AI Pulse #44: Company Replaces 60 Writers With AI To Cut Costs, Formation Bio Raises $372M for AI Drug Development, + MORE
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Latest Funding News
Issue #44 explore groundbreaking shifts in the industry. First, learn about a bold move where a company replaced its 60 writers with AI technology, aiming for efficiency and cost reduction. Then, we highlight Formation Bio, an innovative startup in AI-powered drug development, which just raised an impressive $372 million. Read on for these captivating stories and more!
Top Trending AI News
1. Company Replaces 60 Writers With AI to Cut Costs
Publisher: TechSpot
Published: 6/25/2024
AI replacing jobs: A writer’s team was fired for an AI, shifting from augmentation to full replacement, highlighting the precarious future of employment.
TAKEAWAYS
1️⃣ AI replaces a 60-person writing team.
2️⃣ AI’s role grows from aiding to replacing jobs.
3️⃣ Human edits make AI text seem natural.
4️⃣ Lone editor overwhelmed by AI’s monotony.
5️⃣ Calls rise for income support due to AI job loss.
2. US Record Labels File Copyright Lawsuit Against AI Music Firms Suno and Udio
Publisher: Wired
Published: 6/24/2024
Music giants sue AI firms Suno & Udio for copyright infringement, seeking up to $150k per work, alleging mass exploitation of artists’ works.
TAKEAWAYS
1️⃣ Music giants sue AI firms Suno and Udio.
2️⃣ Copyright claims seek $150,000 per work.
3️⃣ AI music said to mimic famous songs.
4️⃣ Labels want AI to license copyrighted music.
5️⃣ Lawsuits could shape future of AI music.
3. NBC Wins Over Al Michaels for Olympics AI Voiceover
Publisher: Vanity Fair
Published: 6/26/2024
Al Michaels, iconic sports announcer, approves AI to recreate his voice for Olympic recaps on NBC’s Peacock, showcasing AI’s potential and concerns.
TAKEAWAYS
1️⃣ Al Michaels: A Sports Broadcasting Icon.
2️⃣ Michaels Skeptical of AI Voice Clone.
3️⃣ AI Captures Michaels’s Voice Impressively.
4️⃣ Personalized Olympic Recaps by AI
5️⃣ Michaels Reflects on AI’s Impact.
4. DWP Algorithm Mistakenly Flags 200,000 for Potential Fraud and Error
Publisher: The Guardian
Published: 6/23/2024
UK’s DWP algorithm wrongly flags 200,000 for benefit fraud, wasting £4.4m on unnecessary checks.
TAKEAWAYS
1️⃣ 200,000 wrongly investigated for benefit fraud.
2️⃣ DWP algorithm flags two-thirds as false risks.
3️⃣ £4.4m wasted on unnecessary checks.
4️⃣ Calls for human-centered automation grow.
5️⃣ DWP’s AI use in benefits faces criticism.
5. Harvard Dropouts Secure $120M to Compete With Nvidia AI Chips
Publisher: CNBC
Published: 6/25/2024
Etched, a startup by Harvard dropouts, raised $120M to challenge Nvidia with Sohu, an AI chip focusing on transformers, betting big on the future of AI technology.
TAKEAWAYS
1️⃣ Nvidia’s market value hits $3 trillion.
2️⃣ Startup aims to rival Nvidia in AI chips.
3️⃣ Etched develops Sohu chip for AI.
4️⃣ Venture capital flows into AI chip firms.
5️⃣ Specialized AI chips could outpace Nvidia’s.
6. Apple Aims to Automate Half of iPhone Assembly Line Jobs
Publisher: 9to5Mac
Published: 6/24/2024
Apple aims to halve its iPhone line workforce in years, pushing automation despite obstacles and reducing assembly jobs.
TAKEAWAYS
1️⃣ Apple aims to cut iPhone line workers by half.
2️⃣ Automation to play bigger role in iPhone making.
3️⃣ Violent protests influence Apple’s automation push.
4️⃣ Apple’s partner work hours drop from 1.6M to 1.4M.
5️⃣ Apple’s machine upgrades cut assembly jobs.
7. Scientists Create Robot Face With Living Skin for More Human-Like Cyborgs
Publisher: New York Post
Published: 6/25/2024
Scientists develop self-healing, smiling robot skin to create human-like cyborgs, paving the way for advanced robotic interactions.
TAKEAWAYS
1️⃣ Scientists create a robot face with self-healing, living skin.
2️⃣ New robot skin smiles and feels like human skin.
3️⃣ Lab-grown skin could make robots more human-like.
4️⃣ Robot skin that repairs itself could change healthcare.
5️⃣ Robot smiles hint at future of human-robot interaction.
8. ChatGPT Misleads on Battleground Voting
Publisher: CBS News
Published: 6/25/2024
CBS finds ChatGPT often gives wrong voting info in US and abroad, despite OpenAI efforts to guide users to reliable sources. Microsoft, Google LLMs avoid election queries.
TAKEAWAYS
1️⃣ ChatGPT gives wrong voting info.
2️⃣ OpenAI aims to prevent election meddling.
3️⃣ Some ChatGPT answers improved over time.
4️⃣ Other LLM chatbots avoid election topics.
5️⃣ Experts urge caution with AI in elections.
9. Essential Cognitive Skill Lacking in More People, Psychologist Warns
Publisher: CNBC
Published: 6/26/2024
Tech reliance is eroding critical cognitive and social skills essential for success, warns psychologist Richard Davis.
TAKEAWAYS
1️⃣ Tech hurts critical thinking skills.
2️⃣ GPS reliance may lead to poor direction skills.
3️⃣ Social skills decline with phone use.
4️⃣ CEOs value problem-solving over tech-savvy.
5️⃣ Less phone use boosts brain health.
10. Wendy’s AI Flubs Just 14% Of Drive-Through Orders
Publisher: Futurism
Published: 6/23/2024
McDonald’s ends its AI drive-through test due to errors, like unwanted McNugget orders, while other chains face similar issues with customer and operational challenges.
TAKEAWAYS
1️⃣ McDonald’s drops AI after McNugget mishap.
2️⃣ Fast food AI often needs human help.
3️⃣ AI errors frustrate fast food customers.
4️⃣ AI in fast food raises privacy concerns.
5️⃣ CEOs push AI despite customer backlash.
AI Image of the Week
Prompt:
/imagine: 3D rendering of the entrance to an ancient wooden house in a dark brown color, with large arched doorways and rustic stone walls. The interior features old wood beams on one wall and a long table for dining, surrounded by chairs made from natural materials such as bamboo or rattan. On each side is a shelf holding vases and flowers. In front there is a small patchwork tile floor covered in rough textured stones
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