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๐Ÿš€ AI's Impact on Stock Forecasts

AI Clickbait Nears Extinction Edge

Plus: AI Clickbait Nears Extinction Edge

Read time: 5 minutes

Good morning!

Letโ€™s kick off your day with a groundbreaking open letter challenging AI firms on risk assessments. And there's more: OpenAI has just shared their personal take on Elon's lawsuit. Ready to dive in?

How Large Language Model Applications are Built in 2024

One of the best tactics for building applications with LLMs is to use a vector database and RAG - Retrieval Augmented Generation.

This is where you take the userโ€™s input prompt and then search through a vector database for similar text. Then, you take the matching passages (from the vector database) and the userโ€™s prompt and enter that into your LLM (GPT-4, LLaMA, whatever) to generate text output.

Using Retrieval Augmented Generation has huge benefits. It can improve GPT-4 answers by 50%, even on data GPT-4 was trained on. Additionally, companies like Notion also use Retrieval Augmented Generation to personalize answers, so it can do things like question-answering on all your past notes.

Ram Sriharsha is the CTO of Pinecone (one of the most popular vector databases) and he wrote a great blog post about

  • How vector databases work

  • Why companies like Notion use Pinecone

  • How Pinecone built their serverless architecture

And more.

AI INSIGHTS

๐Ÿ›ก๏ธ Call for AI Safety Research Freedom

Source: A Safe Harbor for AI Evaluation and Red Teaming

An open letter and paper challenge AI companies to permit independent risk assessment.

Key Takeaways:

  • 100+ leading figures endorse AI research liberties.

  • Red teaming legal protections are necessary for safety.

  • Company policies on content impede necessary tests.

  • Midjourney's stance reflects broader industry reluctance.

  • Bug bounty programs don't cover safety risks.

  • Transparency in policy enforcement is lacking.

Why it matters: Enhancing AI model safety requires freeing up research, crucial for advancing AI responsibly.

AI STOCK

๐Ÿš€ AI's Impact on Stock Forecasts

Source: Hanane D

In response to criticism, Google halts Gemini's AI imagery for historical accuracy fixes.

Key Takeaways:

  • Data fetching through finance, Alpha Vantage APIs.

  • News aggregation via APIs and scraping.

  • Sentiment analysis for market trends.

  • Comparison of GPT-4-Turbo and Mistral Large.

  • LLMs provide valuable insights into financial trends.

  • Not precise in short-term price predictions.

Why it matters: LLMs offer a novel lens for financial trend analysis.

AI STOCK

TODAY IN AI

AI HIGHLIGHTS

  • Organizational change is key to unlocking generative AI benefits.

  • Pacific Telecom's gen AI journey offers valuable insights.

  • QuantumBlack, AI by McKinsey points to strategic gen AI integration.

  • Importance of skills upskilling and centralized gen AI standards.

  • GitHub shows a surge in gen AI projects, signaling the technology's evolution.

  • Data quality and architecture for scale are critical for effective gen AI deployment.

  • Resource demands for AGI were underestimated initially.

  • Elon Musk's changing proposals and funding withdrawal.

  • Rejection of for-profit control to maintain mission focus.

  • Musk suggests merging with Tesla and eventually exiting.

  • Real-world applications of OpenAI's AI underline its mission.

  • Google's latest update aims to cleanse search results of SEO spam and low-quality content.

  • Focus on combating expired domain abuse and AI-generated spam, with obituary spam also in scope.

  • 40% expected reduction in spam, highlighting Jennifer Kutz's statements on AI content policies.

  • The update also addresses site reputation abuse, ensuring sites cannot leverage their standing to host low-quality third-party content.

DAILY AI FUNDRAISING

Multiverse in Spain raises $27M to enhance quantum software for AI, aiming to simplify complex calculations. Their CompactifAI product promises to shrink AI models by 80%, boosting efficiency.

Overjet, an AI dental platform, just got $53 million, making it the biggest AI dental investment. This helps dentists work better and diagnose accurately.

NEW EMPOWERED AI TOOLS

  1. โ†ช๏ธ Tolgee is an autonomous translation platform that utilizes AI technology to streamline the localization process.

  2. ๐Ÿ’ญ DreamGen is an AI role-play and story-writing website that allows users to create and interact with characters

  3. ๐Ÿ  Paintit tailors design for every room, reflecting your unique lifestyle.

  4. โฐ Viddyoze creates incredible videos on autopilot with the best AI video generator in seconds

  5. ๐Ÿž Breadcrumb turns your data into personalized interactive views.

AI QUICK HITS

1. ๐ŸŒŸ Madonna leads with AI in Entertainment (Read more)

2. ๐Ÿ“‰ Trust in AI Declines Globally (Read more)

3. โžฟ AI discovers flying 'Murmurations' in Elliptic Curves (Read more)

4. ๐Ÿ”’ Cyber chiefs cautiously try AI, watch for rules (Read more)

5. ๐Ÿ—จ๏ธ Amazon's Rufus chatbot is okay but not perfect (Read more)

6. ๐Ÿ” Nobody knows how AI works (Read more)

AI TUTORIAL

Create Your Own Copilot GPTs

If you have Copilot Pro, there's a new thing called โ€œCreate Copilot GPTsโ€. It's coming out for some users now and lets you make your own GPTs quickly by telling it what you need and giving it a document with information.

  • Start with Microsoft Copilot

  • First, click on โ€œSee all Copilot GPTsโ€ on the right side.

  • Choose any GPT you like or make your own by clicking Create a new Copilot GPT.

  • To make your own GPT, start with a catchy name and then describe what it does in simple words.

  • Microsoft suggests using easy English and avoiding hard words or special terms.

  • If you know a lot about GPTs and want to set one up yourself, go straight to โ€œConfigureโ€ instead of โ€œCreateโ€. This lets you make GPTs without using the guide."

AI PROMPT

Permutation Prompts: Creating Multiple Combinations Fast

Using lists of choices in braces {} with commas in your prompt lets you make many versions with different combinations.

If you want to include a โ€œ,โ€ in braces that do not act as a separator, place a backslash \ just before it.

Product Photography, {[Item 1 description], [Item 2 description], [Item 3 description},[Item 4 description} photographed from above to highlight texture and color contrast, on a [background description].

Product Photography, {[Whole roasted turkey chicken, garnished with fresh herbs and lemons], [Sliced turkey breast arranged neatly with a side of cranberry sauce], [Turkey drumsticks served with roasted vegetables and gravy]} photographed from above to highlight texture and color contrast, on a clean, white background.

AI JOBS

  • City of London School: AI Research Graduate Assistant (Link)

  • PwC: Digital Audit - Senior Associate - Gen AI Pod (Link)

  • Hitachi Careers: Senior AI Consultant (Link)

  • Dell Corporation Limited: Services Solutions Principal for Data, Data Science, AI/GenAI and ML (Link)

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