Powered by Data — July 29, 2024

Cihan Abut

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Powered by Data

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Jul 29, 2024

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Last Week in Conversational AI

• On July 25, 2024, Google announced significant updates to its Gemini platform. The free tier now includes Gemini 1.5 Flash, which offers faster, more accurate responses and a quadrupled context window of 32K tokens. Users can also upload files for analysis and get related content links in responses to reduce hallucinations and improve information accuracy. Gemini is expanding to over 230 countries and territories and rolling out to more languages in Google Messages and its mobile app. Additionally, Gemini for Teens is launching globally with safeguards and educational resources. This update emphasizes improved AI quality, user accessibility, and responsible AI use.
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• Recent tests reveal that AI chatbots struggle with real-time political news. Most bots provided outdated or incorrect information following significant events like Biden’s withdrawal from the 2024 race and a Trump rally shooting. For example, ChatGPT initially denied the Trump incident before updating its response. Microsoft’s Copilot and Google’s Gemini showed some improvements, with Copilot redirecting users to Bing and Gemini limiting political queries. Experts note that while chatbots are good at conversation, they are not yet reliable for immediate news updates, underscoring the continued importance of traditional news sources.
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• China is rapidly closing the AI gap with the United States, as evidenced by recent developments showcased at the World Artificial Intelligence Conference in Shanghai. Chinese companies like Kuaishou are unveiling advanced AI technologies, such as Kling, a video generator that brings old photographs to life. Unlike American counterparts like OpenAI’s Sora, which is not yet widely available, these Chinese innovations are already accessible to the public. While U.S. firms express concerns over AI’s potential risks, including misinformation, Chinese companies are more open with their technologies, often releasing them as open source. This openness enables faster global dissemination and adaptation of AI tools.
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• JPMorgan Chase has launched a generative AI tool akin to OpenAI’s ChatGPT for its employees. Named LLM Suite, this AI product assists with tasks like writing, idea generation, and summarizing documents, primarily benefiting the asset and wealth management division. Approximately 50,000 employees now have access to LLM Suite. This move follows Morgan Stanley’s deployment of a similar AI-powered chatbot last September.
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