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AI IMPACTS INVESTING

AI WRITES BOOKS

Plus AI Transforms Writing



AI 2024: The Rise and Impact of Artificial Intelligence on Investing

While the public witnessed the power of generative AI in 2023, the true potential of this technology is yet to be fully realized. Experts predict that AI will revolutionize various aspects of the investing world, with 70% of executives planning to increase AI resources to cut costs. As AI advances faster than regulation, companies are urged to self-regulate and create new AI-related roles to address policy, ethics, legal, and other concerns. Furthermore, the rise of AI-powered co-bots is expected to replace automated assistants like Siri and Alexa. Investors need to keep an eye on this transformative technology, as it has the potential to reshape businesses across industries.

The Rise of AI Writers: Gimmick or the Death of Literature?

In the world of literature, AI writers are making headlines as they demonstrate their prowess in generating vast amounts of written content. These AI models possess impressive linguistic abilities and are capable of producing cover letters, detective novels, sonnets, and even essays about the implications of AI in literature. Despite the novelty and efficiency these AI writers bring to the table, concerns arise regarding the potential threat they pose to the profession of human writers. Writers fear losing their livelihoods as AI algorithms churn out content without the need for health insurance or creative capacity. 

AI Agent Startups Building Virtual Assistants to Automate Work

A new wave of AI agent startups is emerging, focusing on developing virtual assistants capable of executing user tasks. Startups like Lindy are building next-generation personal assistants to automate tedious administrative chores. Lindy’s agents can connect to a user’s calendar and email apps to find free time slots and send meeting invitations, saving time and effort. Another startup, Adept, trains agents to perform keyboard and mouse moves, enabling them to recognize and carry out tasks within specific software. These AI agents are expected to change how knowledge workers perform tasks in the short term and take on more complex tasks in the future, potentially altering traditional work patterns and enabling a four-day workweek.

NYT vs. AI: A Battle of Copyrights

The New York Times has taken legal action against OpenAI and Microsoft, accusing them of copyright infringement. The lawsuit claims that the companies used millions of articles from The Times to train their chatbot AI systems, which now compete with the news outlet. This lawsuit could have significant implications for the legal boundaries surrounding generative AI technologies. The Times seeks monetary damages along with the destruction of any AI models and training data that utilize their copyrighted material. This case sets the stage for an intense legal battle and raises questions about the unauthorized use of published works in training AI systems.

Presidential AI Silence: Urgent Questions Unanswered – A Wave of Change Approaches

With the upcoming presidential election, computer scientists urge Joe Biden and Donald Trump to address their stance on AI and their plans to handle its imminent surge throughout their term. While President Biden signed initial AI guidelines, both candidates have remained silent on its transformative impact. Climate change and AI are projected as game changers, yet the political class remains occupied with obsolete issues. Experts predict that AI will revolutionize various industries, impacting employment in journalism, law, customer service, and fast food. Amidst the concerns, there is also positive news regarding AI’s potential in medical research to combat diseases. 

BONUS STORIES

ChatGPT Update: AI Help Takes a Seat at the Table for Restaurant Reservations

AI experts predict that the next update of ChatGPT, a popular AI chatbot, will have the ability to call restaurants and make reservations on behalf of users. Aidan Meller, director of the Ai-Da robot project, suggests that this major update could be released in 2024. The current version, ChatGPT 4, already includes improved memory and data-to-text functions. Version 5 is expected to expand into more day-to-day functions, allowing users to simply ask their phones to make restaurant reservations for them. This advancement in AI technology could have significant implications for businesses. ChatGPT’s potential to automate the booking process could help save time and reduce stress for busy individuals.

Literature Under Siege: How AI-Powered Bots are Transforming Writing

In a world where AI-powered bots have become the writers of choice, literature is transforming. These language models have witnessed impressive advances in their writing capabilities, and they are now capable of generating various works of literature in mere minutes. While some view this as an innovative gimmick, others worry about the future of human writers. Writers Guild of America launched copyright-infringement suits to protect their works from being consumed by commercial AI algorithms. As more written content is outsourced to AI, intellectual labor faces a revolution akin to the Industrial Revolution. The battle between human writers and AI bots has become the modern-day Luddite struggle on the front lines of text workers.

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