news-digest

Bytes to Insights: Weekly Digest for the Week of July 28, 2024

Welcome to this week’s edition of Bytes to Insights Digest, your curated guide to the fascinating world of artificial intelligence. In our commitment to simplify AI for everyone, we bring you the latest news in advancements, trends, and ethical considerations in a concise, easily readable format. Whether you’re sipping your morning coffee or taking a quick break from your day, our digest is designed to enrich your understanding of AI’s impact on our world without overwhelming you and presented in a way that is accessible, relevant, and respectful of your time and curiosity.

Generative AI continues to gain traction across various business functions. A McKinsey survey highlights that companies increasingly utilize generative AI to enhance operations, particularly in human resources and supply chain management. While businesses see cost and revenue benefits, challenges like inaccuracy, intellectual property risks, and security concerns persist.

There is ongoing debate around AI regulation and ethical use. The European Union’s AI Act aims to limit the use of AI in areas like biometric categorization and social scoring, while the U.S. and China are also actively pursuing their regulatory frameworks. The issue of using copyrighted material for training AI models remains contentious, with legal cases such as the New York Times lawsuit against OpenAI potentially shaping future policies.

Companies face challenges with “shadow AI,” where employees use AI tools without official sanction, potentially leading to legal and reputational risks. Organizations are urged to establish clear policies and governance structures to responsibly manage AI technologies.

AI is integrated into healthcare and robotics to improve efficiency and patient outcomes. For example, AI-powered systems are being developed to aid in medical treatment and assist people with cognitive impairments.

Apple announced that its upcoming artificial intelligence features, collectively known as “Apple Intelligence,” will miss the initial launch of iOS 18 and iPadOS 18 in September. Instead, these AI features are now planned for release in October through software updates, giving Apple more time to fix bugs and refine the functionality.

OpenAI has started rolling out an advanced Voice Mode for ChatGPT to a small group of Plus users, with plans to expand to all Plus users by fall 2024.

OpenAI is testing a new AI search experience called SearchGPT. It aims to compete with Google by providing timely answers from across the internet and allowing follow-up questions.

A report from The Information claims OpenAI could potentially lose up to $5 billion in 2024 due to high operational costs. The company projects spending up to $7 billion on training and operating ChatGPT.

OpenAI released a new small AI model called GPT-4o mini, designed to be cheaper and faster than their current models while outperforming industry-leading small AI models on reasoning tasks involving text and vision.

A partnership was announced to study how scientists can employ AI to advance research in healthcare and bioscience.

Starting in February, Arizona State University will have full access to ChatGPT’s Enterprise tier, marking OpenAI’s first partnership with a higher education institution.

Rie Kudan, the winner of the prestigious Akutagawa Prize for her novel “The Tokyo Tower of Sympathy,” revealed that approximately 5% of the book quoted ChatGPT-generated sentences verbatim. This incident highlights the growing influence of AI in creative fields.

OpenAI has acted against AI startup Delphi for developing a bot impersonating a presidential candidate, in line with their recently published plan to combat election misinformation.

OpenAI announced price drops for GPT-3.5’s API and introduced a new preview model for GPT-4 Turbo API use.

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