Managing the Risks of Generative AI
AI stocks won't stop climbing but other investments are halting because of AI
The only newsletter that will give you real world tools and a competitive advantage in a future of human-machine partnerships:
1. Hottest Topic in AI this Week 🔥
Stay up to date on the latest news in AI, so you can use every tool to your advantage
Nvidia Surpasses Amazon and Alphabet in Market Value
With its market value surging over 30% in the last 30 days, Nvidia (NVDA) has overtaken both Amazon (AMZN) and Alphabet (GOOG) in market capitalization. Now ranking as the third-largest publicly traded company in the United States, Nvidia trails behind only Microsoft (MSFT) and Apple (AAPL). Despite this remarkable achievement, investors remain intrigued by Nvidia's rapid ascent, wondering if this type of growth is sustainable for the long term.
Nvidia CEO Jensen Huang's net worth surged by $9.6 billion as a result of the company's stock soaring after reporting robust quarterly results. This significant increase reflects the remarkable growth trajectory of Nvidia and its impact on key stakeholders, including its leadership.
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Nvidia Stock Overtakes Amazon and Google, but Overvaluation Concerns Linger
AI chip firm Nvidia valued at $2tn
2. Business of AI💰
Learn how to provide the most value for your business from AI
Halted Studio Investment Shines Light on AI
US entertainment mogul Tyler Perry has halted an $800 million expansion of his Atlanta studio, citing concerns over the impact of new AI technology. Perry had planned to add 12 sound stages to his complex but has been deterred by OpenAI's video generator, Sora. He expressed shock at Sora's capabilities, fearing widespread job losses in the film industry due to AI advancements. Perry highlighted the potential obsolescence of location shooting and set construction, voicing particular concern for actors, editors, and other industry professionals.
His decision underscores the broader implications of AI's power, potentially disrupting investments and practices across various sectors.
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Tyler Perry halts £630m film studio build over AI fears
AI’s future for media and tech companies
3. Leveraging Generative AI 🔨
Generative AI tools can advance you and your business
Microsoft Introduces PyRIT for Evaluating Risks in Generative AI Systems
Microsoft has unveiled PyRIT (Python Risk Identification Tool), an open-access automation framework designed to identify risks associated with generative artificial intelligence (AI) systems. Developed by Microsoft's AI Red Team, PyRIT aims to empower organizations worldwide to innovate responsibly with the latest advancements in AI technology. The tool assesses the robustness of large language model (LLM) endpoints across various categories of potential harm, including fabrication, misuse, prohibited content, security, and privacy risks.
Featuring five interfaces and a sophisticated scoring engine, PyRIT provides options for evaluating AI models and inference pipelines while emphasizing its role as a complement to manual red teaming efforts. Microsoft's release of PyRIT underscores its commitment to addressing potential risks in generative AI systems and promoting responsible AI practices amid increasing concerns about security and ethical implications.
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Microsoft releases its internal generative AI red teaming tool to the public
4. Trust and Ethics of AI 😎
Long-term success is dependent on using AI ethically
Google Halts Gemini's Image Generation
Google has temporarily suspended the image generation feature of its artificial intelligence tool Gemini following criticism for producing historically inaccurate images predominantly depicting people of color instead of white individuals. This misstep underscores the ongoing challenge AI tools face in navigating issues of race. While Google's Gemini, like other AI counterparts, draws from extensive online data, it has struggled to avoid perpetuating racial and gender biases inherent in its training data.
Responding to public outcry, Google announced plans to address the issues and improve the tool's accuracy before reinstating its image generation capabilities. This setback comes as Google vies to compete with rivals like OpenAI and Microsoft in the rapidly evolving generative AI landscape.
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Google halts AI tool's ability to produce images of people after backlash over struggles with race
5. This Week in Stories in AI
Stories in AI sits down with insiders to provide you with exclusive insight of the industry
Peter Voss, the founder and CEO of Aigo.io, talks about why the world actually NEEDS AGI, and why people shouldn't fear it as much as they do. He argues that the problem solving capabilities will be unlimited once we achieve AGI.