- TechSolopreneur
- Posts
- Conscious AI
☕️ Happy Friday! Diving into this week's AI happenings before the weekend hits. Let's explore, learn, and innovate together!
🗞️ Today’s Highlights:
LATEST NEWS & TRENDS — Ontario man out $8K in scam that uses AI to mimic voices of friends and family
INDUSTRY | FUNCTION — Generative AI in Finance: Opportunities & Challenges
RESOURCES — Free AI Resource
WORK — Jobs in a Generative AI Future. An Examination of the impact of Generative AI on the top white collar Jobs and society
AI TOOLS — Aragon: Transform your selfies into AI-generated headshots. Professional photos to make you look your best.
CHARTS — 70 Vital Artificial Intelligence Statistics: 2023 Data Analysis & Market Share
🤖 Conscious AI. Science fiction has often portrayed conscious AI, making it a debated topic. With AI's rapid advancement, the concept is becoming plausible. Recently, 19 experts published a checklist on arXiv to identify AI consciousness. Their framework blends multiple neuroscience-based theories. They believe understanding AI architecture and information flow can reveal consciousness indicators. Despite its comprehensive approach, no current AI, including ChatGPT, is confirmed as conscious. This exploration carries significant ethical implications, emphasizing the importance of understanding and recognizing AI consciousness. Here is the link to the paper.
🗞️ LATEST NEWS & TRENDS
1️⃣ An Ontario man named Sam lost $8,000 to a scam where AI mimics the voices of known persons. The scammer, impersonating a friend, claimed he needed bail money after causing an accident while texting. Voice cloning scams are on the rise in Canada and the U.S. The FTC reports $2.6 billion lost to impersonation scams last year. Experts recommend verifying urgent money requests directly with the alleged caller and using a special "code word".
2️⃣ LLMs, or large language models, are undergoing development to enhance their emotional intelligence and inference abilities, moving closer to human-like communication. AI companies aim to make chatbots more autonomous, but this raises concerns about comprehension and safety. Fast Company discussed Microsoft's collaboration with OpenAI, highlighting the development and success of OpenAI models and Microsoft's heavy investment. Microsoft eventually acquired an estimated 49% of OpenAI for $10 billion. Lastly, U.S. courts have resisted copyrighting AI-generated art, stressing human authorship as key for valid copyright claims.
Reference: (Can generative AI master emotional intelligence?)
Image source: McKinsey & Company
3️⃣ Over the past decade, mentions of AI in U.S. public companies' reports surged from 36 to over 1,000. Touted as the next tech revolution, AI investment and adoption have skyrocketed. While companies such as Nvidia thrive, some signs suggest the boom may be slowing. Companies increasingly integrate AI into operations, from virtual try-ons to fraud detection. However, AI's overuse as a buzzword raises concerns about its genuine application. Potential regulations present risks to companies. The rise of SPACs also highlights the trend of chasing technological fads, prompting caution over AI's current hype.
4️⃣ For the 2023 holiday shopping season, generative AI is set to shape consumer behavior, with 70% of U.S. marketers already employing it. It's generating marketing content, and enhancing virtual/augmented reality experiences with brands like Hugo Boss and Nike leading. Generative AI benefits include tailored content creation, personalized shopping experiences, and educating customers about AI. However, risks include loss of trust from impersonal content or privacy breaches. Generative AI also offers enhanced shopping tools, real-time insights, and improved post-sale experiences, enhancing e-commerce success and customer loyalty.
Gif by superstore on Giphy
5️⃣ UC San Francisco and UC Berkeley researchers developed a brain-computer interface allowing a paralyzed woman to communicate via an avatar. The system translates brain signals into synthesized speech and facial expressions at 80 words per minute. Future aims include wireless functionality. Funded by the National Institutes of Health.
🗞️ INDUSTRY | FUNCTION
In the Financial Services and Banking sector, there's a surge of interest in Generative AI and Large Language Models (LLMs) for efficiency, personalization, and risk management. However, challenges like regulatory compliance, domain specificity, and job displacement arise. Meanwhile, Llama 2, an improved LLM by Meta AI, offers enhanced performance and commercial licensing. Its flexibility has sparked a range of resources and projects, including integration into everyday mobile devices. Open-source models like Llama encourage innovation in Generative AI, with their performance and licensing impacting adoption.
Reference: (Generative AI in Finance: Opportunities & Challenges)
🗞️ WORK
The Impact of Generative AI on the Top collar Jobs and Society
Historical Context:
New technology generations often change our way of life.
Electricity's introduction was revolutionary, moving society from agrarian to industrial.
Generative AI's Promise:
It moves us closer to general artificial intelligence (conscious AI), though full realization remains distant.
Holds the potential to disrupt economic and workplace norms.
Impact on White Collar Jobs:
Generative AI will significantly impact these roles.
Immediate replacement of jobs by AI seems unlikely due to the nuanced nature of many roles.
Specific tasks within roles can be automated, even if the whole job can't be.
High Automation Potential Areas:
Jobs facing regulation have a higher automation likelihood.
Tasks not requiring human-to-human interaction are prime targets:
Examples include tax calculations, drafting legal briefs, and dental x-ray assessments.
Professions like accountants, attorneys, and dentists could see more tasks automated.
Generative AI Future & Job Landscape:
Anticipated societal responses needed:
Governments: Decisions on data usage and new technology regulation.
Employers: Balance between automation and maintaining employment.
Higher Education: Adjust to changing career expectations due to AI.
Primary & Secondary Schools: Preparing students for a potentially different job market and work environment.
Immediate Action Required:
Organizations need to start considering and planning for these transformations.
🗞️ AI TOOLS
⚙️ Aragon: Transform your selfies into AI-generated headshots. Professional photos to make you look your best.
⚙️ BRAND24: AI Social Listening Tool. Protect Your Reputation. Measure Your Brand Awareness. Analyze Competitors. Discover Customer Insights. Get AI-powered access to mentions across social media, news, blogs, videos, forums, podcasts, reviews, and more.
Disclaimer: 1) The tool descriptions are from the company behind each tool/app. 2) Please read the site details thoroughly before using and/or acquiring any of the tools listed above. We have not tested these tools and we will not be liable for anything.
🗞️ CHARTS
Join my community by subscribing to my newsletter below:
🔴 Please reply to the confirmation email sent to you, after submitting your email address to start receiving the newsletter.
My Community
Join my professional communities on LinkedIn
How was today's newsletter? |
I'm not a newsletter expert so you might find my approach a tad different. In my daily dives into the world of AI, I handpick the latest gems, initially to support the AI projects that I’m working on. Realizing that these snippets might resonate with others, I thought, "Why not share this with my community and fellow AI enthusiasts?" I truly want this newsletter to be valuable to you so if there's anything on your mind—praises, critiques, or just a hello—please drop me a note. You can hit reply or shoot me a message directly at my email address: [email protected].
Reply