Whilst everyone fears AI inflation, Payden & Rygel sees exactly the opposite. The cost of using AI equivalent to GPT-4 has fallen from $60 to $0.05 in two years. The asset manager warns that this “token deflation” could become a deflationary factor in the global economy. By Payden & Rygel With the deluge of inflation data published this month, we continue to hear inflationary fears related to data centre construction:…
By Julia Pastor In February, Anthropic, a start-up specialising in generative AI, refused, on ethical grounds, to grant the Pentagon unlimited access to its AI model, Claude. The firm insisted on a number of red lines being respected regarding the use of its technology for mass surveillance of US citizens and autonomous weapons. As well as branding it “radical left” and “woke”, Donald Trump ordered the cancellation of all its…
Juan Pedro Marín Arrese | A humble start-up company has dispelled the myth that AI development requires a substantial upfront investment. Spending only $5 million, it has achieved a better product than the leading semiconductor giants. Their shares sharply plummeted as investors realised that pouring so much money into their business proved too risky. A thorough reassessment of the expected returns has wreaked havoc on NVIDIA and other mega firms….
Banca March: The European Parliament approves the first regulatory standards for Artificial Intelligence. Europe becomes the first region to set fundamental rights and security standards for the dark side of this type of technology. It is expected to enter into force in May, although it is not thought it well be implemented until 2026. The regulation contemplates the classification of applications according to risk, in order to assign a series…
Banca March | The search engine Google has announced the launch of Bart, an artificial intelligence chatbot to compete with Open-AI’s popular ChatGPT. For the time being, the US multinational communications services company has opened access to the intelligent assistant to a limited number of users in the United States and the United Kingdom, in order to detect possible failures. Like ChatGPT, Bart is a chatbot that can be conversed…
Iberinform | Who will drive the digitalisation of the Spanish economy? That is the question that the Map of Artificial Intelligence in Spain prepared by Iberinform, in collaboration with AI-Network and BigData Magazine, tries to answer. The result is a business and educational ecosystem made up of 209 key players that will have a multiplier effect on the digitisation of our business network. According to the results, 161 Spanish companies…
Chris Gannatti (WisdomTree) |Artificial Intelligence (AI) is proliferating more widely than ever before, having the potential to influence many aspects of daily life. Crisis periods, like we have seen with the Covid-19 pandemic, are often catalysts for the deployment of new innovations and technologies more quickly. The power of AI is being harnessed to tackle the Covid-19 pandemic, whether that be to better understand the rate of infection or by tracing and quickly identifying infections.
Caixabank Research | To date, technological change has been key to the economic and social development of the human race. Despite this, the technological revolution that we are currently experiencing, with artificial intelligence (AI) at the helm, is a source of not only wonder but also some misgivings. These misgivings may be due to the new nature of the technologies of the future and the disruptive effects they could have on our economy and society. At the same time, these new technologies could be key to the revival of economic growth that is faltering so much in our European environment.
James Johnson (The Conversation) | The U.S. government, long a proponent of advancing technology for military purposes, sees artificial intelligence as key to the next generation of fighting tools.
A future in which machines are more intelligent than humans still seems the realm of science fiction. Just trying to use the voice search function on your smartphone might suggests this is the case, and that machines won’t be dominating the world for a long time to come.