Will AI Lead to the Next Great Productivity Boom?

Welcome to The AI Breakdown, the most interesting & important news and conversations in AI.

First, the News:

• UC San Diego researchers use AI to discover rare DNA sequence

• G7 leaders meet in Hiroshima with AI high on the agenda

• Neeva shuts down their AI search engine

• Meta shares more details about its Massively Multilingual Speech (MMS) models that can identify more than 4000 languages

• Blizzard is training a generative AI model on its own game titles

The Most Interesting Discussion

Can ChatGPT outperform Wall Street funds? That’s the catchy headline, but what truth is there to it?

• A UFlorida study showed 500% returns from ChatGPT investing through sentiment analysis

• A finder.com study showed ChatGPT outperforming the top 10 UK funds

• Autopilot is running a $50,000 GPT investing challenge and is currently up slightly relative to the S&P

To the extent that ChatGPT is outperforming, it might be because its investing in AI-related stocks. There has been an absolute flurry of analysis around why stocks for companies involved with AI have been driving the S&P500’s 9% 2023 gains.

Analysts and investment pros are also piling on. Veteran Ed Yardeni said AI could lead to a “roaring 20s,” while legendary hedge fund billionaire Paul Tudor Jones had a similar assessment.

"I do think that the introduction of large language models, artificial intelligence, is going to create a productivity boom that we've only seen a few times in the last 75 years"

Some Really Cool Multimodal Research

Multimodal continues to be “the thing that comes next.” Here’s another research paper on the topic:

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Signing off from the future’s past - NLW