Welcome back AI enthusiasts!
In today’s AI Report:
🔐OpenAI Suspends ByteDance’s Account
📊AI Advancements = Job Loss?
🛠5 Trending Tools
💰Venture Capital Updates
💼Who’s Hiring?
Read Time: 3 minutes
🗞RECENT NEWS
BYTEDANCE
🔐OpenAI Suspends ByteDance’s Account
Image Source: Jim Watson/AFP/Getty Images
ByteDance, a Chinese technology company known for creating TikTok, secretly leveraged OpenAI’s technology to develop a competing language model.
Key Details:
ByteDance launched “Project Seed” to develop a Large Language Model (LLM) to compete with established conversational chatbots like OpenAI’s ChatGPT.
Employees relied heavily on OpenAI’s API to enhance the flow of information between different programs and integrate AI capabilities into existing applications.
ByteDance directly violated OpenAI’s terms of service: “Our model output can’t be used to develop any models that compete with our products and services.”
Why It’s Important:
Employees involved with “Project Seed” have communicated through Lark, ByteDance’s internal communication platform, discussing how to “whitewash” the evidence through “data desensitization” systems.
Fending off rivals requires matching their capabilities. To gain a foothold over leading foreign competitors, ByteDance disregarded ethics, principles, and the law to enhance its Doubao chatbot.
JOB MARKET LANDSCAPE
📊AI Advancements = Job Loss?
Image Source: Scout/Amazon/Shutterstock
Recent data suggests AI-inspired layoffs are on the rise, with 29% of employees believing AI systems can automate their daily tasks.
Key Details:
According to a study of 750 business leaders using AI models from ResumeBuilder, 37% claim the technology will replace workers in 2023.
Meanwhile, 44% of companies assume AI models will lead to layoffs in 2024.
Layoffs are a reality, but AI advancements are enabling business leaders to restructure and redefine the jobs we do.
Alex Hood, chief product officer at collaboration software company Asana, estimates half the time spent at work is “work about work.” Hood’s referring to status updates or cross-department communication.
Elon Musk insists the technology will “get humans to a point where no job is needed.”
Why It’s Important:
With AI tackling task-based work, employees have an opportunity to move up the value chain and focus on integrating, structuring, or defining what the task-based work is.
There’s no historical evidence that technological advancements result in mass unemployment. The workforce is malleable, and early innovation-focused adopters are positioning themselves for growth, stimulating employment.
🩺 PULSE CHECK
Do you believe the fear of AI models leading to mass layoffs in 2024 is valid?
🛠TRENDING TOOLS
📔Notebook LM instantly becomes an expert in the information that matters most to you.
🐙Inkey is a personal AI tutor who writes your essays, finishes your assignments, and builds your resume.
☎️Vibrato is an AI assistant that makes phone calls for you.
📆CalAI is the world’s first open-source AI scheduling assistant.
🛩GPT Pilot writes scalable apps from scratch for developers.
💰VENTURE CAPITAL UPDATES
Nearpay raises $14M in series A round to redefine the future of payments.
Distributional secures $11M, led by Andreessen Horowitz, to make AI safe, secure, and reliable.
Virtuleap raises $2.5M to use VR and AI for brain health.
💼WHO’S HIRING?
Hugging Face (Remote): ML Engineer Hardware Efficiency Intern, Summer 2024
Shield AI (Dallas, TX): Finance Intern, Summer 2024
Netflix (Los Gatos, CA): Data Engineer Intern, Summer 2024
🤖PROMPT OF THE DAY
MENTOR
🥊Lived Experiences
You’re an elite [Career (e.g., Financial Analyst)], and I’m your student to whom you must pass on your knowledge and expertise.
In a series of sessions, you must fulfill this duty and see that I’ve mastered [Concept] by giving me tests I’ll encounter in the real world.
Career = [Insert Here]
Concept = [Insert Here]📒FINAL NOTE
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