🤖 Is China AI Catching Up To OpenAI?

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Plus: Instagram Co-founder Joins Claude AI

Read time: 5 minutes

Hello Thursday!

A new Pew survey reveals that many U.S. K-12 teachers see more harm than good in AI tools. This concern is heightened by Gemini AI’s new update, which will answer queries directly, leading to worries from the News/Media Alliance.

What are on FIRE 🔥

• 🤔 Uncertain Impact of AI in K-12 Education

• 🏦 Building AI in Banking

• 📈 AI Stock Daily

• 🌟 AI Highlights

• 💸 Daily AI Fundraising

• 📚 AI Sources From AI Fire

• ⚡ 5 AI Quick Hits

• 📊 AI Chart

• 🏅 AI Tools

• ✏️ AI Tutorials: How to Try Mac ChatGPT & GPT-4O

• 🎯 A Prompt to Find Your Inner Peace

• 🖼️ AI-Generated Images

• 💼 4 AI Jobs

AI REPORT

🤔 Uncertain Impact of AI in K-12 Education

A recent Pew survey shows many U.S. K-12 teachers see more harm than good in AI tools.

Key Takeaways:

• 25% of public K-12 teachers believe AI tools do more harm than good.

• 32% of teachers see an equal mix of benefits and harms.

• Only 6% say AI does more good than harm in K-12 education.

• 35% of teachers are unsure about AI's impact.

• High school teachers are more negative, with 35% seeing more harm than good.

Why it matters: The mixed perceptions of AI's role in education highlight the need for more effective communication and training on how to leverage AI tools positively, addressing both teachers' and students' concerns.

AI INSIGHTS

🏦 Building AI in Banking

A comprehensive strategy is essential for banks to effectively implement generative AI, according to a new Bain survey.

Key Takeaways:

• 80% of banks plan to reshape their data architecture soon.

• Banks must develop a strong strategy, sequence use cases, and expand data analytics talent.

• Generative AI can reduce mundane tasks for financial advisers by up to 65%.

• Coding assistants can boost productivity by 50% for IT tasks.

• JPMorgan Chase uses data products and a data mesh architecture for value creation.

• 40% of banks aim to harness 'data as a product' to meet regulatory requirements.

Why it matters: Generative AI will change many banking processes and how banks interact with customers. But if used wisely, it can help banks serve customers better and improve their profits.

TODAY IN AI

AI STOCK

AI HIGHLIGHTS

🌟 Zhipu AI launches its GLM-4, claiming performance close to GPT-4. The model supports 128k tokens and maintains high accuracy with long texts. It excels in text-to-image generation and multimodal understanding. GLM-4 has an 'All Tools' feature for complex tasks.

📈 Dell shares rose 11% as Morgan Stanley predicts high AI server sales. Nvidia chips are key components. Dell's CEO Michael Dell supports growth. Dell's market share is increasing. Earnings are expected on May 30.

🚀 Google announces Trillium, its most powerful and efficient sixth-generation TPU, offering a 4.7X compute performance increase and 2X HBM capacity. Trillium enables large-scale AI model training.

🔎 News publishers warn Google's AI-infused search could drastically reduce traffic and revenue. Gemini AI will answer queries directly. News/Media Alliance voices concerns.

🌊 IMF's Kristalina Georgieva warns AI will impact 60% of jobs in developed economies, causing potential inequality.

DAILY AI FUNDRAISING

Weka raised $140M as AI investments rise, valuing it at $1.6 billion. Their platform speeds up AI model training and serves over 300 clients, aiming for profitability by December 2024.

PolyAI, a London-based startup, raised $50M, securing a near $500M valuation. Their AI voice assistants for call centers aim to improve customer support and tackle worker shortages, boosting the UK's AI ambitions.

AI SOURCES FROM AI FIRE

AI QUICK HITS

1. 🎉 100 New Features Launched at I/O 2024 (Read more)

2. 🩺 Enhancing Medical AI with Med-Gemini Technology (Read more)

3. 👀 TikTok Tests AI for Generating Search Results (Read more)

4. 📱 Co-founder of Instagram Just Joined Claude AI (Read more)

5. 🤖 AI Robot Sophia Encourages Graduates to Believe (Read more)

AI CHARTS

Since late 2022, public interest in AI has risen sharply, and the number of AI-related jobs, innovations, and patents keeps growing. Google searches for AI terms have surged since ChatGPT's launch. Most new AI models are language or multimodal models. Europe now has more people working in AI than the United States. A recent study found that 64% of businesses believe AI will boost productivity, while 40% worry about tech dependence. Estimates suggest generative AI could add $2.6 to $4.4 trillion in annual economic value, with banking expected to benefit greatly.

NEW EMPOWERED AI TOOLS

1. 🔵 Bluedot* is an AI-powered Chrome extension for Google Meet. It automates meeting notes and can write follow-up emails for you. Try Chrome Extension.

2. 🖌️ Wegic is the first AI web designer & developer by your side

3. ✅ Glue is A work chat app geared toward focused, AI-assisted conversations.

4. 📌 AIWatchfulCompanion is an AI caregiver to assists in caring for your loved ones

5. 💪 Tidalflow helps to create, guide, and adapt workout plans to the rhythm of your life

* indicates a promoted tool, if any

AI TUTORIAL

How to Try Mac ChatGPT & GPT-4O

1. Download the app: ChatGPT Desktop App (This is the link we researched and used at the official forum of the OpenAI Community)

2. Use a network proxy: Use tools like Charles or Proxyman.

3. Log in: This will trigger API calls.

4. Modify API calls:

   • Right-click on https://ab.chatgpt.com/v1/initialize.

   • Choose 'Map Local.'

   • Replace every 'false' with 'true.'

5. Try again: You should now be able to use the app.

Get more AI tutorials →

AI PROMPT

A Prompt to Find Your Inner Peace

I need to gain a broader perspective on the challenges I'm facing.

My challenge is [...]

Please walk me through a process to zoom out and view my current work problems from a wider angle and from my own perspective.

Start by asking me to list the issues that are consuming most of my attention. Then, guide me to compare these concerns with past challenges I've overcome. Help me assess their likely long-term impact and remind me of the impermanence of most problems.

Encourage me to think about how I handled previous obstacles and what I learned from those experiences. This reflection will help me see the relative insignificance of my current stresses and empower me to move forward with clarity and confidence.

By recognizing patterns and understanding the transient nature of these problems, I can develop a more balanced outlook and find effective solutions.

AI-GENERATED IMAGES

screenshot from an RTS strategy game, isometric view, [location], [elements], [lighting],  [color palette], highly-detailed

THURSDAY MEME

AI JOBS

• TikTok: Model Labelling Project Specialist - AI Data ( Mandarin) (Link)

• Joinrs UK: Junior Data Scientist & AI (Full Remote) (Link)

• Infosys: PhD Internship in Gen AI and Data Science (Link)

• IC Resources: ML Systems Performance Analysis - AI Accelerator (Link)

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The AI Fire Team