Good morning, human brains. Welcome back to your daily munch of AI news.

Here’s what’s on the menu today:

• Latest world AI regulations 🌎 

  The scoop on the US-EU Trade & Technology Council

• Combating AI hallucination 🧠

  OpenAI cracks down on LLM mistakes, starting with math 🤓

• AI on Wall Street 💸

  JPMorgan files a new trademark for their upcoming AI tool

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APPETIZER

The latest on worldwide AI regulation 🌎

A split emerges in the Biden administration: should we strictly control new AI tools like Europe is doing, or should we keep rules lax for a competitive edge against the rest of the world?

As part of the US-EU Trade and Technology Council in Sweden, both sides are discussing newly proposed EU laws, which would require AI developers to document copyrighted material used for training and track its usage.

With U.S. Congress unlikely to pass similar rules, it may be the EU who ends up calling the regulatory shots — requiring more paperwork and oversight for developing AI tools in the future via legislation similar to GDPR.

Regulatory attention is shifting to AI risks like the spread of misinformation and privacy violations.

Our take: AI regulation is essential, but striking the right balance between nurturing innovation and maintaining control is tricky. If the EU implements moves forward with stiff AI regulations, they risk pushing AI out of Europe.

One more thing: it’s a long read, but for even more context, here’s the White House’s Official National AI Research and Development Strategic Plan.

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BUZZWORD OF THE DAY

MAIN COURSE

Solving the tripping AI problem 🍄

Ok, it’s not THAT kind of hallucination…

AI chatbots periodically produce factually incorrect responses or false logic. These are known as hallucinations.

In their recent paper, OpenAI introduced process supervision. An improvement on outcome supervision, process supervision is a new method designed to combat hallucination.

In this study, OpenAI trained their model on a math data set. While in the past, ChatGPT has famously struggled with basic arithmetic, OpenAI’s new research model is stepping through some pretty gnarly trigonometry problems:

While it’s unclear how well this will translate in more general applications, it already looks like night and day.

Middle & high school math teachers… watch out.

Quick Definitions:

Outcome Supervision: The status quo RLHF training method. The model gets rewarded for a correct end result, regardless of how it got there. In this method, it’s ok to skip steps as long as the final output makes sense.

Process Supervision: A new approach. During training, the model is rewarded for each right step, encouraging sequentially correct logic and a human-like thought process.

In a time when misinformation spreads like wildfire, the importance of accurate, trustworthy AI cannot be overstated. ChatGPT’s hallucinations are making front-page headlines all over…

During a Federal case in New York, lawyers using ChatGPT produced non-existent legal cases and arguments used in a personal injury lawsuit. These lawyers could face sanctions, maybe even disbarment.

Order in the court!

A Texas judge now requires lawyers to declare (and fact-check) all AI-generated content in their cases. He’s the first to put in strict requirements, but he probably won’t be the last.

Our take: OpenAI’s new process supervision method looks like it’s unlocking some big new reasoning abilities and aligns much better with how humans think. Let’s see how it does in subsequent updates — we’re skeptically optimistic for now.

A LITTLE SOMETHING EXTRA

JPMorgan’s new AI 💸

JPMorgan Chase is developing a generative AI tool. They’ve dubbed it: IndexGPT.

The finance giant intends to apply it in advertising, business consulting, and various finance-focused software services.

CEO Jamie Dimon is bullish on AI and big data.

He revealed that the company is already leveraging AI in 300 different applications, ranging from risk management to customer experience.

As of now, there is no official release date for IndexGPT.

Our take: It’ll be interesting to see how JPMorgan navigates privacy and AI safety when its sole mission is to maximize profit…

MEMES FOR DESSERT

YOUR DAILY MUNCH

Think Pieces

Pew Research: Only 14% of American adults have used ChatGPT even though a majority have heard of it.

Sam Altman: future plans for OpenAI.

The Center for AI Safety: Official statement on the risks of AI. If you wish, you can add your signature.

Startup News

OpenAI releases its security portal, covering data privacy, legal and compliance policies, etc…

OpenAI is awarding several $100,000 grants to better understand AI governance.

Research

Diffusion Language Models Based on Likelihood: Clever tweaks that make language models 10x more efficient.

LLM’s: An A-Z guide covering everything from training, building, and getting the most out of your large language model.

Tools

Learn.xyz: Learn anything via AI-generated and curated courses. Use code “boteatbrain“ for early access.

Roll: A new iOS App that brings film-quality production to iPhone videos.

AI ART-SHOW

Until next time 🤖😋🧠