While AI is said to be transforming aspects of life and work, the 2024 AI Index Report also notes how people are concerned about the displacement of jobs and other potential risks
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Meanwhile, OpenAI’s GPT-4 achieved an average success rate of 0.96 on the Holistic Evaluation of Language Models benchmark, which tracks average performance across various tasks.AI’s swift progress stemmed from ongoing technological advancements coupled with growing human engagement. OpenAI’s GPT-4, for example, required an estimated $78 million in computing power, while Gemini Ultra cost a staggering $191 million.also noted that big tech companies could become even more powerful due to a surge in investments in AI. Investors are channeling hundreds of millions of dollars to help these firms develop proprietary AI tools, the report says.
Beyond the revenue gains, businesses are reaping the benefits of this technological advancement with revenue increases and cost reductions., costs have dropped by 10%, indicating AI is generating “significant efficiency gains for businesses.” The McKinsey survey emphasized that these industries are likely to experience greater disruption but potentially reap more value from AI adoption.
Algorithmic discrimination, data privacy breaches, and existential threats have emerged as pressing issues demanding comprehensive regulatory measures.
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