AI Expectations vs. Reality & The Battle Against Deepfake Pornography
Welcome to this edition of our newsletter filled with critical insights on AI and its real-world challenges.
In the race to integrate artificial intelligence into our daily lives, many of us have found the actual impact of AI to be far less revolutionary than promised. Meanwhile, the darker side of technological advances, such as nonconsensual deepfake pornography, poses significant societal challenges. Join us as we delve into these pressing issues, explore the latest developments, and discuss what lies ahead.
Exploring why AI is not meeting its lofty expectations
Europe's struggles against nonconsensual deepfake pornography
The privacy and job implications of security robots
New rapid-capture electron microscope breakthrough
Environmental impacts of sustainable AI practices
Preparing cryptography for quantum computing challenges
Volkswagen's multiplayer games in electric vehicles
Efficiencies gained from virtual commercial cards
OpenAI's strategic move with a former Meta executive
Hackers exploiting PWAs for banking credential theft
Apple is developing a personalized AI interaction experience
Now, let's explore these topics further to better understand the dynamics at play and how they shape our technological landscape and daily lives.
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📰 Feature Articles
Hype vs. Reality: Why AI Isn't Meeting Expectations
The excitement surrounding artificial intelligence (AI) has been immense, but its impact appears limited. Despite predictions of widespread adoption, only a tiny percentage of businesses have integrated AI, with many finding it inapplicable to their operations. The anticipated revolution in employment and organizational change has yet to materialize, with most companies seeing little to no impact. This article explores the reasons behind the slow adoption of AI, highlighting the importance of a strategic, measured approach for businesses considering AI integration. (Forbes)
Combating Nonconsensual Deepfake Pornography: Europe's Urgent Challenge
The rise of nonconsensual deepfake pornography, fueled by advancements in AI, poses a significant threat to society. Despite regulatory efforts in the UK and EU, existing laws struggle to fully address this digital abuse. This article explores the complexities of regulating nonconsensual deepfake content, highlighting the need for clear, enforceable legislation across Europe. It also emphasizes the role of AI in detecting and removing harmful content and the importance of a societal shift in understanding and combating this form of online abuse. (TheNextWeb)
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🗞️ In Other News
Jenna Ortega deleted her X account after being disturbed by explicit AI-generated content involving her as a child. (LadBible)
Security robots are increasingly used alongside human guards, raising concerns about privacy, job displacement, and effectiveness. (CNN)
Scientists have developed a new microscope that can capture the rapid movement of electrons at unprecedented speeds. (Futurism)
There is a growing need for more sustainable AI practices due to the significant environmental impact of training and running large AI models. (Dev)
There is an urgent need for advancements in cryptography to prepare for the impact of quantum computing. (Finextra)
Volkswagen is introducing casual multiplayer games to its electric vehicles (EVs) and other cars, allowing passengers to play games. (Engadget)
Commercial card issuers can leverage the growing adoption of virtual cards to enhance payment efficiency and improve control and security. (Accenture)
OpenAI has appointed a former Meta executive, signaling its intent to strengthen partnerships and expand AI offerings. (PYMNTS)
Hackers are exploiting Progressive Web Apps (PWAs) to steal banking credentials from iOS and Android users. (Bleeping Computer)
Apple is reportedly developing an AI personality to create a more advanced, personalized interaction experience. (TechRadar)
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Elevate your trading strategy with TradingView! Access cutting-edge charting tools, real-time market data, and a vibrant trading community. Join millions of traders who trust TradingView for their market insights.
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📈 Market Updates
This week, the market focuses on significant earnings reports from tech companies like Nvidia, Salesforce, and Dell, alongside critical financial updates from retailers including Dollar General and Ulta Beauty. Critical economic data releases, such as July's inflation figures and the second quarter GDP revision, will be closely watched, as they could influence future Federal Reserve decisions. Investors will analyze these reports and data to gauge the economy's health and potential market movements. (Investopedia)
According to revised data from the Bureau of Labor Statistics, the U.S. labor market added 818,000 fewer jobs than initially reported between March 2023 and March 2024. This adjustment lowers the 12-month job growth figure to 2.1 million, with average monthly gains dropping from 242,000 to 174,000. Despite the downward revision, which some economists argue may be overstated, the stock market responded positively, with the S&P 500 rising. The revision follows trends of significant adjustments in recent years. (Forbes)
The UK stock market will be open as usual on Monday's upcoming bank holiday. Despite the bank holiday, trading on the London Stock Exchange will continue without interruption, allowing investors to conduct transactions and monitor market activities as on any regular business day. This ensures that market operations remain unaffected by the holiday, providing continuous access for participants. (MoneyWeek)
Brent crude oil prices are a vital benchmark for global oil markets, reflecting the cost of crude extracted from the North Sea. These prices fluctuate due to various factors, including supply and demand dynamics, geopolitical tensions, and economic indicators. Brent crude is widely traded and serves as a reference point for pricing other crude oil grades. The market closely monitors these prices as they influence global energy costs, economic growth, and inflation rates. (Trading Economics)
📘 Useful Tools and Resources
Dose for Excel enhances your Excel with over 100 new features and functions to boost productivity. (Dose for Excel)
Remixable automates all the key steps to running a successful Internet business. (Remixable)
Sqribble is the all-in-one fast & easy solution for Ebooks. (Sqribble)
🎉 Speakers and Events
FinovateFall New York September 9 - 11, 2024 (Finovate)
The ET Soonicorns Summit Bengaluru September 20, 2024 (Economic Times)
TradersEXPO Orlando October 17 - 19, 2024 (MoneyShow)
AI AI Boston October 16 - 18, 2024 (AI Accelerator Institute)
✅ Interactive Poll
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🤟 Closing Remarks
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