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- Divided on AI 👀 🤖
Divided on AI 👀 🤖
Lavena Xu-Johnson
August 11, 2023
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Hello there! 👋 Welcome back to AI Creator. Get ready for a dose of exciting AI updates and intriguing reads. Just scroll down to dive in!
⏰ Quick roundup:
US divided on AI: Axios polls show age, education, and trust gaps, with younger, educated individuals more receptive; tech faces trust and political/workplace challenges.
AI political bias exposed: ChatGPT, GPT-4 lean left, LLaMA leans right; study highlights challenges, impact on hate speech; OpenAI, Google, Meta aim to address biases.
Kidgeni: Web app lets kids play with AI, creating images from text prompts, while highlighting challenges like bias and ethics, and raising curiosity about AI's impact on children's education and entertainment.
AI boom recalls dot-com bubble, Nvidia's surge raises sustainability concerns amid tech stock rally.
🚀 Latest developments:
ChatGPT expands its ‘custom instructions’ feature to free users.
Toronto takes on Silicon Valley to become AI startup hub.
Zoom CEO admits mistake as terms-of-service changes raise AI fears.
Jeli is bringing generative AI to incident report analysis.
FEC could limit AI in political ads ahead of 2024.
The next Gboard update could include AI-powered proofreading and more.
Amazon is testing a tool that uses AI to help sellers write descriptions for listings.
CNET is deleting old articles for higher Google ranking, using "content pruning," with parent company Red Ventures planning ongoing efforts.
💬 Longer reads:
Divided on AI 👀🤖
American public opinion on AI is sharply divided, with an Axios analysis of multiple recent polls revealing an even split in favorability. However, this overall balance hides significant disparities along income, age, and racial lines.
Generational and educational divides: While a majority of Americans have not yet experienced AI firsthand, skepticism towards the technology is prevalent. Those under 40 and college-educated individuals are more likely to be aware of and use new AI tools, such as generative AI chatbots.
Trust challenges for tech industry: Despite being one of the least trusting populations when it comes to technology, Americans expect transparency and safeguards in AI use. Tech companies face ongoing challenges in building public trust as they venture into AI markets.
Political and workplace complexities: Political affiliation influences attitudes, as Democrats tend to be more optimistic about AI compared to Republicans. In the workplace, AI-powered surveillance is a divisive issue, with differing opinions based on age and income.
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New study: ChatGPT, GPT-4 skew liberal; Meta's LLaMA is conservative
AI political bias unveiled: A recent study scrutinized 14 major language models, revealing distinct political inclinations. OpenAI's ChatGPT and GPT-4 emerged as the most left-leaning and libertarian, while Meta's LLaMA AI model took a right-leaning and authoritarian stance.
Inherent bias challenge: The AI community acknowledges the pervasive bias problem within models, encompassing issues like racism and sexism. The study, conducted by multiple universities, employed a political compass test to quantify biases and found ChatGPT and GPT-4 as left-leaning, Google's BERT models as moderately conservative, and LLaMA as right-leaning and authoritarian.
Impact and ongoing efforts: AI biases were shown to intensify through data and model interactions. The research indicated that biases influenced AI responses to hate speech and misinformation. While OpenAI, Google, and Meta expressed intentions to mitigate biases and ensure fair AI, challenges remain in rectifying these imbalances in a field dominated by vast datasets and human influences. Elon Musk's perspectives on AI bias also add to the discourse.
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Kidgeni offers kids a sandbox to try out AI
Kidgeni, a novel web app, is paving the way for youngsters to dabble in the exciting realm of AI. Picture this: a 10-year-old types "Show Steph Curry playing the trumpet" and, voila, a playful cartoony image materializes on their iPhone.
Developed by tech enthusiast Matt Lock, provides a secure and enjoyable environment for kids to explore the creative potential of cutting-edge AI programs. With a blend of Stable Diffusion and a partner startup's AI power, Kidgeni crafts images and stories based on simple text prompts, making AI engagement an early and entertaining learning experience. Despite the fun, challenges like bias and ethical concerns lurk, underlining the importance of responsible AI interaction. Kidgeni's emergence not only reveals the power of individual access to AI but also ignites curiosity about the expanding children's AI market and its potential impact on education and entertainment.
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AI mania triggers dot-com bubble flashbacks
Tech stocks surge: AI-driven boom or speculative mania? Nvidia's meteoric rise in 2023, with its shares nearly tripling, has ignited debate about AI's impact on the stock market. This surge, along with gains from tech giants like Meta Platforms and Amazon, raises questions about whether it's driven by genuine demand or speculative frenzy. Investors tread cautiously, mindful of lessons from the dot-com bubble.
Market concentration concerns return amid tech rally: The stock market's landscape is shifting, with the 10 largest S&P 500 stocks now comprising over a third of the market, echoing the concentration of power seen during the dot-com era. Experts emphasize parallels in leadership concentration, prompting fears of a market bubble fueled by the rapid ascent of AI-driven tech stocks.
Nvidia's dazzling trajectory: Nvidia, a linchpin in AI with its semiconductor production, dazzles the market with its exponential growth. However, concerns loom regarding its soaring valuation and whether it can sustain its revenue to match the high expectations set by investors. The upcoming earnings report could be a litmus test for the sustainability of its remarkable rise.
Divergence from dot-com bubble: Distinct from the dot-com era, today's AI-driven rally is fueled by established tech giants with robust financials and data-driven strategies. This contrasts with the late '90s, when speculative IPOs were rampant. While optimism surrounds AI's potential, investors remain wary of overestimating growth and succumbing to euphoria-driven overvaluation.
🧰 Tool discovery:
💸 Funding news:
President Biden's executive order proposes a ban on U.S. venture capital and private equity investments into Chinese tech companies involved in AI, quantum tech, and semiconductors, marking a significant shift in cross-border investment dynamics.
Data visualization startup Virtualitics lands $37m investment.
‘Water intelligence’ startup Wint nabs $35m to help companies find and stop leaks.