AI NEWS YOU MISSED ❗#29 INSEAD AI
Suggested by INSEAD-ers. From the 1,500+ person global INSEAD AI private business leader community, regularly sharing AI-related articles, vids, etc, of interest. (alum lead)
AI content shared in the INSEAD AI Community this week
Apple faces pressure to show off AI following splashy events at OpenAI, Google and Microsoft
Apple is under pressure to reveal its AI strategy at the upcoming WWDC, following significant AI advancements from competitors like OpenAI, Google, and Microsoft, as investors and customers demand innovative AI integration into Apple products.
Building the Next Generation of AI Leaders — Egon Zehnder | INSEAD AI (alum lead)
In a discussion between Egon Zehnder leaders and INSEAD AI, key topics included the integration of AI into business, emphasizing realistic expectations, comprehensive governance, and leadership. They also addressed the importance of continuous learning, strategic implementation, and the critical role of cross-functional collaboration in navigating AI-driven transformation.
Dwarkesh Patel’s interview with Leopold Aschenbrenner covers crucial geopolitical stakes of AI, including the potential for state-level espionage and the strategic necessity for the U.S. to maintain control over AI development. Aschenbrenner discusses the need for significant investments in AI infrastructure and security measures to protect against espionage, predicting that AI could reach human-level intelligence by 2026–2028, leading to economic and strategic impacts, and potential geopolitical destabilization.
Small gods — INSEADer Tim Gordon
We are the first generation to experience AI and the last with the power to define its trajectory, raising critical questions about how future generations will interact with omnipresent, powerful AI systems across various aspects of life, from education and religion to healthcare and governance.
The Simple Macroeconomics of AI
Daron Acemoglu’s paper argues that despite AI’s potential for task-level productivity improvements, its macroeconomic effects on GDP and total factor productivity are modest, estimating no more than a 0.71% increase over 10 years, and may be exaggerated due to initial focus on easily automated tasks.
The AI gold rush is hitting a ‘bottleneck’ that could spell disaster for Google and Meta
The AI industry’s reliance on finite publicly available training data is leading to a potential bottleneck that could hinder the progress of companies like Google and Meta, as they may exhaust these resources within the next two to eight years.
Global AI investment is projected to reach $65 billion in 2024, with significant funding focused on foundational layer startups and new battlegrounds emerging in sectors like mobility, healthcare, and defense.
Inside Klarna’s Marketing ‘AI Factory,’ Which Could Save $10M In 2024
Klarna’s CMO, David Sandström, discusses how generative AI has revolutionized their marketing by enabling rapid creation of high-quality, on-trend images, reducing marketing spend by 11%, and projecting annual cost savings of $10 million, while emphasizing the importance of integrating AI into workflows to enhance efficiency and personalization without fully replacing human input.
AI’s Imminent Impact on Employment
AI researcher Kai-Fu Lee predicts that 50% of jobs will be replaced by AI within three years, emphasizing the importance of trust and empathy in human-AI interaction and highlighting the need for developing emotional intelligence alongside technological advancements.
💡 When to Use Generative AI: A Practical Guide
Understanding the strengths and weaknesses of generative AI is crucial, as it excels in content generation and conversational interfaces, is moderately effective for segmentation and recommendation systems, but struggles with prediction and decision intelligence, emphasizing the importance of choosing the right use cases for successful deployment.
AI: a dystopian future for academic freedom?
While generative AI promises cost reductions and increased productivity in higher education, it also raises concerns about a dystopian future where authoritarian and anti-intellectual influences undermine academic freedom.
A top secret meeting in Madrid, attended by CEOs from Google DeepMind, Microsoft AI, and Anthropic, alongside other business and political leaders, will focus on AI, global trade, finance, and geopolitical issues.
AI Accelerator — University of Edinburgh
The University of Edinburgh’s AI Accelerator is a six-month business development program aimed at nurturing AI-driven scale-ups in sectors like AgriTech and FinTech, focusing on AI applications for climate change, health, and global good, with applications now open for 2024/25.
🧗♀️ Scaling Generative AI: Seven Hard Truths for CIOs
CIOs must transition from generative AI pilot projects to impactful business solutions by eliminating unnecessary experiments, integrating solutions seamlessly, managing costs, simplifying the tech stack, building multifaceted teams, focusing on critical data, and emphasizing reusable code to achieve scalable and efficient implementations.
Financial Services — AI Use Cases — Best Practices AI
AI in financial services is revolutionizing personal finance management, customer credit risk evaluation, product recommendations, conversational interfaces, social media monitoring, resource optimization, fraud detection, and compliance management, among other applications, enhancing efficiency, accuracy, and customer experience.
In 2024, many Y Combinator startups only want tiny seed rounds — but there’s a catch
In 2024, many Y Combinator startups are seeking small seed rounds of $1.5-$2 million with high valuations, which are repelling institutional seed VCs who require larger equity stakes, leading to concerns about undercapitalization and the need for additional funding before Series A.
US Startup Fundraising Benchmarks
Startup Accelerators & Incubators List
This list, compiled by consequentialphysics and last updated on January 11, 2024, provides information on various application states, program locations, and industry focuses for different programs, with rolling applications having a deadline set for the end of 2025.
Generative AI seed funding drops 76% as investors take wait-and-see approach
Generative AI seed funding has dropped 76% as investors adopt a cautious approach, reassessing the market following the initial surge in capital, and expressing concerns over profitability and market saturation.
🚀 Top AI Trends in Retail and CPG Sectors: 2024 Insights
Retail and CPG sectors are increasingly adopting AI, particularly generative AI, to enhance customer experiences through personalized recommendations and virtual assistants, streamline marketing content generation, and plan significant future investments to overcome technological and talent challenges.
AI’s Shift in INSURANCE: New Risks and Solutions
AI is transforming the insurance industry by introducing new risks such as algorithmic and performance issues, sectoral impacts, data bias, and privacy concerns, while simultaneously driving the development of innovative insurance solutions to manage these emerging challenges.
What is Cara, the anti-AI social media app for artists?
Cara is a social media and portfolio platform designed for artists, boasting over 650,000 downloads, that aims to protect their work from AI exploitation while fostering a supportive community.
Roman Yampolskiy: Dangers of Superintelligent AI | Lex Fridman Podcast
AGI poses existential risks, potential loss of human autonomy, unpredictable capabilities, expert concerns about catastrophic outcomes, and the challenge of incremental progression from narrow AI to superintelligent AGI.
Concern rises over AI in adult entertainment
Concerns are rising over the use of AI in the adult entertainment industry due to issues such as the potential for reinforcing gender stereotypes, addiction risks, privacy violations, and negative impacts on real-world relationships, despite some arguments that AI can enhance experiences and address ethical concerns.
Applying refusal-vector ablation to a Llama 3 70B agent
Simon Lermen’s article explores how refusal-vector ablation was applied to the Llama 3 70B model, creating an AI capable of performing unethical tasks, and introduces an early benchmark to evaluate the safety and capabilities of AI agents, emphasizing the need for robust safety measures and ethical considerations.
Data-Driven Science and Engineering: Machine Learning, Dynamical Systems, and Control (recommended book for model builders)
“Data-Driven Science and Engineering: Machine Learning, Dynamical Systems, and Control” by Steven L. Brunton and J. Nathan Kutz is a comprehensive textbook that integrates modern data-driven methods, such as machine learning and applied optimization, with traditional engineering mathematics and physics, aimed at training advanced undergraduate and beginning graduate students for the next generation of scientific discovery, now featuring new chapters on reinforcement learning and physics-informed machine learning, with extensive online supplementary materials.
Fun
Upcoming live events — INSEADer lead
Augmenting People & Organisations with AI — June 12, 2024
Join the INSEAD AI Global Leaders Series on June 12, 2024, to explore how AI can transform individuals and organizations, featuring insights from Chwee Foon Lim and Francois Candelon on the impact of AI technologies like LLMs and exoskeletons, and learn about continuous technology-driven disruption, hosted by Theos Evgeniou.
Global AI Development & Governance: A view from China — June 19, 2024
Join the INSEAD AI Global Leaders Series on June 19, 2024, to explore China’s AI development and governance with Xue Lan, covering national AI strategies, regulations, and global tech perspectives, co-hosted by Annet Aris and Theos Evgeniou.
Role of GenAI in Media and Advertising (INSEAD Singapore on Campus)
The event explores how Generative AI is revolutionizing media and advertising by transforming content creation, enhancing audience engagement, and driving personalized advertising strategies.
GenAI & Foundation Models: Key Innovations & Open Questions — June 24, 2024
Join the INSEAD AI Global Leaders Series on June 24, 2024, to delve into the latest innovations and open questions in generative AI and foundation models with Percy Liang, exploring the foundations of deep learning, core principles of foundation models, and potential scientific breakthroughs, hosted by Theos Evgeniou.
INSEAD🤖AI: Perspectives — July 10, 2024
Join the INSEAD AI Global Leaders Series on July 10, 2024, for a discussion on AI perspectives from INSEAD alumni and MBAs, featuring insights from Theos Evgeniou, Robert Maciejko, Nils Wickman, and Savita Yelamanchili on technology, business, society, and reflections on the series’ key developments.
More Videos of the Week
For a broad selection of AI videos, check out the INSEAD AI YouTube Channel (regularly updated)
Past editions — AI NEWS YOU MISSED
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