Google shelves Gen Z AI app

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Today we will discuss-

• 🤩Nasdaq plans on using generative AI to fight fraud

• 😎Canadian judges require transparency on AI use

• 😩Google shifts its focus away from Gen Z chatbot app

• 😱11 fantastic AI tools you might not have heard of

All this and more - Let's dive in!

👨‍🍳What’s cooking in the newsroom

Nasdaq engineers planning to embrace generative AI to detect financial crime

📻News - Engineers at Nasdaq are exploring how to use generative AI to fight financial fraud, according to Executive Vice President and Chief Information Officer Brad Peterson.

He revealed, one unit at Nasdaq ran a collaborative engineering event, or "hackathon," to explore how to incorporate generative AI into its product for fighting financial crime.

Brad says the technology could be used to create investigative reports, and the division, known as Verafin, has also used AI to address wire fraud and spot doctored checks.

🧐What were the key points Brad highlighted?

• Lawyers at Nasdaq are taking a cautious approach to the technology. They are working to understand the legal risks associated with AI and to develop policies and procedures to mitigate these risks.

• Further, employees who want to use AI tools at Nasdaq must first register with the company and complete training on how to use the tools safely and responsibly.

• More engineers at Nasdaq have asked for permission to use AI tools than lawyers have.

Overall, Nasdaq is taking a proactive approach to the use of AI. The company is not banning AI tools outright but is instead requiring employees to use AI in a safe way.

Canadian judges make their opinions known about the use of AI in legal submissions

☕News - At least two chief justices in Canada have issued directives requiring lawyers to disclose to the court if they use artificial intelligence for legal submissions.

This is because there are concerns about the reliability and accuracy of information generated from AI, and the judges want to ensure that all parties involved in a case are aware of how AI is being used.

😐Any restrictions on the use of ChatGPT? As per Yukon Supreme Court Chief Justice Suzanne Duncan, there is no regulation at the moment on the use of ChatGPT or any kind of new AI tool.

Chief Justice Duncan opined that the increasing number of self-represented litigants adds another layer of complexity to the use of AI tools in litigation. These litigants may not have access to the same resources as lawyers, such as long-standing databases. As a result, they may be more likely to rely on AI tools, which could lead them to make poor decisions.

Meanwhile, the Canadian Judicial Council (CJC) is developing guidelines over the next few months to help judges understand and address the potential risks and benefits of using artificial intelligence tools in litigation.

Google reshuffles AI priorities, puts on hold chatbot app for Gen Z

📰News - Google was working on an artificial intelligence-powered mobile chatbot app called Bubble Characters for Gen Z users. However, the company has now shelved its plans for the app, which featured interactive digital characters. The app was reportedly deprioritized amid an internal reorganization at Google.

The company had been working on it since Q4 2021. The app was designed to have conversations that were indistinguishable from those of a human, and that would be engaging and relevant to Gen Z users. The conversations were powered by large language models, which are datasets of text and code that are used to train AI to generate human-like text.

🤡 What’s more? The company has prioritized ChatGPT competitor Bard within its Assistant organization, which works on virtual assistant applications and two-way conversations for a variety of platforms.

🤔But why has Google prioritized Bard over Gen Z app? Bard is a more mature project. It has been in development for longer than Zen G, and it is already being used in some Google products, such as Google Search. This suggests that Google is more confident in Bard's ability to succeed.

🔭What else is happening?

• Beijing emerges as a leading hub for China's Artificial Intelligence development

• IBM mulls using its own AI chip in new cloud service to lower costs

• OpenAI to use training data from Shutterstock for the next six years

• Anthropic releases Claude 2, its second-gen AI chatbot

• Indian IT services provider Wipro commits $1 bln investment into AI

🎲AI-based games

• AI Dungeon is a text-based adventure game that uses AI to generate stories. Players can input their actions and decisions, and the AI will respond with an appropriate continuation of the story. The game offers many genres and customizable settings, ensuring a personalized gaming experience.

• Screeps is a multiplayer online game where players build and manage their own colonies of AI-controlled workers. The game is constantly evolving as the AI learns and adapts to the strategies of its opponents.

• Cogmind is a roguelike dungeon crawler game where players control a robot who must explore a procedurally generated dungeon. The game's AI controls the enemies, traps, and other hazards in the dungeon, making each playthrough a unique challenge.

 🤯Discover mind-blowing AI tools

1. Hearbitz - A news platform that offers a multilingual and AI-powered listening experience

2. SitesGPT - A tool that allows users to create personal websites quickly and easily, without any coding required.

3. The Excuse Generator - A tool that uses AI to generate professional excuses

4. dotBRAND - An AI-powered tool designed to empower designers by helping them identify ideal clients

5. Bookclub - A book discovery website that offers recommendations from bestsellers, celebrities, and popular book series

6. CoverLetterWrite - Helps users write personalized cover letters

7. TuneTheAds - An AI-powered tool that helps optimize Google Ads campaigns

8. Unakin - Assists game developers in producing game prototypes more quickly and efficiently

9. Aspen - A no-code platform that allows users to build AI-powered web apps

10. Tales Factory - A tool that allows users to create personalized, fully illustrated, and narrated story books in seconds

11. Runpod - A cloud computing platform that provides users with access to GPU instances, serverless GPUs, AI endpoints, and free bandwidth

😱Historic moments

• 1921 - Karel Čapek, a Czech playwright, published his science fiction play "Rossum's Universal Robots" (R.U.R.). The play introduced the word "robot" to the English language and explored the concept of factory-made artificial people.

• 1927 - The German science fiction film Metropolis, directed by Fritz Lang, featured one of the first on-screen depictions of a robot. The robot, named Maria, was physically indistinguishable from a human and was capable of independent thought and action. This film holds significance because it lent inspiration to other famous non-human characters such as C-P30 in Star Wars.

• 1929 - Japanese biologist and professor Makoto Nishimura created Gakutensoku, the first robot to be built in Japan. The name Gakutensoku means "learning from the laws of nature," and the robot was designed to be able to learn from people and nature.