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🧑‍💻 AI runs a tech company

PLUS: Tech Titans Tackle AI Regulation

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Happy Tuesday, fellow humans. 👋

Trivia Tuesday: How old was Queen Elizabeth II when she was crowned the Queen of England?

The answer will be at the end. :)

Anyway, let’s dive into some AI news it…

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🧵 In today's edition:

  • 🧑‍💻 AI runs a tech company

  • 🛸 AI Takes Flight

  • 🦸 Tech Titans Tackle AI Regulation

  • 🤑 AI Fundraising News

🤖 Top AI News

🧑‍💻 AI runs a tech company

What if AI could build and run an entire software company?

A groundbreaking study reveals how AI chatbots like OpenAI's ChatGPT can do just that with minimal human intervention.

Researchers from Brown University and Chinese universities created a virtual software company called ChatDev, staffed by AI bots, to complete the entire software development process.

Operating on the waterfall model, ChatDev went through stages of designing, coding, testing, and documenting, with AI bots handling specific roles. They communicated autonomously, from choosing programming languages to identifying bugs, resulting in software completion.

The experiment encompassed various software scenarios, and the results were astounding.

  • ChatDev completed tasks in under seven minutes, costing less than one dollar on average.

  • It identified potential vulnerabilities through self-reflection, achieving an 86.66% success rate.

Overall: While this study showcases the power of AI for software development, it's not without limitations, including language model errors and biases.

However, it hints at a future where AI-driven automation revolutionizes industries, from coding to real estate. Coders are already benefiting from generative AI tools, and these findings could pave the way for even more innovation.

🛸 AI Takes Flight

Imagine a world where AI directs the skies, optimizing routes, reducing fuel consumption, and minimizing delays.

UK researchers are making this a reality through Project Bluebird, a £15 million initiative in partnership with National Air Traffic Services (NATS), the Alan Turing Institute, and Exeter University.

Their goal? To explore AI's potential in air traffic control.

This groundbreaking project has created a "digital twin" of England's airspace, where AI takes the reins, offering environmentally friendly flight paths and reducing congestion, especially in bustling airports like Heathrow.

The project integrates AI into real-life air traffic simulations, with AI agents collaborating alongside human controllers. By 2026, they plan to conduct live "shadow trials" to compare AI decision-making with human controllers.

Overall: The potential benefits are immense, from enhancing system resilience to reducing the risk of unexpected failures. But Project Bluebird signals a promising step toward a future where AI collaborates with humans to create more efficient and safer air travel systems.

Read more: Financial Times

🦸 Tech Titans Tackle AI Regulation

Later this week, Capitol Hill will be hosting Big Tech luminaries like Elon Musk, Mark Zuckerberg, and Bill Gates to discuss the regulation of AI.

The House Oversight subcommittee, led by Rep. Nancy Mace, will simultaneously hold a hearing on how federal agencies utilize AI, with the Senate conducting AI-focused hearings to explore transparency and regulations in AI companies.

While the Capitol and Senate look at how AI will revolutionize industries, there is also a big focus on balancing the potential benefits of AI with the threats it poses, such as job disruption and disinformation campaigns.

The timeline for AI legislation remains uncertain, and these forums signal a critical step toward understanding and regulating the AI landscape.

Overall: With tech CEOs and experts under one roof, the AI Insight Forum promises to be a pivotal moment in shaping the future of artificial intelligence, ensuring that innovation thrives while protecting society from AI's potential pitfalls."

Read more: NBC

🤑 AI Fundraising News

Scala Biodesign raises $5.5m in seed funding to launch its AI-enabled computational protein engineering platform.

Mathpresso, an ed-tech company, received an $8 million investment to accelerate the development of an education-specific large language model, which will enhance its AI tutor and existing services.

🗞️ AI Quick-Bytes

What else is going on?

  1. Short-sellers reap $13 billion betting against small caps as A.I. enthusiasm creates ‘top-down set of winners’

  2. Meta is reportedly building an advanced AI-language model to compete with ChatGPT.

  3. Scala Biodesign makes it easy to re-engineer proteins one molecule at a time – or 50

  4. Google.org to invest $20M into AI-focused grants for think tanks and academic institutions.

  5. AI voices are taking over the internet

  6. These prisoners are training AI

  7. SoftBank bets on ex-Argo AI founders, Flexport' ’s founder cleans house, and Cruise digs in

🐦️ Tweet of the day

Runway shipping at lightening speed ⚡️ 

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Trivia Tuesday Answer: Queen Elizabeth was crowned at age 27 👑 

And that does it for today's issue.

As always, thanks for reading. Have a great day, and see you next time! ✌️

— Haroon: (definitely) Not A Robot and @haroonchoudery on Twitter

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