🤖 OpenAI Suspends ByteDance’s Account

PLUS: AI Advancements = Job Loss?

Author

James Roesser
December 18, 2023

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?

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🛠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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How was today’s newsletter?

❤️AI Pulse Review of The Day

“Please post more SWE Internships! XD”

-Reva (⭐️⭐️⭐️⭐️⭐️Nailed it!)

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