JPMorgan Survey Reveals AI Dominates

Google's AI chatbot Bard Suffers Factual Error in Debut Demonstration

In a major development in the world of Artificial Intelligence, Google has unveiled its latest creation, Bard – a chatbot that is set to rival OpenAI's ChatGPT. The announcement was met with excitement as the company promised to make Bard "more widely available to the public in the coming weeks."

However, it was not long before the bot was put to the test, and experts were quick to notice an error in its first demonstration. A GIF shared by Google showed Bard answering the question: "What new discoveries from the James Webb Space Telescope can I tell my 9-year-old about?" The bot responded with three bullet points, one of which stated that the telescope took "the very first pictures of a planet outside of our own solar system."

This statement was met with swift objections from astronomers on Twitter who pointed out that this was not accurate and that the first image of an exoplanet was taken in 2004. Astrophysicist Grant Tremblay took to Twitter to say, "Not to be a well, actually jerk, and I’m sure Bard will be impressive, but for the record: JWST did not take ‘the very first image of a planet outside our solar system.’"

This raises the larger issue of AI chatbots like Bard and ChatGPT often confidently stating incorrect information as fact. The systems are essentially autocomplete systems, trained on vast amounts of text, and analyze patterns to determine the next word in a sentence, making them probabilistic rather than deterministic.

Microsoft and Google's plans to use these chatbots as search engines could compound the problem as the chatbots' answers carry the weight of a supposed all-knowing machine. Microsoft has taken steps to mitigate this issue by placing the responsibility on the user, asking them to "check the facts." Google has stated that they will be kicking off their Trusted Tester program this week to ensure that Bard's responses are of the highest quality, safety, and are grounded in real-world information.

In conclusion, the launch of Bard may have started off on the wrong foot, but the company is taking steps to rectify the situation. As AI technology continues to evolve, it remains to be seen what new innovations and advancements are on the horizon. Read More...

AI Dominates as the Key Technology Shaping the Future of Trading: JPMorgan Survey Reveals

Artificial Intelligence, or A.I., is set to be the defining technology that will shape the future of trading, according to a recent survey by JPMorgan. The report, which gauges sentiment across different asset classes, drew responses from 835 institutional traders in 60 global markets.

More than half of the traders who participated in the survey believe that A.I. and machine learning will be the most impactful technologies to shape the way trading is done in the next three years. The results of the survey showed that A.I. was mentioned four times more often than blockchain and distributed ledger technology.

The findings of the survey are a marked change from previous years, as A.I. and blockchain technology were tied for second place in 2022, with 25% of respondents predicting them to be key emerging technologies. This time around, A.I. outperformed every other major technology category, with 53% of respondents saying that A.I./machine learning will be the most influential in shaping the future of trading.

The crypto ecosystem's struggles in 2022 likely played a role in the survey's results, with 72% of respondents saying they had no plans to trade crypto or digital coins in 2023.

However, the launch of ChatGPT, an A.I. powered bot, has sparked renewed interest in the technology. ChatGPT has rapidly become the fastest-growing consumer application in history, reaching 100 million monthly unique users in just two months after its launch. This surge in interest has been a boon for A.I.-related blockchain projects, such as SingularityNET and Fetch.ai, which have seen impressive gains so far in 2023.

In response to this trend, the TRON ecosystem has established a $100 million Artificial Intelligence Development Fund, which will focus on areas such as A.I. Service Payment Platforms, A.I. Infused Oracles, and A.I. Generated Content. The goal of the fund is to inspire developers to use A.I. in their projects and applications built on the TRON blockchain.

Justin Sun, the founder of Tron, recently announced a framework to integrate A.I. systems like ChatGPT and OpenAI into a blockchain-based payment system. Sun believes that by combining A.I. technology with the security and efficiency of blockchain, A.I. developers will be able to maximize their potential and help build a new decentralized, intelligent financial ecosystem.

In conclusion, the recent survey by JPMorgan underscores the growing belief that A.I. will play a crucial role in shaping the future of trading. As the technology continues to evolve, it will be fascinating to see how it impacts the financial industry and the broader economy in the years to come. Read More...

The Rise of AI Stocks: A Tale of Hype and Caution in the Corporate World

Artificial Intelligence, or AI, is the latest buzzword taking the corporate world by storm. Major players such as Google, Microsoft, and China's Baidu have all made recent announcements in the AI space, fueling a frenzy in the stock market. The frenzy has seen stocks of smaller, unprofitable AI companies soar, with shares of C3.ai more than doubling this year and SoundHound AI's shares experiencing similar growth. Meanwhile, BigBear.ai, which provides AI solutions to government intelligence agencies, has seen its shares surge nearly 700% so far this year.

However, the AI stock mania brings to mind previous speculative crazes in the tech world, such as the crypto-related stock boom and bust of 2021 and 2022, and the dot-com boom and bust of the late 1990s. As Mandy Long, the new CEO of BigBear.ai, notes, "Are people going to be talking about ChatGPT every day for the rest of our lives? Probably not." Investors must be cautious not to get caught up in the hype and instead focus on sustainable growth and a proven track record of success.

While AI is not a passing fad, given the significant investment by major tech companies, smaller AI start-ups may face challenges in the short term. C3.ai, BigBear.ai, and SoundHound are not currently profitable, and none are expected to turn a profit in the next two years. The Federal Reserve's preparations for interest rate hikes to combat inflation will also put pressure on smaller tech companies, and as tech veteran Tom Siebel of C3.ai warns, "the collateral damage, I think, is going to be more significant than people think."

However, the long-term outlook for AI remains optimistic. Just as the dot-com bubble gave rise to successful companies such as Amazon, eBay, and Booking Holdings, there is potential for AI start-ups to emerge stronger in the long term. As Siebel notes, C3.ai will be "bigger, stronger, cash positive, profitable, a clear market leader, and well positioned to benefit from the inevitable equity market surge that will ensue."

In conclusion, while the AI stock mania may resemble previous tech bubble, the future of AI remains bright. Investors must exercise caution in their investments and focus on sustainable growth, while companies must work to build a strong track record of success and stability. Read More...

Anderj Karpathy Joins OpenAI, Igniting Potential Conflict of Interest with Tesla

In the fast-paced and dynamic world of AI, Andrej Karpathy, former head of AI at Tesla, made a significant move. The man known for his expertise in neural nets and computer vision, who helped build Tesla's machine learning and computer vision team, rose through the ranks and became a critical member of Tesla's Autopilot team and its full self-driving system effort. Karpathy was highly respected in the AI community and credited for greatly aiding Tesla's hiring in the field.

In March 2022, Karpathy announced he was taking a four-month sabbatical, causing concern among those familiar with the trend of Tesla executives not returning from their breaks. However, in July, Karpathy confirmed he was leaving Tesla permanently to focus on his technical work in AI, open source, and education.

Now, Karpathy has made a stunning announcement - he is joining OpenAI. This move is particularly noteworthy as OpenAI, the AI company famous for its ChatGPT chatbot, was co-founded by none other than Tesla CEO Elon Musk as a non-profit. In 2018, Musk stepped down from OpenAI's board, citing a potential conflict of interest with Tesla's own AI efforts, and unfollowed Karpathy.

This development, the movement of key AI personnel between Tesla and OpenAI, raises important questions about the potential conflicts of interest between the two companies. The coming months will be a test of how these forces will play out in the AI landscape. Read More..

Uncovering the Truth: A Deep Dive into the Controversial Event of 2023

As I delved deeper into the topic of the future of learning in the age of AI, I came across some intriguing developments that cannot be ignored. The release of OpenAI's chatbot ChatGPT has sparked a revolution in education, with its technology transforming the way students and teachers approach learning.

The power of AI has not gone unnoticed, with some predicting the death of various writing-related fields. But ChatGPT's impact on education is not as simple as some would have you believe. The chatbot has become a double-edged sword, enabling students to cheat on papers and college admissions essays, but also providing teachers with new tools to enhance their curriculums.

However, if used wisely, AI has the potential to greatly benefit students by helping them to think critically and develop soft skills. Despite some skeptics' concerns that students will stop learning basic skills, the intrinsic drive to learn, as outlined by psychologists Edward Deci and Richard Ryan, will ensure that students continue to learn and grow.

One of the first consumer use cases of AI has been in education, and programs like ChatGPT are set to become increasingly important for students, teachers, and administrators. As a result, it is critical that we pay close attention to AI's applications and implications for the future of learning.

My investigation uncovered five key predictions for the future of AI and education: the one-on-one model will go mainstream, individualized learning will become a reality, a new generation of AI-first tools will emerge, content creation will be democratized, and knowledge will become more accessible.

One-on-one support, such as tutoring, coaching, and mentorship, was once only available to the wealthy. But AI is set to democratize these services, making them accessible to a wider audience. AI-augmented solutions in fields such as mental health may also encourage those who are afraid of human judgment to seek help.

Individualized learning will be transformed by AI, with personalized content and curriculum becoming a reality. AI-first tools for teachers and students will also emerge, allowing for more precise tracking of knowledge and progress.

The democratization of content creation will allow anyone to create and share their own learning materials. And knowledge will become more accessible, with AI providing instant answers to any question.

As I continued my inquiry, it became clear that AI is set to play a crucial role in shaping the future of education. The implications of these developments cannot be ignored, and it will be important to carefully consider how we use AI to enhance learning in the years to come. Read More..

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