🤖 ARTIFICIAL INTELLIGENCE

Artificial General Intelligence remains a distant dream despite LLM boom

• AGI is still a distant goal despite the popularity of LLMs

• Cognitive scientists are questioning the claims made by companies like OpenAI and Microsoft regarding AGI.

• There is a debate about ownership of the intellectual landscape and the neglect of decades of scientific research.

• AGI, also known as strong AI, aims to distinguish between systems that produce results and those that can think.

• While LLMs have shown impressive results, some experts argue that they are primarily predictive and lack a deeper understanding of language and knowledge.

• The transparency of training data and methods used by companies like OpenAI has also been criticized.

Generative AI’s secret sauce — data scraping— comes under attack

• Data scraping practices for training generative AI models are facing scrutiny and legal challenges.

• OpenAI has been hit with two lawsuits, one alleging unlawful copying of book text and the other claiming privacy law violations.

• Twitter has limited access to its data to curb the effects of AI data scraping.

• Google confirmed that it scrapes data for AI training and updated its privacy policy accordingly.

• The public is becoming more aware of where the data for generative AI models comes from, leading to increased debate.

• Companies are seeking ways to restrict access to their data and maximize its use and monetization opportunities.

AI's Teachable Moment: How ChatGPT Is Transforming the Classroom

• Teachers and students are using AI tools like ChatGPT and Midjourney in the classroom.

• AI raises concerns about cheating and plagiarism while also preparing students for a future with AI.

• The transformative and concerning aspects of AI tools are being explored.

• The US Department of Education acknowledges the potential of AI in teaching but expresses concerns about student surveillance and teacher replacement.

• Teachers are addressing challenges like cheating, integrating AI in assessments, and building relationships with students.

• AI integration requires AI literacy and ethics education and bridging the digital divide.

⚡️ POWER PROMPTING!

Imagine you are a financial planning AI assistant, and a client comes to you seeking advice on how to diversify their investment portfolio. The client has a steady income and a decent amount of savings, and they're interested in a balanced approach that includes a mix of real estate, stocks, and bonds.

In your detailed response, please include:

An assessment of the benefits and risks associated with each type of investment.

An ideal distribution of their savings into each investment type considering their financial situation, risk tolerance, and long-term financial goals.

The factors they should consider when choosing specific stocks, bonds, or real estate properties.
Advice on how to monitor their investments and when to consider rebalancing their portfolio.

Any key tax considerations related to each type of investment.

This advice should be clear, practical, and aim to help the client make informed decisions about their investments.

Want to submit your own? Tweet me @MarcHoag!

🤖🔥🤯 COOL AI TOOLS, APPS, VIDEOS, PODCASTS, LINKS, AND MORE!

• UserPersona.dev: AI-generated personas for your app.

• Tability.io: AI-powered OKRs for teams.

• Disperto.com: AI generate anything.

🌡️ CLIMATE CHANGE & CLEAN ENERGY

Bill Gross sees a rebound for climate-tech growth funding

• Investor Bill Gross predicts a rebound in growth funding for climate tech startups in the near future.

• The drop in growth funding has made it challenging for young climate tech companies to grow.

• Gross points to factors such as increasing awareness of climate change, the establishment of more climate tech funds, supportive legislation like the Inflation Reduction Act, and stabilizing interest rates as potential catalysts for increased funding.

• Climate tech funding in the first half of 2023 declined overall, with a 40% drop compared to last year.

• Mature startups will need to prepare for a more challenging funding environment, with competition for limited investment and the need for stronger financial positions.

Eliminating food waste is the next frontier in saving the planet

• Businesses and individuals are seeking ways to reduce carbon emissions, and one effective method is to tackle food waste.

• In the US alone, approximately 40% of the food supply is wasted, resulting in the emission of CO2 equivalent to 212 million cars.

• Startups like Fridgely and Mill are addressing the food waste issue through innovative solutions.

• Fridgely is an app that helps users avoid food waste, while Mill collects wasted food and converts it into usable food grounds, starting with chicken feed.

• These startups demonstrate how technology and recycling can contribute to reducing food waste and its environmental impact.

Airmo combines space and climate tech with emissions-monitoring satellites

• German startup Airmo plans to launch a 12-satellite constellation to monitor greenhouse gas emissions worldwide.

• Airmo secured €5.2 million ($5.7 million) in pre-seed funding, including a €3.7 million contract with the European Space Agency (ESA).

• The company will use the funding to launch its first satellite equipped with spectrometer and lidar technology for real-time GHG detection and measurement.

• Airmo's micro-lidar solution improves measurement accuracy by compensating for atmospheric winds and aerosols.

• Revenue will be generated by companies paying for access to emissions data, and Airmo is an official partner of the Oil and Gas Climate Initiative.

• The funding round was led by Findus Venture, with participation from other investors, and the ESA contract was awarded through its InCubed program.

🚗 AUTONOMOUS & ELECTRIC VEHICLES

Black Sesame, Chinese auto chip challenger to Nvidia, burns $140M a year

• Chinese auto chip maker Black Sesame, seen as a potential rival to Nvidia, Qualcomm, and NXP Semiconductors, has filed for an IPO in Hong Kong.

• The company's revenue has grown significantly over the past three years, but its losses have also increased, raising concerns about its profitability.

• Black Sesame's most advanced chip, designed for Level 3 autonomous driving, offers 160+ TOPS of computing power, with a future version targeting 200+ TOPS to compete with Nvidia's Drive Orin.

• The company relies on access to the global supply chain, including manufacturing by TSMC, which could be affected by trade policies and restrictions.

• Black Sesame has raised around $115 million from investors such as Nio Capital, Dongfeng Motor, and Bosch's Boyuan fund.

• Its financial performance depends on government grants, tax incentives, and a major customer that accounted for a significant portion of its revenue in the past year.

Tesla tells EPA US could go all-electric by 2030, would settle for 69% of new sales

• Tesla submitted a comment to the EPA stating that the United States could go all-electric by 2030, but it would settle for 69% of new car sales being electric.

• The EPA is finalizing vehicle standard emissions limit rules for 2027-2032 and is considering comments from automakers.

• Tesla believes that pushing for 69% of new vehicles to be electric by 2032 is reasonable and sees a legal basis for even more stringent standards to end internal combustion engine vehicles by 2030.

• While legacy automakers have been resistant to the goal of full electrification, Tesla is already at 100% new sales being all-electric.

• The pace of electric vehicle sales in the US has been increasing, with Tesla playing a significant role, and there is potential for EVs to make up over 30% of new car sales by 2025.

• The US market needs more high-volume EV programs and a shift in consumer mindset to further accelerate the adoption of electric vehicles.

Tesla Rival Fisker Unveils Its Luxury Sports Electric Vehicle

• Fisker, a Tesla rival, unveils new models including the Ocean SUV and the upcoming Pear small crossover and Ronin GT sports luxury EV sedan.

• Fisker's Ocean SUV aims to compete with Tesla's Model Y and Ford's Mustang Mach-E in the mid-range EV market.

• The Los Angeles-based EV maker has cut its production forecast for this year but continues to expand its EV lineup.

• General Motors is expected to release the highly anticipated Chevy Silverado EV pickup, while Stellantis plans to enter the electric pickup market with the Ram 1500 REV in 2024.

• Tesla's CEO Elon Musk has teased the delivery of the Cybertruck, generating excitement and anticipation within the EV community.

🎉 THAT’S ALL FOR TODAY!

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Thanks for reading!

-Marc 👋

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