Hey Insiders! We want to hear how AI is impacting you and your work. What interests you? What tools have you discovered? What are your biggest questions? For the next 31 days, we’re inviting community members to share how AI is shaping their lives. Just post to the Inside AI community during the month of May using the hashtag #31DaysofAI. The goal is to learn, but that’s not all. At the end of the month, we’ll pick the best frequent contributors and send out some exclusive Inside.com swag. |
| |
IBM CEO Arvind Krishna says the company may pause hiring for positions that could potentially be performed by artificial intelligence (AI) within the next few years, specifically back-office functions, such as certain HR roles. Krishna forecasts that AI will be able to perform up to 30% of back-office functions in the next five years More: - Krishna expects that AI will allow for the automation of certain tasks, including generating employment verification letters and staff transfers between departments.
- However, HR functions such as evaluating workforces are unlikely to be automated within the next 10 years, according to Krishna.
- The CEO anticipates that recruitment for back-office roles, including HR, will be halted or reduced. These positions do not involve interacting with customers and currently employ approximately 26,000 individuals.
- In January, IBM announced layoffs affecting 3,900 positions, or 1.5% of its global workforce, after it missed its yearly cash target.
Zoom Out: - The IBM announcement highlights how AI and automation, which are advancing rapidly, could lead to job losses.
- According to a recent report by Goldman Sachs analysts, generative AI technologies could potentially automate 300 million full-time jobs, with two-thirds of jobs in the U.S. and Europe likely to be affected by AI automation in some form.
BLOOMBERG 
| |
What happened: A new poll by Pew Research shows a significant shift in how U.S. Republicans and Democrats view Twitter. Two years ago, a majority of Republican users believed the platform had a negative impact on democracy. Now, following Elon Musk's takeover, their views have become more positive while the views of Democrats are more negative. What the numbers say: The percentage of Republican and Republican-leaning users who believe that Twitter is mostly bad for democracy dropped from 60% in 2021 to 21% in 2023, while the percentage of those who believe it's mostly good for democracy increased from 17% to 43%. Conversely, the share of Democratic and Democratic-leaning Twitter users who believe Twitter is good has fallen from 47% to 24%. Details: Despite these changes, more Twitter users across party lines now believe the platform has no impact on democracy. In addition, the poll also showed a partisan divide over misinformation, harassment, and civility on Twitter. Democratic users are now more likely than Republicans (68% v 37%) to say inaccurate or misleading information is a problem. Why it matters: According to JM Berger, a social media extremism researcher, Twitter's content moderation has shifted in favor of the far-right since Musk took over. The billionaire has been vocal about preserving free speech on the site and has reinstated banned users, such as former President Donald Trump. However, many critics have voiced concerns about the rising amount of hate speech, misinformation, and other problematic content post-Musk. 
| |
 A message from TRUERA LLM Testing and Monitoring – Join the Hands-On Workshop How can you ensure that your large language model is honest, harmless, and helpful? Join TruEra on May 11th and 18th as their President and Chief Scientist, Anupam Datta, provides a hands-on overview of how to analyze and improve the performance of your LLMs. During the two 60-minute online sessions, he will cover the following: - Quick introduction to LLMs - what are they and their history?
- Risks and challenges of LLMs: is your LLM honest, harmless, and helpful?
- Defining feedback functions to model LLM quality and performance
- How should you test and monitor LLMs?
- Live walk-throughs of how to identify, diagnose, and debug model issues in development and production
- Q&A with Professor Datta
Dates: 2-session series on May 11th and 18th Where: Virtual Event - Join from Anywhere Who should attend: Data scientists, machine learning engineers, MLOps managers, data analysts, statisticians, data and analytics managers Register for Free
| |
Coinbase Global, the U.S.'s largest crypto exchange, has established an international exchange for cryptocurrency derivatives in Bermuda amid regulatory challenges in the U.S. The Coinbase International Exchange (CIE) allows institutional investors to trade crypto derivatives, starting with bitcoin and ether perpetual futures. More: - Similar to traditional futures contracts, perpetual futures are a type of cryptocurrency derivative that enables traders to place leveraged bets on crypto price movements continuously, without any specific expiration date.
- Coinbase International Exchange expands access to digital assets for professional investors. Only institutional clients in eligible, non-U.S. jurisdictions can access the platform for trades via an API.
- The platform launches with the support of Bermuda regulators. Coinbase obtained a license last month from the Bermuda Monetary Authority.
- CEO Brian Armstrong recently said that crypto companies would create operations in "offshore havens" if the U.S. and the U.K. fail to establish clear rules for the industry.
Related: - Also on Tuesday, the crypto exchange Gemini announced a derivatives platform for customers outside the U.S. to trade perpetual futures.
COINDESK
| |
Apple and Google have teamed up to propose industry standards for fighting misuse of location-tracking devices, such as AirTags and Tile trackers. The upcoming specification would enable Android and iOS users to receive alerts when they are being tracked by unwanted devices. More: - The proposal calls for "unauthorized tracking detection and alerts" to help prevent people from misusing the trackers in cases of theft, stalking, and harassment.
- Apple and Google envision the safety measures as a standard to ensure features and inter-compatibility across platforms.
- Other item trackers could build upon the iPhone and Android alert tools.
- The proposal for Bluetooth tracker manufacturers has the backing of Tile, Samsung, Chipolo, Eufy Security, and Pebblebee.
- Apple and Google expect to have a "production implementation" by the end of this year and to support it “in future versions of iOS and Android.”
CNBC
| |
 A message from VANTA Swamped with spreadsheets as you work to stay compliant with privacy and security regulations? Then you need Vanta, the market-leading automated compliance platform. Trusted by 5,000+ global customers, Vanta helps you quickly and easily get compliant, manage risk, and show off your security — so your business can focus on building and selling. Vanta’s platform: -
Automates up to 90% of compliance for SOC 2, ISO 27001, GDPR, HIPAA, and more, saving you hundreds of hours of manual work -
Gives you one place to centralize and scale your security program and build trust with customers and partners -
Helps your business scale and thrive while reducing the need for countless spreadsheets and endless email threads Even better? Vanta customers report saving up to 85% of compliance costs. And now, you can take a self-guided tour of Vanta’s product to see how it all works. See the Tour
| |
In the first quarter, Uber Technologies' revenue grew by 29%, bolstered by new services and a return of drivers. The ride-hailing giant reported revenue of $8.8B, beating Wall Street estimates. Its $31.4B in gross bookings, or the total amount of money paid by customers for Uber's services, represented a 19% increase year-over-year. More: - When adjusted for currency effects, Uber's Q1 2023 revenue was up 33% YoY.
- Uber's mobility segment, which covers ride-hailing, saw gross bookings rise by 43% for the quarter.
- Delivery gross bookings were up 12%, while those in the smaller freight division were down 23%.
- Unlike other tech companies, Uber has not announced significant layoffs this year. During the pandemic, it cut more than 6,700 positions after its ride-hailing business fell 80%.
Zoom Out: - Lyft recently announced layoffs of 1,072 employees, or 26% of its corporate workforce, as part of a restructuring effort under new CEO David Risher.
- The company is set to report its financial results on Thursday.
THE WALL STREET JOURNAL
| |
Tinder owner Match Group Inc. said it will pull its dating apps and services out of Russia due to human rights concerns. In its annual impact report yesterday, the company said its brands are now working to restrict access across Russia and plan to have completed their withdrawal by June 30. More: - Match Group added that it is "committed to protecting human rights," without elaborating.
- In addition to Tinder, Match owns the dating brands Hinge, Match.com, OkCupid, PlentyOfFish, OurTime, and Meetic.
- Last year, many major companies exited Russia following its invasion of Ukraine, and Match's competitor, Bumble Inc., declared its intention to end its operations there in March last year.
- Match is expected to release its first-quarter earnings after market close today.
REUTERS
| |
QUICK HITS - The company behind these surgical robots is planning to list on Nasdaq. Last day to fund your investment is on 5/10.*
- Following a series of online leaks, Google's Pixel 7a phone appears to have a confirmed launch date of May 11.
- Facebook has added new options giving users more control over what types of Reels short-form videos they want to see.
- Microsoft has filed a patent for an enhanced eye-tracking system, hinting at the potential development of its VR headset to compete with Sony's PS VR2.
- TikTok is reportedly working on a tool for content creators to label their AI-generated videos, although it's not clear if or how the platform may enforce the disclosure.
- Demo Divvy, get an Ember heated mug. Hot coffee and quick and easy expense management — get both when you demo Divvy.*
*This is a sponsored post.
| |
| |
 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. She has written the Inside AI newsletter since 2019. You can reach her at Beth.Duckett@inside.com. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Join us on May 11th and 18th for a hands-on overview of how to analyze and improve the performance of your LLMs. | |
| |
Comments
Post a Comment