EU Commissioner retorts back

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Today we will discuss-

• 😠EU Commissioner sends a strong message to AI Act critics

• 🎃UAE leads the way in AI adoption

• 🤢Australians are doubtful about the future of AI

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

All this and more - Let's dive in!

🥪What’s cooking in the newsroom

EU Commissioner defends AI Act against opposition from 150+ company executives

📻News - In a recent interview, EU Commissioner Thierry Breton defended the AI Act against critics from more than 150 companies, including Europe's largest firms like Siemens, Airbus, and Renault.

Breton compared the AI Act to the introduction of driving licenses and speed limits in the early days of the car industry. He said that these regulations were initially opposed by businesses, but ultimately led to safer and more innovative products.

🤔What were the key points Breton discussed?

• Regarding AI, the commissioner confirmed that the AI Act is in the finalization process and will include tighter regulations for generative AI, such as ChatGPT.

• He stressed the importance of watermarking outcomes generated by generative AI and ensuring transparency in data usage. Watermarking is a way of embedding a unique identifier into a digital file, such as an image or a text document. This identifier can be used to track the file's origins and ownership.

• Breton further expressed a willingness to share the EU's experiences and collaborate with other countries on a global level. This is because the EU believes that there are shared values around the world when it comes to the safe and ethical use of AI.

Well, the EU AI Act is expected to be enforceable in about two to three months.

UAE plans to employ AI to drive digital transformation, says minister

📰News - The UAE is committed to embracing artificial intelligence solutions and tools across various sectors to accelerate the country's digital transformation. This was announced by Omar bin Sultan Al Olama, the country's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications.

Al Olama made the remarks during a meeting of the UAE Council for Artificial Intelligence and Blockchain held at the Ministry of Energy and Infrastructure in Dubai. He said that by embracing digital practices and harnessing the potential of technology, the UAE aims to forge new opportunities and design innovative models that lay the foundation for a sustainable economy.

😮How is UAE making a difference using AI?

• The UAE is one of the world's leading countries in AI adoption. In 2017, the UAE government launched its National Artificial Intelligence Strategy. With this initiative, UAE aims to be the world leader in AI by 2031 and expand the use of AI across sectors like education, energy, transportation, space, and technology, among others.

• The country is also developing new industries. For example, the UAE is using AI to develop autonomous vehicles, smart cities, and healthcare applications. It is also home to a number of AI startups that are developing innovative new products and services.

The majority of Australians are concerned when it comes to the future of AI: Study

☕News - A study conducted by the Australian National University (ANU), has found that Australians are relatively skeptical about the future of artificial intelligence, and are more excited about other areas of science such as solar and wind energy.

Only 20% of Australians were more excited than concerned about AI. The most common response, given by 45.4% of Australians, was that they were equally excited and concerned. The remaining 34.4% were more concerned than excited.

🤔What’s more? The study also found that just 17.4% of Australians think AI will create more jobs than it eliminates.

Lead author Prof. Nick Biddle said the findings suggest that Australians are "more likely to see AI as a potential threat than an opportunity."

The research looked at Australians’ interest in all aspects of science, as well as their knowledge, concerns, and views on science, scientists, and science policy.

It was based on data collected from approximately 4,500 Australian adults as part of the ANUPoll series of surveys conducted in April 2023.

🕵️‍♂️What else is happening?

• China to create a national standard for Large Language Models to regulate AI

• AI will make games 'Faster, Cheaper and Better': Unity CEO

• Robots assure they won't steal jobs, express optimism about their role

• AI has the potential to send Bitcoin's price over $750K: Former BitMEX CEO Arthur Hayes

• Retail robotics startup Telexistence raises $170M

🤩Interesting facts about AI

• A McKinsey survey found that the number of companies using artificial intelligence in at least one function within their organization increased to 56% in 2021, up from 50% in 2020.

• As per Statista, Global revenues from AI for enterprise applications are projected to grow from $1.62B in 2018 to $31.2B in 2025.

• Management consulting company Gartner predicts that by 2025, more than 75% of venture and seed capital investors will use AI and data analytics to gather information.

• In 1980, John Searle proposed a distinction between weak AI and strong AI. Weak AI refers to systems that can perform a specific task, such as playing chess or Go, but do not have general intelligence. Strong AI, on the other hand, refers to systems that are capable of general intelligence, similar to that of a human being.

 💥Discover mind-blowing AI tools

1. BrewNote - An AI-powered tool that allows users to upload their interview recordings and receive high-quality notes

2. Maths.ai - An online platform designed to assist users in solving various mathematical problems

3. Deep Agency - Provides virtual photo studio services that allow users to create professional photos from the comfort of their own home

4. Spellmint - An AI-powered planning tool that helps teams streamline their decision-making process

5. AI Wall Decor - An online platform that allows users to create unique artwork using artificial intelligence

6. Airgram - A meeting management tool that helps users record, transcribe, summarize, and share meeting conversations

7. Dewey - An AI accountability buddy that helps users stay organized and productive

8. AiPassportPhotos - An AI-based photo resizing tool that generates passport, visa, and ID photos by automatically detecting human faces

9. AnimeAI - An online service that uses AI to generate personalized anime-style pictures from user-uploaded photos

10. Childbook - An online tool that allows users to create personalized children's books

11. Notably - An AI-powered research platform that helps users analyze and understand research data more efficiently

12. CodeSquire - A code-writing assistant for data scientists, engineers, and analysts

13. AudioPen - Simplifies the transcription process by automatically converting your spoken words into clear, concise text

🌟Mythbuster

Myth - AI algorithms can process any data

Fact - The myth that AI algorithms can process any data is simply not true. AI algorithms are trained on specific datasets, and they can only process data that is similar to the data they were trained on. For example, an AI algorithm that was trained on a dataset of text documents will not be able to process images or audio files.