AI Security in the World of Generative AI: What You Need to Know
Altitude Accelerator
Scaling to new heights. Formerly RIC Centre. Support + Incubator space for Peel Region startups + mature tech companies.
Welcome to the Tech Uncensored Newsletter!
As Generative AI adoption soars, we're seeing the soaring risks that are uniquely the result of these large language models.
According to McKinsey's 2024 Global Survey on AI, overall, AI adoption in enterprise has jumped to 72%, up from 50% in previous years. Most organizations report taking 1-4 months to put generative AI into production. By 2025, it's estimated that 50% of digital work will be automated through apps using language models.
It's important to note that while adoption is growing rapidly, there are still challenges. For insurance companies working with real business data, for example, LLM products show only 22% accuracy, dropping to zero for mid and expert-level requests.
A more recent study from Gartner predicts 30% of Generative AI Projects Will Be Abandoned After Proof of Concept By End of 2025. Rita Sallam, Distinguished VP Analyst at Gartner said, “After last year's hype, executives are impatient to see returns on GenAI investments, yet organizations are struggling to prove and realize value. As the scope of initiatives widen, the financial burden of developing and deploying GenAI models is increasingly felt.”
What does it cost organizations leveraging GenAI to transform their business models? From $5 million to $20 million.
The early debate about the future viability of Generative AI also points to new risks that come with trying to grasp this new form of artificial intelligence and why it should be treated differently than traditional AI/ML.
We welcomed Zhuo Li , formerly Head of Privacy and Data Protection Office of TikTok and now CEO of Hydrox.AI, offering security and compliance for this new generation of AI. I am also pleased to welcome David Danks , Professor of Data Science, Philosophy, & Policy, University of California, San Diego, a member of the National AI Advisory Committee and advisor to HydroX.AI.
Our discussion explored the paradigm shift in AI security to address the unique risks posed by Large Language Models; what is still unknown when it comes to evaluating the outcomes?; what are the new attack vectors that can be created by LLMs?; and finally with the increasing demand for data to make these LLMs become more effective what are the impacts when it comes to access to confidential or personal information, safety and society?
Watch the video!
Investor Readiness 6: Congratulations to Otolabs, Talent Samurai and XRev Studio
Save the Date! Thursday, October 24th
Altitude Accelerator’s Fall 2024 Investor Readiness Program graduated another successful cohort of exceptional founders.??
We congratulate Muhammad Hadi , CEO of Xrev Studio , Eeshaan P. , Founder of Otolabs and Mehdi Rahman, MBA , Cofounder of TALENT SAMURAI ?
The Investor Readiness Program at Altitude Accelerator is designed to prepare high-potential technology startups for their first external funding round, which can often be the most challenging phase in a company’s growth. The program equips founders with the necessary skills and materials to effectively present their business to investors, ensuring they are well-prepared for the fundraising process.?
Over the course of eight weeks, participants receive comprehensive support tailored to their specific needs. This includes guidance in crafting and effectively communicating their value proposition, developing effective financial models that align with investor expectations. Additionally, startups learn about effective strategies on intellectual property protection, establishing that unique moat around their business. A significant focus is placed on refining the pitch through weekly feedback sessions and practice opportunities, allowing founders to hone their presentation skills in front of investors, advisors and their peers.? They receive direct introductions to relevant investors as part of this process.?
Altitude Accelerator’s Investor Readiness Program is designed to significantly enhance a startup’s chances of successfully raising seed funding while making critical introductions in the process.?
We are now accepting applications for our next winter cohort in February 2025. Find out more. Ready to apply? Click here!?
领英推荐
Startup Bootcamp – Powered by Altitude Accelerator & Brampton Entrepreneurial Centre
Join us November 28th, 2024 for an engaging Startup Bootcamp, hosted by Altitude Accelerator in collaboration with Brampton Entrepreneurship Centre. This event is designed to equip early stage companies with essential knowledge and tools to drive their ventures forward. Sessions include:
ICYMI - The Latest in Tech News
CATCH UP ON ALL OUR EPISODES ON TECH UNCENSORED??
Our latest on Spotify: Episode 63 Emily Reid, CEOAI4All: "AI Will Change the World. Who will Change AI?"
Please go to Youtube access all our Tech Uncensored LinkedIn Live Videos.?
Tech Uncensored, our audio podcast, is powered and produced by Altitude Accelerator and hosted on Spotify. You can find us wherever you get your podcasts.?
BLAST FROM THE PAST: STARTUPS TRANSFORMED
We launched Startups Transformed Podcast which explored how Canadian tech startups have climbed their way to success.
#12 – Genecis: A Biotech Company Drives Circular Economy
A typical misconception is “Everyone can be a successful entrepreneur, provided they have a great idea”. When a startup comes into the market with an excellent idea, they must set up the boundary of the company strategically. One choice is to be vertically integrated. Which requires not only R&D team, but also the production line and management team. Another choice is to partner with existing players and license your technology to them. This requires an agile team and heavily focuses on R&D.
When facing difficulties, Genecis gave up the plan to vertical integrate the company.