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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Reflecting on 26 months of ridicule and failure in the deep learning world, Gary Marcus maintains that reliability remains a challenge in AI development. Despite criticisms and warnings dating back to 2001, the alignment problem and other issues persist. OpenAI's partnerships with major tech companies, including Apple, raise questions about potential conflicts of interest. Despite concerns, it is believed that Microsoft's AI ambitions will not be threatened by this partnership.Investment in women's health is growing, with successful startups leading the way. Despite progress, gender disparities in funding and treatment still exist, highlighting the need for continued investment in women's health. Alphabet's Waymo is leading the self-driving car race due to its cautious approach, potentially licensing its technology to traditional automakers without resources.Attacks on Helen Toner's credibility raise concerns about transparency within OpenAI. Consensus 2024 showcased optimism in the crypto industry, hinting at growth and innovation ahead. Pinterest, MTV, and Showtime are teaming up to support cultural approaches to mental health care for young people, addressing barriers in minority communities.Barry McCarthy's resignation from Peloton highlights the challenges of CEO succession calls. XAI's Series B funding shapes the future of large language models and generative AI. Toner's revelations about Sam Altman raise questions about transparency and accountability in powerful organizations. Thank you for tuning in to OWITH.ai, stay informed and stay ahead in the world of AI and tech.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Meta's plan to charge European users for the privilege of not being tracked for ad-targeting purposes has been rejected by the European Data Protection Board (EDPB). The EDPB stated that offering users a binary choice between consenting to tracking or paying a fee is not valid consent. Privacy advocates argued that this model does not provide users with a real choice. However, in other European regulatory news, Apple's latest beta version of iOS now allows EU iPhone users to download apps directly from developers' websites, bypassing the App Store. Additionally, TikTok is under scrutiny for launching a new app without conducting a required risk assessment on its impact on young people's mental health.Former SEC crypto litigation unit chief, Ladan Stewart, recently spoke on a panel alongside outspoken blockchain lawyers. Despite leaving the SEC after leading the agency's lawsuit against Coinbase, Stewart defended the SEC's controversial approach to regulating the blockchain sector. She emphasized that the recent ruling in favor of the SEC in the Coinbase case would encourage the agency to continue bringing regulatory cases in the crypto space. The panel also delved into the question of whether tokens themselves are securities or if it is the sale that creates an investment contract. Overall, Stewart's remarks reflected a commitment to continued regulatory enforcement by the SEC in the crypto space.The role of junior VC associates in the startup funding process is up for debate, with a discussion on whether founders should spend time meeting with them. Recent venture deals include companies such as Rivos, Upstage, GridBeyond, Kontakt.io securing significant funding rounds. In terms of IPOs, Rubrik and Ibotta plan to raise significant amounts on the New York Stock Exchange. Various funds and funds of funds such as Evolution Equity Partners have raised substantial amounts for investment. Overall, there have been various acquisitions, IPOs, fund raises, and personnel changes in the financial sector recently.At the Fortune Brainstorm AI event in London, discussions were mostly optimistic about how technology will improve businesses and lives. However, there was concern about the impact of AI on elections and democracy due to its potential to spread misinformation and deepen existing divides in society. United Airlines reported a quarterly loss due to grounding Boeing 737 Max 9 planes. Deloitte's 2024 Digital Media Trends report advises media and entertainment companies to adapt to the convergence of streaming, social media, and gaming. Other news includes JPMorgan CEO Jamie Dimon's criticism of shareholder meetings and concerns about AI advancements in North American banks.The AI Index Report for 2024 covers various aspects of AI advancement, including research and development, technical performance, ethics, economy, education, policy, governance, diversity, and public opinion. Key highlights include rapid progress in generative AI investment and increased release of large language models worldwide. Despite advancements in generative AI and other technical areas, public sentiment towards AI is becoming more negative due to concerns about transparency, privacy, and responsible AI benchmarks. The report also discusses the impact of AI on productivity, job trends, and rising fear surrounding generative AI technologies.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The text discusses various key themes and issues addressed by AI industry leaders at the Fortune Brainstorm AI conference in London. Some of the topics covered include the energy consumption of AI technology, the responsibility of regulating AI, the impact of AI on employment, and the importance of building trust in AI systems. Additionally, Microsoft's investment in a UAE-based AI firm and OpenAI's expansion to Tokyo highlight the global growth of AI technology. A new AI tool developed by Fortune in partnership with Accenture to analyze and visualize data from the Fortune 500 companies was also mentioned.Transitioning to the next news, attackers are targeting open-source projects to gain powerful positions and potentially inject vulnerabilities into the code. A recent incident involved a backdoor discovered in xz utils, a data-compression toolkit used in many Linux distributions, which could have led to a major cyberattack. Open-source leaders are warning that this incident may not be isolated, and they are urging project maintainers to be vigilant against social engineering takeover attempts. The Open Source Security Foundation and the OpenJS Foundation have called on maintainers to recognize early threat patterns and protect their projects from similar attacks.Moving on, Marques Brownlee has found success by connecting directly with consumers through platforms like YouTube, podcasts, and newsletters, maintaining honesty and loyalty to his viewers. This direct connection is made possible by the Internet and AI, changing the way creators interact with their audience. Brownlee's recent review of the Humane AI Pin showcases his commitment to providing honest feedback, prioritizing the individual viewer experience over external entities. The impact of the Internet and technology on media was also discussed.Shifting focus, Coinbase CEO Brian Armstrong remains in charge of the company but relies on a team of executives to carry out his vision. The top lieutenants, COO Emilie Choi and CFO Alesia Haas, are women, representing a shift from the early male-dominated days of the company. The current team at Coinbase consists of corporate pragmatists with experience in the industry, allowing the company to become a publicly traded Fortune 500 company with increased reach and influence.Next up, a recent Fortune investigation revealed ties between TikTok and its China-based parent company ByteDance still exist, especially in data-sharing practices. Former employees have alleged that TikTok concealed its Chinese ownership and maintained close ties with ByteDance. These revelations raise concerns about potential Chinese government surveillance through TikTok's data collection. Despite these issues, TikTok remains popular among creators and consumers for its unique virality and fame potential.To continue with news updates, OpenAI, a leading AI research lab, is expanding into Japan to collaborate with government, businesses, and research institutions. This move reflects a broader trend where countries and companies are investing heavily in AI technology to secure their positions in the digital economy and global power dynamics. The global race for AI supremacy is intensifying, with major players vying for leadership in AI.This concludes our episode for today. Stay tuned for more updates from OWITH.ai - your source for essential news in AI and tech world.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The latest developments in AI have brought us new models like GPT-4 and Gemini 1.5, along with Mistral 8x22b and Command R+. Meta's Llama 3 is set to launch soon, impacting jobs and debunking false claims of being the first AI software engineer. A new era of AI-generated music is emerging, urging readers to upgrade to a paid subscription for more in-depth analyses.Reflecting on last year's AI-focused talks at TED, some discussions have held up over time, while others have fallen short due to technical limitations and ethical concerns. Realism is key in assessing AI's potential impact, eagerly waiting for this year's TED conference to see which ideas stand the test of time.The House's decision to renew Section 702 of FISA without amendments raises privacy concerns for Americans, impacting businesses and citizens alike. Other news includes Tesla layoffs, Google blocking news links, Samsung's chip cash act, and Apple's decline in iPhone shipments. The Fortune Brainstorm AI London conference discusses AI regulation and staying competitive in an era of generative AI.Bitcoin faced a sharp price drop following Iran's attack on Israel, challenging the narrative that crypto markets are a safe haven during times of war. Gold saw an increase in price as Bitcoin fell due to trader liquidations and broader market perceptions of risk. The episode serves as an early warning signal for future market movements in response to major news events.Human Ventures, led by Heather Hartnett and Joe Marchese, is close to reaching a $50 million mark for its second fund despite the challenges faced by emerging managers. With a focus on investing in growth potential categories, Human Ventures has built a successful portfolio of companies through collaboration and support for founders.As the writer prepares to stop writing a daily newsletter after almost a decade, final reflections touch on how technology transformation has shaped discussions around leadership and people. Quotes from CEOs emphasize the importance of insights from Fortune in driving business forward. The newsletter also covers news about The Boring Company, GE's leadership academy sale, Apple's smartphone sales slump, and Deloitte's digital media trends report.Thank you for tuning in to OWITH.ai for the latest updates in the AI and tech world.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Many people are fooled by large language models (LLMs) despite their obvious limitations due to their boneheaded errors and inability to fact-check their own work. Generative AI preys on human cognitive vulnerability, as highlighted in an analysis by Baldur Bjarnason. The comparison is drawn between the methodology of mentalists and the deceptive tactics of LLMs, with both relying on similar mechanisms to manipulate users. The insights into the parallels with the tech industry as a whole are recommended for readers.Elon Musk claimed that AI smarter than any human will arrive by the end of next year, prompting Gary Marcus to offer a $1 million bet that AGI superior to the smartest humans won't come by the end of 2025. The offer was raised to $10 million, but Musk has not responded. Marcus believes Musk's claim is unlikely, as there are many intellectual tasks that humans can do that AI cannot yet accomplish. Jennifer Listgarten also argues that while AI like ChatGPT can provide useful tools, they are not virtual scientists and cannot perform complex scientific tasks. Many of the tasks listed will likely remain outside the reach of AI by 2025.The trend of labeling various advancements in different fields as "a chatgpt moment" is discussed, drawing parallels to the success of the ChatGPT AI model. The psychology behind human fascination with the familiar done differently is explored, highlighting the balance between familiarity and surprise in writing and AI narratives. These comparisons serve as anchors to stabilize the narrative but also pose a risk of stopping further exploration and understanding.Elon Musk is integrating his AI chatbot, Grok, into X to provide real-time news and trending topics. Despite challenges with fake news being promoted, Musk aims to make Grok available for X Premium users to compose tweets. Concerns about spam and lack of personal authenticity that AI brings to posts exist despite Musk's push for integration.Memecoins are gaining popularity in the crypto industry, but they are seen as bad for investors and the industry as a whole due to promoting mindless speculation and greed. The CEO of VanEck believes that Bitcoin ETFs will grow once brokerages start recommending them to clients. The importance of teaching financial literacy to prevent falling victim to scams disguised as investments is highlighted.Underscore VC recently completed a generational transfer as Lily Lyman was promoted to Managing Partner. The firm closed its third fund at $58 million with investments in various companies. The transition of leadership from Skok to Lyman has been smooth despite unexpected challenges, positioning Underscore VC for success in navigating an inflection point in the industry.The use of AI in design and its potential impact on industries like architecture and engineering is discussed, highlighting the benefits of generative AI in speeding up design processes and promoting sustainability. Amazon faces a seller revolt over new fees, while Boeing supplier Spirit Aerosystems defends its use of unconventional materials in manufacturing.Artists are starting to use generative AI as a tool to enhance their creative work while addressing concerns about unauthorized training and devaluation of human creativity. Amazon's CEO is optimistic about the potential of generative AI, while Intel and Adobe are making advancements in the field. Concerns about the energy consumption of AI models persist as companies and creators explore balancing benefits with drawbacks.Thank you for listening to OWITH.ai: delivering essential updates from the world of AI and tech every day.
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Each Saturday we take the headlines of daily podcast and ask ChatGPT to create a Sci-Fi story inspired by the news. The outcome for this week is this short story.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Section 702 of the U.S. foreign intelligence surveillance act, which allows intelligence agencies to demand data from big tech companies without a warrant, is at risk of expiring. The reauthorization efforts have faced challenges, with House Speaker Mike Johnson failing to get it reauthorized. Former President Donald Trump's influence and a controversial bill choice by Johnson have hindered the reauthorization process. Critics argue that the chosen bill would weaken oversight of surveillance programs. Despite court approval for data handovers, the potential expiration of Section 702 could impact surveillance practices in the future. The debate over reauthorization and the implications for Americans' privacy rights continue to be contentious issues. The decision to reauthorize Section 702 has significant implications for surveillance practices and privacy protections in the U.S..Colossal Biosciences is a company focused on de-extinction efforts, raising over $225 million for projects such as bringing back the woolly mammoth. Their business model includes consumer education, technology spin-offs, and conservation initiatives to drive revenue and make an impact. The company has received support from various stakeholders in the venture capital and private equity sectors. In addition to Colossal Biosciences, other companies in the venture capital space that have received significant funding include COBOT, FloQast, Auradine, Novidea, Yoshi Mobility, Proxima Fusion, Udio, Mode, GTM Buddy, PVML, PeerDB, and Veremark. In the private equity space, BearCom and Behrman Capital have made acquisitions in the security solutions and dental products industries. Furthermore, Ehouse Studio acquired Commerce12, Osceola Capital recapitalized Trauma Services, and Resa Power acquired Avatt and Mountain States Transformer Service. Lone View Capital raised $850 million for its first fund focused on software, information services, and tech-enabled businesses.In the U.S., many corporate leaders are backing away from commitments to ESG topics like climate, diversity, and social issues to avoid being labeled as "woke" CEOs. However, the best companies focus on leading a great company where people are the most important asset, engaging and inspiring employees for business success. Fortune recently held a webinar featuring CEOs from Hilton, Edward Jones, and Delta, all of which were included in Fortune's 100 Best Companies to Work For list. These CEOs emphasized the importance of trust, communication, fairness, teamwork, and finding meaning in work to create exceptional workplace environments. In other news, South Korea's conservative party was rejected in legislative elections, Simon & Schuster celebrated its 100th anniversary with new investments, and McKinsey announced layoffs primarily in non-consulting departments. Business leaders are advised to focus on building trust, empowering employees, and creating purposeful work environments for long-term success.The text discusses the use of autonomous coding agents, particularly large language models (LLMs), in AI design patterns. Planning is highlighted as crucial for agents to autonomously complete tasks by breaking them down into subtasks and making dynamic decisions. Examples of LLMs adapting and succeeding unexpectedly are shared, emphasizing their potential for complex task execution. Tools like Devika, Opendevin, and Swe-agent automate software programming using LLMs. Generative AI is also discussed for brainstorming, content generation, and other tasks like code optimization and email editing. ChatGPT is popular for various purposes, with over 100 million users in November 2023.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The UK is considering banning the sale of mobile phones to children under 16 due to concerns about social media bullying, exposure to harmful content, and potential links to violent behavior. This proposal has received support from parents and lawmakers, but there are doubts about its feasibility and effectiveness. Critics argue that existing laws already address these issues, and some believe that parental responsibility should not be overridden by government intervention. If implemented, this ban would represent a significant step in protecting children from online risks, but there are challenges and uncertainties surrounding its enforcement and impact.Moving on to other news, a new US bill would require AI companies to disclose all copyrighted works used in training their models. Advancements in AI technology are promising more sophisticated reasoning capabilities. Automattic has acquired messaging company Beeper, and Bytedance's profit has seen a significant increase attributed to the success of TikTok Shop. Arm CEO predicts that AI data centers could account for over 20% of US energy usage by 2030, raising concerns about sustainability.Transitioning to the recent Google Cloud Next 2024 event, Google's CEO Thomas Kurian highlighted Google's AI infrastructure advantage and commitment to innovation. The keynote focused on Gemini 1.5, Google's most capable model yet, offering enhanced performance and long context understanding capabilities across various data types. Demos showcased Gemini 1.5's practical applications in streamlining review processes and enhancing productivity in creating marketing materials. The integration of Gemini with Google's other enterprise data services enhances its usability for businesses looking to leverage AI efficiently.Shifting gears to Binance, the new CEO Richard Teng faces challenges following a landmark enforcement action by the U.S. Justice Department. Despite maintaining Binance's status and attracting new users and funds, Teng's tenure has been marked by scandals. The recent acquisition of Gem Security by Wiz, a cloud security company, reflects the vibrant ecosystem of opportunities for companies to expand, secure funding, make acquisitions, and innovate.In other news, a new podcast called "The Next Wave: Your Chief AI Officer" is being launched, discussing the latest news in AI and featuring interviews with industry leaders. A landmark court decision by the European Court of Human Rights ruled that Switzerland had failed to comply with its duties concerning climate change.These developments are shaping the landscape for technology, climate protection, investment strategies, and innovation in various industries globally.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. The global cybersecurity workforce is experiencing a shortage of 4 million professionals despite a record high of 5.5 million currently in the field. AI tools are not expected to lead to job layoffs in cybersecurity, according to Amazon's security chief Steve Schmidt, who believes there is more than enough work given the talent gap. While AI can enhance security measures and efficiency, concerns remain about potential impacts on entry-level jobs and the industry as a whole. Tensions within Google's DeepMind unit have been reported following a merger with Google Brain, and the marketplace for AI training data is rapidly expanding. The Broadsheet newsletter provides updates on powerful women in business, AI research, and upcoming events in the industry.Senate Democrats have not yet decided on whether to make Bytedance divest from TikTok or ban it in the US. Senate Republican leader Mitch McConnell supports the push to force Bytedance to choose between divesting or facing a ban, citing China's influence and control over TikTok. The House passed a bill on the subject, but its fate in the Senate is uncertain. Commerce Committee Chair Maria Cantwell is working with Senate Democratic Leader Chuck Schumer and others to develop a plan. Cantwell is also preparing a federal privacy bill that could impact TikTok's data practices. Uncertainty about TikTok's future in the US is causing issues for Bytedance's US employees. Additionally, TikTok is making strategic moves in Europe with new offerings. In other news, Samsung is set to receive a chipmaking subsidy, Google has unveiled a new AI chip, and Microsoft is investing in Japanese data centers. Elon Musk predicts artificial general intelligence could be achieved within the next year or two.A mathematician named Avraham Eisenberg made $100 million by manipulating a decentralized finance platform called Mango Markets. He traded with himself using futures accounts to drive up the price of a token, borrowed $110 million against his illusory gains, cashed out, and left other users in the lurch. Eisenberg defended his actions as being within the rules of the platform and the norms of degen culture but is facing fraud charges for his actions. His case will set a precedent for how the legal system handles decentralized finance. The crypto industry continues to attract investments, with startups receiving $2.5 billion in the first quarter of the year. Ethereum's price surged due to rumors of an ETF approval while hackers have targeted over 2,000 WordPress sites with fake NFT promotions that drain users' crypto wallets.Alleycorp, a firm led by serial entrepreneur Kevin Ryan, has raised a $250 million fund, taking on external investors for the first time. The firm has a track record of incubating successful companies such as MongoDB, Gilt Groupe, and Business Insider. Ryan aims to transition Alleycorp into a more sustainable and long-term venture capital firm, similar to established firms like Venrock or Bessemer. The new fund will allow Alleycorp to continue its strategy of investing in early-stage companies. Ryan's reputation for providing direct feedback to help people grow is reflected in his approach towards founders. Moving forward, Alleycorp intends to maintain its current strategy but aims to achieve the longevity of firms like Venrock or Bessemer. The firm remains committed to investing in New York City's tech scene while also expanding its reach nationally and internationally. The fund structure transition marks a significant milestone for Alleycorp as it seeks to build a sustainable and enduring venture capital firm.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The text discusses various topics related to artificial intelligence, including Sora, OpenAI's text-to-video AI. Transitioning to Lavender, an AI machine directing Israel's bombing spree in Gaza, the rise of AI music from Suno to Udio is highlighted. Furthermore, a logic problem that GPTs may never solve is mentioned, along with how LLMs can downplay their intelligence to act as children. Lastly, the concept of an "Ask My Life" app is introduced. The author also mentions the option to upgrade to a paid subscription for more in-depth content on AI and technology.Apologies for the broken link in the previous post. The corrected link to the new paper on scaling and AGI can be found here. Thank you for your support. -Gary Marcus sent this email out. Subscribe here for more updates. For the full experience, upgrade your subscription. Subscribe to Marcus on AI for more updates from Gary Marcus. Email Gary Marcus at 548 Market Street PMB 72296, San Francisco, CA 94104 to unsubscribe.The text discusses how scaling neural networks will not lead to Artificial General Intelligence (AGI) as previously thought. Neural networks have trouble generalizing beyond their training examples, limiting their ability to reason and plan reliably. This leads to a constant need for more data and raises ethical concerns. An entrepreneur and computer vision researcher, Chomba Bupe, highlights the diminishing returns of scaling in a new preprint. Alternative approaches that can generalize better beyond the training data are emphasized by Marcus to achieve AGI. The American Privacy Rights Act (APRA) is a proposed federal data privacy law that aims to give Americans more control over their personal data. The bill includes provisions such as the right to opt out of targeted advertising, access, correct, and delete personal data, demand a downloadable version of data, and opt out of algorithmic decision-making. APRA aims to create a uniform standard for data privacy across states, pre-empting existing state laws. The bill has bipartisan support and backing from major tech firms but may face opposition from stakeholders concerned about restricting companies' use of personal data.The text discusses a trend piece from the Wall Street Journal that suggests Costco's gold bars are popular among millennials. However, the author questions the validity of this trend, pointing out that the evidence is anecdotal and not based on solid data. Recent developments in the crypto industry are also mentioned, such as Galaxy raising $100 million for a new venture fund. Additionally, Pantera Capital's liquid token fund had a 66% return in the first quarter.Ryan Hinkle shares career advice on how to break into venture capital and build a successful career in the industry. He emphasizes the importance of enjoying the work, liking the people you work with, and being a meaningful part of the workforce.The text discusses Elon Musk's unfulfilled promises regarding Tesla's Full Self-Driving (FSD) technology. It highlights Tesla's struggles in the electric vehicle market against Chinese competitors offering lower-priced alternatives and declining market share in the global EV industry. Safety concerns and missed sales expectations have impacted Tesla's credibility and stock performance. It also addresses slow progress in artificial intelligence development and invites readers to participate in a survey on AI Supremacy to gather feedback and improve content.Overall, these topics shed light on important developments in artificial intelligence and technology that are shaping our present and future landscape.
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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. The ethical concerns and challenges faced by major AI companies in the race for data have raised legal and ethical issues. Researchers like Gary Marcus warn about the brittleness of deep learning systems and call for a more open-minded approach in AI research.OpenAI unveiled a voice engine, while Auren Hoffman's article emphasizes the importance of spending time alone for personal growth. Apple's launch of Realm for more natural interactions with Siri is also highlighted in the Sunday Signal newsletter.Information pollution due to AI-generated misinformation is a growing concern, with calls for transparency in labeling AI-generated content to prevent the spread of false information. Gary Marcus emphasizes the need for accountability and regulation to address this issue.Reflecting on his passion for singing and writing, the author discusses his internal conflict between writing and his fascination with AI. Despite seeing the potential benefits of AI, he is critical of its potential to stifle human creativity.OnlyFans creators are using AI chatbot companies to chat with fans, raising concerns about the impact on human chat workers and potential ethical issues. The use of AI chatbots in the adult entertainment industry raises questions about ethics, oversight, and the impact on human workers.Ripple plans to launch a stablecoin pegged to the U.S. dollar, entering a market dominated by Tether and Circle. The success of Ripple's stablecoin will depend on partnerships with platforms and distinguishing itself from competitors like Tether.CEOs are optimistic about the global economy, with a focus on AI and transformation driving their positivity. Insights on labor issues, customer value, health care costs, and the impact of AI on industries like healthcare are shared.Top AI tools for work and productivity are discussed, highlighting the impact of tools like Quillbot, Leonardo, Perplexity, and more on workplace productivity. The growth of generative AI tools for work is also emphasized in the report by Flexos.
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