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Bank of England Warns of AI Market Manipulation, Synthesia Partners with Shutterstock
Bank of England says AI software could create market crisis for profit
Image Source: Guardian
• Bank of England warns that increasingly autonomous AI programs could manipulate markets to create crises for profit.
• The Bank of England's financial policy committee highlighted the risk of AI exploiting profit-making opportunities in a report on the City's growing use of the technology.
Autonomous AI Could Wreak Havoc on Stock Market, Bank of England Warns
Image Source: Gizmodo
• Bank of England warns about the potential negative impact of autonomous AI on the stock market due to convergence of trading strategies.
• The concern is that AI bots could worsen market downturns or create bubbles by adopting similar trading strategies.
AI avatar generator Synthesia does video footage deal with Shutterstock
Image Source: Guardian
• Synthesia, an AI avatar generator startup, has entered into a licensing deal with Shutterstock to utilize its corporate video footage to enhance the realism of its avatars.
• By incorporating Shutterstock's video clips into its latest AI model, Synthesia aims to improve the expressions, vocal tones, and body language of its avatars for more human-like performances.
Dr Oz tells federal health workers AI could replace frontline doctors
Image Source: Guardian
• Dr. Oz suggests to federal health workers that AI models could outperform frontline human physicians in healthcare, citing cost-effectiveness and patient preference.
• The discussion revolves around the potential use of AI in healthcare, particularly for tasks like diagnosis, emphasizing cost savings and patient satisfaction.
Indian Startup Unveils System to Run AI Without Advanced Chips
Image Source: Bloomberg
• Ziroh Labs, an Indian startup, collaborated with researchers to create a cost-effective system capable of running large AI models without high-end computing chips like Nvidia Corp's.
• The system developed by Ziroh Labs showcases a significant advancement in the field of AI by enabling AI operations to be carried out without the need for expensive specialized hardware.