India's unique AI vision

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Today we will discuss-

• 👩‍💼China and European Union discuss AI in detail

• 👩‍🎨India promises to make AI accessible to all

• 🕵️‍♂️Gen AI to shake up Australian economy, $600B at stake

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

All this and more - Let's dive in!

👩‍🍳What’s cooking in the newsroom?

China and EU hold talk on Artificial Intelligence and cross-border data flow

👲News - China and the European Union engaged in discussions covering various crucial topics, with a focus on artificial intelligence and cross-border data flows during talks held in Beijing on Monday.

🤝Why was this discussion important? The European Commission is concerned that recent changes to Chinese law may make it more difficult for EU companies to access and use their industrial data in China. This is significant because industrial data is becoming increasingly important for businesses of all sizes, and it is essential for developing and deploying AI technologies.

 👩‍💻What did China say? Chinese Vice Premier Zhang Guoqing said that China welcomes companies from around the world, including Europe, to participate in its digital economy and achieve mutually beneficial outcomes. The two sides agreed to promote an open, fair, and non-discriminatory environment for the development of AI and digital economy.

Well, on a side note, Chinese tech giants are racing to catch up with their US counterparts in the development of AI chatbots. The world's second-largest economy is expected to spend $15 billion (€13.5 billion) on AI projects this year, a nearly 50% increase from two years ago.

India wants to make AI accessible to everyone regardless of their circumstances

👩‍💻News - India, through its permanent representative to the United Nations, Ruchira Kamboj, has reiterated its vision of making 'AI for All.'

Not only does the nation recognize the central role of AI in the global revolution, but being the world's fastest-growing economy with the largest pool of skilled AI professionals globally, it projects that AI could contribute one trillion dollars to its economy by 2035.

👨‍🏫What’s the most interesting point? Kamboj explained that India remains committed to responsibly using AI for inclusive growth. This means India wants to use AI to create a more equitable and prosperous world for everyone, not just the wealthy or developed countries.

The country is investing in AI research and development, training people on how to use and develop AI, and also promoting the use of the technology in various sectors of its economy.

🔭But how does the country plan to turn its vision into reality?

• India is currently working on a National Data Governance Policy to balance data accessibility for innovation with safeguarding user privacy and security. This follows the country's unveiling of the National Strategy for Artificial Intelligence in 2018 and the launch of the National Artificial Intelligence Portal - 'INDIAai' in 2022.

• India has also established four Centers of Excellence in AI to support startups, drive innovation, and encourage collaboration.

Generative AI can shake up $600B of Australian economy, report finds

🏦News - According to a new report from consulting firm Deloitte, Generative AI can disrupt a $600 billion cross-section of the Australian economy.

The report found that Generative AI was already being used by many Australian businesses and organizations, and its adoption is expected to grow rapidly in the coming years. Some of the industries that are most likely to be disrupted by generative AI include financial services, ICT and media, education, professional services, health, and government services.

👩‍🎓What were the key findings of the report?

• The study discovered 58% of students reported using AI tools, compared to only 32% of employees.

• Despite the growing adoption of generative AI, most employees still have concerns about it. In the past year, the number of employees using generative AI increased from 10% to 35%, but 75% of employees are worried about cybersecurity risks associated with generative AI, and 73% are concerned about AI making errors.

• Despite the well-known risks of generative AI, 30% of businesses have not yet taken significant steps to prepare for its adoption.

• The report also found that employees who use AI to enhance their workflow could save more than five hours per week, making the four-day workweek a possibility.

👩🏼‍💻What else is happening?

• Israeli PM Benjamin Netanyahu and Elon Musk discuss the future of AI

• Google and Department of Defense collaborate on AI-powered microscope for cancer detection

• AI and machine learning can successfully diagnose polycystic ovary syndrome

• Microsoft AI researchers accidentally expose sensitive data

• Below-average performers benefitted the most from using AI, study reveals

🤖Did you know?

• Google Assistant is the most accurate voice assistant, with an accuracy rate of 98%. Amazon Alexa follows at 93%, while Apple Siri lags behind at 68%.

• Chinese scientists developed AlphaDog in 2021, a robotic canine that can do more than just be a pet. It can also help with tasks like delivering packages, serving food in restaurants, and assisting people who are visually impaired. AlphaDog uses 5G connectivity to operate independently.

• A study by Accenture found that using AI can reduce medical dosage errors, which could save lives and $16 billion in healthcare costs by 2026.

👩🏼‍🚒Discover mind-blowing AI tools

1. Magify.design - An AI-powered tool that streamlines the design process for designers by offering support for design systems

2. EVITA.ai - A personal singing coach that offers comprehensive vocal training, character analysis, and thespian insights

3. Landing-AI - Utilizes generative AI to create bespoke logos, illustrations, and captivating content for landing pages

4. Rewriteit AI - Enables users to easily and quickly rewrite written content while maintaining their unique voice and style

5. Bedrock - A serverless API that offers access to pre-built, foundational AI models from leading providers like Amazon

6. Galeby - An AI-powered customer support tool that aims to improve efficiency by answering repetitive customer queries faster

7. Talk to Books - An AI-powered search engine that allows users to ask questions about books and get natural language responses

8. Wonder Dynamics - An AI tool that automatically animates, lights, and composes CG characters into a live-action scene

9. Notably - Helps users analyze and understand research data more efficiently

10. Lingostar - An AI-powered language learning tool that helps users practice and improve their fluency in English, Spanish, and French

11. Vidio - A video editing tool that maximizes productivity and achieves exceptional results

🌟Prompt engineering tips

• Ask for explanation - When you receive a response from the model that seems complex or filled with technical jargon, ask the model to explain its answer in a more straightforward or layman's way. This will help you to understand the model's reasoning and to identify any areas where the model's knowledge is incomplete or inaccurate.

• Avoid biased language - To avoid biased responses from the bot be cautious with your phrasing and use neutral and fair language. For example, instead of asking "What is the best way to cook a hamburger for a man?", you could ask "What is the best way to cook a hamburger?"

• Ask open-ended questions - Open-ended questions are questions that do not have a simple yes or no answer. They encourage the respondent to provide a more detailed and informative response. In the context of prompt engineering, asking open-ended questions can help you to get more creative and insightful answers from the model.