MIT's AI guide to U.S.

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Today we will discuss-

• 💪Nvidia strengthens AI collaboration with Vietnam

• 🚀Australia launches AI adoption program

• 👨‍⚖️MIT shares recommendations for U.S. AI regulations

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

All this and more - Let's dive in!

👩‍🍳What’s cooking in the newsroom?

Nvidia explores collaboration with Vietnam, plans Asian AI chip base in the country

👨‍🔬News - On 11 December, Nvidia's CEO, Jensen Huang, announced plans to strengthen collaboration with Vietnam's leading tech companies, focusing on supporting the country's advancements in AI and digital infrastructure.

After a meeting with Prime Minister Pham Minh Chinh, Huang expressed a commitment to Vietnam's semiconductor industry and mentioned the possibility of establishing a base in the country.

⭐Why is this significant? Vietnam, already home to major chip assembling facilities, including Intel's largest globally, is now actively pursuing chip designing and manufacturing. 

As stated by Vietnam's investment minister Nguyen Chi Dzung, the country is preparing mechanisms and incentives to attract investments in semiconductor and artificial intelligence industries. This is because the ongoing trade tensions between the United States and China present an opportunity for Vietnam to take on a more prominent role in the semiconductor industry. 

Hence, Nvidia establishing a base in the country would not only attract global talent but also contribute to the growth of Vietnam's semiconductor ecosystem and support its broader digitalization initiatives.

Australian government launches $17M initiative to boost AI adoption in businesses

👨‍💻News - The Australian government has announced a $17 million initiative aimed at promoting AI adoption within businesses in the country.

Initiated by Ed Husic, the Minister for Industry and Science, the program will involve the government setting up five AI Adopt centers throughout Australia.

🕵️‍♂️What will these centers do? The centers will work alongside the National Artificial Intelligence Centre and actively participate in the Responsible AI Network. Each center will focus on a key priority area of the National Reconstruction Fund, forming a network of industry-specific centers that provide free training to eligible businesses on: 

• The transformative potential of AI's innovative capabilities.

• The responsible and efficient adoption of AI.

• And specialized training to develop the specific skills required to manage AI effectively. 

🤖Why is this move important? Addressing the challenges and opportunities of AI is crucial for Australia, as experts have previously warned that the country is lagging behind in responding to AI's potential. 

Here it is important to note that despite numerous proposed actions, there has been a notable absence of government initiatives, particularly in terms of insufficient funding for AI and regulatory measures; making this the first step in improving the country's standing in the field of AI. 

MIT experts release comprehensive AI framework to guide U.S. governance

👨‍🏫News - A group of MIT leaders and scholars have published a set of policy briefs detailing a framework for the governance of artificial intelligence.

The strategy involves extending existing regulatory and liability methods to establish a practical means of overseeing artificial intelligence.

🤔Why is MIT getting involved in governance? Well, with MIT being at the forefront of AI research and development, their expertise uniquely positions them to effectively address the challenges arising from the technology.

Moreover, the primary objective of these papers is to provide guidance to U.S. leadership on minimizing risks associated with AI while promoting exploration of its societal benefits, rather than taking a leadership role themselves.

🤓What are some of MIT's suggestions? 

• The proposal recommends extending current policies to regulate AI, using existing agencies and legal frameworks. For example, there is already a law that states pretending to be a doctor is illegal; applying the same law to regulate AI ensures that it doesn't falsely act as a doctor. 

• While leveraging existing agencies and laws, the policy also proposes new oversight capacity. It suggests establishing a government-approved "self-regulatory organization" dedicated to AI. This specialized agency could amass domain-specific knowledge, enabling it to be responsive and adaptable in navigating the swiftly evolving AI industry.

• It urges government involvement in shaping AI to be pro-workers through research, aiming to avoid replacement scenarios and fostering long-term economic growth for society.

👩🏼‍💻What else is happening?

• Europe agrees landmark AI regulation deal

• Federal consultations on AI regulations heavily skewed toward businesses, industry groups, say critics

• The rise of livestream shopping in China is fueling new tech such as avatars and AI

• White House concerned over the rise of AI in the Middle East

• Spotify slashes staff to move faster into AI

🤩Interesting facts

• The most commonly searched Google keyword is "chatGPT login," with nearly six million monthly searches.

• 83% of companies claim that using AI in their business strategies is a top priority. Among the common applications are automated emails and chatbots, widely used in everyday business communications.

• In the United States alone, there were more than 10 million active installations of voice assistants in 2020.

👩🏼‍🚒Discover mind-blowing AI tools

1. Fibery AI - An AI-powered tool that aids in brainstorming, writing, task automation, and process experimentation

2. NEXBot - A platform that allows users to create and share customizable chatbots powered by a large language model called GPT-4

3. Seaml.es - A tool that helps researchers draft literature reviews quickly and efficiently

4. QBitmap - An AI Art Generator app that uses neural style transfer and text-to-image AI to create stunning images

5. KWIKmotion - An innovative AI cropping tool that revolutionizes video editing

6. Tarot Master - An innovative platform that combines the mystical wisdom of Tarot with the precise insights of Astrology

7. Lutra AI - A platform that allows users to easily build AI workflows and apps to automate repetitive tasks

8. Actual Chat - A communication tool that combines voice and text into a single medium

9. SeeingAI - A free app designed for the blind and low-vision community

🌟Mythbuster

Myth - AI puts our data at risk

Fact - Some people think AI makes our data unsafe, but that's not entirely true. When AI is used responsibly, it actually helps protect our information. AI systems follow strict rules to keep data safe and use advanced technology to guard against cyber threats. So, when used correctly, AI is more like a superhero protecting our data than a threat to it.