GPT

To understand the risks posed by AI, follow the money

Retrieved on: 
Wednesday, April 10, 2024

Shortly thereafter, the consensus switched to fears of an imminent nuclear holocaust.

Key Points: 
  • Shortly thereafter, the consensus switched to fears of an imminent nuclear holocaust.
  • Similarly, today’s experts warn that an artificial general intelligence (AGI) doomsday is imminent.
  • It’s difficult to argue with David Collingridge’s influential thesis that attempting to predict the risks posed by new technologies is a fool’s errand.
  • Focusing on the economic risks from AI is not simply about preventing “monopoly,” “self-preferencing,” or “Big Tech dominance”.
  • It’s about ensuring that the economic environment facilitating innovation is not incentivising hard-to-predict technological risks as companies “move fast and break things” in a race for profit or market dominance.
  • OpenAI is already becoming a dominant player with US$2 billion (£1.6 billion) in annual sales and millions of users.

Degrading quality for higher profit

  • The problems fostered by social media, search, and recommendation algorithms was never an engineering issue, but one of financial incentives (of profit growth) not aligning with algorithms’ safe, effective, and equitable deployment.
  • For digital platforms, extracting digital rents usually entails degrading the quality of information shown to the user, on the basis of them “owning” access to a mass of customers.
  • But over time, a misalignment between the initial promise of them providing user value and the need to expand profit margins as growth slows has driven bad platform behaviour.

Amazon’s advertising

  • In our research on Amazon, we found that users still tend to click on the product results at the top of the page, even when they are no longer the best results but instead paid advertising placements.
  • For social media platforms, this was addictive content to increase time spent on platform at any cost to user health.
  • In the process, profits and profit margins have become concentrated in a few platforms’ hands, making innovation by outside companies harder.
  • Amazon’s most recent quarterly disclosures (Q4, 2023), shows year-on-year growth in online sales of 9%, but growth in fees of 20% (third-party seller services) and 27% (advertising sales).
  • Algorithms have become market gatekeepers and value allocators, and are now becoming producers and arbiters of knowledge.

Risks posed by the next generation of AI

  • But how much greater are the risks for the next generation of AI systems?
  • Thankfully, society is not helpless in shaping the economic risks that invariably arise after each new innovation.
  • Risks brought about from the economic environment in which innovation occurs are not immutable.
  • Market structure is shaped by regulators and a platform’s algorithmic institutions (especially its algorithms which make market-like allocations).
  • What role might interoperability and open source play in keeping the AI industry a more competitive and inclusive market?
  • Instead, we should try to recalibrate the economic incentives underpinning today’s innovations, away from risky uses of AI technology and towards open, accountable, AI algorithms that support and disperse value equitably.
  • Ilan Strauss receives funding from The Omidyar Network through the UCL IIPP research project on algorithmic rents Mariana Mazzucato received funding for this project from the Omidyar Foundation.
  • Rufus Rock received funding from the Omidyar Network whilst pursuing the research referenced in this piece.

iCAD and Densitas Partner to Enhance Precision Breast Health with Leading AI Solutions for Mammography Quality, Cancer Detection, and Risk Evaluation

Retrieved on: 
Tuesday, April 9, 2024

Provides a holistic breast health solution, including breast cancer screening focused on quality, safety and efficiency, breast cancer detection, breast density assessment, and risk evaluation

Key Points: 
  • Provides a holistic breast health solution, including breast cancer screening focused on quality, safety and efficiency, breast cancer detection, breast density assessment, and risk evaluation
    NASHUA, N.H. and HALIFAX, Nova Scotia, April 09, 2024 (GLOBE NEWSWIRE) -- iCAD, Inc .
  • (NASDAQ: ICAD), a global leader in clinically proven AI-powered cancer detection solutions, announced a strategic partnership with Densitas, Inc ., a global leader in operational AI solutions for breast cancer screening.
  • The partnership enables breast imaging centers and radiologists to provide end-to-end breast health care that ensures every aspect of a woman’s breast health journey is addressed, starting from the first step of quality screening mammograms and extending through breast cancer detection, breast density assessment, and a comprehensive evaluation of breast cancer risk.
  • IntelliMammo® densityAI™ breast density has been clinically validated to have a strong association with breast cancer risk, providing a practical automated method for risk stratification.vi

New AI research helps VCs vet ideas 10x faster

Retrieved on: 
Wednesday, March 27, 2024

Vela Research is the research arm of Vela Partners , the world’s first AI-native and product-led venture capitalist (VC) firm.

Key Points: 
  • Vela Research is the research arm of Vela Partners , the world’s first AI-native and product-led venture capitalist (VC) firm.
  • The research paper entitled Decision GPT: A Framework to Make Critical Decisions is designed to transform how VCs make investment decisions.
  • This helps millions of companies to be analyzed by an investor at human-level reasoning and efficiently scales decision making.
  • The use-case explored in the research paper is the evaluation of startups based on startup founders and their ideas.

Linklogis Announces 2023 Annual Results: Maintaining the Largest Market Share in China for 4 Consecutive Years

Retrieved on: 
Tuesday, March 26, 2024

Beijing, China, March 26, 2024 (GLOBE NEWSWIRE) -- On March 26, 2024, Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its 2023 annual results.

Key Points: 
  • Beijing, China, March 26, 2024 (GLOBE NEWSWIRE) -- On March 26, 2024, Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its 2023 annual results.
  • The board of directors of Linklogis proposes to pay a special dividend of HK$0.1 per share, totaling approximately HK$230 million.
  • Furthermore, the board expresses confidence in the company’s prospects and sustained growth in the future, and announces a share repurchase plan of up to US$100 million.
  • According to China Insights Consultancy, Linklogis held 20.9% market share, ranking No.1 in the third-party supply chain finance technology solutions providers in China for the fourth consecutive year.

NFA Labs, Creator of ‘Athena GPT’, Announces Staggering $71k Profit Made By It’s AI Neural Network In Only 8 Days

Retrieved on: 
Tuesday, March 19, 2024

In 2023, one of those companies, NFA Labs, set out on a mission to develop a cutting-edge trading algorithm that mimics the intricate workings of the human brain.

Key Points: 
  • In 2023, one of those companies, NFA Labs, set out on a mission to develop a cutting-edge trading algorithm that mimics the intricate workings of the human brain.
  • The company says that Athena has the ability to trade across unlimited tokens and exchanges, and has proven to have amazing accuracy.
  • When NFA Labs first launched their cryptocurrency token “NFAi”, savvy investors flocked to the vision the company had, and what they were building.
  • Now that “AI” has pushed the financial sector into a bull market, it’s expected that NFA Labs and its ecosystem is about to get many new eyes on it.

RingCentral Wins the Overall Best of Enterprise Connect 2024 Award; Winners Announced in Four Other Category Awards

Retrieved on: 
Tuesday, March 26, 2024

Enterprise Connect , the leading conference and exhibition for enterprise communications and customer experience, today announces RingCentral wins the Overall Best of Enterprise Connect award.

Key Points: 
  • Enterprise Connect , the leading conference and exhibition for enterprise communications and customer experience, today announces RingCentral wins the Overall Best of Enterprise Connect award.
  • We congratulate all of this year’s winners for their superior innovations.”
    Winners were announced during an awards presentation at Enterprise Connect 2024.
  • Enterprise Connect 2024 takes place March 25-28, 2024 at the Gaylord Palms in Orlando, FL and digitally.
  • Enterprise Connect announced that it will host a new event, Enterprise Connect AI, which will take place this coming October in Santa Clara, CA.

transcosmos develops GenAI-powered chatbot T-GPT in South Korea

Retrieved on: 
Thursday, April 4, 2024

TOKYO, April 4, 2024 /PRNewswire-PRWeb/ -- transcosmos inc. hereby announces that the company has developed and released T-GPT, a chatbot service powered by generative AI (GenAI) in the Republic of Korea (South Korea).

Key Points: 
  • TOKYO, April 4, 2024 /PRNewswire-PRWeb/ -- transcosmos inc. hereby announces that the company has developed and released T-GPT, a chatbot service powered by generative AI (GenAI) in the Republic of Korea (South Korea).
  • To assist clients in developing their own GPT Chatbot services specifically designed to meet their user needs, transcosmos experts help the development process.
  • With around 10,000 people, transcosmos Korea is empowering more than 350 clients in Korea with its business process outsourcing (BPO) services specifically optimized for each industry.
  • transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.

Persefoni AI named a leader in Sustainability Management Software by independent research firm

Retrieved on: 
Tuesday, April 2, 2024

TEMPE, Ariz., April 2, 2024 /PRNewswire/ -- Persefoni, a leading Climate Management & Accounting Platform (CMAP) for enterprises and financial institutions, was recognized as a leader in sustainability management software by analyst firm Forrester. The Forrester Wave™: Sustainability Management Software, Q2 2024 report evaluated sustainability management software vendors using 24 criteria to inform corporate sustainability and finance teams considering purchasing options.

Key Points: 
  • The Forrester Wave™: Sustainability Management Software, Q2 2024 report evaluated sustainability management software vendors using 24 criteria to inform corporate sustainability and finance teams considering purchasing options.
  • "Persefoni AI (is) a specialist in carbon with deep expertise in carbon accounting, data management, compliance, and decarbonization planning," said the Forrester report.
  • "Persefoni AI's strong vision includes the use of AI for deeper financial modeling and incorporating broader ESG reporting."
  • "Persefoni is honored to once again be selected as a leader in the sustainability management software market," said CEO and Co-Founder Kentaro Kawamori.

Waterfield Tech Introduces New Suite of Generative AI Solutions to Accelerate the AI-First Contact Center

Retrieved on: 
Thursday, March 28, 2024

BOSTON, March 28, 2024 /PRNewswire-PRWeb/ -- Waterfield Tech, a leading global customer engagement solutions provider, today announced its new suite of generative AI solutions. This innovative offering enables contact center leaders to build on the promise of AI in their organizations with low risk and affordable cost to improve the customer experience.

Key Points: 
  • The race to incorporate AI into the contact center has begun – it's chaotic, fast-moving, and high stakes.
  • "Generative AI is the key to unleashing productivity gains – and the pressure is on for contact center leaders to implement AI now," said Michael Fisher, Chief Product Officer, Waterfield Tech.
  • "We're proud to introduce our suite of generative AI solutions to provide clients with expert choices and to help guide their decisions.
  • For more information on Waterfield Tech's suite of generative AI solutions, visit waterfieldtech.com/applied-ai.

Sedgwick wins 2024 CIO 100 Award

Retrieved on: 
Wednesday, March 27, 2024

MEMPHIS, Tenn., March 27, 2024 /PRNewswire/ -- Sedgwick, a leading global provider of claims management, loss adjusting and technology-enabled business solutions, has been named by Foundry's CIO as a 2024 CIO 100 Award winner for Sidekick, a first-of-its-kind application developed by the company's technology team. Foundry's CIO 100 award recognizes enterprise excellence and innovation in IT.

Key Points: 
  • MEMPHIS, Tenn., March 27, 2024 /PRNewswire/ -- Sedgwick , a leading global provider of claims management, loss adjusting and technology-enabled business solutions, has been named by Foundry's CIO as a 2024 CIO 100 Award winner for Sidekick, a first-of-its-kind application developed by the company's technology team.
  • Foundry's CIO 100 award recognizes enterprise excellence and innovation in IT.
  • Sedgwick has previously been recognized by the CIO 100 Awards, including in 2020 for its global smart.ly platform, which introduced automated data gathering and decision engines into the company's claims handling and intake processes.
  • For more than 25 years, the CIO 100 Awards have recognized innovative organizations around the world that exemplify the highest level of strategic and operational excellence in IT.