AI: now in a geopolitical warfare!

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🥵HOT TAKES

💬$3B Lawsuit Against Microsoft, OpenAI Over ChatGPT's Alleged Privacy Breach

Microsoft and OpenAI face a $3B lawsuit from sixteen pseudonymous plaintiffs alleging the unauthorized collection and disclosure of personal data via AI products based on ChatGPT. Accusations include unregulated scraping of 300 billion words from various sources, including personal data. The plaintiffs argue that the defendants have failed to adequately filter personally identifiable information in their AI training models, potentially putting millions at risk. The lawsuit seeks class-action certification and alleges violations of multiple privacy acts.

💻 AI Chip Export Ban: A 'Geopolitical Economic Warfare', Warns Analyst

Possible new US restrictions on AI chip exports to China are being described as 'geopolitical economic warfare'. The curbs, potentially impacting China's economic and military growth, could deepen beyond last year's restrictions on machinery for advanced chip technologies and Nvidia's A100 and H100 circuits. China's retaliatory actions against US companies are anticipated, possibly affecting businesses reliant on Chinese supply chains.

💰 AI: A 'Mega Force' Boosting Returns, BlackRock Highlights

Investment giant BlackRock, managing $10 trillion in assets, has named artificial intelligence (AI) a "mega force" driving significant returns in the current "unusual" market, according to its mid-year outlook report. Noting AI's potential for automation and data leveraging, it anticipates cost savings, profit margin boosts, and innovative business models. However, critics argue that potential US export restrictions on AI-focused chips could negatively impact AI-related company shares.

🧠AI Adoption May Degrade Workers' Mental Health: Expert Alert

Rapid adoption of generative artificial intelligence (GenAI) tools, such as OpenAI's ChatGPT, could negatively impact workers' mental health, warns KPMG U.S. Deputy Chair and COO Laura Newinski. Stress from sudden job transformations fears over job loss, and the ability to adapt to new positions have been identified as major concerns. Newinski urges employers to aid workers in adjusting to this new tech, promote conversations about mental well-being, and demonstrate how GenAI can augment productivity and efficiency.

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