#48 Google pledges a hyopcratic AI oath
AND: Congress doesn't know what the hell they're doing
Compared to Europeans, Americans are more liklely to believe they control their own destiny. Given the EU’s latest move to ban AI in biometric identification systems, we’d say it’s the other way around. In fact, the US is so far behind the EU on AI regulation, senator Ted Cruz says Congress “doesn’t know what the hell they’re doing.” Let’s dive in.
In today’s newsletter:
Top News: Google warns staff about AI, Etsy is flooded with AI junk, and Kroger mentions AI 8 times in earnings call
TL;DR Rundown: AI in your watches, congress doesn’t know what the hell they’re doing, and AI isn’t even as smart as a dog
Tool of the day: Fly through those taxes
What do you really want?: Cuz we wanna know
When reality meets AI: Public perception
Top News 🔝
Three biggest stories if you’re in a rush
Nurses, doctors, and surgeons all take the Hippocratic Oath. By taking the Hippocratic Oath, these professionals swear to act with humanity’s best interests at heart.
Google, it seems, is deciding to take it’s own hypocratic oath, one where they tell its employees one thing and the rest of the world another. As one of the biggest driving forces behind AI, Google has recently cautioned employees about how they interact with chatbots (INCLUDING its own Bard) while, at the same time, rolling out generative AI search features and that very same chatbot to the rest of us.
Google isn’t the only major corporation cautioning about the internal use of AI: Samsun, Amazon, Deutsche Bank, and Apple are all implementing guardrails to protect sensitive company information from AI chatbots. If THAT’S not HYPOCRICY, tell me what is.
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Etsy, the global online marketplace originally designed exclusively for artisan, handmade wares (which generated over $2.5B in revenue last year), is now jammed with AI-generated junk.
From personalized phone cases to stickers, mugs, hoodies, paintings, bed throws and pillowcases, Etsy has been the go-to place to find UNIQUE and quirky products. Not anymore. Now, users are complaining that the real artists are being out-competed by AI, with one commenting, “Couldn’t find a single handpainted watercolor clip art of a highland cow” (dare we say niche opportunity?).
But where is this AI stuff coming from? From side-hustle acolytes, apparently; people who don’t fancy the 9-5 and who’d instead prefer to make an income from home, doing, well, whatever it takes (can you blame them?).
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Kroger, the $33B US grocery store chain, has never, ever, EVER mentioned AI in its history. Not once, according to Bloomberg.
But on yesterday’s earnings call, Rodney McMullen, Krogen CEO, said “AI” or “artificial intelligence” precisely eight times. McMullen also discussed how the company managed to “invest in price for customers while maintaining margins,” thanks to AI and analyzing data and analytics. Apparently, AI is enabling Krogen to “better understand what truly matters to our customers, and deliver more targeted and effective experiences.”
TL;DR Rundown 🐂
Summary of note-worthy trending articles
According to Ted Cruz, Congress “doesn’t know what the hell it’s doing” with AI regulation. (link)
Larry Ellison, Oracle CTO, is now the world’s 3rd richest person. (link)
AI is well and truly within your…watch. (link)
Some guy making over $100k per month from just two AI tools! (link)
Anthony Furey, a Toronto mayoral candidate, uses AI to create fake images of homelessness in the city to support his campaign. (link)
Toilet paper for everyone! MIT-based AI app aims to block supply chain attacks with advanced cybersecurity. (link)
Bybit plugs into ChatGPT for AI-powered trading tools. (link)
Refuel AI nabs $5M to create training-ready datasets with LLMs. (link)
Former FTX ventures head Amy Wu turns to AI after being duped by Sam Bankman-Fried (like the rest of us). (link)
What happens when AI overrules the nurses who care for you? Find out here → (link)
“If art is how we express our humanity, where does AI fit in?” (link)
Meta is encouraging companies to profit off its open-source AI (to challenge Google). (link)
“AI isn’t as smart as a dog,” according to Meta AI chief. (link)
Microsoft’s stock hits record after executives predict $10B in annual AI revenue. (link)
Tool of the Day ⚒️
AI tools we’ve used, loved, and highly recommend
Today’s tool is flyfin.tax.
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