Buzzfeed to use AI for content creation, stock up 150%

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AI Image of The Week

Prompt: Tauren character, samurai, digital painting, katana, fire, vector illustration, low color, abstractEngine: Midjourney v4

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AI and Machine Learning

AI wrote a bill to regulate AI. Now Ted Lieu wants Congress to pass it (3 minute read)Rep. Ted Lieu, D-Calif., has come up with a unique approach to getting Congress to support regulating artificial intelligence. He plans to introduce a nonbinding measure on Thursday that was written entirely by the online AI chatbot, ChatGPT. This resolution calls for Congress to focus on AI and acknowledges the potential positive impacts of artificial intelligence. It also specifically outlines Congress’ “responsibility to ensure that the development and deployment of AI is done in a way that is safe, ethical, and respects the rights and privacy of all Americans.”

Machine Learning AI Has Beat Chess, but Now It’s Close to Beating Physics-Based Sports Games as Well (4 minute read)Artificial intelligence is known for being able to beat chess and Go, but how does it fare in the exciting and fast-paced game of Rocket League? While AI may not be able to perform a boosted 360 aerial bicycle kick power shot just yet, it can still impress players with its impressive ball handling skills. In fact, some players have recently reported encountering machine learning-based AI in their games of Rocket League that are so skilled, they're driving players up the wall (sometimes literally, in the game). Videos of these bots have been popping up on online forums, showing off their impressive abilities.

AI has designed bacteria-killing proteins from scratch – and they work (2 minute read)An artificial intelligence (AI) has designed anti-microbial proteins that were then tested in real life and shown to be effective. This approach could potentially be used in the future to create new medicines. Ali Madani at Profluent, a biotechnology start-up in California, and his team used an AI called ProGen to design millions of new proteins. ProGen learned how to generate new proteins by analyzing the structure of 280 million existing proteins. The researchers then created a small sample of the proteins designed by the AI to test their effectiveness. This innovative approach has the potential to revolutionize the way we create new medicines.

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Business

BuzzFeed says it will use AI tools from OpenAI to personalize its content (9 minute read)BuzzFeed plans to use AI tools provided by OpenAI, the creators of ChatGPT, to enhance and personalize its content. This was announced in a memo sent to staff by CEO Jonah Peretti, and confirmed in statements given to The Verge. Peretti believes that AI will be one of the two major trends defining the future of digital media, with the other being "creators." In 2023, BuzzFeed will launch "AI inspired content" on its site, which will enhance the quiz experience, inform brainstorming, and personalize content for its audience.

Financial services firms investing in AI for digital future (4 minute read)Financial services firms are embracing the future of technology and viewing digital transformation as essential for their business, according to a new report by Broadridge Financial Solutions. The 2023 Digital Transformation and Next-Gen Tech Study found that 71% of firms believe that artificial intelligence is significantly changing the way they work, and 60% anticipate that blockchain and distributed ledger technology will become the core of financial markets infrastructure within the next 10 years. Despite a tough economic climate, these firms are also increasing their investment in digital transformation initiatives, allocating 27% of their overall IT budget to these efforts, a 16 percentage point increase from the previous year's study. It looks like the future of managing money is becoming increasingly digital!

Asset Managers Can No Longer Ignore Machine Learning (3 minute read)Asset managers are considering how to integrate machine learning into their investment process, and researchers at Robeco have found that it can significantly improve the process. They found that machine learning models can improve investor predictions better than other quantitative models. The models can also be used in various ways, from predicting corporate bond yields to market betas. The research suggests that "Machine learning is well equipped to deal with large sets of features and ‘learns’ to give the most weight to the most relevant variables." This can be a game-changer for asset managers and investment process.

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