AI NEWS YOU MISSED ?#36 INSEAD AI

Top 5 stories of the week

1?? OpenAI’s Next-Gen AI, Project Orion

1. OpenAI’s new model, referred to as Project Orion or GPT-5 Strawberry, is reportedly completed and has been shown to federal government officials.
2. The model focuses on improving complex reasoning, math problem-solving, and reducing AI hallucinations through advanced techniques like multi-step reasoning.
3. Strawberry, a key component of this model, emphasizes slower, more deliberate thinking, making it better suited for complex tasks but potentially slower in real-time applications.
4. OpenAI is using Strawberry to generate high-quality training data for Orion, addressing the scarcity of fresh data available on the internet.
5. The model is expected to push the boundaries of AI capabilities, with OpenAI aiming to stay ahead in the competitive AI landscape as open-source alternatives rapidly advance.

2?? Nvidia & Apple Eye Investment in OpenAI

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Nvidia and Apple are reportedly in talks to join Thrive Capital in a new funding round for OpenAI, valuing the AI startup at over $100 billion, with Microsoft also expected to participate.

3?? Google Introduces Three Gemini 1.5 Models

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Summary:?Google introduces three new experimental models — Gemini 1.5 Flash-8B, Gemini 1.5 Pro, and an improved Gemini 1.5 Flash — enhancing coding performance and handling complex prompts, now available on Google AI Studio and other platforms.

4?? Nvidia beat expectations, investors unimpressed

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Nvidia beat earnings expectations with strong sales and profits, but investors were unimpressed, leading to a dip in share prices despite the company’s market value surpassing $3 trillion.

5? California passes sweeping AI safety bill

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The California legislature has passed SB 1047, potentially the world’s most impactful AI legislation, requiring large companies to implement safeguards before training advanced AI models, now awaiting Governor Newsom’s decision as opponents urge a veto.

Two opposite takes:

Passage of California AI Bill Sends Shivers Across Tech Industry

Big Tech Is Very Afraid of a Very Modest AI Safety Bill

Upcoming live events — INSEADer-led

AI & Automation in Marketing & Consumption: Insights from Leading Academics

Join September 3rd for a webinar featuring top researchers discussing how AI and automation are transforming marketing and consumer behavior, hosted by INSEAD and Wharton experts.

RSVP HERE:

Global INSEAD Day 2024 — GenAI with Sameer Hasija

Join Sameer Hasija in a session exploring how GenAI’s nuanced impact on work, business, and industries can be understood through evidence-based research and a developing framework, offering valuable guidelines for business leaders.

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Taming Silicon Valley: An Exclusive Interview with AI Pioneer Gary Marcus

Uncover the hidden truths of AI’s impact on society with Gary Marcus — this conversation will change the way you think about the future.

RSVP HERE:

More AI stories of the week

Suggested by INSEAD-ers. From the 1,500+ person global INSEAD AI private business leader community, regularly sharing AI-related articles, vids, etc, of interest. (alum-led)

OpenAI still in the lead (by website visits)

Ask Claude: Amazon turns to Anthropic’s AI for Alexa revamp

According to Reuters, Amazon’s upcoming Alexa revamp, set to launch in October, will utilize Anthropic’s Claude AI instead of Amazon’s own AI due to performance issues, with plans to charge users $5 to $10 per month for the enhanced version.

The Top 100 Gen AI Consumer Apps — 3rd Edition — a16z

The latest Top 100 Gen AI Consumer Apps report highlights the dominance of creative tools, the rise of new entrants in various categories, the growing competition to ChatGPT, Bytedance’s push into generative AI, the emergence of aesthetics and dating apps, and the significant role of Discord in driving growth for many AI products.

AI Books recommendations from McKinsey

Six insightful AI books, such as “AI Needs You” by Verity Harding and “The Singularity Is Nearer” by Ray Kurzweil, offering essential perspectives on the future of AI and its societal impact.

Top Benefits from Gen AI — New Insights??

Generative AI is transforming industries by significantly improving efficiency, driving innovation, enhancing products and services, and strengthening customer relationships.

Bland is a customizable phone calling agent that sounds just like a human

WORTH WATCHING: Watch this to see what’s next. Bland, the human-sounding phone agent, can talk in any language, handle millions of calls 24/7, and never hallucinates — get ready for what’s coming!

L’Ore?al: Launching Gen AI as a Service in 3 months with Cloud Run and LangChain

L’Oréal has launched “GenAI as a Service,” a set of secure, scalable APIs built using Google Cloud Run and LangChain, enabling developers across the company to easily leverage generative AI for various applications, including L’Oréal GPT, while ensuring data security and regulatory compliance.

Cursor AI Revolutionizes Coding with Game-Changing Features and Real-Time AI Voice

WATCH AT THE LINK: Cursor AI’s latest update transforms the coding experience with real-time AI voice interaction, advanced search, and seamless integration for login, database, and image uploads — making it a must-have tool for developers aiming to accelerate and simplify their workflow.

Claude Launches Mobile-Responsive Artifacts

Claude’s new mobile-responsive Artifacts feature allows users to quickly generate tools like calendars and AI quizzes directly from their mobile devices, completing tasks in under 2 minutes for a seamless experience on the go.

Anthropic overview of Artifacts (WATCH)

Introducing an AI Governance Framework for Nonprofits

Afua Bruce developed an AI Governance Framework for Nonprofits, offering a clear roadmap with training videos, templates, and materials to guide AI adoption for social impact, sponsored by Microsoft.

AI X AI = ABSOLUTE INSANITY ??

AI advocates fighting against regulation, like Mark Zuckerberg’s ally Marc Andreessen, are pushing for absolute immunity and no oversight on powerful AI models.

Why musicians are smart to embrace AI

Musicians are wise to embrace AI, as it offers inspiration and new creative possibilities without threatening the irreplaceable magic of human artistry.

Guidance for Live Meeting Assistant on AWS

The Live Meeting Assistant on AWS uses generative AI to provide automated meeting transcriptions, translations in up to 75 languages, and AI-driven action item tracking, enhancing the value and accessibility of virtual meetings.

It looks like cat food’: The grey goop dreamed up by artificial intelligence

While AI-generated recipes can be creative, they often fall short in taste and presentation, highlighting the irreplaceable value of human chefs’ cultural, emotional, and sensory experiences in cooking.

Largest Sovereign Fund Urges AI Governance for Boards

Norway’s $1.7 trillion sovereign wealth fund urges company boards to implement AI governance frameworks to drive responsible innovation and mitigate risks in the rapidly evolving AI landscape.

AI’s Real Progress: Cheaper and More Accessible Models

AI innovation isn’t just about bigger models; it’s about making models smaller, cheaper, and equally powerful, which allows more people to use, learn, and build with AI, unlocking greater potential and real progress.

Generative AI investments skyrocketing ??

Generative AI investments are soaring, with large companies leading the way, investing heavily to drive revenue, innovation, and cross-functional productivity.

Artificial Intelligence (AI) Market by Offering (Discriminative AI, Generative AI, Hardware, Services), Technology (ML, NLP, Context-aware AI, Computer Vision), Business Function (Marketing & Sales, HR), Vertical and Region — Global Forecast to 2030

The global AI market is projected to grow rapidly from USD 214.6 billion in 2024 to USD 1,339.1 billion by 2030, driven by advancements in AI technologies, particularly in generative and context-aware AI, with significant investments and adoption across industries like healthcare, marketing, and smart cities, despite challenges related to costs and biases

Rethinking Text Embedding: Jina AI’s “Late Chunking” Solution

Jina AI introduces “Late Chunking,” a new method that applies long-context embedding models to entire texts before chunking, preserving important contextual information and outperforming conventional chunking approaches on tasks with long-range dependencies.

Leave No Context Behind: Efficient Infinite Context Transformers with Infini-attention

This work introduces Infini-attention, a new method that allows Transformer-based Large Language Models to efficiently handle infinitely long inputs with bounded memory and computation, significantly improving performance on long-context tasks like book summarization and context retrieval

Public Sector Week in Review (8/31/24) (US-centric) for US Federal Innovator Chris Kraft

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AI Videos of the Week

Anthropic CEO Dario Amodei on AI’s Moat, Risk, and SB 1047

1. AI Moat and Scaling Hypothesis:?Dario Amodei discusses the scaling hypothesis, where the success of AI models depends on their size and capabilities. He suggests that if scaling continues, only a few large entities will dominate AI development, leading to an oligopolistic market structure rather than full commoditization.
2. Economic Impact of AI:?The conversation explores the economic moat of AI companies like Anthropic, considering whether AI can be a profitable industry or if it might follow the path of commoditized industries like solar energy, where innovation doesn’t necessarily translate to profit.
3. National Security and AI:?Amodei highlights the potential of AI to become a crucial national defense asset, with concerns about the U.S.-China AI arms race. He suggests that AI models could significantly shift global power dynamics and emphasizes the importance of maintaining a competitive edge.
4. AI Safety Concerns:?The discussion touches on AI safety, including the risks of autonomous behavior and the misuse of AI systems. Amodei emphasizes the need for responsible scaling and the importance of understanding AI’s internal workings to mitigate potential dangers.
5. SB 1047 Stance:?Amodei shares Anthropic’s cautious support for California’s SB 1047, a bill related to AI regulation. Initially concerned about the bill’s heavy-handed approach, Anthropic’s position shifted positively after amendments, supporting a balance between innovation and safety.

The economic potential of generative AI: The next productivity frontier

1. Significant Economic Impact: Generative AI could contribute as much as $4.4 trillion annually to the global economy across 63 studied use cases, with potential benefits spanning multiple industries.
2. Enhanced Productivity Across Sectors: Generative AI has the capability to improve productivity in various sectors, particularly in marketing and sales, software engineering, customer operations, and R&D, by automating and enhancing tasks previously done manually.
3. Focus on Knowledge Workers: Unlike previous technological waves that impacted lower-wage workers, generative AI is expected to have a profound impact on knowledge workers, automating up to 50% of their activities and potentially transforming the nature of their work.
4. Industry-Specific Opportunities: Retail, banking, and life sciences are identified as industries with the most significant potential for productivity gains from generative AI, benefiting from innovations like hyper-personalization and advanced data analysis.
5. Urgency for Adoption: Business leaders are encouraged to start adopting generative AI immediately to stay competitive, with an emphasis on learning and integrating the technology into existing business priorities.

For a broad selection of AI videos,?check out the INSEAD AI YouTube Channel ?(regularly updated)

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