Hello, fellow humans!
At Quartz, we’re excited to share that artificial intelligence (AI) is becoming a central theme in the business topics we love to write about. In this Saturday edition of the Daily Brief, we aim to keep you up to date on the rapidly changing world of AI and how it’s impacting various sectors and companies worldwide. Do you have questions about AI that you’d like answered or want to share your own AI hallucinations? Feel free to email us anytime. Enjoy!
Here’s what you need to know
Last week, US lawmakers met with tech leaders in a series of hearings, both closed and open, to discuss AI. One of the key points of discussion was accountability in the private sector. Lawmakers also raised concerns about the working conditions for data labelers, who play a crucial role in labeling AI training data and reviewing chatbot responses for safety and reliability.
Salesforce, just months after cutting its workforce, is now looking to hire 3,000 new employees as it bets on AI driving business growth. CEO Marc Benioff is specifically targeting former Salesforce staffers who have moved on to other companies like Snowflake or Twilio.
Adobe’s sales outlook didn’t impress shareholders with high expectations for AI tools. Investors were hoping that new generative AI tools and a corresponding price increase would significantly boost revenue.
OpenAI, the creator of ChatGPT, plans to host its first developer conference in San Francisco on November 6. This conference aims to generate interest in OpenAI’s expanding range of products, while also facing increasing competition from other AI companies.
Silicon Valley tech executives, who are not typically known for their enthusiasm towards regulation, visited Washington DC this week. They met with US lawmakers behind closed doors and participated in public hearings. The general consensus was that AI regulation is necessary, to the extent that many tech executives are willing to volunteer to regulate themselves before it becomes mandatory.
That’s a flex
British chip maker Arm had a successful debut on Nasdaq, with its stock jumping 25% in its first trading session. The $54.5 billion IPO was the largest in the US since Rivian’s in 2021. Arm’s high valuation and subsequent surge in stock price were largely based on the potential of its AI chips. It’s not the only company expecting AI to drive demand for its products, as Microsoft, Google, and Tesla also highly covet this hardware. Read more about why these companies are so interested in AI chips.
One slightly alarming reminder
As the US presidential election season approaches, advances in generative AI could have a significant impact on how political propaganda influences voters. Congress is currently discussing legislation that would require clear disclosure when AI is used in campaign ads. Google is taking its own action by requiring any political ads on its platforms, including YouTube, to prominently disclose when AI is used to generate images or alter voices. It remains to be seen if other platforms and broadcasters will follow suit and effectively enforce similar policies.
Other great AI reads from this week
Tencent’s ChatGPT clone has an advantage over ChatGPT in terms of linguistic capabilities.
Entrepreneur Sam Altman expresses concerns about the potential impact of AI on elections.
AI bots have become so adept at mimicking human brain and vision capabilities that CAPTCHAs are no longer effective.
Despite the surging hype around AI, Softbank has faced a $3 billion loss last quarter.
The creator of ChatGPT had to take an AI detection tool offline due to its significant inaccuracies.
The founder of Khan Academy predicts that every student will have their own AI tutor in the future.
Ask an AI
Out of curiosity, we asked ChatGPT to help us come up with a name for this special edition of the Daily Brief. Although “AI in Focus” was already our intended name, it took three human brains to come up with it (naming things can be quite challenging!). We were interested to see if ChatGPT could top our idea.
However, the tricky part was incorporating puns into the name. While ChatGPT attempted to incorporate puns, it couldn’t do so without using the word “pun” directly. We should be grateful that humans are the ones running the show.
Here are some of the name suggestions from ChatGPT:
- “AI and Profit-ability: Unraveling Business PUN-dits”
- “PUNderstanding the AI-nnovation in Business”
- “AI-telligent Ventures: PUNtastic Business Insights”
- “The PUNultimate Guide to AI in Business”
- “PUNder the Hood: Decoding AI’s Impact on Businesses” (rest assured, we would never subject you to that)
We wish you a wonderfully human day. Feel free to send us any news, comments, PUNderful jokes, or suggestions for AI tool names at [email protected]. Your support as a reader allows us to make Quartz accessible to all. Have a great day!
Today’s AI Daily Brief was brought to you by Michelle Cheng, Morgan Haefner, Susan Howson, Heather Landy, and Scott Nover.
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