Also this week there was a lot of news, indeed a lot.
As always, I try to condense the most relevant in these short posts which I believe will now become a constant in the blog.
1. Microsoft announces Bing Chat Enterprise and Copilot. Revolution.
Anyone who knows me knows that I can't wait to see how Microsoft will change the desktops of all of us again.
Among the innovations presented at Microsoft Inspire 2023 on July 18, I would like to highlight two.
Bing Chat Enterprise: IMMEDIATELY allows you to chat with all the documents in your 'workspace'.
I haven't been able to try it yet but I think it will be a great revolution.
Microsoft 365 CoPilot: Soon in the Office Beta channel we will have the opportunity to find out how Microsoft has evolved the concept of Clippy (Who here remembers the smart paper clip from the late 90s?). Spoiler: pretty good! We'll see now if anyone will notice that Microsoft's competitive advantage over all the thousands of AI applications released this year will help it dominate this market.
In both cases, Microsoft prides itself on processing the data in such a way that nothing is accessible to you or related companies. A guarantee that is not insignificant and that is not in the business plans of all startups that aim to provide solutions to companies.
Prices: ranging from 5 USD of Bing Chat Enterprise to 30 euro user/month of CoPilot. Too many? Maybe a few. But in the meantime the title goes up.
Why is it important?
Well, it's about to change the way a billion people use Office...
2. GPT Custom Instructions: the AI that behaves the way you want.
OpenAI is releasing all Plus users the ability to instruct their GPT chat so that, with each new prompt, it behaves exactly as you want. Almost.
Why is it important?
Anyone who has had the patience to read my posts knows that all Generative AIs need context to give better outputs. However, the context 'takes up space' and repeating everything every time can be annoying.
In this way we should obtain a kind of 'coherence' in the answers we get without having to explain who we are and what we expect from you every time.
Oh. It is not yet available in UK and EU so you need a VPN. In the meantime, I had fun making ChatGPT generate the contents you find in the image.
3. Meta releases LLAMA 2
The main problem with Meta's LLaMa was that they could ONLY be used for academic purposes. Here is my article about it.Meta announced this week that, with the new version (Self-celebrated as the best), not only will it be possible to use them also for commercial purposes but the same ones, as well as on Huggingface, will also be available on Azure (As confirmed by Microsoft). Meta also states that no data from their own social media was used for the training.
Why is it important?
The LLaMa are smaller and more manageable models of GPT-4, Claude, Bard. They can be used in more agile workflows and trained with data that will never end up in the hands of its creators. Or end up directly in your smartphones.
+1 New regulations coming soon
The SEC is sounding the alarm about possible threats AI could pose to 'financial stability'.
Gary Gensler, the head of the US SEC, has stressed the urgency of a regulatory review of AI, arguing that AI could increase financial instability.
Based on the assumption that AI is "the most transformative technology of our time", Gensler says that:
Companies must ensure that their use of AI does not violate securities rules
Publicly traded companies must not mislead investors through their statements and disclosures about the risks/opportunities of AI
The SEC plans to consider new rules on these issues as early as this fall.
In recent days among others, the FTC is investigating ChatGPT for potential consumer data privacy impacts, and now the SEC is coming for the AI.
In short, regulation is definitely coming for AI too!
Too many acronyms? Here is a little glossary
SEC (Securities and Exchange Commission): It is the United States federal agency responsible for regulating and monitoring the securities markets.
AI (Artificial Intelligence): Refers to systems or machines that mimic human intelligence to perform tasks, such as learning and problem solving.
Gary Gensler: He is the current chairman of the SEC. Prior to taking on this role, Gensler was a professor at MIT, where he taught on blockchain and cryptocurrencies.
Cryptocurrencies: They are digital or virtual currencies that use cryptography for security. The most famous is Bitcoin, but there are many others.
FTC (Federal Trade Commission): It is an independent agency of the United States government that aims to promote consumer competition and prevent unfair or misleading commercial practices.
ChatGPT: It is a generative language model developed by OpenAI. It can generate humanoid texts and is used in a variety of applications, including chatbots and virtual assistants.
Regulation: Refers to the rules or laws created by a government or government agency to control the behavior of companies and protect consumers.
Risk: In finance, risk refers to the possibility that a financial investment will produce a different result than expected. It may include loss of principal, late payments or decrease in value.
As always, I invite you to reflect, to ask questions, to spread ideas. And if you haven't subscribed to the blog, do it now to stay updated.
And by the way, do you like these weekly roundups? Let me know in the comments or contact me!
See you next time!
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