Newsletter

16th August 2024: Walmart’s AI Edge, OpenAI Buzz, and ChatGPT’s Glitches, & More

Happy Friday, AI Enthusiasts! ChatGPT’s glitches continue amid a series of controversies for OpenAI. This shows the road to AI perfection is still full of surprises! Join us as we explore this week’s key AI developments.

In today’s edition: 

  • Walmart Finds Generative AI 100x More Productive for Updating Product Pages
  • OpenAI’s Altman Sparks Speculation as Users Anticipate Upcoming Releases
  • Surprise Glitch: ChatGPT Answers English Questions in Welsh
  • SoftBank Drops Intel Deal, Eyes TSMC for AI Chip Production

– Naseema Perveen

WHAT CAUGHT OUR ATTENTION MOST

Walmart Finds Generative AI 100x More Productive for Updating Product Pages

Walmart’s latest update reveals a game-changing shift in efficiency. According to their executives, generative AI has proven to be 100 times more effective than human teams in updating product pages.

This breakthrough transforms how retailers manage their online inventory, drastically reducing manual effort and accelerating the update process. As Walmart pioneers this tech-driven approach, it highlights a broader trend of AI reshaping retail operations with unprecedented productivity.

  • Walmart’s AI Efficiency Boost: Generative AI is now 100 times more productive than human teams at updating product pages.
  • Game-Changing Technology: This advancement significantly reduces manual effort and speeds up the update process.
  • Retail Transformation: Walmart’s adoption of AI underscores a broader shift in retail operations toward tech-driven solutions.
  • Future Outlook: This development sets a new benchmark for efficiency in online inventory management and highlights the growing role of AI in retail.

IN PARTNERSHIP WITH SEMARCHY

GettingYour Data AI-Ready: The Value of Master Data Management

Most organizations want to implement AI, but most do not have their data in a good enough state to put an AI initiative into action.

This session, brought to you by Semarchy and The AI Journal will share case studies of how to transform data into a single source of truth, guaranteeing your AI initiatives are successful. Join us as we delve into the essential strategies to ensure your data can run successful AI initiatives.

Key topics we will explore:

  • Preparing Data for AI:  Understand the crucial steps to get your data into the right format before moving forward with AI initiatives.
  • Master Data Management for AI: Discuss the importance of data governance, data quality, and data intelligence in facilitating successful AI outcomes.
  • Addressing Siloed Data: Discover strategies to format disparate systems and create a true, unified picture of your data. Understand how to streamline data flow upstream from AI tools to ensure seamless integration and usage.
  • Enabling Insights: Discover the impact Master Data Management can on your customer, product, financial, vendor data and more through better insights.

Don’t get left behind. Get yourself registered to join us, ask questions, and learn about MDM on the 12th of September!

KEEP YOUR EYE ON IT

OpenAI’s Altman Sparks Speculation as Users Anticipate Upcoming Releases

Rumors are swirling about OpenAI’s upcoming release, fueled by a social media post from CEO Sam Altman. Altman’s photo of a strawberry plant, captioned “I love summer in the garden,” is believed to hint at an internal project codenamed “Strawberry,” which may introduce advanced reasoning skills to OpenAI’s models.

Altman has stoked the speculation by engaging with anonymous accounts on X, including “Strawberry Guy” and “Jimmy Apples,” who speculate about OpenAI’s plans. This engagement has drawn the attention of tech leaders and increased the buzz.

Since the release of ChatGPT, OpenAI has been a hotbed of speculation about future models. Altman has teased a major upgrade with GPT-5, but the company has yet to release GPT-4.5. Recent updates to GPT-4o have been minor, and major new releases remain unconfirmed.

While Altman’s posts have fueled anticipation, some AI enthusiasts are frustrated with the ongoing rumors. Despite the hype, it’s unclear when or what significant updates will be released.

Surprise Glitch: ChatGPT Answers English Questions in Welsh

ChatGPT users in the UK were left bewildered when OpenAI’s chatbot started answering English-language queries in Welsh! Yes, you read that right—users asking questions in English were suddenly met with responses in Welsh. The Financial Times reported that this strange glitch, occurring with the new voice interface, has perplexed those who neither speak Welsh nor live in Wales.

This isn’t an isolated incident. Earlier this year, some users experienced a similar bug where ChatGPT mixed Spanish and English in its replies.

In response, OpenAI has suggested users switch their “Speech” setting to English from “Auto-detect” to avoid this glitch. However, they haven’t promised this fix will solve the problem. This quirky mishap underscores a familiar issue with AI language models—“hallucinating” or producing unexpected outputs.

SoftBank Drops Intel Deal, Eyes TSMC for AI Chip Production

SoftBank has abruptly ended its collaboration with Intel on a planned AI chip project, citing Intel’s failure to meet critical specifications for volume and speed. The Financial Times reported that the partnership’s breakdown, occurring amidst Intel’s broader restructuring efforts including recent layoffs, highlights the challenges facing the U.S. chipmaker. Despite this setback, SoftBank remains committed to advancing its AI technology and is now pivoting towards TSMC for production.

In addition to this shift, SoftBank’s subsidiary, Arm, is making strides in the AI sector. Arm plans to unveil its AI chips by spring 2025, with mass production slated to begin in fall 2025. This development aligns with SoftBank’s broader vision to enhance its AI capabilities and establish a significant presence in the AI chip market, investing $960 million in upgrading its computing facilities and aiming for a global rollout of AI data centers by 2026.

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ICYMI

MONEY MATTERS

  • CodeRabbit raises $16M to bring AI to code reviews.
  • Groq Raises $640M to Accelerate AI Inference Technology.
  • EliseAI secures $75M for chatbots that help property managers deal with renters.
  • By 2035, AI could boost average profits in the banking and insurance sectors by 38%.

LINKS WE’RE LOVIN’

✅ Podcast: Listen to CEO Chris Gibson on Accelerating the Biopharmaceutical Industry With AI. 

✅ Cheat sheet: Roadmap to Full-Stack Development

✅ Course: Python for Data Science, AI & Development by Joseph Santarcangelo.

✅ Whitepaper: Explore the role of Chief AI Officer for AI Adoption. 

✅ Watch: Jabber Tech reviews Ultrahuman Ring AIR.

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