Intelligent Automation Newsletter #139

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This week’s 5 top stories we don’t want you to miss:

1?? [Future of work] The U.K. Department for Education's report identifies management consultants and business analysts as the jobs most vulnerable to AI, particularly in finance and insurance sectors.

• Analyzing 365 jobs against AI applications like ChatGPT and Google Bard, the study found that professions involving clerical tasks in finance, law, and business management are highly susceptible to automation.
• Conversely, hands-on and manual labor roles, such as sports players, roofers, and construction workers, are least likely to be affected by AI.

2?? [AI] The study by Hugging Face and Carnegie Mellon University found that generating AI images has a carbon footprint comparable to charging a smartphone, with image generation being more energy-intensive than other AI tasks.

• Large models like ChatGPT require more energy than task-specific models.
• The researchers advocate for transparency about the environmental impact of AI models.

3?? [AI] DeepMind's new AI learns tasks by observing humans, using a method that doesn't need pre-collected data, showing potential in robotics and customer service.

• This technique, tested in the GoalCycle3D simulation, allows AI to remember and perform tasks independently.
• However, it faces challenges like potential misinterpretation and the need for more complex testing scenarios.

4?? [Bank] JPMorgan Chase & Co. is generating significant revenue from AI, exceeding its $1B goal for 2023 and aiming for $1.5B, with applications like personalized advice and a GPT-powered adviser.

• The bank is managing AI advancements under regulatory scrutiny and planning for workforce changes due to AI's impact.
• Globally, AI in banking is projected to create over $300B in value by 2030.

5?? [Law] In Porto Alegre, Brazil, City Councilman Ramiro Rosário used ChatGPT to draft a law against charging taxpayers for stolen water meters, which became the country's first AI-written legislation without the knowledge of other council members.

• Rosário chose not to disclose the AI's involvement, fearing it might prevent the ordinance from being voted on.
• The law, unanimously approved in October, took effect in late November, reflecting a growing trend of lawmakers, like in Massachusetts, using AI for legislative drafting.

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The 2 posts you can't miss this week:

?? Do you know who the best managers are?

?? From MIT's leg lab in 1983 to YouTube stardom in 2023, Boston Dynamics' Atlas represents 40 years of robotics mastery

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