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☆ AI deepfakes are poised to enter court proceedings at time of low trust in legal system
▼ + stars: | 2024-03-06 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

"The chances of someone abusing this technology today is likely already happening," said Jay Madheswaran, CEO and co-founder of AI legal case assistant Eve. This is a threat to the judicial system around the world. The risk of alteration in the judicial processIn addition to the risk of altered evidence, streamlining court reporting with AI opens up the doors to alteration. Traditional court reports take an oath of accuracy and impartiality, something that could be lost with AI without appropriate legislation. According to the National Artificial Intelligence Act of 2020, AI can "make predictions, recommendations or decisions influencing real or virtual environments."

Persons: Sora, Jay Madheswaran, Sarah Thompson, Thompson, Kristin Anderson, Melissa Buchman, Madheswaran, deepfakes Organizations: National Court Reporters Association, Los Angeles San, Los Angeles San Francisco Daily Journal, Stanford University, Federal, MIT, Northwestern, National Artificial Intelligence, deepfakes, Pew Research Center Locations: Judicial, Denton County , Texas, California, Los Angeles San Francisco, American

☆ Generative AI is the talk of the town, but businesses are still not ready for it, survey shows
▼ + stars: | 2024-03-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

"There is a misconception about how easy it is to run mature, enterprise-ready, generative AI," said Stela Solar, Inaugural Director at Australia's National Artificial Intelligence Centre in the survey report. Meanwhile, 56% of the respondents said their IT investment budgets, in general, were a limiting factor in rolling out generative AI. Other barriers to generative AI adoption according to the survey respondents included the lack of relevant generative AI skills. Disruptors versus the disruptedStill, the survey reflected overall positive sentiments about the future role of generative AI in business. While six of 10 respondents expect generative AI to substantially disrupt their industry in the next five years, 78% see it as a competitive opportunity.

Persons: skilling, Chris Levanes, Laurence Liew, Geraldine Kor Organizations: Istock, MIT Technology, Telstra, Artificial Intelligence, South, MIT, Singapore, Telstra International Locations: Australia, South Asia, Singapore

☆ Alphabet's AI lab, DeepMind, cut employee costs by nearly 40% in 2022, alongside a drop in profit
▼ + stars: | 2023-10-11 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

Alphabet 's AI lab, DeepMind, cut employee costs by 39% last year, according to a recent filing with a U.K. government agency. For the 2022 financial year, staff costs and other related expenses were 594.5 million pounds (nearly $731 million), down from 969.4 million pounds (nearly $1.2 billion) in 2021 — translating to an almost 39% reduction in employee costs, per the filing. Following DeepMind's employee cost cuts in 2022, Alphabet executives discussed plans to allocate resources to key revenue drivers, such as AI, on its first-quarter earnings call of 2023. "Beginning in the second quarter of 2023, the costs associated with teams and activities transferred from Google Research will move from Google Services to Google DeepMind within Alphabet's unallocated corporate costs," Pichai said during a spring earnings call. DeepMind's 2022 profit was about 60.9 million pounds (nearly $74.9 million), down from 102.4 million pounds (nearly $126 million) in 2021 — a decrease of more than 40%.

Persons: DeepMind, Sundar Pichai, Pichai Organizations: Google, Google Research, Google Services Locations: Edmonton, Canada

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