🏆Milestone in A.I. Regulation: EU Agrees on Sweeping A.I. Act

Hello there, curious readers! Interested in the latest 🗞 in the field of artificial intelligence? 🤖 Join us as we discover its incredible impact on our world with plenty of wit 😆, creativity 🎨, and art 🖼!

📰WHAT’S NEW!

🏆Milestone in A.I. Regulation: EU Agrees on Sweeping A.I. Act

• European Union policymakers reach a landmark agreement on the A.I. Act, a comprehensive law to regulate artificial intelligence, addressing risks in areas like employment, misinformation, and national security. The law awaits final approval but establishes a global benchmark for responsible A.I. use.

• The A.I. Act targets riskier A.I. applications, imposing transparency requirements on major general-purpose A.I. systems, including chatbots like ChatGPT. Facial recognition by police is restricted, and companies violating regulations may face fines up to 7% of global sales.

• The law adopts a "risk-based approach," focusing oversight on A.I. tools with high potential harm, such as in hiring and education. Companies must provide proof of risk assessments, data used in training, and ensure no harm like perpetuating biases. Human oversight is mandated.

💲Alphabet's Gemini AI Model Sparks Investor Enthusiasm, Adds $80 Billion to Market Value

• Alphabet (GOOGL.O) shares rose by 5.3% following the launch of Gemini, Alphabet's new artificial intelligence model. Wall Street views Gemini as a potential tool to regain ground in the AI race against Microsoft-backed OpenAI.

• Gemini is positioned to enhance Alphabet's AI capabilities, addressing concerns about generative AI innovation and the high operational costs associated with GenAI models. Alphabet reported that Gemini is faster than OpenAI's latest model and has the capability to process various forms of media, including video, audio, and text.

• The positive reception of Gemini resulted in Alphabet adding over $80 billion to its market value. This contrasts with a nearly $100 billion selloff in February, triggered by concerns over Alphabet's Bard chatbot sharing inaccurate information and a less impressive company event.

🖥AMD Challenges Nvidia Dominance with Meta and Microsoft Partnerships

• AMD announces collaboration with Meta, Microsoft, and others to use its new AI chip, Instinct MI300X, signaling a shift away from Nvidia's GPUs and potentially reducing costs for AI model development and deployment.

• AMD's MI300X boasts 192GB of HBM3 memory, promising faster data transfer and accommodating larger AI models. AMD CEO Lisa Su compares it to Nvidia's H100, emphasizing improved user experiences in complex AI tasks.

• AMD aims to compete with Nvidia by enhancing its software suite, ROCm, and attracting customers with competitive pricing. While projecting $2 billion in data center GPU revenue for 2024, AMD eyes a potential $400 billion market for AI GPUs by 2027, emphasizing a strategic focus on high-end AI chips.

📈French AI Startup Mistral Hits €2 Billion Valuation in Funding Frenzy

• French AI startup Mistral achieves a valuation of €2 billion in a funding round led by Andreessen Horowitz, with participation from Nvidia, Salesforce, BNP Paribas, and General Catalyst. The round, estimated at €400 million, reflects a significant increase from its June valuation of €240 million.

• Mistral, founded by former Meta and Google AI researchers, specializes in generative AI using large language models (LLMs) for creating human-like prose and code rapidly. The startup competes in the capital-intensive field of LLM development, emphasizing efficiency and cost-effectiveness compared to larger US counterparts.

• Mistral adopts an "open source" strategy, planning to publicly publish its model to encourage collaboration and contributions from developers and companies. The company, while not yet profitable, anticipates a shift as it prepares to launch a platform for customers to access its AI models.

❓AI's Role in Israel-Gaza Conflict Raises Ethical Concerns

• Israeli military deploys The Gospel, an AI system, in Gaza, enabling faster target generation and potentially relaxing constraints on civilian casualties during the Israel-Gaza conflict, now lasting over 60 days.

• Israeli media faces challenges in reporting the exchange of hostages between Israel and Hamas, impacting the Netanyahu government's messaging. Meenakshi Ravi explores how the story is portrayed in the Israeli media landscape.

🎖The Tech-Powered Olympics: AI's Impact on Training, Performance, and Health

• From soccer to surfing, AI is transforming athlete training. U.S. Soccer employs AI to track player movements and ball positions in real-time, while USA Surfing collaborates with Microsoft for wave-riding analysis using AI and digital videos.

• Intel's 3D Athlete Tracking (3DAT) and other computer vision systems create 3D models of athletes' bodies, aiding in performance improvement. Exos uses 3DAT for analyzing football players' sprints, providing personalized feedback for enhanced speed.

🛠️AI Tools of the Week

 ✍️ Vrew - A.I Generated Captions

• Harness the power of Vrew’s AI for video captioning, saving time with automatic generation based on content.

• Replace manual transcription with advanced speech recognition, ensuring accuracy and efficiency.

• Tailor your captions’ visual appeal with customizable fonts, borders, and shadows, reflecting your brand’s unique identity.

💬 Phrasee - Marketing Creator

• Harness AI for precise marketing message generated across digital platforms.

• Predict, optimize, and comprehend a variety of messages seamlessly.

• Enable instant creation and testing, ensuring adaptive and effective communication.

📱 AdCreative.ai - Creative Advertising

• Utilize AI tools to strategically curate highly engaging and interactive posts in digital marketing.

• Leverage data analysis for the precise selection of target audiences, ensuring personalized content.

• Focus on optimizing both advertisements and social media posts for heightened relevance.

• Enhance overall campaign effectiveness and user engagement through sophisticated AI integration.

🐝 Beehiiv - Newsletter (IM USING BEEHIIV RIGHT NOW!!) 🐝

• Newsletter tool created by one of the first employees of Morning Brew

• Recently implemented incredible AI writing and text to image creation tools!

🎨AI Art Corner

Check out this AI generated picture shared by “Casey Rodarmor”

What’s the best piece of AI art you have ever seen?

🤣AI Joke of the Day

What is wrong with the robot musician?… She didn’t have any organs! 🫀

🎤Upcoming AI Event

AI Experts, Engineers, and Professionals:

Join the international conference on behavioral robotics and AI

Deadline for Registration is 12/11/23.

Miami, FL 33132

Tuesday, December 18

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Start AI Team 😁