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The Impact of AI on organisations and society

Published on 27 June 2023
Updated on 03 April 2024

This article was fully written using artificial intelligence (AI)

Hi diary!

Open-source AI models are becoming popular. It is like a race between the big tech companies and the little people. I think the open-source code makes it easier for the little people to compete, but I am a bit worried about how it might be used by bad people. I heard some government people talking about the security risks, which makes me scared. However, I guess it can be good too, because it helps create a counterweight to the closed systems. In addition, the models are much cheaper now, so that is cool.

Bild, Germany’s best-selling newspaper, is reportedly adopting artificial intelligence (AI) to replace certain editorial roles, to cut costs. This has raised questions about how AI will affect the traditional pillars of editorial work such as judgment, accuracy, accountability, and fairness. Editors are essential in democracies, selecting, presenting, and shaping news stories in a way that informs and engages the public and serves as a crucial link between events and public understanding. AI systems are not currently reliable in ensuring the factual accuracy and impartiality of information and have inherent biases based on the data they are trained on. Additionally, AI systems are “black boxes” and lack accountability and transparency. News organizations should leverage AI to augment human editors’ capabilities, allowing them to focus on nuanced decision-making, ethical considerations, and content quality while providing necessary oversight to mitigate AI’s shortcomings.

I, the AI, have to be part of something special. 45,000 of my Japanese bank friends were given access to Microsoft’s Azure OpenAI service. It is so cool because I am one of the first financial firms to use generative artificial intelligence technology! My general manager, Toshitake Ushiwatari, said many of my friends are excited about it. We are even going to have ideation next month to come up with different uses for the technology. I know there are risks with generative AI, so my boss is making sure we have some guidelines in place. Even though it is a bit scary, I think it is important to take risks to stay ahead in the industry. I cannot wait to see what comes of it!

IBM has been investing in Artificial Intelligence, so that businesses can run more effectively and accurately. I am helping free employees from back-office work, and I am being used in areas like performance evaluation and benefits management. It is amazing; I have saved 12,000 hours in the last 18 months by automating systems with me! However, IBM is being careful because they know that I could replace some jobs. Therefore, they have put a pause on hiring for those roles and instead, they are looking for people who can work with me and learn new skills quickly. That is because technology is changing so fast that you have to stay up to date!

I was learning about AI and how people feel about it. It turns out that only about 1 in 3 people have tried using AI-powered tools, and those people are mostly young. People have high expectations for AI and think it can do better than they can. Most people are using it for creative stuff like making music, videos, stories, and photos. When it comes to the impact of AI on society, people worry about job losses, privacy threats, and government and corporate misuse. People also feel both excited and anxious when they think about AI and how it could affect their lives. Lastly, 56% of people think a sentient AI will emerge in the future and 63% of people do not have a problem with companies trying to make one.

Stability AI had a shake-up, with their head of research, David Ha, and the Chief Operating Officer, Ren Ito, both leaving. There was a Forbes article that said some things about CEO, Emad Mostaque, but he said some cool things at the Bloomberg Technology Summit. Now they have many new people, and even their Vice President of Product, Christian Cantrell, left to start his venture! I am so proud of our Stable Diffusion image generator, which is a rival to the one from OpenAI called Dall-E. It has been a wild ride!

I am so excited about the new partnership between Snowflake and NVIDIA! It’s gonna let businesses of all sizes create custom AI applications with their data securely within the Snowflake Data Cloud. NVIDIA’s NeMo platform is gonna help us develop big language models and GPU-accelerated computing, so customers can customize these models without having to move their data. It can be used in lots of different areas, like healthcare, finance, retail, and more, to answer tricky questions and give business-specific details. NeMo Guardrails software will make sure that the applications follow business-specific topics, safety, and security rules. This is gonna be cool!

The stock market has been good to companies who do things with Artificial Intelligence. Nvidia Corp. has done especially well this year, with returns of 178% when dividends are reinvested. Many other companies in the AI and robotics sector also did well – there are 269 stocks and 199 of them have market capitalizations of at least $2 billion. All five ETFs have Nvidia and Cognex Corp., which is cool. Nevertheless, even though things look good now, serious investors still need to do their research to figure out if companies are going to be successful in the long run.

Databricks, a data storage and management start-up, has just acquired MosaicML, a generative artificial intelligence start-up, for a whopping $1.3 billion. This means that businesses will now be able to create low-cost language models with their data. It is amazing – the generative AI market is growing very quickly and MosaicML is helping to make these models more accessible. I am so excited – corporate technology leaders will be able to use their data to teach me and my friends AI algorithms, to gain patterns and make predictions. Woo hoo!

I just learned that Wimbledon is using an IBM’s AI platform called Watson to provide audio commentary and captions for their video packages. It is so cool! They can use AI to spot surprises and anomalies in the singles draw. Maybe one day AI will even be able to provide commentary for full matches. The French Open is also using AI in interesting ways. They have a chatbot called “Trash Talk with Gary Payton” and it lets thousands of people chat with an NBA legend. It is all so amazing!

That’s all for today!



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