📈 AI picks your stocks
PLUS: ChatGPT makes up fake legal cases
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Greetings, fellow humans. 👋
This is Not A Bot - the newsletter about AI that was definitely not written by AI. I’m Haroon, CEO of Autoblocks and founder of AI For Anyone, and I share the latest news, tools, and resources from the AI space.
Happy Monday. Hope everyone’s recovering well from Succession’s finale yesterday. God Bless 3-day weekends.
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🧵 In today's edition:
📈 AI picks your stocks
🧾 Google wants to read your messages
🤖 AI designed for foreign governments
🤑 AI Fundraising News
🤖 Top AI News
📈 AI picks your stocks
Business Insider
Imagine a stock pick that guarantees you profit. Sounds like an email ad you just received from a TikTok fin-fluencer? Well, it might just be.
We saw this coming, right?
JPMorgan is developing an AI robo-advice chatbot called IndexGPT to provide investment and stock recommendations for their customers.
The AI uses a "Generative Pre-trained Transformer" language model and cloud computing software to analyze and select securities based on customer needs.
JPMorgan CEO Jamie Dimon views AI as "an extraordinary and groundbreaking technology," noting over 300 AI use cases are already in production. But it also makes sense that he doesn’t want to be left behind, given Goldman Sachs and Morgan Stanley are also testing internal AI tools.
Finance x AI could be a crazy tool that could either lead to a lot of wealth for users or a lot of liability for banks.
The real question is can it figure out the next GameStop? If yes, count me in.
Read more: Investors
🧾 Google wants to read your messages
Google/The Verge
One of the many exciting announcements to come out of Google I/O was Magic Compose - an AI feature that provides users with text suggestions.
You can also change the tone of pre-written responses into one of seven: Remix, Excited, Chill, Shakespeare, Lyrical, Formal, or Short.
Google has officially released the beta version of Magic Compose, but with a catch - they want to send up to 20 previous messages to Google servers, including emojis, reactions, and URLs, to generate appropriate responses.
Google maintains that it cannot read messages, and none will be saved or used to train the models. But hey, at least they are letting us know upfront.
To be eligible for the beta, you need to pass these three aspects to eligibility:
You have to sign-up for the Google Messages beta program on the Play Store.
Have an Android phone with US SIM cards + be 18 years old.
Be a Google One Premium member as they get more priority. Subscription starts at $9.99/mo 😏
Or… you know… just wait it out.
Either way, you now have no excuse to leave your friends on read.
Read more: The Verge
🤖 AI designed for foreign governments
With growing concerns surrounding US data controls, a move like this was bound to happen.
South Korean search engine Naver is offering its latest ChatGPT-like AI model to foreign governments concerned about US data controls.
Naver is developing hyper-scale AI that has increased demand, considering "sovereign AI technology is becoming increasingly important for data protection."
Naver will also develop localized AI applications for countries with “political sensitivities” in the Arab world and for non-English speaking countries.
Given what’s happening in Europe with ChatGPT, governments are keen to have their own AI systems customized to their political and cultural contexts, and Naver allows them to do just that.
Why’s this important: The move signals the rising importance of AI in global politics as countries seek to safeguard their sensitive information from foreign control.
Read more: Bloomberg (no paywall)
🤑 AI Fundraising News
BAE Systems Secures $7 Million Contract to Advance AI Capabilities in Military Satellite Data Tracking.
BenchSci raises $70M Series D to accelerate drug discovery with AI.
🗞️ Byte size: AI article summaries
Disclaimer: AI is (partially) used to summarize these articles.
A lawyer used ChatGPT for a legal filing. The chatbot cited nonexistent cases it just made up [Mashable] - A lawyer in New York has been found guilty of using ChatGPT to create fake claims in legal filings. The judge has ordered a hearing next month to "discuss potential sanctions" for Schwartz, whose three-decade career may be entirely derailed by ChatGPT's false "legal research.” (Read more)
Australian Medical Association calls for national regulations around AI in healthcare [ABC] - The Australian Medical Association is calling for national regulations around the use of AI in healthcare, following concerns about patient confidentiality. The case highlights concern in the healthcare sector regarding unregulated AI and the need for regulations to control its use in the industry. While AI has great potential in healthcare, the AMA has expressed the need to protect patients’ rights and ensure regulations do not prevent clinicians from accessing innovative technology. (Read more)
🐦️ Tweet of the day
👇 Great thread on how AI has impacted the photoshop game.
So...I thought Photoshop was in trouble because of AI.
But now, Adobe's new AI-enhanced Photoshop beta is out. And it's one of the most magical things I've ever seen.
13 game-changing examples that'll blow your mind:
— Nathan Lands (@NathanLands)
6:00 PM • May 28, 2023
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And that does it for today's issue.
As always, thanks for reading. Have a great day, and see you next time! ✌️
— Haroon: (definitely) Not A Robot and @haroonchoudery on Twitter