Handy AI: Weekly Update July 21

Week of 7/3/2023 - 7/7/2023

New models launch and companies make promises everyone hopes they can keep.

what to know for now

🔒 AI titans pledge to play nice with new tech. In a meeting with President Biden, seven leading AI companies including Amazon, Google, and Microsoft committed to voluntary safeguards for AI development. They're racing to create AI that can generate text, photos, music, and video, but they're also concerned about the spread of disinformation and the "risk of extinction" from self-aware machines. [Read more]

🦙 Meta introduces Llama 2, an open source large language model. Meta has launched Llama 2, a free AI model for commercial and research use, in partnership with Microsoft. Despite the potential risks, Meta believes in an open approach to AI development, providing resources for safe and responsible use, and encouraging community feedback for continual improvement. [Read more]

🛠️ ChatGPT introduces custom instructions for personalized AI conversations. OpenAI is rolling out a new feature that allows users to tailor ChatGPT's responses according to their unique needs and preferences. This update, which aims to make AI conversations more efficient and personalized, will initially be available to Plus plan users before expanding to all users. [Read more]

🖼️ Meta develops AI image generator, CM3Leon. Meta has introduced CM3Leon, an artificial intelligence technology that creates high-quality images from text descriptions. Despite having a smaller learning base and less computational power than competitors, Meta claims CM3Leon can produce more coherent images. [Read more]

what to know for later

🍎 Apple developing AI tools to compete with OpenAI and Google. Apple is reportedly working on its own AI chatbot, internally referred to as "Apple GPT". Built on a framework codenamed "Ajax", the chatbot is currently being used for product prototyping within the company. While Apple has yet to decide on a consumer release strategy, it is reportedly focusing on addressing potential privacy concerns related to AI. [Read more]

🚨 SEC chair warns of AI's risk to financial stability. Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has cautioned that artificial intelligence (AI) could pose a significant risk to global financial stability. He stressed the need for regulatory revisions to address the challenges posed by AI, and highlighted concerns about potential conflicts of interest as AI becomes more integrated into financial advisory and brokerage services. [Read more]

📰 Google reportedly showcases AI news writer, Genesis, to media executives. Google has allegedly demonstrated Genesis, an AI technology capable of generating news copy, to executives from major news outlets. However, Google stresses that these tools are designed to assist journalists and enhance their productivity, not to replace them. [Read more]

📰 about the newsletter

Jake Handy is a product manager, AI code wrangler, and Classical violinist. His intention with the Handy AI newsletter is to enable advantageous AI usage for all, ensuring no one gets left behind and everyone benefits from the power of this emerging technology.

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