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Tech giants like Google, Microsoft, Meta are pouring more and more money into AI while the Bank of England says ‘AI won’t take our jobs’. Things are getting more serious than ever. Let’s dive into it…
In today’s menu:
Quick Stats: Generative AI usage in current job
AI Tool of the Day: Gamma
Bank of England: AI won't take our jobs
Mark Zuckerberg to become AI God King
AI course: IBM - AI for Everyone
AI Image of the Day: A Funeral of the Future
3 Trending Short Takes
Read time: 5 minutes!
QUICK STATS
Generative AI usage in current job
(% of employees, by country)
Source: Oliver Wyman Forum Generative AI Survey
AI TOOL OF THE DAY
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LATEST NEWS
Bank of England: AI won't take our jobs
The Bank of England's governor, Andrew Bailey, told the BBC that Artificial Intelligence (AI) won't massively destroy jobs, as humans will learn to work alongside new technologies.
Governor Andrew Bailey said while there are risks with AI, "there is great potential with it". He believes economies and jobs adapt, and combining human and machine efforts yields better results.
He commented as businesses reported AI helping manage recruitment and labor costs, and as the House of Lords committee encouraged focusing on AI's positive aspects rather than just its risks.
Zuckerberg to become AI God King
Mark Zuckerberg's Meta has seen a significant financial boost, with profits soaring to $14 billion, and now focusing on virtual reality and AI, aiming to be a leader in these areas.
Zuckerberg, in an earnings call, mentioned Meta's strong position in AI, competing with major players like OpenAI, Microsoft, and Google.
He emphasized that Meta has a unique advantage with access to vast amounts of data from billions of users on Facebook and Instagram. This includes countless public photos, videos, and text posts, which surpasses the data volume of Common Crawl, a large web-scraped dataset.
Zuckerberg highlighted this user-generated content as a crucial resource for Meta's AI development.
AI COURSE OF THE DAY
IBM - AI for Everyone: Master the Basics
Learn what Artificial Intelligence (AI) is by understanding its applications and key concepts.
Topics covered:
Deep learning
Neural networks
Machine learning
Join the course for free here.
AI IMAGE OF THE DAY
A Funeral of the Future powered by Apple Vision Pro
Credit: eth0izzle on Reddit
SHORT TAKES
Google plans to launch "Gemini Advanced" a competitor to ChatGPT Plus, possibly on February 7th. It was previously known as "Bard Advanced." The chatbot, powered by the Ultra 1.0 model, aims to excel in coding, logical reasoning, and creative collaboration. Read more…
One person billion-dollar company - During a fireside chat at the 2023 Robin Hood Investors Conference, Sam Altman, the CEO of OpenAI, made a bold prediction. He stated that in the near future, thanks to AI, there will be a 'one person, billion-dollar company.' Watch the clip…
Donald Trump warns about the dangers of AI, particularly in manipulating finances and media, especially in elections. He mentioned a fake robocall imitating Biden and unauthorized use of his own image as examples of AI deception. Trump, considering the 2024 Republican nomination, discussed several topics with Bartiromo, including the economy. Read more…
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