Five Top Tech Takeaways: Waymo’s 100,000 Weekly Rides, Grok 2 Hits the Streets, Don’t Trust Dr. GPT, and More

Robo Taxi

100,000 Weekly Rides: Waymo’s Driverless Cars Gain Momentum

Waymo, Alphabet's autonomous vehicle subsidiary, has reached a significant milestone, now operating over 100,000 paid driverless robotaxi rides per week. This marks a doubling of ridership since May, showcasing the company's rapid growth despite ongoing skepticism and regulatory challenges. Waymo's co-CEO, Tekedra N. Mawakana, celebrated the achievement on LinkedIn, emphasizing the company's commitment to enhancing road safety. Despite the company's success, Waymo faces scrutiny from regulators investigating safety concerns, and public discomfort with driverless vehicles remains a hurdle.

• Rapid Growth: Waymo has doubled its ridership to over 100,000 weekly rides since May, highlighting significant growth and consumer adoption of its robotaxi service.
• Regulatory Scrutiny: The company is under investigation by the National Highway Traffic Safety Administration for safety violations and crash reports, reflecting ongoing regulatory challenges.
• Public Perception: Despite advancements, many people are still uncomfortable with the idea of driverless cars, presenting a challenge for wider acceptance.

Source: Quartz

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Vogue, The New Yorker, and More: OpenAI Secures Condé Nast Content Deal

OpenAI has announced a new content partnership with Condé Nast, allowing its AI products, such as ChatGPT and SearchGPT, to display content from prominent publications including Vogue, The New Yorker, and Wired. This partnership is part of a broader trend of media outlets collaborating with AI companies to distribute their content. OpenAI aims to enhance its AI models by integrating content from these well-known brands, making information access more seamless and accurate. However, this collaboration occurs amidst growing legal tensions as other media companies sue OpenAI for copyright infringement.

• Content Partnership: OpenAI's new deal with Condé Nast enables its AI tools to access and display content from prestigious magazines like Vogue and The New Yorker.
• Strategic AI Integration: The partnership is intended to refine AI search capabilities, combining conversational models with high-quality content for better user experiences.
• Legal Controversy: The collaboration occurs amid rising legal disputes between media companies and AI firms over content usage and copyright issues.

Source: MSN

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ChatGPT's Medical Advice Fails in 49% of Cases, Western University Study Reveals

A study by researchers at Western University has revealed that ChatGPT, OpenAI's popular AI chatbot, provides inaccurate medical advice in nearly half of the cases it was tested on. The study, published in PLOS One, evaluated ChatGPT's diagnostic accuracy with 150 complex clinical cases and found that it was correct only 49% of the time. While the AI is adept at explaining its reasoning in simple terms, it often convinces users of incorrect information, raising concerns about its reliability for medical guidance. The study highlights the need for caution and suggests that while ChatGPT can be useful in education, it should not be relied upon for medical advice.

• Inaccuracy in Medical Advice: ChatGPT was found to be correct in only 49% of the complex medical cases it was tested on, indicating significant risks in relying on it for medical information.
• Convincing but Misleading: The chatbot's ability to explain its reasoning convincingly, even when incorrect, underscores the potential dangers of misinformation in health-related queries.
• Educational Tool Potential: Despite its flaws in diagnostics, ChatGPT could serve as a valuable educational tool if properly supervised and used with caution.

Source: CBC News

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4. India Leads Global ChatGPT Usage: A Look at AI Adoption by Country

A recent analysis by Visual Capitalist ranks the countries where ChatGPT is most widely used. India leads the list with 45% of surveyed consumers using the AI tool, followed by Morocco and the UAE. The study suggests a correlation between younger populations and higher ChatGPT usage, with countries like India and the Philippines using AI for practical purposes, such as research assistance and virtual personal assistance. In contrast, countries like the U.S. and Germany report lower usage, where the tool is more often used for experimentation rather than specific needs. The global data reflects a growing interest in AI, though attitudes towards it vary widely, with some excited and others conflicted or concerned.

• Top User Countries: India tops the list with 45% of its population using ChatGPT, reflecting a high adoption rate among younger, tech-savvy populations.
• Usage Patterns: In countries with higher ChatGPT usage, AI is often used for specific tasks, whereas in lower usage countries, it is more for casual experimentation.
• Global Sentiment: About 40% of global respondents are excited about AI, while others remain conflicted or concerned, highlighting diverse attitudes towards AI adoption.

Source: Visual Capitalist

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5. Elon Musk's Grok-2 AI Model Now Generates Images on X Platform

Elon Musk's AI company, xAI, has launched Grok-2 and Grok-2 mini, the latest versions of its AI models, in beta for X Premium and Premium+ users. These models introduce new capabilities, including the ability to generate images directly on the X platform. While Grok-2 offers enhanced reasoning and coding abilities, concerns have arisen about the potential misuse of its image-generation feature, especially with the U.S. presidential election approaching. Early users have noted that Grok lacks guardrails for creating politically sensitive images, which could lead to the spread of misinformation. xAI plans to further integrate Grok into X, including AI-driven search, analytics, and reply features.

• Grok-2 Launch: xAI has released Grok-2 and Grok-2 mini in beta, with new features such as image generation and improved reasoning.
• Potential Risks: The absence of content moderation in Grok's image generation raises concerns about the spread of misinformation, particularly ahead of the U.S. presidential election.
• Future Integration: xAI plans to incorporate Grok-2 into X’s core functions, including AI-powered search and analytics, with a preview of multimodal understanding to be released soon.

Source: TechCrunch

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Author: Malik Datardina, CPA, CA, CISA. Malik works at Auvenir as a GRC Strategist who is working to transform the engagement experience for accounting firms and their clients. The opinions expressed here do not necessarily represent UWCISA, UW, Auvenir (or its affiliates), CPA Canada or anyone else. This post was written with the assistance of an AI language model. The model provided suggestions and completions to help me write, but the final content and opinions are my own.

Five Top Tech Takeaways: Twitter $20 Billion Brand Bonfire, No Bard for Canada, Apple's GPT and AI Regulations

 

Bonfire of Billions

Musk's Twitter Rebrand: Lighting Up $20 Billion in Brand Value?

Elon Musk's recent decision to rebrand Twitter as "X" and eliminate the iconic bird logo has sparked controversy and is estimated to have wiped out between $4 billion and $20 billion in brand value. The move, which includes a shift in focus towards audio, video, messaging, payments, and banking, has been criticized by analysts and brand agencies who argue that Twitter's brand recognition and cultural influence are invaluable assets. The rebranding has also led to a significant drop in advertising revenue, with advertisers wary of Musk's controversial persona. Despite the backlash, some believe that Musk's personal brand may be powerful enough to carry the new "X" platform forward. (Source: BNN)

Google's Bard Expansion: Canada Left Out in the Cold

Google's AI-powered chatbot, Bard, has expanded globally but has notably excluded Canada, along with countries like China, Russia, Iran, North Korea, Afghanistan, Belarus, and Cuba. This move comes amidst Google's ongoing dispute with the Canadian government over the Online News Act, which mandates tech giants like Google and Meta to negotiate compensation deals with media outlets. The Act aims to balance online advertising revenues, a sector dominated by Google and Meta. In response to the Act, both companies have threatened to block news links from their platforms in Canada. Google's Bard, now available in over 40 languages and more than 230 countries, has not clarified if its exclusion of Canada is directly related to these regulatory disputes. (Source: CTV)

Sam Altman's Eyeball Scans: A New Frontier in Crypto or Privacy Breach?

Worldcoin, a project by OpenAI CEO Sam Altman, has launched a global initiative offering free cryptocurrency in exchange for an eyeball scan to create a digital ID. The project aims to establish a new "identity and financial network" and to verify users as human, not bots. Despite privacy concerns, people in countries like Britain, Japan, and India have participated, with Worldcoin claiming to have issued IDs to over two million people in 120 countries. Critics have raised concerns about potential privacy breaches, but Worldcoin insists that the project is "completely private" and that biometric data is either deleted or stored encrypted. The promise of free cryptocurrency has attracted many participants, despite the potential risks. (Source: CTV)

Apple's AI Ambitions: The Birth of 'Apple GPT'

Apple is reportedly developing its own AI-powered chatbot, internally referred to as "Apple GPT", using a large language model (LLM) framework named "Ajax". The project, which runs on Google Cloud and is built with Google JAX, is still in its early stages with no confirmed plans for public release. Multiple teams within Apple are working on the project, including addressing potential privacy issues. Despite Apple's relative silence in the generative AI space, the company has been integrating AI into its software for years, most notably with Siri. Apple's AI initiative is led by John Giannandrea and Craig Federighi, and a significant AI-related announcement is expected from the company next year. (Source: TheVerge)

AI Giants Commit to New Safety Measures Amid White House Initiative

In an effort to manage the risks associated with artificial intelligence (AI), the Biden administration has reached an agreement with seven major AI companies, including Amazon, Google, Meta Platforms, Microsoft, and OpenAI. The companies have voluntarily committed to implementing more safeguards around AI, such as developing a watermarking system to help users identify AI-generated content, testing their AI systems' security and capabilities before public release, investing in research on the technology's societal risks, and facilitating external audits of system vulnerabilities. While these commitments largely reflect existing safety practices, they lack enforcement mechanisms. The White House is also developing an executive order to govern the use of AI, emphasizing that these commitments are not a substitute for federal action or legislation. (Source: WSJ)

Author: Malik Datardina, CPA, CA, CISA. Malik works at Auvenir as a GRC Strategist that is working to transform the engagement experience for accounting firms and their clients. The opinions expressed here do not necessarily represent UWCISA, UW, Auvenir (or its affiliates), CPA Canada or anyone else. This post was written with the assistance of an AI language model. The model provided suggestions and completions to help me write, but the final content and opinions are my own.

Furious Five: Meta Launches Twitter Rival, AI at the Big 4, FTX relaunch & lawsuit, and Open-AI shuts off Browse-with-Bing

 

Meta vs Twitter: The Battle Begins

Meta's Threads Skyrockets to 100 Million Sign-Ups, Posing a Challenge to Twitter

Meta's social media platform, Threads, recorded 100 million sign-ups within five days of its launch, surpassing OpenAI's ChatGPT as the fastest-growing platform to reach this number. Seen as a potential rival to Twitter, Threads has attracted a broad user base including celebrities and politicians. Despite its rapid growth, it still lags behind Twitter's 240 million daily active users. Twitter has threatened to sue Meta, alleging Threads was built using its trade secrets. Threads supports posts up to 500 characters and media content but lacks a desktop version, direct messaging, and features like hashtags and keyword search. Meta has stated it will only consider monetization once Threads is on track to reach one billion users. (Source: CBC)

Balancing Act: Harnessing AI’s Potential in Tax and Accounting Amidst Regulatory Hurdles

Generative AI adoption is growing in tax and accounting firms, despite challenges like data privacy concerns and regulatory uncertainties. The technology, exemplified by OpenAI's ChatGPT, has potential for significant impacts but is also hindered by its limitations and the uncertainty of its economic effects. Major firms, including Ernst & Young, KPMG, Deloitte, and PwC, have invested in AI training and data analysis capabilities. However, AI's learning process raises data privacy issues, and regulators are lagging in addressing the fast-paced AI evolution. While AI has the potential to detect corporate fraud and revolutionize industries, firms need time for experimentation and learning to establish necessary standards and regulations. (Source: Bloomberg) 

Unveiling FTX 2.0: Relaunch Amidst Ongoing Crypto Crackdown

FTX is proceeding with its intentions to relaunch its primary global cryptocurrency exchange. WSJ, quoting Chief Executive John J. Ray III, reported that FTX  "has begun the process of soliciting interested parties to the reboot of the FTX.com exchange." The success of "FTX 2.0", however, is unclear. Despite its tattered reputation, the larger challenge may be overcoming the ongoing crackdown on crypto. (see here for our prior coverage of this) Source: WSJ)

Former FTX CCO Sued for Silencing Whistleblowers

FTX is also suing its former Chief Compliance Officer (CCO). Daniel Friedberg has been accused in a lawsuit filed by FTX and its debtors in the U.S. Bankruptcy Court for the District of Delaware of paying off whistleblowers to suppress information about the company's alleged fraudulent activities. The suit claims that Friedberg, who also served as the General Counsel for CEO Sam Bankman-Fried's crypto hedge fund, Alameda Research, disregarded internal control deficiencies and focused on keeping whistleblowers quiet while allowing the co-mingling of customer assets, which led to the downfall of both entities. (Source: Compliance Week)

ChatGPT Plus Users Lose Browsing: OpenAI Reacts to Paywall Concerns

OpenAI has temporarily disabled the 'Browse with Bing' feature in ChatGPT Plus due to concerns about bypassing paywalls and privacy settings. The decision follows user feedback that the feature was displaying full content from URLs, infringing on content owners' rights. Despite criticism from some users, OpenAI is working to fix the issue but has not specified when the feature will be back online. (Source: Yahoo Finance)

Author: Malik Datardina, CPA, CA, CISA. Malik works at Auvenir as a GRC Strategist that is working to transform the engagement experience for accounting firms and their clients. The opinions expressed here do not necessarily represent UWCISA, UW, Auvenir (or its affiliates), CPA Canada or anyone else. This post was written with the assistance of an AI language model. The model provided suggestions and completions to help me write, but the final content and opinions are my own.

Materially Mistweeted? Tale of the Ticker Symbol

My coworkers informed of a fascinating story of how one letter and an overactive stock rumour mill can provide us a valuable lesson in defining materiality in the world of a 140 character "tweet". As described in this post on Tech Crunch, the stock, "TWTRQ", went from less than a penny to a high of $0.15, which works out to - I am relying on TechCrunch on the math on this one - to be a rise of 1,400%. Wow! Was it the birth of new valuation model that made Wall Street realize the value of TWTRQ? Did the Federal Reserve grant TWTRQ, or  Tweeter Home Entertainment Group, the right to print money out of thin air (as they do with other banks)?

Looks like the free market fundamentalist really got it handed to them on this :) 

Apparently, the collective "wisdom" of the markets that drove investors into a feeding frenzy over TWTRQ. The reason? Well, investors apparently bought the stock of this company, which has been bankrupt since 2007, thinking it was the initial public offering of Twitter (symbol: TWTR). Who would have thought to assess the materiality of a ticker symbol? Could the investors sue the auditors on this one? Now that would be a court case worth watching.  

Of course on a more serious note, it really illustrates how little people do when investing their money in stocks. We are not talking about running the latest financial model pulling XBRL tagged information in real time to determine the value of the company. We're talking about checking financial news sites to see when the stock was released. 

And to finish a lighter a note, we can at least chuckle at Despair.com's take on this.