Stanford AI report

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To make things easy and enjoyable for you, we've broken down our newsletter into 3 main categories:

๐ŸŒŸ 3 Must-know AI Breakthroughs

๐Ÿš€ 3 AI Tools to Skyrocket Productivity

๐Ÿ˜ฎ 2 FUN AI innovations

๐Ÿ’ผ๐Ÿค‘ 1 AI-powered Side Hustle You Can Start Today:

Watch it ๐Ÿ‘‡

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Today's Scoop:

๐ŸŒŸ 3 Must-know AI Breakthroughs

๐Ÿ’ฐ๐Ÿ“ˆ Bloomberg's AI Model BloombergGPT outperforms other Models in financial tasks with proprietary data training

Bloomberg has unveiled its own AI language model, BloombergGPT, which leverages the company's extensive proprietary financial dataset to significantly outperform other models in tasks such as sentiment analysis and data analysis. While the model was trained using the 363 billion token dataset from the Bloomberg Terminal, it also includes the infamous Enron emails. As more companies build their own tailored AI models using proprietary datasets, Bloomberg's approach could be a game-changer for the finance industry๐Ÿš€

๐Ÿ‡ฎ๐Ÿ‡น๐Ÿค” Is Italy cracking down on English use because English is quickly becoming the new hottest programming language for AI? Or are they just trying to make us brush up on our Italian?

Italy's Prime Minister Giorgia Meloni's party has proposed legislation that could impose fines of up to โ‚ฌ100,000 on anyone who uses foreign words in official communications. The bill prohibits the use of English in official documentation and requires anyone in public administration to have written and oral knowledge of the Italian language. The legislation also mandates Italian as the primary language in offices that deal with non-Italian-speaking foreigners. The Culture Ministry would establish a committee to monitor the correct use of the Italian language and its pronunciation. The move to safeguard the Italian language follows the government's bid to protect the country's cuisine by introducing legislation to ban synthetic or cell-based cuisine.

๐Ÿค–๐Ÿ“ˆStanford's 2023 AI Index Report: The State of Artificial Intelligence Revealed!

  1. Industry dominates academia in producing machine learning models ๐Ÿญ

  2. AI performance improvement on benchmarks is marginal; comprehensive benchmarking suites released ๐Ÿ“Š๐Ÿ“‰

  3. AI has environmental impacts, but new models like BCOOLER can optimise energy usage ๐ŸŒ๐Ÿ’ก

  4. AI models accelerate scientific progress in hydrogen fusion, matrix manipulation, and antibody generation ๐Ÿ”ฌ๐Ÿ’ฅ

  5. Incidents of AI ethical misuse increasing rapidly ๐Ÿ˜จ

  6. Demand for AI-related professional skills increasing across most US industrial sectors ๐Ÿ’ผ๐Ÿ‘จโ€๐Ÿ’ป๐Ÿ‘ฉโ€๐Ÿ’ป

  7. Private investment in AI decreased in 2022 for the first time in a decade๐Ÿ’ธ๐Ÿ“‰

  8. Companies that have adopted AI continue to perform better than those that haven't ๐Ÿ’ป๐Ÿ’ฐ

  9. Policymaker interest in AI is growing globally ๐ŸŒ๐Ÿ‘ฉโ€๐Ÿ’ผ๐Ÿ‘จโ€๐Ÿ’ผ

  10. Chinese citizens are most positive about AI products, while Americans are among the least positive ๐Ÿ‡จ๐Ÿ‡ณ๐Ÿ˜ƒ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ˜•

๐Ÿš€ 3 AI Tools to Skyrocket Productivity

1๏ธโƒฃ Firefiles.ai  helps your team record, transcribe, search, and analyse voice conversations.

2๏ธโƒฃ Stork.ai  Collaboration workspace for hybrid and remote human teams working asynchronously aided by Artificial Professionals.

3๏ธโƒฃ Meeple.ai analyses your sales calls, and generates personalised mini-sites that communicate the needs of your buyers, in their own words.

 

๐Ÿ˜ฎ 2 FUN AI innovations

๐ŸŽจ Nvidia canvas: Paint simple shapes and lines with a palette of real-world materials, like grass or clouds. Then watch in real time as the revolutionary AI model fills the screen with show-stopping results.

๐Ÿ—บ๏ธ Luma AI: a new way to create incredible lifelike 3D with AI using your iPhone. Easily capture products, objects, landscapes and scenes wherever you are. From your captures create cinematic product videos, impossible camera moves for TikTok, or just relive the moment, you can literally Teleport back into your memories! 

๐Ÿ’ผ๐Ÿค‘ 1 AI-powered Side Hustle You Can Start Today:

๐Ÿ“ฑData annotation services: Many companies need large amounts of data labeled or annotated for their AI models to learn from. You can offer your services to label or annotate data for these companies.

  • Determine the specific type of data annotation you want to specialise in (e.g. image, text, audio, video).

  • Research potential clients in industries that may need data annotation services, such as healthcare, finance, retail, and education.

  • Build a portfolio of past work to showcase your expertise to potential clients using platforms such as GitHub, Kaggle, or Medium.

  • Set up your infrastructure, including annotation tools and cloud-based storage, such as Labelbox, RectLabel, or VGG Image Annotator.

  • Market your services using social media platforms such as LinkedIn, Twitter, and Facebook, as well as freelance platforms such as Upwork, Fiverr, or Freelancer.

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