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Bill Gates thinks generative AI has reached a ceiling

ALSO: A bendy phone, Apple's "Scary Fast" event, a $500m valuation

Read time: 2.5 minutes

Welcome back, Superhuman

Microsoft may be riding a massive generative AI wave thanks to its investment in OpenAI, but Microsoft co-founder Bill Gates thinks generative AI may have already hit a ceiling.

And after 25 years of explosive growth, the $68 Billion SEO industry might not survive in the face of Google’s AI advances.

TODAY’S MENU

  • Bill Gates makes generative AI predictions

  • How Google could destroy SEO with AI advances

  • 5 AI tools to supercharge your productivity

  • Key developments in AI governance and policy

  • Tutorial: Create your own chatbot trained on your data

  • AI Generated Images: Celebs as wizards

TODAY IN A & TECH

Lenovo

  • Bend it like Lenovo: Lenovo shows off bendy phone concept.

  • New Chip on the Block: Qualcomm’s new chips bring on-device AI to mobile and PC.

  • High Hopes: AI startup Perplexity raises investment at $500 million valuation.

  • Smartphone Challenger? Highly-anticipated AI device from Humane runs on GPT-4.

  • Big Moves: Google CEO Sundhar Pichai claims “more than half of all funded generative AI startups are Google Cloud customers.”

  • How Fast? Apple announces ‘scary fast‘ event for Oct 30.

NEXT IN AI

Bill Gates predicts AI may have hit a ceiling, thinks GPT-5 will not be a major leap

Microsoft may own 49% of ChatGPT maker OpenAI, but Bill Gates doesn’t think that GPT-5 (presumably OpenAI’s next major AI model) will be a huge leap in terms of performance.

However, Gates still believes that AI has massive potential and points to other areas where we might see considerable improvements:

  • The next 2-5 years could bring about significant increases in accuracy and reductions in development costs.

  • Such improvements could make generative AI viable for medical use cases like drug development and health advice.

  • While Nvidia has the edge right now in terms of AI chips, Gates thinks that competing tech companies will create new offerings to resolve the current shortage of chips.

  • It will take up to a decade to truly understand how AI algorithms work.

When asked about artificial general intelligence (AGI), Gates said that it will be a profound development for humanity, but that there is no way to know for sure when it will arrive.

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5 AI Tools to Supercharge Your Productivity

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INSIGHT

Advances in AI could render SEO extinct, says Information Systems Associate Professor

Image Source: Sitechecker

Big tech firms with serious AI ambitions have made no secret of the fact that they intend to leverage generative AI to transform how people find information online. Both Microsoft and Google have released major generative AI features for their search products and ChatGPT has a web browsing feature as well.

Ravi Sen, Associate Professor of information and operations management at Mays Business School, thinks that these advancements could spell the end for the SEO industry as we know it.

With some of the latest AI-powered features in search, tech firms are bypassing the traditional search path of offering users a list of links, and instead offering them direct answers with chatbots like Bard and ChatGPT.

As the quality of results from these chatbots improves, users will become less likely to go through a list of links to find what they’re looking for. In essence, that would render current SEO efforts obsolete.

However, these chatbots have a reputation for being unreliable and providing incorrect answers. While AI-powered chatbots could replace traditional search, there is still some way to go before they reach an acceptable threshold for accuracy.

GOVERNANCE AND POLICY

The most notable developments in AI governance and policy

EU may fail to pass its AI Act in 2023

The discussion over the EU AI Act continues. Three dialogues have taken place, with a fourth scheduled. The draft recommends extensive model testing and bias checks. Read more →

FCC aims to investigate the risk of AI-enhanced robocalls

The FCC aims to investigate the hazards of AI-enhanced robocalls and their compliance with consumer laws. The inquiry will analyze the influence of AI on regulatory frameworks, validate the legitimacy of AI-generated information, and lead future policy. Read more →

Microsoft to invest $3.2 billion to boost AI and tech in Australia

Microsoft will invest $3.2 billion in Australia to build cloud and AI infrastructure, including a 45% increase in data centers. Read more →

Americans are concerned about AI data collection, new poll shows

According to a Pew Research Center poll, most Americans who are familiar with AI fear that firms would not utilize it properly. Concerns grew in response to ChatGPT's popularity, with 81% concerned about data exploitation and 80% concerned about unintended data usage. Read more →

ScaleAI wants to be America’s AI arms dealer

Alexandr Wang, CEO of ScaleAI, hopes to support the US military's AI operations against China. ScaleAI, which is expected to be worth $7 billion by 2021, has won a $249 million defense contract and debuted "Donovan," an AI chatbot for military intelligence. Read more →

AI TUTORIAL

How to create your own chatbot trained on your data

Create your own chatbot in less than 5 minutes:

  1. Signup:

  2. Choose an Avatar for your chatbot:

    • Go to "Appearance" section and select "Chatbot Avatar”, and upload an image

  3. Training Chatbot:

    • Enter your website URL and any relevant documents to fetch data for training chatbot and click on "Train now"

    • In "Advanced" tab, add a base prompt

  4. Optimize the Bot:

    • Test your bot by asking questions.

    • Under "Add Skills", select "FAQ Response" and input Q&A pairs

By following these simple steps, you can create your own chatbot using Chatsimple.

AI-GENERATED IMAGES

Celebs as wizards

Source: u/UtopistDreamer on Reddit

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