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19/01/2024

PwC: 25% of companies expect cuts after the introduction of AI

About 25% of CEOs around the world are confident that staff reductions are coming due to the global introduction of generative artificial intelligence. This is evidenced by the PricewaterhouseCoopers (PwC) survey.

The study involved 4,700 executives from 105 countries. More than half of them manage companies with annual revenues of over $100 million.

Just under a third of respondents already use AI technologies in their corporate environment.

26/09/2023

Can artificial intelligence be kept under control?

Jimmy Wales, the founder of Wikipedia, says that believing it can be is akin to "magical thinking".

"In many cases politicians and their aides have a weak understanding of how the internet works, and what it is possible to achieve," says Mr Wales, who has spent many hours explaining both technology and its role in free speech to politicians around the globe.

"The question of a body like the United Nations regulating AI is like suggesting the UN regulate Photoshop." His point is that he thinks it would be pointless.

The issue of whether AI should be regulated, and to what extent, heated up this summer when UN Secretary General António Guterres convened the first ever UN Security Council meeting to specifically discuss its potential dangers.
Speaking in regard to everything from AI-powered cyber attacks, to the risk of malfunctioning AI, how AI can spread misinformation, and even the interaction between AI and nuclear weapons, Mr Guterres said: "Without action to address these risks, we are derelict in our responsibilities to present and future generations."

Mr Guterres has since moved forward with the establishment of a UN panel to investigate what global regulation might be needed. Called the High-Level Advisory Body for Artificial Intelligence, this will comprise "present and former government experts, as well as experts from industry, civil society, and academia".

It is due to publish its initial findings before the end of this year. Meanwhile, last week US tech bosses such as Elon Musk and Meta's Mark Zuckerberg held talks with US lawmakers in Washington to discuss AI and potential future rules.

However, some AI insiders are sceptical that global regulation can be successful.

14/06/2023

Falcon 40B: Advanced Technology Research Council's open-source large language model with 40 billion parameters

The Technology Innovation Institute (TII), a research center within the Advanced Technology Research Council (ATRC), has announced the release of Falcon 40B, an open-source large language model (LLM) with 40 billion parameters. VentureOne, the commercial investment arm of ATRC, will offer backing for viable ideas arising from the model's use.

Falcon 40B is a significant development in the AI industry, as it is one of the largest LLMs ever created, with the potential to revolutionize natural language processing tasks such as language translation, text summarization, and sentiment analysis.

The model was trained on a diverse range of data sources, including books, articles, and websites, and uses advanced techniques such as attention mechanisms and transformers to improve its performance.

According to Dr. Nawaf Almoosa, the Executive Director of the Digital Secure Solutions Research Centre at TII, Falcon 40B's development was a collaborative effort between researchers from TII and other institutions.

"Developing Falcon 40B was a challenging but rewarding process that required a lot of expertise and resources. We are proud to have developed one of the largest LLMs in the world, and we hope that it will contribute to the advancement of AI research in Abu Dhabi and beyond," said Dr. Almoosa.

One of the key benefits of open-sourcing Falcon 40B is that it will be accessible to a wider range of researchers and developers, allowing for greater collaboration and potential innovation.

"By open-sourcing Falcon 40B, we hope to foster a community of researchers and developers who can use the model to advance the field of AI. We are excited to see what new ideas and applications arise from its use," said Dr. Almoosa.

In summary, Falcon 40B's release is a significant development in the AI industry that has the potential to revolutionize natural language processing tasks. Its open-source nature and VentureOne's backing for viable ideas arising from its use will allow for greater collaboration and potential innovation, making Falcon 40B a valuable resource for researchers and developers worldwide.

31/05/2023

OpenAI CEO Sam Altman denied his statement about the company's possible exit from the EU.

While touring European cities, he met with leading politicians from France, Spain, Poland, Germany and the UK to discuss the future of AI and the progress of ChatGPT.

Altman called his tour "a very productive week of talking about how best to regulate artificial intelligence." He added that "the company is happy to be here and has no plans to leave."

16/05/2023

Artificial intelligence is having a huge impact on every aspect of modern life. AlgoTrade has been developing various solutions in the artificial intelligence field for several years. Our mission is to help different businesses use AI tools

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