Insider’s Edit: The Future of AI: Cheap Clones and the Potential Job Apocalypse
AI Business
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This week Insider’s Edit brings you the most read articles in the past week. Find out about a customizable chatbot Dolly that is a $30 version of ChatGPT, Elon Musk and others calling for a pause on development of these AI models and scary predictions of AI wiping out one-fourth of current jobs. These news and insights are brought to you by AI Business.
1. Generative AI: Should development be paused?
Tesla’s CEO Elon Musk and Apple co-founder Steve Wozniak have both expressed their support for pausing the training of models to the level of GPT-4 until appropriate guardrails are developed. They argue that AI systems have the potential to cause significant harm if not developed responsibly and that there is a need for more regulation to ensure that AI is used in a way that benefits humanity.
The debate over the risks and benefits of AI is ongoing, with experts calling for greater research to inform future policy decisions. But are they merely getting in the way of technological advancement?
2. Goldman Sachs predicts AI automation to replace up to 25% of current employment
Goldman Sachs' report offers a thought-provoking insight into the potential impact of generative AI technology on the job market. While the prospect of automation replacing millions of jobs may sound alarming, the report also highlights the potential benefits and opportunities that this technology could bring.
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It raises important questions about the future of work and the role of education and training in preparing individuals for a rapidly changing job market. Overall, the report provides a glimpse into a future that is both exciting and uncertain.
3. ChatGPT ‘clone’ Dolly developed for just $30
Dolly, a ChatGPT-like chatbot, is a customizable AI model created by Databricks for just $30. Even though Dolly has been trained on a smaller and older language model, the output quality was similar to ChatGPT. Databricks said the goal was to make it affordable for companies to create their own customizable AI-powered chatbots trained with proprietary data.
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1yPausing AI development would be an irresponsible move. - Who would set the guidelines for it to be unpaused? - Would other countries stop development as well? - Why would legislature be written after nearly 100 years of being ignored? The Goldman Sachs point is sensationalist and limited. - Maybe 25% of job functions will be wiped out, but 25% of jobs won’t be eliminated. - If there are 25% of jobs eliminated, an equal or larger amount of jobs will be created. Cheaper, more efficient AI models are expected, just like every other technological invention. Super computers used to cost thousands and you get exponentially better performance for a fraction of the cost now.