AI helps Ukraine

Reading time: 5 minutes  

 Newsletter | News | Tools 

Today we will discuss-

• 🤓United States highlights AI as a risk to the financial system

• 🤖Ukraine finalizes new plan for the growth of AI and chip industry

• 🕵️‍♂️Intel launches special kind of AI chip to compete with NVIDIA

• 😱13 amazing AI tools you might not have heard of

All this and more - Let's dive in!

👩‍🍳What’s cooking in the newsroom?

AI is a danger to the financial system, warns U.S. regulator for the first time

📻News - For the first time, the Financial Stability Oversight Council (FSOC) has identified artificial intelligence as a potential vulnerability to the U.S. financial system. This declaration, included in the council's annual report, represents a growing concern about the risks AI poses to stocks, bonds, and financial markets overall.

On Thursday, Treasury Secretary Janet Yellen, who chairs the FSOC, acknowledged the technology's potential while raising the alarm about its emerging threat to financial stability. She predicted AI usage by financial institutions and investors will continue to rise, prompting the council to closely monitor its potential market risks in the coming year.

🤔What more did she say? Despite acknowledging AI as an emerging threat, Yellen expressed confidence in existing regulations' ability to address the technology's risks. "Supporting responsible innovation in this area can allow the financial system to reap benefits like increased efficiency," she stated, "but there are also existing principles and rules for risk management that should be applied."

Yellen's stance echoes Gary Gensler's, head of the Securities and Exchange Commission and fellow FSOC member. Gensler previously warned that the lack of swift regulatory intervention to mitigate AI risks could lead to a financial crisis within a decade.

Ukraine sets out ambitions to speed up development of AI and chipmaking industry

📰News - Amidst the ongoing war with Russia, Ukraine has unveiled ambitious plans to transform itself into a high-tech hub, with a focus on developing its chipmaking industry and artificial intelligence capabilities.

This vision, dubbed "Win 2030," was presented by Digital Transformation Minister Mykhailo Fedorov and his deputy, Valeria Ionan, in a secure basement in central Kyiv.

What are the highlights of Win 2030?

• The initiative is driven by a sense of urgency, fueled by the ongoing conflict and the Ukrainian army's call for a technological breakthrough. Prime Minister Denys Shmyhal emphasized the critical role of innovation in securing victory, stating, "Without innovation, I am deeply convinced our victory is possible, but will take much longer."

• Fedorov, a close ally of President Volodymyr Zelensky, outlined plans for policy changes to stimulate tech growth, similar to the streamlined drone import and manufacturing regulations he implemented. He revealed the ongoing use of AI in Ukrainian military efforts, including guiding kamikaze drones and facial recognition of Russian soldiers.

• The Win 2030 plan sets ambitious goals for Ukraine's tech future. Ionan envisions Ukraine placing among the top 15 countries globally in microelectronics development and within the top 30 for unmanned vehicles. She expressed confidence in Ukraine's ability to contribute significantly to the European Union's target of capturing 20% of the global semiconductor market share by 2030.

Intel introduces new AI chip to give tough competition to NVIDIA and AMD

🗞️News - To race ahead in the chipmaking business, Intel, on Thursday, unveiled new computer chips including Gaudi3, an artificial intelligence chip for generative AI software. It will launch next year and will compete with rival chips from Nvidia and AMD.

This move signals Intel's aggressive pivot towards AI technologies. CEO Pat Gelsinger declared generative AI "the star of the show" and envisions "AI PCs" dominating the scene in the coming year. Core Ultra, Intel's new processor for Windows machines, will serve as the cornerstone of this vision, featuring a dedicated AI processing unit (NPU) for faster AI tasks.

⭐Interesting points to note -

• Gaudi3 faces stiff competition from Nvidia's H100, the current industry leader, and AMD's upcoming MI300X. Intel, however, boasts its expertise gained from acquiring Habana Labs in 2019. The company is known for its efficient AI chip designs, which could give it an edge in terms of power consumption.

• Intel's AI push reflects a broader trend in the chip industry. Major players like AMD and Qualcomm are also adapting their product lines to capitalize on the burgeoning demand for AI computing power.

• This shift towards AI-centric chips holds immense potential for various industries, from personalized healthcare and scientific research to automation and entertainment.

👩🏼‍💻What else is happening?

• Israel is using an AI system to find targets in Gaza, experts say it's just the start

• Spotify confirms test of prompt-based AI playlist feature

• Instagram introduces GenAI-powered background editing tool

• DeepMind AI outdoes human mathematicians on an unsolved problem

• U.S. lags on AI, unready for Pope Francis' global treaty, says Sen. Mark Warner

 🎸 AI-generated music

• Daddy's car by Sony CSL is a pop song that was composed using the AI system - FlowMachines. The song was created to capture the essence of the iconic music band, The Beatles, and has been praised for its upbeat rhythm, and catchy melody.

• Savages by AllttA is a hip-hop song written by American rapper and songwriter Mr. J. Medeiros. The song's distinct sound, engaging lyrics, and the use of AI to mimic Jay-Z's voice contribute to its appeal to fans of electronic and hip-hop music.

• Deliverance Rides by MetallicAI. This song is popular for its dark and intense AI-generated lyrics that fit the metal musical genre well and sound like they could have been written by a human artist, making it stand out among other AI-generated songs.

👩🏼‍🚒Discover mind-blowing AI tools

1. ChatDB - An AI-powered database assistant that eliminates the need for writing SQL queries

2. TranscribeAI - An AI-powered transcription tool for Mac that revolutionizes the process of converting audio files into text

3. Danelfin - A stock analytics platform that helps investors make informed investment decisions

4. Vert - A website builder and lead management suite designed for small businesses

5. Pinbot - Utilizes AI to enable users to privately search their browsing history with accuracy

6. Luxa - A product analytics tool that helps B2B product managers gather insights from customer sales calls

7. Hatchet - An incident response tool that helps on-call engineers quickly triage, investigate, and fix issues with critical services

8. Illa - It can summarize and answer questions based on a given piece of text

9. Runway - A content creation suite that provides powerful AI tools and real-time collaboration to help users create content faster

10. Feng My Shui - An AI-powered tool that generates images by combining Midjourney's models with other AI models

11. DetangleAI - An AI-based tool that simplifies complex legal documents into easy-to-understand summaries

12. NVIDIA Canvas - A tool that uses AI to turn simple brushstrokes into realistic landscape images

13. Rokoko - A variety of motion capture tools and services to enable users to create more realistic and immersive animations

📖AI-based book

• Our Final Invention by James Barrat - The book delves into the potential risks and consequences of advanced AI. It raises important questions about the coexistence of humans and highly intelligent AI, highlighting concerns about control, ethics, and the potential impact on society.

• The Sentient Robot by Rupert Robson - This book explores the idea of creating AI that possesses consciousness and the potential implications of such technology. The book's lead character, Felicity, is an artificial superintelligent being with human traits, values, and consciousness, allowing her to hold a uniquely advantageous stance in considering and formulating solutions for humanity's toughest problems, all while perceiving the world like us.

• Queen of Angels by Greg Bear - It is a Sci-fi novel set in the year 2047. The plot revolves around the use of advanced technology in the future which allows for the examination and manipulation of human thoughts and emotions. The book is known for its intricate plot, complex characters, and exploration of the potential consequences of merging human minds with technology.