AI reading for Thursday March 28

Druce Vertes

Mar 28, 2024

IT's top AI use cases, according to a survey by Rackspace and AWS.

Intelligent search - 62%
Document processing (OCR, document classification, extraction, digitization) - 61%
Fraud detection and cybersecurity - 56%
Customer engagement (CRM, chatbots, call centers, customer affinity) - 54%
Sales and marketing analytics - 46%
Content generation - 43%
Image and video recognition and classification - 40%
Predictive maintenance - 34%

Palmer Luckey, the AI Oppenheimer in flip-flops?

Sketchy apps are popular in the GPT Store, like, write something and avoid plagiarism detection, and pick stocks - FT

Ron Insana's iFi AI will use AI to pick stocks. As a smarter stock screener, OK. But at what point do recommendations from opaque models violate fiduciary obligations, prudent man rules, professional obligations of diligence, independence, investing with a reasonable basis in fact? - CNBC

A tick tock on problems at Stability AI. - Fortune

Doesn't mention the project's academic origins and splits with the German researchers who created the Stable Diffusion algorithm. - Forbes (2023)

If you raise $100m at a unicorn valuation 30 days after launch, there’s not much time for due diligence.

Amazon invests another $2.75b in Anthropic at $18b valuation. Being one of the top 3 frontier models with OpenAI and Google is a worthy achievement. - CNBC

Amazon planning to spend $10b a year building data centers - Bloomberg

A thread on the US electrical grid - X

OK, data centers might rise soon to 4% of global electricity consumption, which in turn is 20% of overall energy consumption, so maybe < 1% of carbon emissions. I'll say it again, carbon tax or STFU. Also carbon credits are a kludge and a Wall Street scam.