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The SEC Newgate AI Weekly

AI Concept
05 October 2023
Digital and Insight
artificial intelligence

Another week, another see-saw moment that has us questioning whether artificial intelligence will do more harm than good to the future of humanity. This week alone has seen mass developments in image generation as well as contributions to the spread of misinformation through impersonation.

Here's a glimpse of the key events from the past week:

Work smarter, not harder! 

Quit daydreaming about a 4-day working week - JP Morgan’s Jamie Dimon predicts a 3.5-day working week will be attainable with the help of AI. What’s more, Dimon expressed during an interview with Bloomberg TV that “Your children are going to live to 100 and not have cancer because of technology.”

So, while it may indicate that job cuts will be an inevitable result to ensure a sufficient transition to a shorter working week, Dimon claims that overall, the positives outweigh the negatives in terms of general well-being and the promotion of a healthy work-life balance.

This is a confrontation with doomsday forecasters catastrophising the future of the workforce and life as we know it. And while admin-heavy roles often seem to be one of the first in the firing line, new research shows that some CEOs are now exploring how AI could effectively replace them. The study conducted by researchers from edX found that while ‘almost half of those surveyed believed AI could replace some, if not their whole position, what’s more interesting is 47% seeing it as a ‘desirable development.’

If AI were to replace tasks integral to the CEO role title, this would create time to implement effective leadership strategies and allow for more strategic thinking that would arguably work hand in hand with the overall success of a business.

AI consumer devices

In other news, OpenAI is reportedly in discussions with Apple’s former chief design officer, Jony Ive on how to build the next AI iPhone reports the Verge. A development that is hoped will make us ‘less reliant on screens’ through an interactive and potentially ‘wearable AI computing device.’

In addition to this, aside from potentially wearing a screenless smartphone, we’re entering the AI-focused wearables era, with products like the  that  becoming available for preorder today.

Paris Fashion Week also revealed a world-first ‘AI Pin,’ developed by Humane Inc. designed to ‘weave seamlessly into users’ day-to-day lives.’ Their press release significantly notes that privacy and trust are integral and as “no ‘always on’ listening.”

Out of this world

Determining whether there is or ever was life on other planets is now reported to become significantly easier with AI being able to “determine with 90% accuracy whether samples are biological.”  

And Finally... 

The release of the image generator,  earlier this month not only exemplifies the speed of development (1 year of progress) but shows significantly better results. Accessible via Bing Chat for free, the example below outlines the prompt and result between DALL-E 2 and DALL-E-3... there’s really no comparison.

Prompt: “photorealistic image of Jarrod Bowen, who has scored for West Ham at the London Stadium. He celebrates in front of the fans, surrounded by players celebrating and hugging."

(with the caveat that DALL-E-3 is programmed not to create images of notable individuals, so it has made up the scorer rather than making it Bowen). 



Other stories 

Gender discrimination continues to be an issue with female-founded AI start-ups only securing 2% of funding deals within the UK says the BBC.

More misinformation with an impersonation of the former leader of Sudan, Omar al-Bashir’s voice.  Lighter, but equally disturbing was the dental advert featuring Tom Hanks. An advert he wasn’t even aware was happening.