| |
| Hey Insiders, Welcome to the Inside AI newsletter! Here are today's top stories: - Analysis shows more jobs held by women than men are at risk of AI automation.
- Manhattan attorneys fined $5,000 for using false ChatGPT-generated citations.
- Survey finds nearly half of top tech officers consider AI as their No. 1 budget priority.
At the bottom, you'll find our roundup of the week's top AI stories, along with quick hits of news, our events calendar, and our knowledge hub. Beth
p/beth-duckett | |
| 1 | | The news: A new analysis of Goldman Sachs' research indicates that nearly 80% of women in the U.S. workforce, compared to nearly 60% of men, are in jobs highly exposed to automation through generative AI. Details: The Kenan Institute of Private Enterprise's analysis revealed a 21% higher risk of AI automation exposure for women. "Highly exposed" refers to occupations where over 25% of the tasks could be automated. Goldman Sachs' report on "The Potentially Large Effects of Artificial Intelligence on Economic Growth" served as the basis for the finding. The takeaway: Some of the most AI-exposed fields with predominantly female workers include office and administrative support, healthcare, education, and social services. White-collar jobs face a greater threat from AI than blue-collar jobs. The Kenan Insitute says greater exposure of women to AI automation is due to a higher representation of women in white-collar jobs (~70%), whereas men have a more balanced ratio of roughly 50-50 between white-collar and blue-collar jobs. 
|     | |
| 2 | | A judge on Thursday fined two Manhattan attorneys $5,000 for filing a legal brief that included fabricated court cases and citations generated by ChatGPT. The fine was imposed upon Steven Schwartz, the lawyer who used ChatGPT, along with coworker Peter LoDuca and their law firm, Levidow, Levidow & Oberman. More: - New York District Judge P. Kevin Castel sanctioned the lawyers for neglecting their responsibilities and sticking with the false cases.
- Castel still akcnolwedged that using reliable AI tools for assistance is not "inherently improper."
- The attorneys were instructed to inform the implicated judges about the situation involving the fake cases.
- Levidow, Levidow & Oberman told Forbes they would comply with the court's order but respectfully disagreed with the accusation of acting in bad faith.
- Schwartz admitted in May to using ChatGPT for research in a client's personal injury case and said he unintentionally included false citations.
Zoom out: - The incident further raises concerns about overreliance on AI, especially in the legal and tech communities.
| | | |
| |
|
| 3 | | Nearly half of top technology officers surveyed consider AI as their top budget priority for the coming year, according to a CNBC Technology Executive Council member survey. The bi-annual poll also found that just under half of the executives believe that breakthroughs in areas like generative AI will create more jobs than they eliminate. More: - The survey further highlights that AI surpasses cloud computing as the top priority for tech spending at many companies.
- AI budgets are more than double that of cloud computing, the runner-up.
- AI investments are accelerating for nearly two-thirds of respondents, despite a slight overall spending slowdown caused by rising interest rates, according to the survey.
- The survey mentions various applications of generative AI, including writing patient safety reports, enhancing CRM, removing bias from job descriptions, and creating marketing images.
- The CNBC survey of top executives across tech sectors was conducted from May 15 to June 20.
| | | |
| 4 | | YouTube is testing an AI-powered dubbing tool called Aloud, allowing creators to dub videos in multiple spoken languages. Aloud was developed by Google's Area 120 in-house incubator. More: - Aloud transcribes the video, allowing for review and editing, and then translates and generates the dub.
- Currently being tested with hundreds of creators, Aloud offers free dubbing services in English, Spanish, and Portuguese, with more languages to come.
- YouTube plans to enhance the tool further, making translated audio tracks sound more like a creator's voice, with improved expression and lip sync.
- The availability of Aloud's dubbing tool for a wider audience has not been announced yet. Users can join a waitlist for eventual access.
| | | |
| A message from our sponsor, RYSE. |  | | Amazon Bets Big on Smart Homes, You Can Too Ring 一 Acquired by Amazon for $1.2B
iRobot 一 Acquired by Amazon for $1.7B Amazon’s investments have resulted in significant returns for early investors in these companies - so, which area of the smart home is next? RYSE is a tech startup poised to dominate the Smart Shades market, and their exclusive public offering of shares priced at just $1 is closing soon. They are filling in one of the last missing pieces of the smart home, with: - Proven Demand: RYSE has sold over $7M of product to date!
- Cleantech Solutions: Awarded $4M in grants owing to their product’s potential to lower cooling costs by 24% and lighting costs by 74%.
- Consistent Returns: Shareholders have seen their share price increase 40% YoY, with significant upside remaining as RYSE prepares to launch in over 100 Best Buy stores.
Invest in the missing piece of the Smart Home. Learn More | |
|
| 5 | | The U.K. government is investing £21M ($26.75M) in National Health Service (NHS) trusts to accelerate the adoption of AI tools in hospitals. The newly launched AI Diagnostic Fund focuses on deploying AI imaging and decision-support tools to diagnose and treat heart conditions, cancer, and strokes. More: - The government aims to implement AI tools across all NHS stroke networks by the end of 2023.
- It plans to deploy AI for the analysis of chest X-rays to detect early signs of lung cancer, a leading cause of cancer-related deaths in the U.K.
- NHS Trusts would be able to apply for the use of any AI diagnostic model that would justify the spend
- The agency seeks image recognition tools that diagnose heart conditions, cancer, and strokes.
- The U.K. government previously set up a £100M fund for startups to develop AI applications for healthcare and education, among other areas.
Want more stories like this? Subscribe to our Inside Venture Capital newsletter. | | | |
| 6 | | Weekly roundup — Other top AI stories you might have missed this week: - On Tuesday, President Biden held a meeting with AI experts in San Francisco to address the risks associated with the technology. Biden emphasized the need to manage AI's risks to society, the economy, and national security.
- Marvel's "Secret Invasion" series faced a backlash for using AI technology in its opening title sequence. Directed by Ali Selim, the show's sequence was created by Method Studios using undisclosed AI tools.
- Senate Majority Leader Chuck Schumer (D-N.Y.) is leading an effort to establish new U.S. regulations on AI. On Wednesday, he introduced his "SAFE Innovation framework" for developing comprehensive AI legislation, outlining ways to "protect, expand, and harness AI's potential."
- Meta unveiled Voicebox, an AI model that generates synthetic voices from text prompts. The model was trained on a diverse dataset of more than 50,000 hours of unfiltered speech from audiobooks, including in different languages.
- The Recording Academy has announced that only human creators and not AI technology are eligible for Grammy Awards. However, music created with the help of artificial intelligence can still qualify in certain categories, according to the academy.
- ChatGPT creator OpenAI plans to launch an AI model "app store," according to The Information. The platform would allow businesses to sell their customized chatbots to other companies.
- U.S. job postings related to generative AI, the technology behind ChatGPT and Stable Diffusion, surged by 20% last month, according to Indeed. The data revealed that there were 204 GA-related job postings per million listings, more than double the figure from 2021.
| | | |
| 7 | | Quick Hits: - Combine traditional project management with your docs, knowledge base, and AI.*
- Sony has appointed former BPI CEO Geoff Taylor as executive vice president of AI.
- Kleiner Perkins led a $25M Series B funding round into AI-powered video creation platform Captions.
- British voice AI startup ElevenLabs raised $19M in Series A funding led by Andreessen Horowitz, Nat Freidman, and Daniel Gross.
- Texas-based crypto miner Applied Digital (APLD) secured a $460M AI cloud computing hosting deal.
*This is sponsored content. | | | |
| Upcoming Events | | | | | JUN
29 | | Inside.com Book Club - Automate Your Busywork (June 2023) | | | | | | * This is a sponsored event | | | |
Term of the Day Commercial real estate: Commercial real estate (CRE) is property used to generate profit through capital gain or rental income. Question of the Week How do you feel about the phrase "The customer is always right"? Join the conversation |
INSIDE AI LEADERBOARD (7 DAYS) |
 | AI and technology writer | | 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. | | This newsletter was edited by Aaron Crutchfield | |
| |
 | Invest in Fine Wine and Rare Spirits. | |
|
| |
|
| |
Comments
Post a Comment