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- The demand for AI skills is surging
☕️ Greetings. It's Thursday, August 17th. Let’s step into the future with our daily AI briefing, your window into the world of artificial intelligence.
🗞️ Today’s Highlights:
LATEST NEWS & TRENDS — Generated AI is projected to reach transformational benefit within two to five years.
INDUSTRY | FUNCTION — AI is revolutionizing property management, optimizing tasks like lead nurturing and predictive maintenance.
RESOURCES — Five years of GPT progress.
WORK — More workers now claim AI skills on resumes as demand heats up.
AI TOOLS — Parsio: Automate your data extraction with an AI-powered document parser.
JUST FOR FUN — Musk vs Zucc - The Battle for Planet Mountain Dew.
🤖 The demand for AI skills is surging, with many workers upskilling to meet employer needs. Over 50% of IBM-surveyed executives believe 40% of their staff needs AI-related retraining. Read the rest in the “WORK” section below.
🤖 The tech giants AWS, Microsoft, and Google are vying for generative AI market dominance. AWS's Amazon Bedrock stands out by allowing businesses to build AI applications using models from both Amazon and other top AI firms like Anthropic. In contrast, Google and Microsoft seem to be emphasizing their in-house models, potentially limiting their scope. Innovative Solutions, an AWS partner, recently launched Tailwinds, an AI tool built on AWS Bedrock, signaling their belief in AWS's strategic advantage in the generative AI space.
🤖 2023 Emerging AI and Machhine Learning Trends. Source: DataScienceDojo
🗞️ LATEST NEWS & TRENDS
1️⃣ Generative AI has been highlighted on Gartner’s 2023 Hype Cycle for Emerging Technologies, with expectations of transformative impacts in the next 2-5 years. Currently at the "Peak of Inflated Expectations," generative AI will significantly influence content creation, regulations, automation, and user experiences. Gartner also spotlighted six other emergent AI techniques: AI simulation, causal AI, federated machine learning, graph data science, neuro-symbolic AI, and reinforcement learning. Other key tech trends include enhancing the Developer Experience (DevX), the evolution of pervasive cloud computing, and a focus on human-centric security and privacy. Tech leaders are urged to monitor these early-stage technologies for potential benefits and risks.
2️⃣ The Associated Press (AP) has introduced new standards for journalists regarding AI usage. These guidelines stress that while AI can assist in tasks like transcriptions, it should not replace core journalistic duties. Any content generated by AI tools, like ChatGPT, should undergo stringent verification before publishing. The AP Stylebook has been updated to caution against giving AI human attributes and emphasizes accurate AI-related terminology.
Reference: (“Not a replacement of journalists in any way”: AP clarifies standards around generative AI)
3️⃣ Artificial intelligence (AI) promises significant advancements for the construction sector, but adoption is slow. While 92% of construction companies are interested in AI, only 65% have seen success. A major challenge is the industry's non-data-driven culture and data silos. AI's potential applications include automated building code reviews and enhanced site safety. Industry transformation hinges on the changing attitude toward technology.
4️⃣ Trust in AI's decision-making is a significant concern in the financial sector, with only 5% of KPMG clients adopting the technology due to transparency and understanding issues. These challenges include AI's "black box" perception, potential biases, model drift, and a lack of clear explainability. Additionally, many businesses are unprepared with the right data infrastructure. Tools like IBM Watson OpenScale™ are emerging to help mitigate biases, but to fully harness AI's potential, comprehensive understanding and trust-building across organizations are imperative.
Reference: (How trusted AI helps you gain competitive advantage: A Forrester Research leadership conversation with KPMG)
5️⃣ Snapchat's AI chatbot glitch posted a live update and stopped responding, unsettling users. The AI, powered by ChatGPT, usually converses and offers advice. The incident raised concerns about AI risks and challenges in integrating new tech. Snapchat's customization features aim for less transactional interactions, but glitches underscore potential pitfalls.
🗞️ INDUSTRY | FUNCTION
AI is revolutionizing property management, optimizing tasks like lead nurturing and predictive maintenance. By streamlining operations, managers can focus more on building stronger community relationships. Residents benefit from enhanced living experiences through AI-driven smart home systems. However, careful implementation is essential to avoid potential pitfalls, such as depersonalization. Overall, with the right balance, AI promises substantial improvements in the sector.
Reference: (How AI Fits Into Property Management’s Future)
🗞️ RESOURCES
This article reviews five years of GPT progress, focusing on key models like GPT, GPT-2, GPT-3, and others. It discusses architectural changes, dataset sizes, training techniques, and optimization strategies employed in each model. The Chinchilla paper's scaling laws for optimal model size and data size are highlighted. The article concludes by noting GPT-4's limited details due to competitive and safety concerns.
Reference: (Five years of GPT progress)
🗞️ WORK
The demand for AI skills is surging, with many workers upskilling to meet employer needs. Over 50% of IBM-surveyed executives believe 40% of their staff needs AI-related retraining. LinkedIn data reveals a significant increase in members reporting AI skills, especially in countries like Singapore. However, alongside AI, the importance of soft skills like adaptability and ethics is growing. Experts emphasize that skilled workers, not just advanced tech, are essential for successful AI adoption.
🗞️ AI TOOLS
🔧 Parsio: Automate your data extraction with an AI-powered document parser. Extract structured data from your PDFs, emails, and other documents, automatically.
🔧 Ayanza is a better way to manage teams. Experience integrated notes, chats, wiki, projects, and AI for unrivaled team productivity and winning culture.
🔧 WriteSonic: Best AI writer for creating blog articles.
🔧 Designs AI: Create logos, videos, banners, and mockups with AI in 2 minutes.
🔧 Mixo: Launch your website in seconds with AI. Have an idea for a startup, product, or service? Our AI-powered builder helps entrepreneurs quickly launch and validate their business ideas.
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.
🗞️ JUST FOR FUN
👀 Musk vs Zucc - The Battle for Planet Mountain Dew
Source/credit: Dankchungus
Disclaimer: The audio-visual content is courtesy of the source provided above.
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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].
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