AI NEWS & TRENDS
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Generative AI Could Add Up to $4.4 Trillion Annually to Global Economy |
The latest report from McKinsey on the economic potential impact of generative AI points to what may be the next productivity frontier. The report studied 16 business functions, examining 63 use cases in which the technology can address specific business challenges in ways that produce one or more measurable outcomes. McKinsey's latest research estimates that generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually across the 63 use cases analyzed - by comparison, the United Kingdom's entire GDP in 2021 was $3.1 trillion. This would increase the impact of all AI by 15% to 40%. About 75% of the value that generative AI use cases could deliver falls across four areas: Customer operations, marketing and sales, software engineering, and R&D. Banking, high tech, and life sciences are among the industries that could see the biggest impact as a percentage of their revenues from generative AI. (https://www.zdnet.com/article/generative-ai-could-add-up-to-4-4-trillion-annually-to-global-economy/)
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Microsoft Launches Free AI Training as Enterprises Grapple with Skills Shortage |
Microsoft recently launched a new AI training initiative aimed at expanding access to AI skills through free coursework. Developed in partnership with Microsoft-owned LinkedIn, the coursework will be offered through LinkedIn's training platform. The coursework will cover introductory concepts of AI and responsible AI frameworks. Following completion of the course, participants will receive a Career Essentials certificate. For those interested in teaching courses, a trainer toolkit, including an AI course built for educators, will be available at a later date. The guide is aimed at educators in schools as well as trainers within organizations, a spokesperson said. (https://www.ciodive.com/news/Microsoft-AI-skills-upskilling-certification-generative/654212/)
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7 Advanced ChatGPT Prompt-Writing Tips You Need to Know |
In a recent article, ZDNet looks at more advanced AI prompting techniques, offering seven very interesting approaches that will give you a much better handle on how to communicate with ChatGPT and other generative AI tools. In summary, they involve: Specify output format; Tell it to format in HTML; Iterate with multiple attempts; Don't be afraid to use long prompts or sets of prompts; Provide explicit constraints to a response; Tell it number of words, sentences, characters; and Give the AI the opportunity to evaluate its answers. (https://www.zdnet.com/article/7-advanced-chatgpt-prompt-writing-tips-you-need-to-know/)
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AWS Pledges $100M to Launch Generative AI Innovation Center |
Amazon Web Services, Inc. recently announced the AWS Generative AI Innovation Center, a new program to help customers successfully build and deploy generative artificial intelligence solutions. AWS is investing $100 million in the program, which will connect AWS AI and machine learning experts with customers around the globe to help them envision, design, and launch new generative AI products, services, and processes. The AWS Generative AI Innovation Center team of strategists, data scientists, engineers, and solutions architects will work step-by-step with customers to build bespoke solutions that harness the power of generative AI. Through no cost workshops, engagements, and training, AWS will help customers imagine and scope the use cases that will create the greatest value for their businesses, based on best practices and industry expertise. (https://press.aboutamazon.com/2023/6/aws-announces-generative-ai-innovation-center)
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Congress Wants to Regulate AI; Big Tech is Eager to Help |
Members of Congress want to regulate artificial intelligence, and Big Tech is watching - and lobbying. Senate Majority Leader Charles E. Schumer (D-N.Y.) launched a major push on AI regulation late last month, promising his colleagues hearings and a series of "AI insight forums" that will bring top AI experts to Washington and eventually lead to the creation of draft legislation. Over the next several months, members of Congress - only a few of whom have any technical expertise - will have to choose whether to embrace a strict regulatory framework for AI or a system that defers more to tech interests. Democratic and Republican lawmakers will have to grapple with the daunting task of learning about rapidly developing technology, and with the fact that even experts disagree about what AI regulations should look like.
Technology interests, especially OpenAI, have gone on the offensive in Washington, arguing for regulations that will prevent the technology from posing an existential threat to humanity. They've engaged in a lobbying spree: According to an analysis by OpenSecrets, which tracks money in politics, 123 companies, universities and trade associations spent a collective $94 million lobbying the federal government on issues including AI in the first quarter of 2023. (https://www.latimes.com/politics/story/2023-07-05/ai-congress-regulation-lobbying?utm_id=103770&sfmc_id=486066)
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FTC's Biggest AI Enforcement Tool: Forcing Companies to Delete Their Algorithms |
While lawmakers in Congress and policymakers around the world debate how they should establish guardrails for a rapidly expanding artificial intelligence industry, the FTC already has a powerful enforcement tool in place: algorithm disgorgement. Also referred to as model deletion, the enforcement strategy requires companies to delete products built on data they shouldn't have used in the first place. For instance, if the commission finds that a company trained a large language model on improperly obtained data, then it will have to delete all the information along with the products developed from the ill-gotten data. So far, the FTC has used this tool in five cases against tech companies dating back to 2019. (https://cyberscoop.com/ftc-algorithm-disgorgement-ai-regulation/)
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Generative AI & No-Code Development May Be Converging, But Producing Code with AI Is Not for Novices |
Are generative AI and no-code development becoming synonymous? Both provide ways to quickly generate code specifying certain routines. But there are distinct differences as well - namely, generative AI assists professional developers, while no and low-code is more targeted at non-developers. Non-developers likely won't be ready to fuss with AI-generated code any time soon, according to a recent article: https://www.zdnet.com/article/generative-ai-or-no-code-development-converging-but-with-caveats/
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WORKFORCE NEWS
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Google Backs $20M Effort to Train Students for Key Cybersecurity Jobs |
Google is committing $20 million to help train thousands of students in the information security field in collaboration with the Consortium of Cybersecurity Clinics. The funding will be used to develop clinics at 20 higher education centers across the U.S. The clinics will help train students from diverse backgrounds in cybersecurity with the intent that they, in turn, can provide security to under-resourced organizations in local communities. Starting in October, Google will begin to accept applications from higher education centers looking to establish local clinics. (https://www.ciodive.com/news/google-20m-students-cybersecurity-jobs/653941/)
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The Big Stay: Why Workers Are Opting to Stay Put Rather than Quit |
Labor experienced a once-in-a-lifetime shakeup during the COVID 19 pandemic. Not only did people find different ways to work through work-from-home and hybrid arrangements, but they found new work, too, with so many people quitting jobs that "The Great Resignation" and "The Big Quit" became part of popular lexicon. Between June 2021 and December 2022, more than 4 million Americans quit their jobs each month, according to U.S. Bureau of Labor Statistics (BLS). But the workers jumping ship seems to have abated. In March 2023, the quit rate was 2.5%, down from 2.9% the year before, according to the BLS. Monthly job postings are down too, according to the ADP Research Institute. There were 9.6 million job openings posted in March of this year, which is still high, but openings have gone down about 20% from more than 12 million in March 2022. (https://www.hrdive.com/news/workers-no-longer-jumping-ship/653904/)
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MORE NEWS & TRENDS
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Companies Look to Pay Tech Vendors Based on Business Outcomes, Not Usage |
A growing number of technology providers are pricing their products and services based on a promised outcome rather than charging customers set subscription fees or on a per-user basis. While still far from the norm, the uptick in such pricing models has put pressure vendors to offer more flexible pricing options to attract and retain increasingly budget-conscious customers, analysts say. Outcome-based pricing models charge customers some percent of reaching a business goal like increased revenue or cost savings. Value-based models, which can overlap with outcome-based models, are also becoming more widely adopted as alternate pricing systems. They include things like growth in registered customers or the amount of data for artificial intelligence. (https://www.wsj.com/articles/companies-look-to-pay-tech-vendors-based-on-business-outcomes-not-usage-4c0bd5cb)
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California Bill Requiring Big Tech to Pay for News Placed On Hold Until 2024 |
A California bill that would force tech companies such as Facebook and Google to pay publishers for news content has been put on hold in the Legislature until 2024. The California Journalism Competition and Preservation Act, sponsored by Assemblymember Buffy Wicks (D-Oakland), would direct digital advertising giants to pay news outlets a "journalism usage fee" when they sell advertising alongside news content. The bill would require publishers to invest 70% of those funds in preserving journalism jobs in California. The bill passed in the Assembly with bipartisan support June 1 and moved on to the state Senate. A hearing was initially scheduled for July 11, but Wicks' office announced Friday that it would be rescheduled for 2024, picking back up at the same point in the legislative process. The bill has received strong support from news advocacy groups, but vehemently opposed by various tech industry trade groups. Facebook parent company Meta has gone as far as to threaten to remove all news content from Facebook and Instagram if the bill passes. (https://www.latimes.com/business/story/2023-07-07/california-journalism-bill-on-hold-until-2024?utm_id=104415&sfmc_id=486066)
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AirPods as Hearing Aids? Apple Says Yes |
Bloomberg's Mark Gurman reports Apple is working on new health features for its line of audio products. The first of those would allow your AirPods to conduct a hearing test. Gurman also writes Apple is exploring how to position and market the AirPods Pro as a hearing aid after the FDA made it easier for Americans to buy over-the-counter options last year. He reports the company recently hired engineers with experience working on traditional hearing aids as part of that initiative. The other new AirPods feature Apple is working on is a way for the earbuds to measure your body temperature. (https://www.engadget.com/apples-next-airpods-pro-could-feature-a-built-in-temperature-sensor-162531033.html)
MEANWHILE, an app called FeverPhone is the first ever to transform a smartphone into a personal thermometer without adding new hardware to the device, according to its developers from the University of Washington. The app uses the phone's touchscreen and repurposes existing battery heat sensors to gather data and estimate a person's core body temperature, researchers report. FeverPhone needs more training data to be widely used, but the technology holds great potential for helping people track their health, the researchers said. (https://consumer.healthday.com/medical-technology-2661702472.html)
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Two Lines on One Smartphone? Yes & Here's How You Do It |
Dual-SIM smartphones, which enable two separate cell services on one device, have been popular overseas for years. They're now gaining traction in the U.S. because of phones such as the iPhone 14. Instead of putting another physical carrier-issued SIM card in your device, you activate a virtual "embedded" SIM - an eSIM - using software. For now, the main reason Americans seek out additional eSIMs is for cheap internet access when traveling internationally. With these plans, you get prepaid data that helps you avoid your U.S. carrier's roaming fees. You usually don't get a local number. There are other reasons to add a secondary plan via an eSIM. Having two lines means you can carry just one phone for both personal and work calls. If your own plan hits its data cap, you can shop around for inexpensive data to carry you to the end of the month. And if you regularly visit areas with poor cell coverage, you can add another carrier that might have more towers. In this article, The Wall Street Journal provides some tips if you're debating getting another line. (https://www.wsj.com/articles/your-smartphone-can-have-two-lines-heres-why-youd-want-that-e811c035)
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