An open letter to pause AI

Welcome to this week's edition of The AI Disruptor! This week, we're diving into some controversial topics in the world of AI, including an open letter from AI experts calling for a pause on all AI developments, and a discussion on whether advanced AI is a blessing or a curse for workers. But it's not all serious - we're also exploring how AI is tackling food waste and the exciting ways it's impacting the future of music. So sit back, grab a cup of coffee, and let's dive into the world of AI.

THE NEWSROOM:

🛑 “Pause all AI Now!” - An open letter from AI experts.

🍲 How AI is Solving Food Waste

📉 Advanced AI: A Blessing or a Curse for 300 Million Workers?

🎶 AI's Musical Revolution: The Future of Sound

AI-n't That Something

🛑 “Pause all AI Now!” - An open letter from AI experts.

Proceed with caution: Recently, over 1,000 AI and tech leaders signed an open letter calling for a pause in the training of AI systems more powerful than GPT-4.

The letter argues that AI systems with human-competitive intelligence pose profound risks to society and humanity, and that powerful AI systems should only be developed once their effects are positive and their risks are manageable.

Key Takeaways:

• The letter argues that AI systems with human-competitive intelligence pose profound risks to society and humanity.

• Powerful AI systems should only be developed once their effects are positive and their risks are manageable.

• AI labs and independent experts should use the pause to develop shared safety protocols for advanced AI design and development, audited by independent outside experts.

• Robust AI governance systems are needed, including new regulatory authorities dedicated to AI and liability for AI-caused harm.

So far 1769 signatures have been added. However, the letter has faced criticism as there is no verification process in place for signatories. Yann LeCun from Meta has denied signing the letter and strongly disagrees with its premise.

After reading the letter, I tend to agree, we are moving too fast, might be a good idea to take a breather. What do you think?

AI-generated models.

Levi Strauss has teamed up with AI company Lalaland.ai to create "tailored AI-generated models" for its denim products, in an effort to promote sustainability and diversity among its models.

However, critics have argued that the move is a poor substitute for actually hiring more diverse models, and that it is ironic for a company that claims to prioritize diversity, equity, and inclusion to use AI-generated models that do not reflect real people.

Some have also criticized the move in light of the company's recent layoffs, which saved the company $100 million. Critics argue that the company should invest in real diversity rather than "fake diversity" generated by AI. Creative workers' rights advocate Thom Binding said

"Levi’s using AI to generate 'more diverse models' instead of, you know, actually hiring more diverse models is exactly the kind of crap you’d expect from this industry,"

Read the original Press Release here

🐑 No more counting sheep: AI helps you sleep. 😴

Google AI is using machine learning algorithms to power sleep features on devices like Fitbit, Pixel Watch, and Nest Hub (2nd gen) to help users get better rest.

Check out the 6 ways Google AI is helping you sleep better

Deep Dive

🍲 How AI is Solving Food Waste

The grocery industry faces a major waste problem: 31% of food at retail and consumer levels is lost. Hungryroot is here to solve that problem.

Hungryroot is an online grocery and recipe delivery service that uses AI to reduce food waste and personalize the customer experience. The company's AI-powered platform fills customers' carts with grocery and recipe recommendations based on their food preferences, dietary goals, and family size. As customers edit their carts, the AI learns and becomes better with each visit.

Hungryroot also helps customers reduce their food waste footprint by recommending healthy groceries framed in recipes that show them how to make use of every ingredient they get. The company's AI allows it to have dramatically less waste not just at the consumers' homes but at its warehouses too, with one of the lowest food waste percentages in the industry at 2% [1]

Ben McKean, CEO & founder said:

“Since our AI knows about our customers' needs, preferences, and goals, we’re able to recommend healthy groceries framed in recipes that show them how to make use of every ingredient they get. With recipe support catered to households of all sizes, we’re reducing the chance that customers are left with half-bags of spinach that go to waste instead of being fully utilized. One of our customers even reported they’ve “only discarded one small potato, a stalk of asparagus, and two pieces of shaved brussels sprouts in the past year using Hungryroot.”

Full interview here

AI + Agriculture = smarter, sustainable farming”

With the world's population expected to reach 9.7 billion by 2050, the pressure on the food industry to keep up with the growing demand is immense. AI is helping to increase yields, reduce waste, and improve the quality and safety of our food supply.

Precision farming is one of the most exciting ways AI is being used in agriculture, allowing farmers to optimize crop yields and reduce waste. AI is also being used to improve food safety, and nutritional value, and to address the issue of food waste.

The role of AI in the food industry is only going to become more important, and the benefits of this technology will be felt by everyone, from farmers to consumers.

The availability of affordable internet-connected sensors enables farmers to capture and track operational data, whether it’s from the soil, equipment or livestock. That data can then help generate insights to apply precision agriculture or predictions farmers can use as they look to improve yields while conserving precious resources, including water.

Using AI technology such as Project FarmVibes.AI, it is possible to predict and plot the ideal amounts of fertilizer and herbicide required based on the level of soil nutrients, forecast temperatures and wind speeds across their fields, determine the ideal depth to plant seeds or irrigation needs based on soil moisture, and guide how different crops and practices can keep carbon sequestered in the soil.

Key Takeaways:

• Artificial intelligence (AI) is revolutionizing the agriculture and food production industry, transforming the way farmers and food producers operate.

• AI is being used in precision agriculture to monitor crop moisture, soil composition, and temperature, enabling farmers to increase their yields by learning how to take care of their crops and determine the best time to harvest them

• Robots are being used in the food industry to manipulate and produce various highly commercialized products, such as soft drinks, milk, and their derivatives

• AI is being used to sort food, which can help reduce food waste and improve food safety

• AI has the potential to provide key solutions to healthcare problems, saving millions of lives

Disruptor of the Week

📉 Advanced AI: A Blessing or a Curse for 300 Million Workers?

Goldman Sachs has released a report stating that generative AI has the potential to lose 300 million full-time jobs to automation. 😬 BUT, don't go pressing the panic button just yet! The report points out that while automation can lead to some job losses, history has shown that new opportunities tend to emerge as well.

Key Insights:

• With generative AI reaching half of employers, 7% of workers risk losing their jobs entirely within a decade.

• AI has the potential to automate 18% of the global workforce, boosting annual global GDP by 7% over 10 years.

• Administrative and legal jobs are particularly at risk, with AI capable of substituting 46% and 44% of these roles, respectively.

The impact of AI on the labor market is likely to be significant, but most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI

Read the full report here

AI has many people worried, but we have been through major technological advances in the past and have always found a way to adapt. As technology advances, businesses will need fewer employees, so we'll have to rely on new businesses popping up to keep employment rates up. So my advice, embrace, learn, and adapt. 😉

“AI won’t beat you. A person using AI will.”

✈️ Check-In to the Future: AI Takes Over the Travel and Hospitality Industry

AI in travel and hospitality market is expected to grow from $1.1 billion in 2018 to $7.8 billion by 2023.

AI is becoming an integral part of the entire travel and hospitality sector, from travel planning to hotel management.

AI-based solutions can help automate mundane tasks, provide personalized recommendations, automate customer service, and provide better security. The increasing adoption of AI-powered solutions in the travel and hospitality industry is expected to drive the growth of global AI in travel and hospitality market.

North America is expected to be the largest market for AI in travel and hospitality, followed by Europe and Asia-Pacific. The US is expected to be the major contributor to the growth of the market in the region, due to the presence of major players such as IBM, Microsoft, and Google**[1]**

Trends

be quiet! brings the AI revolution to the PC fan. See how it works here

3D-printed sneakers on demand! Madeium, a platform for creating physical and digital products, joined forces with Web3 tech provider Intertrust to bring a shake-up to the fashion and footwear industry.

The result? A new generation of athletes, designers and influencers can now design and sell their very own 3D-printed sneakers on demand. And there's more! The sneakers come with fancy embedded NFC tags and Intertrust's tech tracks secondary sales and royalties back to creators.

Enter Yxung, the first decentralized sneaker brand created on Madeium, that benefits from small-batch footwear production, and connects consumers with authentication at a swipe. It's like magic!

Money Moves

📈 Get in on the AI Action

AI may have been around since the 1950s, but it's still causing a stir among investing gurus who see it as the "next big thing" in tech. Interested in joining the hype train?

Check out the 12 AI stocks to investigate.

My top 3 Stock Picks:

• Nvidia (NVDA): Nvidia is a chipmaker that produces high-performance graphics processing units (GPUs) that power AI software and services. It also offers AI platforms and solutions for various industries and applications.

• Micron Technology (MU): Micron Technology is a chipmaker that produces memory and storage devices that power AI solutions. It also has a subsidiary that provides hardware and software for deep learning and neural networks.

• Palantir Technologies (PLTR): Palantir operates data mining platforms that use AI to help government agencies and businesses analyze large and complex data sets. It focuses on areas such as intelligence, security, defense, and healthcare.

💰 Companies pay big bucks for ChatGPT talent.

Some companies are offering high salaries, up to $335,000 per year, for "prompt engineer" positions! 🤯 which involves training others to use next-gen AI chatbots effectively.

These positions require expertise in ChatGPT and the ability to distill the essence of something into a limited number of words. While there are low-paying freelance opportunities available, those who excel in prompt engineering can earn huge salaries.

The market for prompt engineers is growing quickly, and expert prompt engineers can name their price. While it is unclear whether this trend will continue, earning a six-figure salary for writing chatbot prompts is an attractive alternative to losing one's job to AI.

Speaking of Prompts… If you are having a hard time writing better prompts or you are a Prompting ninja, Check out Promptbase.com where you can buy and sell all sorts of pre-made prompts for anything you are looking for!

AI Estate of Mind

👩🏽‍💼 AI won’t replace estate agents…

LuxuryProperty.com CEO Mark Castley believes that AI is enhancing the way they do business by doing the “heavy lifting”. By automating routine tasks, AI allows us to focus on providing personalised service and building lasting relationships with our clients.

One of the areas where AI is making a significant impact in Dubai’s real estate market is property valuation. Traditionally, property valuation involved a lot of manual work, such as visiting properties, taking measurements, and assessing the condition of the property.

However, with the advent of AI, property valuations can be done quickly and accurately using computer algorithms. This not only saves time but also provides a more objective and unbiased assessment of the property’s value. Another area where AI is making a significant impact is customer service.

AI-powered chatbots can quickly and efficiently answer common queries, freeing up human agents to focus on more complex tasks. This means that customers can get the answers they need quickly and easily, improving their overall experience with the real estate company.

🏠 AI Takes Over Real Estate: Top 5 Trends for 2023

Get ready for some major shake-ups in the real estate industry as cutting-edge technologies pave the way for the future. Here are 5 game-changing trends to keep your eyes on in 2023 and beyond:

Generative AI to create more accurate and detailed representations of properties,

Blockchain technology to create a more secure, transparent, and efficient peer-to-peer ecosystem for real estate ownership,

Decarbonization of real estate to reduce carbon emissions and make buildings more energy-efficient,

Contech to innovate the construction industry.

ESG (Environmental, Social, and Governance) principles to make real estate investments more sustainable and socially responsible.

Read more about the potential benefits and drawbacks of these trends and their impact on the real estate industry here

The Hustler's Handbook

Starting or growing a business can be challenging, and sometimes hard to find the tools and resources you need (which is why you need to subscribe to this newsletter) you can also head over to “Google for Startups” Google for Startups supports diverse startup communities around the world by providing tools, resources, and support at every stage of their journey, including success stories of startups leveraging AI for various purposes.

Coming up with a budget is an essential step to running your own business.

Learn how to use a “Rolling Budget” with Hubspot. What is a rolling budget you ask?

A rolling budget is like a plan that helps you know how much money you have and how much you can spend. It is a budget that is updated every month or every few months, so you always have an idea of how much money you can use. It's like a game where you plan how to use your allowance, and as you spend it, you update your plan so you know how much you still have left to spend.

AI presents a blue ocean opportunity. Watch this video for examples of how AI can be used in different industries and business problems, and how individuals can start their own AI businesses.

Tuned In

🎶 AI's Musical Revolution: The Future of Sound

In an article put out by Complex, they spoke to artists, AI experts, and music industry professionals to find out how artificial intelligence could impact music in the coming years.it discusses how creative AI could be the most disruptive technology for the music business since the Napster era of piracy.

Over 10 different music AI models have been released by independent researchers and big-tech companies like Google and ByteDance, allowing users to generate custom tracks in seconds using a mere text prompt. Thanks to off-the-shelf music AI tools like Boomy, hundreds of thousands of AI-generated songs are now listed on streaming services.

Generative AI tools for text and visual art like ChatGPT and Midjourney have picked up tens of millions of users, forcing us to rethink traditional notions of creativity, ownership, and attribution. The friction between having an idea and manifesting that idea in the form of creative work has essentially gone down to zero. Traditional music-industry notions of authorship and attribution will likely need to be thrown out the window with creative AI. The legal and regulatory landscape around generative AI is still so unpredictable that trying to make any future predictions right now is a futile effort.

The best music AI developers are building iterative feedback and collaboration cycles with artists into their day-to-day workflows. Novel approaches to licensing, monetization, and brand protection that are being experimented with right now with AI models prioritize direct artist consent and collaboration with developers as an ethical default (e.g., Spawning). Generative AI is coming for music, whether we like it or not.

Here are a few areas of impact:

• there will be a flood of mediocre, indistinguishable, unoriginal music

• music libraries and production houses will see the most change

• we may see a paradox movement back to an artist and originality focus for listener habits

• artists who most effectively use AI as part of their creative stack will ride a new wave.

The takeaway is to learn and adapt. Know who you are. The era of ‘creating for the algorithm’ may come to an end. How can you beat an advanced AI at that?

ToolBox

Stunnin - Build websites including copy & images in 30 seconds**.** - (link)

Sunsama - A d****igital daily planner helps you feel calm and stay focused - (link)**

Pico - Use GPT4 to instantly build simple, shareable web apps. (link)

60 sec site - Create a custom landing page for your app in 60 seconds. (link)

Lala.ai - Extract vocals and various instruments from any audio and video (link)

Otter - AI meeting assistant that records audio, writes notes, automatically captures slides, and generates summaries. (Link)

Mixo - Create your MVP website in 10 seconds - (link)

Jasper - Write a blog post in seconds (link)

A Eye Candy

The Last Word

And that's a wrap for this week's edition of The AI Disruptor! We hope you enjoyed reading about the latest developments in AI and its impact on various industries.

Keep an eye out for next week's newsletter, where we'll bring you more exciting news and insights on how AI is changing the game.

Remember, embrace the power of AI and let it fuel your entrepreneurial journey. Cheers to building a brighter future with AI!