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- What Big Tech critics have wrong about AI 🙅
What Big Tech critics have wrong about AI 🙅
NVIDIA surpasses Apple, US regulators investigate big tech, new perplexity feature, and more!
Everyday AI
June 06, 2024
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Outsmart The Future
Today in Everyday AI
7 minute read
🎙 Daily Podcast Episode: Critics of AI aren’t helping to reduce misinformation around the GenAI space. How can we set the record straight? We have an expert separate fact from fiction. (And a free lil gift at the end!) Give it a listen.
🕵️♂️ Fresh Finds: Google updates NotebookLM, Mistral launches AI model fine-tuning and what Ashton Kutcher thinks about OpenAI’s Sora. Read on for Fresh Finds.
🗞 Byte Sized Daily AI News: NVIDIA surpasses Apple in market cap, US regulators team up to investigate big tech and Elon Musk selects a home for xAI’s supercomputer. For that and more, read on for Byte Sized News.
🚀 AI In 5: This new Perplexity feature gives you insightful data and allows you to visualize just about anything. See it here
🧠 Learn & Leveraging AI: Here’s what you should keep an eye out for when it comes to GenAI and cyber security. Keep reading for that!
↩️ Don’t miss out: Did you miss our last newsletter? We talked about the latest on OpenAI & Apple’s partnership, Musk explains why he moved NVIDIA chips, Pika raises $80M, Perplexity Pages overview and AI in medical trials. Check it here!
Big Tech's Critics Have Gotten a Lot Wrong on AI 🙅
Is there so much misinformation about AI that it's slowing the advancements in.... AI?
How can we set the record straight on Artificial Intelligence, push fear-mongering aside, and ethically put it to use?
David Moschella, Nonresident Senior Fellow at the Information Technology and Innovation Foundation, joins us to discuss misconceptions of AI and how we can ethically use it.
Join the conversation and ask Jordan and David questions on AI here.
Also on the pod today:
• Big Tech and AI misconceptions 🤥
• Job predictions and future of work 💼
• Significance of AI in daily life 🤖
It’ll be worth your 34 minutes:
Listen on our site:
Click to listen
Subscribe and listen on your favorite podcast platform
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Here’s our favorite AI finds from across the web:
New AI Tool Spotlight – FlowMapp gives you AI website planning, databutton helps you build your SaaS product and Falcon AI is a project management companion.
Big Tech – Google has updated NotebookLM to be powered by Gemini 1.5 Pro, along with other changes.
Saleforce AI — Salesforce is opening a new AI center in the UK as part of a $4 billion investment.
Trending in AI – Ashton Kutcher has received early access to OpenAI’ Sora and he thinks it’ll change Hollywood.
LLMs - Mistral has launched a new service that lets customers fine-tune its models.
AI Data – DuckDuckGO has launched private AI chats, which allow you to use AI models anonymously and without data training.
Read This – This study found that AI models can hold opposing views on controversial topics.
1. NVIDIA Surpasses Apple in Market Cap Race 🤖
NVIDIA’s incredible $3.019 trillion market cap milestone after a 5% surge has dethroned Apple, positioning itself just behind Microsoft in the market cap ranking. The chipmaker’s AI dominance, with an estimated 80% market share in data center chips, has investors cheering.
Meanwhile, Apple’s growth struggles, highlighted by a 4% drop in overall sales and a 10% decline in iPhone sales, have opened the door for NVIDIA’s ascent.
2. US Antitrust Regulators Team Up to Investigate AI Giants 👀
U.S. antitrust regulators, the Department of Justice (DOJ) and the Federal Trade Commission (FTC), have agreed to jointly investigate the AI activities of Microsoft, OpenAI, and NVIDIA. The DOJ will lead the investigation into NVIDIA, while the FTC will focus on Microsoft and OpenAI. Microsoft's investments in OpenAI and its deal with Inflection AI are part of the FTC's scrutiny.
3. Meta in Trouble Over AI Data Training without Consent 🤯
Meta is under scrutiny for its plan to utilize users' personal data for AI training without seeking consent, leading to backlash from privacy advocates. The advocacy group NOYB has taken a stand against Meta's new privacy policy changes, which are set to come into effect on June 26, raising concerns about the misuse of personal posts and private images for AI technology development.
Despite Meta's claims of compliance with privacy laws, NOYB founder Max Schrems has criticized the company for disregarding previous court rulings and attempting to shift responsibility onto users.
4. Elon Musk Selects Memphis as Home for xAI Supercomputer 🛒
Elon Musk's AI startup, xAI, has set its sights on Memphis, Tennessee, to establish the world's largest supercomputer factory. Ted Townsend, president of the Greater Memphis Chamber, revealed that this move could mark the city's largest multi-billion dollar investment to date.
With plans to partner with Oracle and recent funding of $6 billion from investors like Andreessen Horowitz and Sequoia Capital, xAI is poised to shake up the AI industry.
5. Adobe Unveils Game-Changing AI Assistant for Brands 🎮
Adobe has announced the general availability of the Adobe Experience Platform (AEP) AI Assistant, a tool that empowers brands to enhance productivity and streamline workflows. This innovative AI assistant offers a wide range of capabilities, including product expertise, content generation automation, and predictive insights, all aimed at driving value for organizations.
Perplexity Cards: How to (kinda) use them and how they help
This new Perplexity Cards feature is super useful!
BUT they’re kinda hard to trigger.
If you can get it to work, it gives you insightful data and allows you to visualize just about anything.
We show you how to use it!
Check out today's AI in 5.
Or see this related video:
🦾How You Can Leverage:
AI: The boogeyman of our digital age?
Critics say it’ll replace us, or worse, control us.
Others? They think it’s just tech fluff.
But here’s the twist: They’re both off the mark.
Today, we’re joined by David Moschella, a seasoned tech veteran and Senior Fellow at the Information Technology and Innovation Foundation. (In other words, a seasoned tech vet with decades of experience.)
David is here to break down why AI’s critics are missing the point.
He’ll reveal how AI is more about collaboration than replacement, and why fears of job loss are largely overblown. Plus, we’ll dig into how AI can actually solve some of our biggest challenges, from healthcare to infrastructure.
Curious to know what the critics got wrong and why AI is our ally, not our enemy?
Let’s dive into David’s eye-opening perspectives.
Let’s gooooooooo
1 – The West needs AI to stay ahead. 🌎️
Yeah, we’ve got an international audience here at Everyday AI. (Thanks y’all!)
But, many of us (our crew included) are from the U.S. And when it comes to the West’s ability to be a worldwide leader, you can’t do that without AI, David said.
We’ve gotta embrace AI like our future depends on it—because it actually does.
David painted a picture of AI not just as a cool new tech toy, but as a lifeline for tackling big challenges like aging populations and economic shifts.
Imagine AI helping us innovate in healthcare, boost our energy efficiency, and even manage our cities better.
Generative AI can be the key to that future, but only with ongoing advancements in the tech and without overarching legislation or overbearing regulation.
The AI’s gotta run free y’all.
Try this:
Just how important is AI technology to the U.S. (and the rest of the Western world) staying ahead of international competitors jostling for the top spots? It’s pretty much a top tech priority.
That’s not just us shooting steam as AI enthusiasts. Nope.
Take this study from Thomson Reuters, which is part of a three-part series that shows how important AI is when it comes to a worldwide economic outlook.
2 – AI won’t take every job from humans 💼
Ah, the hot-topic of the 2020s.
Will the big bad machines take our jobs?
(We’ve already given you our take on this.)
David said it’s the same old story we've been hearing since the industrial revolution.
Remember the Luddites and their fear of textile mills? People have always worried that technology would eliminate jobs.
But guess what?
The economy adapts, expands, and new kinds of work emerge.
And as AI systems become more popular and powerful, the loud mumbles of people worried about AI replacing them will only get louder.
Because people have been worried about machines taking their jobs since, well, forever.
David reminds us that while there’s always a period of adjustment, the economy adapts and new jobs pop up.
Try this:
We loved this take from David: he said it may be best that some jobs be replaced by AI.
Aside from an aging population, he pointed out that we face declining birth rates and mass migrations, which can leave gaps in the workforce. AI and robotics can help fill these gaps, ensuring that essential services and industries continue to operate smoothly.
For a balanced view on how AI is reshaping the job market, check out this article from the World Economic Forum that tackles the question of if there will be enough future jobs with AI on the roster.
3 – AI Isn't New, Critics Are Misguided 📜
Most people have been snoozing on AI.
Like….for decades.
Many critics who either quickly dismiss or haphazardly go all-in on AI aren’t informed. David debunked the myth that AI is some brand-new disruptor. From neural networks in the 1940s to today’s advanced applications, AI has been evolving for decades.
You think the first AI chatbot was ChatGPT?
Nope. Try ELIZA from the 1960s.
Critics who view AI as a sudden, disruptive force are missing the historical context of its gradual development. Understanding this history helps in appreciating the current capabilities and future potential of AI without succumbing to exaggerated fears.
Try this:
Get a (metaphorical) grip on AI’s history to better understand its trajectory. Read up on how AI has evolved over the decades and how it’s been integrated into various industries. This knowledge will help you separate hype from reality and make more informed decisions about AI’s role in your life and work. For a comprehensive history of AI, read this article from the BBC.
Bonus — go check out David’s new book on AI and tech disruption, and we got a free hook up for y’all. You can go download and read the entire chapter on AI fo freeeeeee right here.
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Numbers to watch
$4 Million
AI startup Greptile has raised $4M to build an AI-fueled code base expert.
Now This …
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