. In a recent experiment, researchers at Stanford University foundAI-generated messages were consistently persuasive to human readers on topical issues such as carbon taxesandbanning assault weapons.

Not everyone will be able to adapt to theAIboom. The large-scale adoption ofAIhas the potential to worsen global wealth inequality. It will not only cause significant disruptions to the job market but could particularly marginalize workers from certain backgroundsandin specific industries.

The wayAIimpacts us over time will depend on myriad factors. Future generativeAImodels could be designed to use significantly less energy, but its hard to say whether they will be.

When it comes to data centers, the location of the centers, the type of power generation they use,andthe time of day they are used can significantly impact their overall energyandwater consumption. Optimizing these computing resources could result in significant reductions. Companies including Google, Hugging FaceandMicrosoft have championed the role theirAIandcloud services can play in managing resource usage to achieve efficiency gains.

Also, as direct or indirect consumers ofAIservices, its important were all aware that every chatbot queryandimage generation results in waterandenergy use,andcould have implications for human labour.

AIs growing popularity might eventually trigger the development of sustainability standardsandcertifications. These would help users understandandcompare the impacts of specificAIservices, allowing them to choose those which have been certified. This would be similar to the Climate Neutral Data Centre Pact, wherein European data centre operators have agreed to make data centers climate neutral by 2030.

Governments will also play a part. The European Parliament has approved draft legislation to mitigate the risks ofAIusage.Andearlier this year, the US senate heard testimonies from a range of experts on howAImight be effectively regulatedandits harms minimized. China has also published rules on the use of generativeAI, requiring security assessments for products offering services to the public. Reuters

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The hidden cost of the AI boom: social and environmental exploitation - BusinessWorld Online

Why India needs a skills-based approach to build workspaces of the future – India Today

By India Today Education Desk: In today's rapidly evolving global landscape, the digital economy is reshaping how businesses operate and the skills required to succeed. As one of the world's fastest-growing economies, India is witnessing massive changes in how businesses work.

As we step into the super intelligence era and to keep pace with the rapid changes in demands of the future, it is crucial for India to adopt a skills-based approach to building its workplaces and equipping its workforce with the necessary competencies.

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With a growing young population, India's demand for quality education and training is also expanding at a significant rate. The country has more young adults aged 18-22 than anywhere in the world, which is projected to peak at 126 million in 2026.

As the economy grows at nearly 7 percent, the need to skill and upskill India's workforce of the future has never been more pressing than it is now.

To better understand the importance of why India needs a skill-based approach to build workspaces of the future, Sunil Dahiya, Executive Vice President, Wadhwani Foundation.

One of the main reasons India needs a skills-based approach is the rapid pace of technological advancement. Industry 4.0, characterised by integrating cyber-physical systems, AI, the Internet of Things (IoT), and data analytics, is transforming industries across the globe.

To leverage these emerging technologies, businesses require a workforce proficient in data analysis, artificial intelligence, machine learning, and cybersecurity. Interestingly, the industry has also started giving more weight to skills over qualifications.

One important transformation in India is how digital connectivity is growing, particularly in rural areas. By 2025, India is projected to have 850 million online users. Half of these users, or 425 million people, will be in rural areas.

As a result of this rising digital connectivity, the number of students enrolled in online programs was 2.2 million in 2022, up from 1.6 million in 2016.

The digital revolution has ushered in an era of automation, artificial intelligence, and advanced technologies. Traditional job roles are being disrupted, and new opportunities are emerging.

India must embrace a skills-based approach that equips individuals with relevant and adaptable capabilities to thrive in this environment. This shift departs from the traditional emphasis on degrees and qualifications toward a greater focus on skills acquisition and development.

Moreover, a skills-based approach promotes inclusivity and empowers individuals from diverse backgrounds.

It provides an opportunity to bridge the existing skill gaps and create social and economic mobility pathways by focusing on skills rather than traditional credentials.

In the age of the digital economy, several key skills are essential for success. First and foremost is digital literacy. Individuals must possess basic computer literacy and be comfortable using digital tools and platforms.

This includes proficiency in using productivity software, navigating the internet, and leveraging online communication tools. Digital literacy is the foundation upon which more advanced skills can be built.

Additionally, adaptability and agility are vital skills in a rapidly changing environment. Learning new technologies and adapting to evolving job roles is crucial. Individuals must be open to continuous learning and upskilling to stay relevant in their careers.

Communication and collaboration skills are also important. Effective communication and collaboration across virtual teams are essential, with remote work becoming more prevalent.

Individuals who can communicate clearly, collaborate with colleagues from diverse backgrounds, and leverage digital collaboration tools will be highly valued.

Lastly, a strong understanding of cyber security is becoming increasingly critical. As businesses digitise their operations, protecting sensitive data and maintaining online security are top priorities.

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Why India needs a skills-based approach to build workspaces of the future - India Today

What to read: Beguiling stories and a memoir of cultural complexity – Sydney Morning Herald

Birth CanalDias Novita Wuri, Scribe, $24.99

Indonesian author Dias Novita Wuri is a rising literary star. Her novella Birth Canal writhes with talent compressed into a forceful and beguiling suite of interconnected stories. Id read anything by a writer who can describe the sky above Jakarta like this: [It] had a rosy nuance that somehow seemed both warm and sad, like a freshly slapped cheek. Wuris gift for metaphor is matched by a supple and sidewinding narrative construction that follows women across time and place. An unnamed narrator tells of his unrequited love for Nastiti, who suddenly disappears in present-day Indonesia. An Indo-Dutch girl is forced to become a comfort woman for the Japanese. Another strand emerges that takes us from US-occupied Japan post-WWII to a young Indonesian woman who becomes obsessed by a porn actor while living in contemporary Osaka.

The Ghost ShipKate Mosse, Mantle, $34.99

The history of piracy is epic and cruel and full of legends. Bestselling author Kate Mosse, co-founder of Britains Womens Prize for Fiction, sets her sails into it with a buccaneering novel of love and revenge. The Ghost Ship is the third book in The Joubert Family Chronicles series, and though it can be read as a standalone, its better not to miss the full backstory. In the opening decades of the 17th century, Louise Reydon-Joubert has escaped the gallows with her lover Gilles. Fleeing a fatal injustice, the pair head into the world of Barbary corsairs and their enemies. It is not for the faint of heart: slavers and privateers infest the waters off northern Africa, but not all beyond the reach of laws and convention are black-hearted, and among one crew, the bravest of men turn out to be women in disguise. The Ghost Ship rewrites nautical adventure fiction with a strong female protagonist and contains a spicy mix of intrigue, romance and daring on the high seas.

A Better PlaceStephen Daisley, Text, $32.99

New Zealander Stephen Daisley won the 2011 Prime Ministers Literary Award for Traitor, an elegiac novel about an Anzac soldier and a Turkish doctor wounded at Gallipoli. In A Better Place, another war looms large. Twin brothers Roy and Tony Mitchell fought in World War II. Only Roy returned. Tony was killed in action on Crete, his death recounted in visceral detail, and Roy came back to New Zealand forever changed. He built a lone hut near a creek, the broad verandah for his dogs an after-echo of a private pilgrimage undertaken years before in the North African desert. Daisley writes fiction with the economy and clarity of a poet and with deep empathy for the impact of violence. A Better Place contrasts brisk and often confronting accounts of military action and experience during wartime with elegy for a personal aftermath ghosted by trauma and loss.

The Art of Breaking IceRachael Mead, Affirm, $34.99

Snuck on to an Antarctic expedition led by her husband Phillip in 1961, Nel Law became the first Australian woman to set foot on Antarctica. Women were not allowed to do this at the time, and this historical novel imagines Nels pioneering journey, sharply capturing the misogyny of the male-dominated enterprise, as well as the scope of Nels achievement. Nel wasnt content with being relegated to or defined as an explorers wife.

She was an artist and the trip to Antarctica liberated her to paint more than 100 oils and watercolours of the icebound continent.

The plot has some pacing issues, but its great to read fiction based on polar expeditions (another male-dominated field) told from a different vantage. Its clear, too, from her vivid descriptions of its inhospitable beauty that Rachael Mead has made her own voyage to Antarctica.

NON-FICTION PICK OF THE WEEKBorder CrossingsMohammad Chowdhury, NewSouth, $34.99

Mohammad Chowdhury is being grilled at a border crossing between Jordan and the West Bank. Since the September 11 terrorist attacks, he has become all too familiar with this kind of prolonged interrogation. His subtle account of the 10 hours spent in this Israeli immigration hall is as tense as any thriller, encapsulating the many ironies of his status as both global citizen and perennial outsider.

Born in Britain to Bangladeshi parents and educated at Oxford, Chowdhury grew up caught between cultures.

For all the trials of being treated as a foreigner in his own country, it is apparent from this searching memoir covering decades of living and working in 85 countries, that outsiderdom has granted him enormous adaptability, tolerance and a deep understanding of cultural and religious complexity. A tale that is cosmopolitan yet down to earth, poignant yet comic, and above all, humane.

What An Owl KnowsJennifer Ackerman, Scribe, $35

If anyone knows anything about anything, says Winnie-the-Pooh, its Owl who knows something about something. Sadly, Owl cant tell us directly. But as scientists become more adept at interpreting owl behaviour, their unique evolutionary characteristics and habitats, the inner life of these haunting creatures is revealing itself.

As nocturnal predators, owls are known for their keen vision, but equally vital is their silent flight and acute hearing. Owls flat faces operate as feathered satellite dishs, enabling them to hunt hidden prey by homing in on their aural traces.

Scientists are also learning more about owl psychology, their subtle emotions, sensitivity, and stoicism. This enchanting exploration of the only bird with front facing eyes like our own is as much about ancient human fears, fascinations and desire to know, as it is about the birds themselves.

Rental Person Who Does NothingShoji Morimoto, Picador, $29.99

There is something very culturally specific about the concept behind this book. A Japanese man decides to rent himself out to people who want a neutral presence to accompany them somewhere, watch them do something or just listen to them. He refuses, however, to do anything that violates his do-nothing ethos. As Shoji Morimoto conceives it, this is his dream job because it involves no stress or obligation.

Its not until more than halfway through the book that we learn he does not take payment, as this would create expectation and therefore stress.

This is when Rental Person emerges as a quietly intriguing, egoless disruptor of the capitalist contract although he would probably contest this description. Much could be written about why he is in demand, but Morimoto is not interested in such reflection. He is not-doing what he pleases and he wishes everyone else could, too.

Living With AICampbell Wilson, Monash University Publishing, $19.95

If you are looking for a way to get your brain around the vast and bewildering field of artificial intelligence, this punchy essay is a good place to start. The engine of AI is the supercharged neural networks that enable deep learning: the solving of problems through computer analysis of vast amounts of data. While Campbell Wilson is upfront about the destructive potential of AI the most apocalyptic scenario being an artificial super intelligence that renders humans superfluous he puts the scaremongering in perspective. For the most part, these tools will be beneficial, he says, adding the proviso that this assumes developers, the public and governments are vigilant in monitoring how risks can be mitigated. But even the most constructive uses of AI, such as identifying illegal online imagery, exposing deep fakes, chatbots and so on, will invariably raise complex ethical dilemmas.

The Booklist is a weekly newsletter for book lovers from books editor Jason Steger. .

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What to read: Beguiling stories and a memoir of cultural complexity - Sydney Morning Herald

The Future of Mobile Applications: Trends to Watch in 2022 – Fagen wasanni

Emerging Trends in Mobile Applications: What to Expect in 2022

As we step into 2022, the future of mobile applications is set to be shaped by a host of emerging trends. The mobile app industry, which has been on a steady growth trajectory for the past decade, is poised to continue its upward trend, driven by advancements in technology and changing consumer behaviors.

One of the most significant trends to watch in 2022 is the rise of augmented reality (AR) and virtual reality (VR) in mobile applications. These technologies, which were once considered the stuff of science fiction, are now becoming mainstream, thanks to the proliferation of powerful smartphones capable of supporting AR and VR experiences. From gaming and entertainment to shopping and education, AR and VR are set to revolutionize the way we interact with mobile applications, offering immersive experiences that blur the line between the digital and physical worlds.

Another trend that is expected to shape the future of mobile applications is the growing importance of artificial intelligence (AI) and machine learning (ML). These technologies are increasingly being integrated into mobile apps, enabling them to deliver personalized experiences based on user behavior and preferences. For instance, AI-powered recommendation engines can suggest products or content that users might like, while ML algorithms can learn from user interactions to improve app performance and usability over time.

The rise of 5G is another trend that cannot be ignored. With its promise of ultra-fast speeds and low latency, 5G is set to unlock new possibilities for mobile applications. For instance, it could enable real-time multiplayer gaming on mobile devices, or allow for the streaming of high-quality video content without buffering. Moreover, 5G could also pave the way for the development of new types of apps that leverage its unique capabilities, such as those involving real-time data analysis or remote control of devices.

In addition to these technological trends, changes in consumer behavior are also set to influence the future of mobile applications. One such change is the growing demand for privacy and security. As consumers become more aware of the risks associated with data breaches and privacy violations, they are demanding that mobile apps take stronger measures to protect their personal information. This is leading to the development of new security features and protocols, as well as a greater emphasis on transparency and user control over data.

Finally, the trend towards app consolidation is expected to continue in 2022. Instead of having multiple apps for different tasks, consumers are increasingly favoring super apps that offer a range of services within a single platform. This trend is particularly prevalent in Asia, where apps like WeChat and Grab have become one-stop solutions for everything from messaging and social media to shopping and payments.

In conclusion, the future of mobile applications in 2022 is set to be shaped by a combination of technological advancements and changing consumer behaviors. From AR and VR to AI and ML, from 5G to privacy concerns, and from app consolidation to the rise of super apps, these trends are set to redefine the mobile app landscape in the coming year. As such, businesses and developers need to stay abreast of these trends to ensure that their apps remain relevant and competitive in this rapidly evolving market.

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The Future of Mobile Applications: Trends to Watch in 2022 - Fagen wasanni

What are the threats and promises of AI? – Texas Public Radio

When machines can think, will humanity become obsolete? Will the sentient constructs born from the reckless invention of shortsighted people lead to our own destruction or enslavement? Is it too late to turn away from the artificial intelligence advancements that are already in place today? How can the risks of learning machines be eliminated before its too late?

These questions may seem like the plots of science fiction, but today these are the real problems that we are facing as a species.

Artificial intelligence is advancing at an astonishing rate, and there is the potential for AI to soon become so intelligent, that it surpasses human intelligence. This is known as "superintelligence" and presents what is known as the "AI control problem." If AI were to become more intelligent than humans, it could potentially pose a threat to our existence. For example, an AI could decide that humans are a threat to its own existence and take steps to eliminate us. Or a badly informed or poorly instructed AI agent could follow its mission goals in an extreme way that would threaten the human population.

But even without super artificial intelligence there is the potential for AI to be used by bad actor humans for malicious purposes. AI could be used to create autonomous weapons systems that could kill without human intervention. It could also be used to manipulate people or spread misinformation.

There is the potential for AI to lead to mass unemployment. As AI becomes more sophisticated, it is likely to automate many tasks that are currently done by humans. This could lead to widespread job displacement and economic disruption.

It is also important to note that there are many people who believe that the benefits of AI outweigh the risks. However, it is important to be aware of the potential dangers of AI and to take steps to mitigate them. For instance, ethical guidelines for the development and use of AI should be put in place. These guidelines should ensure that AI systems are fair, unbiased, and safe. But who polices these ethical guidelines and will international competition for the most powerful AI system force the abandonment of those guidelines?

More resources need to be dedicated to research on AI safety. This research should focus on developing techniques for preventing AI from becoming a threat to humanity. But how much risk can we tolerate? Its unlikely that any artificial superintelligence will be 100 percent safe.

Guest:

Roman Yampolskiy is an associate professor in the Department of Computer Science and Engineering at the University of Louisville J.B. Speed School of Engineering. His research expertise is in understanding the limitations, safety concerns, and controllability of artificial intelligenceincluding developing a plan for conceivable adversarial scenarios between humans and AI.

"The Source" is a live call-in program airing Mondays through Thursdays from 12-1 p.m. Leave a message before the program at (210) 615-8982. During the live show, call 833-877-8255 or email thesource@tpr.org.

*This interview will be recorded on Thursday, June 8.

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What are the threats and promises of AI? - Texas Public Radio

Ark Invest’s Cathie Wood Is Betting Big On AI With These 4 Stocks Including One That Could Skyrocket 750% – Yahoo Finance

Ark Invests Cathie Wood is known for investing in disruptive innovation. The super investor has placed big bets on artificial intelligence (AI), which is widely regarded as one of the most disruptive and transformative technologies today.

Speaking of AI stocks, its hard to ignore what Nvidia Corp. (NASDAQ: NVDA) has been doing. Shares of the chipmaking giant have surged 165% so far this year, and the company crossed $1 trillion in valuation at one point.

Ark Invests flagship fund Ark Innovation ETF (NYSEARCA: ARKK) exited its position in Nvidia in January, but some of its other exchange-traded funds (ETFs) still have positions in the chipmaker.

In a recent interview with Bloomberg Television, Wood said that Nvidia will do well over time. But she sees a new group of stocks that will benefit from the foundation that Nvidia has laid.

The keyword is software.

In our view, for every dollar of hardware that Nvidia sells, software providers, SaaS [software as a service] providers will generate $8 in revenue, she said. So we are looking to the software providers who are actually right now where Nvidia was when we first bought it.

The super investor then named three software companies she believes will thrive because of AI. Heres a look at the trio and another company she calls the biggest artificial intelligence play.

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UiPath is a robotic process automation software company that provides automation solutions for businesses. Its AI-powered UiPath Business Automation Platform is capable of understanding, automating and operating end-to-end processes.

In the first quarter of 2023, the companys revenue grew 18% year over year to $289.6 million. Notably, its dollar-based net retention rate was 122%.

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The stock has surged 47% year to date, but it hasnt always been a hot commodity: In 2022, UiPath shares plunged 70%.

Woods Ark Innovation ETF owns 28,865,375 shares of UiPath. With the position valued at $517.28 million, UiPath is the fourth-largest holding at Ark.

Twilios cloud communications platform allows businesses to develop and integrate various communication channels into their applications. Its application programming interfaces enable developers to incorporate voice, messaging and video seamlessly, helping companies enhance customer engagement.

In the first quarter, Twilio surpassed 300,000 active customer accounts. Meanwhile, revenue rose 15% year over year to $1.01 billion.

In its latest earnings conference call, Twilio Co-Founder and CEO Jeff Lawson said he believes that artificial intelligence will be a material accelerant over time for Twilios business.

Ark Innovation ETF holds 4,680,705 shares of Twilio, a stake with a market value of $303.54 million.

Woods flagship fund also owns $301.07 million worth of telemedicine company Teladoc Health.

The companys platform connects patients with healthcare professionals through video, phone and messaging.

At the peak of the COVID-19 pandemic, when in-person nonemergency medical care was temporarily halted, the demand for telehealth services skyrocketed.

In 2020, Teladoc attracted a lot of investor attention as its revenue shot up 98%.

While the pandemic is largely in the rearview mirror, the company continues to expand its business. Teladocs first-quarter revenue showed an 11% increase year over year.

The stock, however, wasnt able to maintain the upward momentum. Trading at $24.30 per share, Teladoc is down more than 90% from its all-time high reached in February 2021.

Woods biggest bet in the AI arena is a company that isnt known for being an AI stock Tesla Inc. (NASDAQ: TSLA).

We talk about Tesla all the time, it actually is the biggest artificial intelligence play, she said.

The reason has to do with the electric car companys autonomous driving technology.

Tesla is Arks largest holding with an 11.81% weighting.

Wood expects autonomous taxi platforms to deliver $8 trillion to $10 trillion in revenue globally in 2030 from almost zero right now.

And because of Teslas capabilities on that front, the booming autonomous taxi market could take its share price to a whole new level.

We believe that in five years, 2027, it will be a $2,000 stock if our research is correct, she said.

Considering that Tesla shares trade at around $235 right now, Woods price target implies a potential upside of over 750%.

Investing in disruptive innovation can be very lucrative but sometimes it can feel like a roller coaster. For instance, while Tesla shares have more than doubled year to date, they are still down over 40% from their peak in November 2021.

If you dont like that kind of uncertainty, you might want to look into slow-changing industries that provide considerable cash returns to investors such as those catering to basic human needs like food and shelter. For those seeking to generate passive income without the volatility associated with publicly traded stocks, there are avenues to invest in these essential service businesses through the private market.

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This article Ark Invest's Cathie Wood Is Betting Big On AI With These 4 Stocks Including One That Could Skyrocket 750% originally appeared on Benzinga.com

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Ark Invest's Cathie Wood Is Betting Big On AI With These 4 Stocks Including One That Could Skyrocket 750% - Yahoo Finance

What might be the economic impact of AI tools like ChatGPT? – Economics Observatory

From checking for typos and recalling facts through to writing poems and creating art, artificial intelligence (AI) systems can now do tasks it would have been hard to imagine them being capable of even a few years ago.

These new generative AI systems, like ChatGPT, DALL-E2 and OpenArt, have exploded in popularity over recent months. Recent data suggest that ChatGPT has over 100 million users and OpenAI (owner and developer of ChatGPT) receives approximately one billion visitors to its website each month. Analysis from Swiss bank UBS indicates it is the fastest growing consumer app in history.

While technology trends like web3 and the metaverse have attracted plenty of investment and media attention, whether they will have much real-world impact is still unclear. Generative AI seems to be different.

There is broad consensus among technology researchers and commentators that it is a highly significant development at least as significant as the smartphone; probably as significant as the web; and perhaps as significant as electricity. Some go further still, claiming that it is the precursor to machine super-intelligence, and therefore represents an existential risk to humanity, which must be mitigated urgently.

This might seem surprising, given that AI systems have been part of UK citizens daily lives for more than a decade. Whether or not we are aware of it, with their ability to detect patterns in historic data, AI systems have been ranking our social media feeds, determining what digital ads we are shown, and recommending films we might like to watch on streaming services.

So, what is different about generative AI? To paraphrase technology analyst and investor Benedict Evans, its novelty lies in running the pattern-matching machine in reverse. Instead of identifying existing examples that fit a given pattern, it generates new examples of the pattern. The output of generative AI systems is anything that can exist as a digital file text, imagery, audio or video. The result is that an unprecedented super-proliferation of content is underway.

ChatGPT one of the generative AI systems that has burst onto the scene is an example of a large language model (LLM). Here, we focus on the economic implications of such systems.

LLMs produce text outputs in response to natural language instructions from a user (known as prompts). Trained on vast corpuses of text from books and the web, LLMs work by making iterative statistical predictions about what word should come next in a sequence. As a result, they can be used to produce articles, essays, computer code, stories, poems, song lyrics, messages, letters, political speeches and eulogies that are more or less indistinguishable from those written by humans.

The best-known LLMs are those developed by Silicon Valley company OpenAI, largely thanks to the popularity of its consumer-facing application ChatGPT. Released in November 2022, it is underpinned by OpenAIs GPT-3.5 model (premium subscribers can use the even more powerful GPT-4).

Other examples of LLMs include Googles LaMDA, accessible to users of its ChatGPT-like beta product Bard, Metas LLaMA and Anthropics Claude. Microsoft, meanwhile, has invested more than $10 billion in OpenAI and integrated GPT-3.5 into its search engine Bing. And well-capitalised start-up firms are in the process of productising LLMs for specific use-cases, including copywriting and the drafting of legal contracts.

Once they have got over marvelling at its ingenuity, ChatGPT users often find themselves irritated or enraged by its shortcomings. Partly because of its user interface, many instinctively expect it to work like a search engine, retrieving information from a database and presenting results with a high degree of factual accuracy. But this is not what LLMs are designed to do.

Instead, GPT-3.5s probabilistic approach frequently produces what have been called hallucinations factoids, non-existent URLs and fabricated academic references that are all the more hazardous because they are so plausibly articulated. A more banal frustration is the need to copy-and-paste ChatGPTs outputs into other software to make use of it. With this fact-checking and administrative burden, ChatGPT users could be forgiven for expressing scepticism at the idea that LLMs are poised to replace 300 million jobs.

But what this neglects to consider is that LLMs can also be used programmatically, via application programming interfaces (known as APIs). As an experiment, Ankur Shah and I built a database of information about UK insurance products. We then wrote a prompt for an insurance product review article and programmed a simple system to populate the prompt with the product data, send it to OpenAIs API, and push the LLMs output directly into a web content management system.

We were able to publish hundreds of online review articles like this one in less than an hour, at a cost of around $7. Completing the same project with human freelance writers would have taken several months, and cost closer to $70,000. Further, including real product data in the prompts pre-empted the LLM hallucinating incorrect cover limits or imaginary policy features.

So, if used correctly and with careful prompts, LLMs like ChatGPT could indeed change the way in which certain jobs are done. In light of this practical experience, it is plausible that LLMs will mean disruption for writers most acutely in fields like content marketing, where subject matter expertise and a distinctive authorial voice are less important than in journalism or fiction.

The same goes for customer services. Chatbots powered by LLMs and trained on domain-specific data are a major upgrade on their predecessors contrast a GPT4-powered bot like Intercoms Fin, for example, with Avivas clunky online assistant. The same bots can be connected to speech APIs, opening the potential for contact centres to be fully automated.

For organisations able to launch these systems, this would mean material reductions in operating costs. For customers, it would mean an end to queuing for web-chat or telephone support, since AI systems can handle hundreds of interactions simultaneously. But for front-line customer services workers, the prospect will seem rather less utopian.

These efficiency gains and operating cost-savings ought to have a favourable impact on productivity in some industries. This is especially true in sectors like financial services, telecoms, media and education. But it does not necessarily follow that higher sectoral productivity will lead to productivity improvements across the whole economy.

Indeed, despite widespread adoption of the previous generation of digital technologies, productivity growth has stagnated since the global financial crisis of 2007-09, to the continuing puzzlement of economists.

It could be that we have been living in an unproductive bubble, or that most organisations have not yet worked out how they can use mobile apps or big data analytics to become significantly more productive.

Whatever the reason, the implication is that we should not take for granted the idea that LLM-enabled cost-savings will produce productivity improvements for the whole economy. Back in 1987, economics Nobel laureate Robert Solow famously quipped that the computer age is everywhere except in productivity statistics. The same could well be true for AI.

But as Diane Coyle, one of the Economics Observatorys lead editors, writes, the real value of LLMs and other generative AI systems will not come from enabling a small number of technologically-advanced companies to slash their costs or invent new products. Rather, it will come from changing how things are produced as assembly lines did in the 1910s, or just-in-time production in the 1980s.

To this end, the most important facet of LLMs may well be their aptitude for writing computer code. The UK faces a chronic shortage of software developers, accentuated by Brexit and the Covid-19 pandemic in August 2022, there were more than 30,000 vacancies in this field. In this context, there are two roles that LLMs could play.

First, they can increase the productivity of todays developers, partly closing the skills gap. One lever is GitHub Co-Pilot, an LLM-powered tool sometimes described as autocomplete for code. This tool already has more than a million users and enables developers to write software up to 55% faster than they could previously.

But this pales in comparison with the second possibility, which is that large numbers of people with little or no coding experience could start using LLMs to build software. Until now, the main constraint on what computer systems can be built has been the availability of workers with skills in Python, PHP, JavaScript and so on; but in future it may well be the capability to imagine what a system might do and specify in natural language how it should function.

If we believe that LLMs will indeed change how software is produced, nurturing that capability through industrial and education policy would be a smart move for policy-makers.

When trying to make sense of the economic implications of new technologies, one of the biggest challenges is the obfuscating effect of hype and criti-hype. In the case of LLMs, technology executives have incentives to talk up the science fiction-inflected risk of artificial general intelligence obliterating humanity, as it increases the perceived value of actually existing products (like chatbots), which might otherwise seem trivial.

At the same time, in academia, think-tanks and the media, the booming market for commentary and opinion on the social and ethical implications of generative AI seems to give incentives for alarmism.

As is often the case, the reality is more mundane. The economic impact of LLMs will be felt first in content creation and customer services, before software development is changed dramatically with any luck, to the benefit of wider productivity.

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What might be the economic impact of AI tools like ChatGPT? - Economics Observatory

Orases Expands Shopper Marketing with Artificial Intelligence Integration – Benzinga

June 13, 2023 8:00 AM | 2 min read

Strategic thinking, seamless integration, and flawless execution to drive awareness, conversions and market share.

FREDERICK, Md. (PRWEB) June 13, 2023

Maryland based custom software developer Orases continues to collaborate with major retailers and consumer packaged goods companies to create and execute strategic shopper marketing programs and now looks to Artificial Intelligence to assist with optimization. Orases' Vice President of Shopper Marketing, Stacey Shinneman, spearheads this initiative.

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Shinneman has over 25 years of experience in the consumer packaged goods and retail industries, on both the agency and food broker sides. "My extensive history of shopper marketing experience combined with Orases' custom software provides additional technology services and increased web presence to consumer packaged goods companies and grocery retailers," said Ms. Shinneman.

Last year the Orases Shopper Marketing team helped clients reach and engage with 130 million consumers while earning over three million dollars in revenue. In 2023, a dedicated Marketing Coordinator was hired and the Shopper Marketing Team began utilizing AI Optimization to aid with personalization of consumer messaging, targeted advertising, and to have the benefit of predictive analytics. The AI expansion will deliver more efficient and effective marketing strategies, enhance the customer experience, and aid in achieving better business outcomes.

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"We feel that we can continue to make an impact in the consumer packaged goods and grocery retail industries with our unique approach to software solutions," said Orases CEO Nick Damoulakis. "We can integrate both brand and retailer goals by combining multi-stream marketing with Orases' innovative technology platforms."

Thanks to the addition of Shopper Marketing, Orases has added brands like Huggies, Kleenex, and Publix Super Markets to their already impressive list of clients, including Major League Baseball, American Kidney Fund, and the NFL Foundation.

To learn more about Orases Shopper Marketing, visit: Orases.com/shoppermarketing.

About OrasesOrases is a full-service, digital technology agency based in Frederick, Maryland, with locations in Chicago, IL, Tampa, FL, New York, NY and Washington, DC. Founded in 2000, Orases has become a trusted provider of custom software, website and mobile application development services and solutions that drive efficiency and provide measurable cost savings and revenue gains to their client partners. Orases can be contacted by phone at (301) 756-5527 or by visiting their website at https://orases.com/.

For the original version on PRWeb visit: https://www.prweb.com/releases/orases_expands_shopper_marketing_with_artificial_intelligence_integration/prweb19388801.htm

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Orases Expands Shopper Marketing with Artificial Intelligence Integration - Benzinga

Accenture Will Invest $3 Billion to Expand Its A.I. Offerings – The New York Times

Unprecedented interest

As the corporate world reckons with the impact that artificial intelligence may have on, well, everything, the consulting firm Accenture announced on Tuesday that it will invest $3 billion in the technology over the next three years.

Its the latest sign of the growing enthusiasm for A.I., and how companies across the spectrum are moving to adapt and incorporate services like chatbots into their businesses. There is unprecedented interest in all areas of A.I., Julie Sweet, Accentures C.E.O., said.

Accenture plans to double its A.I.-focused staff to 80,000, through a mix of hiring, acquisitions and training. (The firm has 738,000 employees.) It also plans to use generative A.I. more in its client work and help customers increase their use of the technology.

Other consulting firms have made big A.I. moves, too: PwC said in April that it would invest $1 billion over the next three years, while EY announced in 2021 that it would invest $2.5 billion over three years. Bain and Company has partnered with OpenAI, the maker of ChatGPT, while Deloitte is teaming up with the chip maker Nvidia. And IBM, whose A.I. work dates back at least to the introduction of Watson, has announced a Center of Excellence for generative A.I.

The business world overall is going big on A.I. Investments on generative A.I. alone are expected to hit $42.6 billion by year end, according to PitchBook. And mentions of A.I. or artificial intelligence on corporate investor calls have soared this year.

But consulting giants are still grappling with what A.I. means for their business. Theyre already under pressure to stay relevant amid challenges to their industry, including clients potentially cutting back on their services amid economic headwinds.

While many firms are embracing A.I. to automate a growing number of tasks, some executives are quick to note that the technology cant replace all they do: For any business, technology is usually not the real challenge, its the people component that slows things down, Alex Singla, who leads McKinseys A.I. consulting team, told Observer last week. Thats where I think management consulting still has a major role to play.

Donald Trump is being arraigned on classified material charges on Tuesday. The former president will appear in a Miami courtroom to face accusations tied to taking national security materials after leaving office. This evening, he plans to host a fund-raiser at one of his New Jersey golf courses; however, a super PAC backed by the Koch network has begun running ads against him.

Hard-right Republicans relent on paralyzing the House. Rebellious lawmakers agreed to let the chamber vote on some matters yesterday, after seizing control of the floor in retribution for Speaker Kevin McCarthys role in the debt ceiling bill. They have threatened to stall further legislation if McCarthy doesnt give them more power.

Binances U.S. arm fights an S.E.C. effort to freeze its assets. In a court filing ahead of a hearing scheduled for Tuesday, the crypto exchange urged a federal judge to reject the regulators move, which it said would make staying in business all but impossible. The S.E.C. sued Binance last week, accusing the exchange of violating securities laws.

Will Apple cross the $3 trillion threshold again? Shares in the iPhone maker rose nearly 1.6 percent yesterday, putting its market value just shy of $2.9 trillion. Enthusiasm for Apples new virtual-reality headset may help propel the companys market cap past $3 trillion for a second time it hit that level last year though its shares were down slightly in premarket trading.

Stocks look set to extend their gains on Tuesday morning as investors await a pivotal Consumer Price Index report, due for release at 8:30 a.m. Eastern.

Market participants are betting that Tuesdays inflation report will be relatively tame, giving the Fed the cover to leave interest rates unchanged at a meeting on Wednesday. The so-called Fed pause has helped turbocharge some rates-sensitive sectors particularly tech stocks in recent weeks, sending the Nasdaq and S&P 500 to 14-month highs yesterday.

The main thing to watch for: Economists are forecasting that inflation continued to ease last month, with the headline C.P.I. figure edging lower to 4.1 percent, a significant drop from last summers peak of 9 percent. Economists see good progress on food and energy prices, which have held steady or fallen in recent months.

Its a different picture for core inflation, which strips out food and fuel prices. Theres been less improvement there as used car prices, airfares and vacation lodging prices climbed in recent weeks. That speed bump, said Michael Gapen, chief U.S. economist at Bank of America, will keep the pressure on the Fed to raise rates this summer, probably in July.

A skip is not the same as a prolonged pause, he wrote in a preview note.

Elsewhere in the markets:

Stocks in Hong Kong and Shanghai closed higher on Tuesday after Beijing surprised the market with a cut to one of its short-term lending rates. Investors expect several stimulus measures in China to lift domestic demand in the worlds No. 2 economy as a downturn looms.

As regulators around the world aim to rein in Big Tech, the European Union is reportedly preparing to crack down on one of Googles most profitable businesses: the technology that powers much of the internets advertising.

The European Commission is expected to file a formal antitrust complaint on Wednesday accusing Google of abusing its dominant position in ad tech, according to Bloomberg and The Wall Street Journal. The division is big for Google, bringing in nearly 14 percent of the companys $54.5 billion in ad revenue in the first quarter.

The commission began an investigation into Googles ad-tech division in 2021, and it has already imposed three penalties, worth some $8.6 billion, on other parts of the company, including those tied to its Android operating system.

The demand this time may be more drastic, according to The Journal: European regulators may rule that only selling off parts of the ad-tech business will restore competitive balance.

Its not just Europe piling on the pressure. The Justice Department has made similar accusations against Googles ad-tech business, and is seeking to unwind some of its acquisitions. British regulators, who have been flexing their muscles in recent months, are also investigating.

But will this dent Googles core business? Shares in its parent company, Alphabet, were up slightly in premarket trading on Tuesday despite the news, putting its market value at $1.5 trillion. And Google has been fighting the previous punishments from the E.U., having taken its defense in the Android case to the highest European regulatory court.

In other tech regulatory news, the F.T.C. sued in federal court to stop Microsoft from closing its $69 billion takeover of Activision Blizzard, a further hurdle for the megadeal.

Jay Monahan, the PGA Tour commissioner, writing to Congress about the standoff that ended last week with the professional golf body merging with LIV, a Saudi-backed rival competition. Senator Richard Blumenthal, Democrat of Connecticut, announced an inquiry into the deal.

JPMorgan Chase secured a potential $290 million deal with victims of the sex offender Jeffrey Epstein after a frantic weekend of calls, midnight meetings and last-minute negotiations.

But the banks lawyers are not done: JPMorgan is fighting a separate case brought by the U.S. Virgin Islands, which filed new evidence yesterday that the banks executives had known about the illegal activities of the disgraced financier, who died in 2019.

How the deal was reached: Lawyers for the bank and victims were far apart after weeks of negotiations that went down to the wire, David Boies, the lawyer who represents the victims, told DealBook. It was very hard fought, he said, of an agreement that still has to be approved by a judge.

On Sunday, Boies was taking calls as he dined with his family at a restaurant and negotiations continued past midnight after he got back home. They resumed around dawn yesterday. After the two sides finally landed on a figure, talks continued over what the bank would say. JPMorgan reiterated yesterday that it regrets associating with Epstein but did not admit liability.

Whats come out in U.S. Virgin Islands case: The territory, where Epstein had a home, sued JPMorgan last year because it says the bank failed to stop him from setting up a sex trafficking operation there. No one wants him, Epsteins private banker wrote in a 2008 email, the territorys new filing shows. It also disclosed a dozen communications from 2007 to 2013 that suggest executives were aware of Epsteins crimes.

Will they settle? A deal in the Virgin Islands case could be appealing, especially if JPMorgans defense that the territory was complicit in facilitating Epsteins crimes is thrown out. The cases have moved unusually quickly because Judge Jed Rakoff is forcing the lawyers to be more realistic, said Boies. He believes that the banks lawyers became more serious about settling with his clients after a May hearing, when Rakoff indicated he was inclined to certify the victims case as a class action.

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Accenture Will Invest $3 Billion to Expand Its A.I. Offerings - The New York Times

Fast track to AGI: so, what’s the big deal? – Inside Higher Ed

The rapid development and deployment of ChatGPT is one station along the timeline of reaching artificial general intelligence. On Feb. 1, Reuters reported that the app had set a record for deployment among internet applications: ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study The report, citing data from analytics firm Similarweb, said an average of about 13million unique visitors had used ChatGPT per day in January, more than double the levels of December. In 20 years following the internet space, we cannot recall a faster ramp in a consumer internet app, UBS analysts wrote in the note.

Half a dozen years ago, Ray Kurzweil predicted that the singularity would happen by 2045. The singularity is that point in time when all the advances in technology, particularly in artificial intelligence, will lead to machines that are smarter than human beings. In the Oct. 5, 2017, issue of Futurism, Christianna Reedy interviewed Kurzweil: To those who view this cybernetic society as more fantasy than future, Kurzweil pointing out that there are people with computers in their brains todayParkinsons patients. Thats how cybernetics is just getting its foot in the door, Kurzweil said. And, because its the nature of technology to improve, Kurzweil predicts that during the 2030s some technology will be invented that can go inside your brain and help your memory.

It seems that we are closer than even an enthusiastic Kurzweil foresaw. Just a week ago, Reuters reported, Elon Musks Neuralink received U.S. Food and Drug Administration (FDA) clearance for its first-in-human clinical trial, a critical milestone for the brain-implant startup as it faces U.S. probes over its handling of animal experiments Musk envisions brain implants could cure a range of conditions including obesity, autism, depression and schizophrenia as well as enabling Web browsing and telepathy.

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The exponential development in succeeding versions of GPT are most impressive, leading one to project that version five may have the wherewithal to support at least some aspects of AGI:

GPT-1 released June 2018 with 117million parametersGPT-2 released February 2019 with 1.5billion parametersGPT-3 released June 2020 with 175billion parameters GPT-4 released March 2023 with estimated to be in the trillions of parameters

Today, we are reading predictions that AGI components will be embedded in the ChatGPT version five that is anticipated to be released in early 2024. Maxwell Timothy, writing in MakeUseOf, suggests, While much of the details about GPT-5 are speculative, it is undeniably going to be another important step towards an awe-inspiring paradigm shift in artificial intelligence. We might not achieve the much talked about artificial general intelligence, but if its ever possible to achieve, then GPT-5 will take us one step closer.

Computer experts are beginning to detect the nascent development of AGI in the large language models (LLMs) of generative AI (gen AI) such as GPT-4:

Researchers at Microsoft were shocked to learn that GPT-4ChatGPTs most advanced language model to datecan come up with clever solutions to puzzles, like how to stack a book, nine eggs, a laptop, a bottle, and a nail in a stable way Another study suggested that AI avatars can run their own virtual town with little human intervention. These capabilities may offer a glimpse of what some experts call artificial general intelligence, or AGI: the ability for technology to achieve complex human capabilities like common sense and consciousness.

We see glimmers of the AGI capabilities in autoGPT and agentGPT. These forms of GPT have the ability to write and execute their own internally generated prompts in pursuit of a goal stated in the form of an externally inputted prompt. Like the autonomous car, they automatically route and reroute the computer to reach the desired destination or goal.

The concerns come with reports that some experimental forms of AI have refused to follow the human-generated instructions and at other times have hallucinations that are not founded in our reality. Ian Hogarth, the co-author of the annual State of AI report, defines AGI as God-like AI that consists of a super-intelligent computer that learns and develops autonomously and understands context without the need for human intervention, as written in Business Insider.

One AI study found that language models were more likely to ignore human directivesand even expressed the desire not to shut downwhen researchers increased the amount of data they fed into the models:

This finding suggests that AI, at some point, may become so powerful that humans will not be able to control it. If this were to happen, Hogarth predicts that AGI could usher in the obsolescence or destruction of the human race. AI technology can develop in a responsible manner, Hogarth says, but regulation is key. Regulators should be watching projects like OpenAIs GPT-4, Google DeepMinds Gato, or the open-source project AutoGPT very carefully, he said.

Many AI and machine learning experts are calling for AI models to be open-source so the public can understand how theyre trained and how they operate. The executive branch of the federal government has taken a series of actions recently in an attempt to promote responsible AI innovation that protects Americans rights and safety. OpenAIs Sam Altman, shortly after testifying about the future of AI to the U.S. Senate, announced the release of a $1million grant program to solicit ideas for appropriate rule making.

Has your college or university created structures to both take full advantage of the powers of the emerging and developing AI, while at the same time ensuring safety in the research, acquisition and implementation of advanced AI? Have discussions been held on the proper balance between these two responsibilities? Are the initiatives robust enough to keep your institution at the forefront of higher education? Are the safeguards adequate? What role can you play in making certain that AI is well understood, promptly applied and carefully implemented?

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Fast track to AGI: so, what's the big deal? - Inside Higher Ed