Stanford releases massive report on State of AI

Greetings readers, this is probably a long weekend for most so Stanford's state of AI report will make for some good reading. Meta's also confirmed that generative ads will be coming to the platform real soon.

As always if you enjoy reading our posts be sure to spread the word !

Here’s what we have lined up for you today -

1. Stanford’s 386-page report on the state of AI

2. Meta wants to use generative AI to create ads

3. ChatGPT wrote a pretty impressive HBS case study !

Stanford’s 386-page report on the state of AI

Stanford has just released a 386 page report on the state of the AI landscape. It might be long, but it’s relatively easy to follow. Here are some of the key takeaways from the report.

1. AI development is now primarily industry led, a shift from being academia led.

2. As AI models get bigger and more users are deploying AI, energy consumption has been rising steeply. We need more energy efficient AI hardware.

3. AI related incidents and controversies have increased 26 fold since 2012. As AI becomes more mainstream, it’s likely this number will rise.

4. Policymakers are scrambling to draft AI regulation, but it’s hard to keep up given the pace at which the industry is moving.

5. Depending on who you ask, public opinion on AI remains widely varied. 70%of China, Saudi Arabia and India see more pros than cons. Only 35% of Americans are just as optimistic.

6. Technical AI ethics are going to be hard to monitor and regulate. Techniques such as instruction tuning can help tackle these issues but are not foolproof. A poor ability to factcheck and AI systems’ ability to produce misinformation could perhaps be the biggest threat AI may possess.

There is lots more this report covers which is worth going through. It’s long but it’s fairly approachable for the non technical reader. Definitely worth taking a look at.

Meta wants to use generative AI to create ads

2022 was the year of the Metaverse for Meta. So much so that they changed their name from Facebook to Meta. Now they seem to be all in on AI.

Earlier in the year we discussed that Mark Zuckerberg had called for the establishment of a specialised AI product team whose sole job would be to ship AI products. According to Meta CTO Andrew Bosworth, the company expects to ship tools to create Ads that will use AI and help companies customise the same ad for different audiences.

“[I] expect we’ll start seeing some of them [commercialization of the tech] this year. We just created a new team, the generative AI team, a couple of months ago; they are very busy. It’s probably the area that I’m spending the most time [in], as well as Mark Zuckerberg and [Chief Product Officer] Chris Cox,”

The company hasn’t given up on its Metaverse efforts, in fact they believe that generative AI can accelerate the push to the Metaverse. This of course is their long term vision. In the interim boosting ad-revenue is the call of the hour, which is a significant portion of their revenue.

Generative AI in ads is not something that only Meta will pursue, we’ll see a lot of startups spring up. But it can’t be ignored that they have a leg up given their massive network effects. And while the promise of generative AI is massive in education, healthcare, drug discovery and worker productivity it only makes sense for Meta to go after the low hanging fruit first.

Around the industry -

1. Google says its AI supercomputer is faster, greener than Nvidia A100 chip

2. Cranium launches out of KPMG’s venture studio to tackle AI security

3. Snapchat adds new safeguards around its AI chatbot

4. Segment Analysis to identify unseen objects in images by Meta

5. India opts against AI regulation

6. Langchain, the LLM app builder of choice for developers raises $10million from Benchmark

Product Corner -

There are way too many cool products to showcase just one !

• Tomorrow : Turn forecast into weather intelligence

• Koe : Transform your voice using AI

• AIdeamap : Map your ideas and brainstorms

• SiteExplainer : Use AI to understand what any website is about.

• PromtxArt : Create custom prompts for the best results on platforms like Midjourney and Dall-E

• Rask : Localise videos in any 60+ languages

• Promptstorm : Better prompts to extract the best answers and interacts with ChatGPT

ChatGPT wrote a pretty impressive HBS case study

AI Image of the day - Mario in Mad Max ?

I thought he was friendly ?