THE artificial intelligence (AI) industry is a rapidly evolving space. Innovators, governments and everyone else currently have their attention fixed on AI-powered products and services. In many cases, AI can significantly improve business operations and our quality of life, but no revolutionary technology is without risks that can cause harm.
Here are some important events that took place in the field of AI last week:
Apple’s Siri gets an AI update
To his Worldwide Developers Conference on June 10, Apple (NASDAQ:AAPL) announced a partnership with OpenAI to bring new and improved AI features to its devices. OpenAI will be integrated into Apple’s Siri, the virtual voice assistant launched in 2011 that never gained popularity among users. Adding OpenAI’s capabilities to Siri could revitalize the voice assistant, giving users a faster and more efficient way to access ChatGPT and its outputs without needing to open or download ChatGPT on their phone.
Beyond the AI capabilities of the OpenAI partnership, Apple announced new AI Integrations what users can expect in the future. Rather than calling these additions “artificial intelligence,” Apple has dubbed them “Apple Intelligence.” Apple Intelligence will enable transcription of phone calls, AI photo editing, and enhancement of the natural flow of Siri conversations. The software can also summarize notifications, text messages, articles, documents and open web pages.
It remains to be seen whether Apple users will adopt OpenAI-enabled Siri and upcoming Apple Intelligence features. However, this partnership could benefit OpenAI more than Apple. With approximately 1.5 billion iPhone users, OpenAI will likely see a significant increase in its use of services through Siri. The more users an AI service has, the better it can train and improve its models based on user data.
Pope Francis addresses ethical use of AI at G7 summit
During the first G7 summit to which a pope was invited, Pope Francis delivered a message addressed to the use of artificial intelligence. At the heart of the Pope’s message to the G7 group was an emphasis on ethics and morality in the creation and use of AI systems. He urged lawmakers from the seven countries that make up the group – the United States, Canada, France, Germany, Italy, Japan and the United Kingdom – to ensure that AI remains focused on technology. ‘human, especially when making important decisions, such as when to use it. use weapons that he believes should be made by humans, not machines.
“We would condemn humanity to a hopeless future if we removed people’s ability to make decisions about themselves and their lives by condemning them to depend on the choices of machines,” he said. said. “We must guarantee and safeguard a space of adequate human control over the choices made by artificial intelligence programs: human dignity itself depends on it. »
This is not the first time the Pope has spoken about AI. In Decemberhe stressed the need for an international treaty to guide the ethical development of AI, highlighting the risks associated with technology “devoid of human values”.
The Pope’s latest announcement on AI highlights the need for world leaders to address AI in various public contexts. This signals to the world that they are aware of and actively managing the world’s cutting-edge technology and its potential societal impacts. Additionally, given AI’s current popularity, discussing it can bring more attention to individual platforms, which is often a goal for global thought leaders and lawmakers.
Will Nvidia’s 10-for-1 Stock Split Fuel Increased Investment in AI?
Monday, Nvidia (NASDAQ:NVDA), the dominant player in the AI chip market, conducted a 10-for-1 stock split. This means that for every share of Nvidia an individual owns, they now own 10 shares (e.g. if you owned 10 shares before the split, you would own 100 shares after the split); When a stock is split, the company’s stock price is also split by the same magnitude.
For two years, alongside the rise of artificial intelligence, valuations of computer chipmakers that make the chips that AI providers desperately need to train and run their models have soared. Nvidia, for example, is up 167% year to date.
With a 10-to-1 stock split, Nvidia is expected to continue its upward trend. Even though a stock split does not have a tangible impact on a company’s value, it can have a psychological effect on market participants. Buying Nvidia stock at its post-split price of $131 is less intimidating than buying a stock at $1,310. This will likely lead to an influx of individuals buying Nvidia, including newcomers who thought they couldn’t afford it at the pre-split price, which would further increase its valuation.
Meta forced to delay EU launch due to privacy concerns
Meta (NASDAQ:META) had to halt training of its developing AI robot in Europe after receiving a request from the Irish Data Protection Commission (DPC). The problem centered on Meta using personal data to train its major language models (LLM). Although Meta gave users the option to opt out of having their data used for this purpose, the DPC asked Meta to stop training its models with user data, and Meta complied.
Naturally, Meta isn’t happy about having to interrupt his training.
“This is a step backwards for European innovation, competition in the development of AI and further delays in bringing the benefits of AI to European citizens,” Stefano Fratta, director of the global commitment of Meta Privacy Policy, said. “Simply put, without including local news, we could only give people a second-rate experience. This means we are unable to launch Meta AI in Europe at this time.
This incident highlights The EU’s position on AI and its impact on businesses seeking to operate in the region. Because the EU is taking a more aggressive stance on residents’ personal data, tech giants, known for using customer data for various commercial activities, are often stifled and restricted when operating in the EU. This significantly affects AI companies, which need large amounts of data to train, test and refine their models. Over time, it will be interesting to see how these tech giants offering AI solutions adapt to EU AI law and whether they decide it is more beneficial to comply with regulations strict or not to be present in the EU.
For artificial intelligence (AI) to operate within the law and thrive in the face of increasing challenges, it must integrate an enterprise blockchain system that ensures the quality and ownership of the data captured, allowing it to retain data secure while guaranteeing its immutability. of data. Check out CoinGeek’s coverage on this emerging technology to find out more why enterprise blockchain will be the backbone of AI.
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