AI Weekly Update 21/8/2023 ????

1. Chat GPT's Financial Strain:??

OpenAI's Chat GPT is reportedly burning through a staggering $700,000 daily. This comes as a surprise, especially considering the substantial backing of Microsoft with its $10 billion investment. Since its peak user engagement in May, there's been a noticeable decline in the number of active users. The summer months, typically marked by school vacations, might be a factor in this decline. However, with the academic year resuming, there's hope for a resurgence in user activity. If OpenAI doesn't pivot to a more sustainable model and if Microsoft reconsiders its financial support, OpenAI could potentially face bankruptcy by 2024.

2. Amazon's Generative AI for Reviews ??

Amazon is at the forefront of enhancing the online shopping experience. By leveraging generative AI, Amazon aims to provide concise, AI-curated summaries of overall product reviews. This not only gives potential buyers a snapshot of the product's reception but also offers insights into specific attributes like 'performance' or 'durability'. This AI-driven approach is set to revolutionize the way customers interact with product reviews.

3. Google's Generative Search Experience ??

Google, always a pioneer in search technology, has integrated generative AI into its search functionality. Now, users can hover over specific words in search results and receive instant definitions, making information consumption even more seamless. Additionally, a feature that allows users to generate quick summaries of articles is set to change the way we interact with content, especially on mobile platforms.

4. Google Photos AI Update ??

Google Photos is enhancing its user experience with the introduction of the "Memories" feature. This AI-driven view automatically curates and organizes users' photos, highlighting significant moments and events. It's like having a personal assistant that crafts digital photo albums for you, ensuring you never miss out on reliving those special memories.

5. OpenAI's GPT-4 for Moderation ???

In the age of digital communication, online safety is paramount. OpenAI's GPT-4 now offers content moderation capabilities. This AI-driven approach swiftly identifies and moderates inappropriate or harmful content, ensuring online platforms remain safe and welcoming for all users.

6. OpenAI Acquires Global Illumination ??

OpenAI's strategic acquisition of Global Illumination, a team with a rich history in game development, has sparked industry-wide speculation. Could OpenAI be venturing into the gaming domain? Only time will tell, but the possibilities are exciting.

7. Take Two Shuts Down AI GTA 5 Mod: ??

The gaming community was abuzz when an AI mod for the iconic game GTA 5 was introduced. This mod allowed players to engage in AI-driven conversations with game characters, adding a layer of realism. However, Take Two, the parent company of Rockstar Games, decided to shut it down, possibly due to concerns over game integrity or potential copyright issues.

8. Adobe Express with Firefly: ?

Adobe, a leader in creative software, has made its Express tool integrated with Firefly available to the masses for free. This tool is a treasure trove for creatives, offering features like AI-driven text effects and the ability to generate images from text prompts.

9. Runway's New Feature: ??

Runway, renowned for its video effects, has added a new feather to its cap with the "Watch" feature. This platform now showcases videos crafted using RunwayML, serving as an inspiration hub for video creators and enthusiasts alike.

10. Associated Press's AI Guidelines for Journalists ??

The Associated Press (AP) has taken a proactive approach to the integration of AI in journalism. They've established a set of guidelines that emphasize the importance of thoroughly vetting AI-generated content. Journalists are also advised to exercise caution with AI-modified images, ensuring that the essence of the story remains unaltered.

11. New AI Companies ??

The AI landscape is ever-evolving, with tech veterans launching new ventures. Eric Schmidt, Google's former CEO, has embarked on a non-profit AI venture focused on scientific advancements. Meanwhile, two former Google researchers have founded Sakana AI, with a vision to develop collaborative AI models that can work in tandem with human intelligence.

12. AI Bots and Captchas: ??

The age-old security measure of captchas is under threat. Recent research indicates that AI bots have become so adept at deciphering these puzzles that their efficacy as a security measure is being questioned.

13. Nvidia's Neuroangelo Technology: ???

Nvidia, a tech giant, has made its groundbreaking Neuroangelo technology accessible to the public. This tech marvel can craft 3D images from a series of 2D photos, blurring the lines between reality and digital art.

14. Luma AI's Fly Throughs: ??

Luma AI's innovative "Fly Throughs" app is set to change the way we perceive videos. By transforming standard video footage into 3D environments, it simulates the effect of drone shots, adding depth and dimension to captured moments.

15. Snapchat's AI Chatbot Glitch: ?

Snapchat, a major player in the social media realm, faced a hiccup when its AI chatbot malfunctioned. Users reported random posts and unresponsiveness. While the glitch was temporary, it highlighted the challenges of integrating AI into real-time platforms.

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