AI - a game changer that society and industry need to be ready for; The Future of Generative AI; How to Build Trust in AI Systems in 2023

Welcome to this week’s issue of the Hackmakers Newsletter! We’ve got some exciting innovations in Web3 and technology to share with you.

Coming up in this Newsletter…

1. Here's why ChatGPT is just the start of the generative AI boom
2. What AI advances will we see in 2023?
3. How to trust systems with AI inside

Here's why ChatGPT is just the start of the generative AI boom

"We're at an exciting inflection point for AI — we're just at the tip of the iceberg for the many vertical use cases for large language models beyond the creative industries to spaces like biology, manufacturing, and healthcare. "We'll likely get to the point where AI will be seamlessly integrated into daily workflows."

The beauty of recent generative AI models is that they are available for other companies. OpenAI, the operator of ChatGPT and DALL-E, works with Jasper, Copy.ai, and mental health startup Koko, among others.

What AI advances will we see in 2023?

In 2023, we can expect several industries, beyond tech itself, to further embrace the technology. In some sectors, like care of the elderly and healthcare, we will likely see many positive advancements. This includes enhancing care through tasks like reading x-rays and improving administration systems which will lower costs and ensure regular treatments, among other benefits. We can also expect to see AI developments in manufacturing, pharmaceuticals, mobility and in verticals such as human resources.

How to trust systems with AI inside

Recent advances in Generative AI, like ChatGPT, show almost human-like creativity, which increases the potential impact it has on stakeholders. In such a landscape, conventional quality assurance and testing regimes are not sufficient.

To ensure safe and trustworthy use of AI, several aspects need to be in place:

• Relevant regulations and appropriate requirements on the AI;
• Understanding systems with AI inside;
• Appropriate assurance.

Why we need to care about responsible AI in the age of the algorithm

Artificial intelligence (AI) is one of the world's most discussed technology trends and is forecast to increase? global GDP by $15.7 trillion by 2030.

But with great power comes great responsibility. As the transformative benefits of AI become apparent, so too do the risks. Algorithms can introduce bias , preventable errors and poor decision-making, causing mistrust amongst the people it intends to assist. Out of concern for the unprecedented pace of AI development, many organizations have begun to commit to principles of responsible AI.

We hope you found our newsletter informative and useful in keeping up-to-date with the latest technology trends.

Remember to follow us for more newsletters every fortnight, where we will delve deeper into topics such as artificial intelligence and other emerging technologies.

Stay tuned for more valuable insights and exciting updates!