To The Moon

This week in the world of Artificial Intelligence (AI) has been nothing short of exciting. From AI making its mark in the investment sector to its growing influence in political campaigning, the transformative potential of this technology is becoming increasingly evident. As AI continues to evolve, it’s reshaping industries and redefining the way we live and work. Let’s dive into some of the week’s most significant stories.

OpenAI Plans App Store for AI Software

OpenAI plans to launch a marketplace that will allow developers to sell their AI models built on top of its own AI technology. Enterprise customers using ChatGPT often tailor the technology to their specific uses, which range from identifying financial fraud from online transaction data to answering questions about specific markets based on internal documents. Makers of such models could offer them to other businesses through OpenAI's proposed marketplace.

Amazon’s AWS Generative AI Innovation Center in Sight

Amazon Web Services is investing $100 million to set up the AWS Generative AI Innovation Center, which will link customers with company experts in AI and machine learning. They’ll help a range of clients in health care, financial services and manufacturing build customized applications using the new technology.  Highspot, Twilio, Ryanair and Lonely Planet will be early users of the innovation center, Amazon said.

IBM Expands Partnership with Adobe

IBM announced plans to expand its longstanding partnership with Adobe to help brands successfully accelerate their content supply chains through the implementation of next-generation AI including Adobe Sensei GenAI services and Adobe Firefly (currently in beta), Adobe's family of creative generative AI models.

ChatGPT’s Investment Success

AI is proving its worth in the investment sector, with OpenAI’s ChatGPT outperforming 70% of top U.S. equity funds. This AI-constructed portfolio, which started with a hypothetical $10,000, has been going strong for six weeks, maintaining a solid fourth place among the top 10 funds. The star performer in the portfolio is Tesla Inc, up an impressive 59% since the position was opened.

Tesla’s New AI Twitter Account

Tesla quietly launched a new Twitter account dedicated to its AI efforts. The account, @Tesla_AI, shared its first thread detailing Tesla’s work on building foundation models for autonomous robots. The thread ended with a call to join the Tesla AI team, underscoring the company’s commitment to advancing AI technology.

AI in Political Campaigning

AI is making its way into political campaigning, with figures like Ron DeSantis and Donald Trump Jr. leveraging the technology. However, experts are raising concerns about the potential misuse of AI, particularly the spread of deepfake misinformation in the 2024 elections. The use of deepfakes as a political weapon has already begun, highlighting the urgent need for regulation and voter education.

Bill Gates on AI in Education

Bill Gates, co-founder of Microsoft, expressed optimism about the transformative potential of AI in education. Gates highlighted how AI can simplify complex subjects, assist teachers, and create personalized sets of questions for students, taking the availability of educational tools to a “whole new level.”

AI Stock Performances for The Week: