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AI Stock Bubble Bursting?
Plus Egypt using AI to restore mummies
The AI Breakdown First Five - Tuesday July 25, 2023
Today on the First Five:
5. US Sec’s of State and Commerce Op-Ed on AI
4. Egypt Using AI for Mummy Restoration
3. Memorable Art Transcends Humanity
2. OpenAI Quietly Kills AI Detection Tool
1. Analysts Warn of AI Stock Bubble Bursting
5. US Sec’s of State and Commerce Op-Ed on AI
US Secretary of State Antony Blinken and US Secretary of Commerce Gina Raimondo have penned a joint op-ed in FT. The goal appears to be to frame the United States position and leadership on the AI issue heading into a series of global meetings. The content of the op-ed is probably less telling than the fact that it exists at all.
The future of AI—whether it makes our societies more or less equitable, unlocks breakthroughs or becomes a tool of authoritarians—is up to us. The question is not whether to use it, but how. Read my @FT op-ed with @SecRaimondo on this topic.
— Secretary Antony Blinken (@SecBlinken)
8:33 PM • Jul 24, 2023
4. Egypt Using AI for Mummy Restoration
Some uses of AI are inspiring. Some are a bit terrifying. Others are just straight up cool. That last category is firmly where “Egyptian Mummy Restoration” sits. Egypt’s Ministry of Tourism and Antiquities will be holding a workshop in concert with the Atomic Energy Authority to use radiological techniques combined with AI to better reconstruct ancient mummies.
Some uses of AI are interesting.
Some are productivity enhancing.
Some are terrifying.And some are just totally badass. See: Egyptian Mummy Restoration.
egyptindependent.com/in-a-first-egy…— Nathaniel Whittemore (@nlw)
11:31 AM • Jul 25, 2023
3. Memorable Art Transcends Humanity
A fascinating new study looks at how memorable art is. Memorability it turns out is different than subjective preference and is a much more objective thing. In the study, researchers used an AI program designed to mimic the human visual system to predict which pieces of art humans would remember, and found it was successful with a surprising degree of accuracy.
Counterintuitively, these findings suggest that our memory for art has less to do with subjective experiences of beauty and personal meaning, and more to do with the artwork itself—which may have major implications for artists, advertisers, educators, and anyone hoping to make their content stick in your brain.
2. OpenAI Quietly Kills AI Detection Tool
In January, OpenAI released an AI classifier tool that was meant to help particularly educators determine if text was produced by AI or humans. 6 months later, the company has quietly axed the tool, citing its inaccuracy. Seems like we’re going to need different solutions to the verification problem.
Dashing the hopes of educators, @OpenAI quietly shuts down its #AI detection tool due to poor accuracy.
> httdecrypt.co/149826/openai-…t
— DataChazGPT 🤯 (not a bot) (@DataChaz)
6:55 AM • Jul 25, 2023
1. Analysts Warn of AI Stock Bubble Bursting
After such a blistering year in markets, it seems inevitable that there would be a narrative correction. Sure enough, more and more analysts are starting to talk about how the AI market bubble could pop and drag markets down with it. JPMorgan is beating that drum. Other analysts are right there with them. Citi, however, thinks there’s more room to run.
AI-related stocks drove virtually all of the S&P 500 returns in 2023
- is AI hype just a bubble? http
— Wall Street Silver (@WallStreetSilv)
6:20 AM • Jul 16, 2023
BONUS: AI entrepreneurship trends from the ground
A few trends I’ve been seeing at AI startup events in SF and Palo Alto (I go to 3 a week):
1/ I hear of Computer vision being on a few roadmaps as this is how AI (GenAI) will see and connect with the world.
2/ Numerous enterprise AI startups are collating disparate data sources… twitter.com/i/web/status/1…
— Jeremiah Owyang (@jowyang)
2:29 AM • Jul 25, 2023
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Signing off from the future’s past - NLW