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NIST Launches New Generative Artificial Intelligence Assessment Platform

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The National Institute of Standards and Technology (NIST), an agency of the U.S. Department of Commerce that develops and tests technologies for the U.S. government, businesses and most of the people, announced on Monday the launch of NIST GenAI, a brand new program led by NIST to judge generative technologies Artificial intelligence technologies, including artificial intelligence generating text and pictures.

NIST GenAI will publish benchmarks, help create systems for detecting “content authenticity” (i.e., deep-check false information), and encourage the event of software that detects the source of false or misleading information generated by artificial intelligence, NIST explains on newly launched NIST GenAI website and press release.

“The NIST GenAI program will publish a series of challenges designed to assess and measure the capabilities and limitations of generative artificial intelligence technologies,” the press release reads. “These assessments will be used to identify strategies to promote information integrity and guidance for the safe and responsible use of digital content.”

The first NIST GenAI project is a pilot study to construct systems that may reliably distinguish human-generated media from AI-generated media, starting with text. (While many services aim to detect deepfakes, research and our own testing have shown that they’re unreliable, especially in terms of text.) NIST GenAI is inviting teams from academia, industry, and research labs to submit “generators” – AI systems to content generation – i.e. “discriminators”, i.e. systems that attempt to discover content generated by artificial intelligence.

Generators within the study must generate summaries given a subject and set of documents, while discriminators must detect whether a given summary is written by artificial intelligence. To ensure fairness, NIST GenAI will provide data vital to coach generators and discriminators; systems trained on publicly available data is not going to be accepted, including but not limited to open models akin to Meta’s Llama 3.

Registration for the pilot will begin on May 1, and the outcomes might be announced in February 2025.

The launch of NIST GenAI and study specializing in deepfakes comes at a time of exponential growth within the variety of deepfakes.

According to data from Clarity, a deepfake detection company, 900% more deepfakes have been created this yr in comparison with the identical period last yr. This causes concern, which is comprehensible. AND last vote from YouGov discovered it 85% of Americans said they were concerned regarding the spread of misleading deepfakes on the Internet.

The launch of NIST GenAI is an element of NIST’s response to President Joe Biden’s Executive Order on Artificial Intelligence, which sets rules requiring AI firms to be more transparent about how their models perform and establishes quite a lot of recent standards, including for labeling AI-generated content intelligence .

This can be NIST’s first AI-related announcement following the appointment of Paul Christiano, a former OpenAI researcher, to the agency’s AI Security Institute.

Christiano was a controversial alternative as a consequence of his “doomeristic” views; he once predicted that “there is a 50% chance that the development of artificial intelligence will end in (the destruction of humanity).” Criticsreportedly including scientists at NIST, they fear that Cristiano may encourage the AI ​​Security Institute to concentrate on “fantasy scenarios” reasonably than realistic, more immediate threats from artificial intelligence.

NIST says NIST GenAI will report on the work of the AI ​​Security Institute.

This article was originally published on : techcrunch.com
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Flipkart co-founder Binny Bansal is leaving PhonePe’s board

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Flipkart co-founder Binny Bansal has stepped down three-quarters from PhonePe’s board after making an identical move on the e-commerce giant.

Bengaluru-based PhonePe said it has appointed Manish Sabharwal, executive director at recruitment and human resources firm Teamlease, as an independent director and chairman of the audit committee.

Bansal played a key role in Flipkart’s acquisition of PhonePe in 2016 and has since served on the fintech’s board. The Walmart-backed startup, which operates India’s hottest mobile payment app, spun off from Flipkart in 2022 and was valued at $12 billion in funding rounds that raised about $850 million last 12 months.

Bansal still holds about 1% of PhonePe. Neither party explained why they were leaving the board.

“I would like to express my heartfelt gratitude to Binny Bansal for being one of the first and staunchest supporters of PhonePe,” Sameer Nigam, co-founder and CEO of PhonePe, said in a press release. His lively involvement, strategic advice and private mentoring have profoundly enriched our discussions. We will miss Binny!”

This article was originally published on : techcrunch.com
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The company is currently developing washing machines for humans

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Forget about cold baths. Washing machines for people may soon be a brand new solution.

According to at least one Japanese the oldest newspapersOsaka-based shower head maker Science has developed a cockpit-shaped device that fills with water when a bather sits on a seat in the center and measures an individual’s heart rate and other biological data using sensors to make sure the temperature is good. “It also projects images onto the inside of the transparent cover to make the person feel refreshed,” the power says.

The device, dubbed “Mirai Ningen Sentakuki” (the human washing machine of the longer term), may never go on sale. Indeed, for now the company’s plans are limited to the Osaka trade fair in April, where as much as eight people will have the option to experience a 15-minute “wash and dry” every day after first booking.

Apparently a version for home use is within the works.

This article was originally published on : techcrunch.com
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Zepto raises another $350 million amid retail upheaval in India

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Zepto, snagging $1 billion in 90 days, projects 150% annual growth

Zepto has secured $350 million in latest financing, its third round of financing in six months, because the Indian high-speed trading startup strengthens its position against competitors ahead of a planned public offering next yr.

Indian family offices, high-net-worth individuals and asset manager Motilal Oswal invested in the round, maintaining Zepto’s $5 billion valuation. Motilal co-founder Raamdeo Agrawal, family offices Mankind Pharma, RP-Sanjiv Goenka, Cello, Haldiram’s, Sekhsaria and Kalyan, in addition to stars Amitabh Bachchan and Sachin Tendulkar are amongst those backing the brand new enterprise, which is India’s largest fully national primary round.

The funding push comes as Zepto rushes so as to add Indian investors to its capitalization table, with foreign ownership now exceeding two-thirds. TechCrunch first reported on the brand new round’s deliberations last month. The Mumbai-based startup has raised over $1.35 billion since June.

Fast commerce sales – delivering groceries and other items to customers’ doors in 10 minutes – will exceed $6 billion this yr in India. Morgan Stanley predicts that this market shall be value $42 billion by 2030, accounting for 18.4% of total e-commerce and a pair of.5% of retail sales. These strong growth prospects have forced established players including Flipkart, Myntra and Nykaa to cut back delivery times as they lose touch with specialized delivery apps.

While high-speed commerce has not taken off in many of the world, the model seems to work particularly well in India, where unorganized retail stores are ever-present.

High-speed trading platforms are creating “parallel trading for consumers seeking convenience” in India, Morgan Stanley wrote in a note this month.

Zepto and its rivals – Zomato-owned Blinkit, Swiggy-owned Instamart and Tata-owned BigBasket – currently operate on lower margins than traditional retail, and Morgan Stanley expects market leaders to realize contribution margins of 7-8% and adjusted EBITDA margins to greater than 5% by 2030. (Zepto currently spends about 35 million dollars monthly).

An investor presentation reviewed by TechCrunch shows that Zepto, which handles greater than 7 million total orders every day in greater than 17 cities, is heading in the right direction to realize annual sales of $2 billion. It anticipates 150% growth over the following 12 months, CEO Aadit Palicha told investors in August. The startup plans to go public in India next yr.

However, the rapid growth of high-speed trading has had a devastating impact on the mom-and-pop stores that dot hundreds of Indian cities, towns and villages.

According to the All India Federation of Consumer Products Distributors, about 200,000 local stores closed last yr, with 90,000 in major cities where high-speed trading is more prevalent.

The federation has warned that without regulatory intervention, more local shops shall be vulnerable to closure as fast trading platforms prioritize growth over sustainable practices.

Zepto said it has created job opportunities for tons of of hundreds of gig employees. “From day one, our vision has been to play a small role in nation building, create millions of jobs and offer better services to Indian consumers,” Palicha said in an announcement.

Regulatory challenges arise. Unless an e-commerce company is a majority shareholder of an Indian company or person, current regulations prevent it from operating on a listing model. Fast trading corporations don’t currently follow these rules.

This article was originally published on : techcrunch.com
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