Technology
Artificial intelligence could create more work for staff, study finds
Humans have limited the flexibility of AI to perform a spread of business tasks within the workplace.
Artificial intelligence could be the reply, in accordance with a brand new study by the Australian Securities and Investments Commission (ASIC) and Amazon. create more work for staff after researchers used Meta’s open-source Llama2-70B software to perform business tasks within the workplace.
According to artificial intelligence (AI) programs and a bunch of 10 individuals were asked to summarize submissions specializing in ASICs, recommendations, and regulatory references. In addition, the tool was asked to incorporate each context and page references. Both sets of responses were then blindly scored by reviewers for consistency, length, and identification of ASIC references, in addition to regulatory references.
The AI programs fared poorly in comparison with their human counterparts, scoring 47% in comparison with humans’ 81%. According to the team that conducted the study, the AI performed particularly poorly when it got here to finding references to AISC within the documents it was alleged to use to create its summaries.
“Finding references in larger documents is notoriously difficult for LLM due to context window limitations and embedding strategies,” the team wrote. “Page references are not traditionally stored in embedding models because the content of PDF documents is retrieved as plain text. To achieve greater accuracy in this problem, significant progress has been made by splitting documents into pages and treating pages as fragments with associated metadata.”
According to the study, reviewers often needed to “refer to the source material to confirm details of the AI summary” and “generally agreed that the AI results could potentially generate more work if they were used (in their current state), either because of the need to fact-check the results or because the source material better presented the information.”
While this study has limited application to AI, it does suggest that the expected advantages of AI could also be limited by the necessity for humans to do more work to satisfy the precise needs of AI within the workplace.
Several reports indicate that black people and artificial intelligence are at odds with one another, a bunch of researchers from Stanford University say provided some feedback to the Congressional Black Caucus within the March 2024 White Paper
According to the researchers, “While AI has the potential to exacerbate racial inequality, it can also benefit Black communities. If implemented carefully, AI has the power to improve access to healthcare and education, as well as create new economic opportunities. For example, AI can help doctors make more accurate diagnoses and provide personalized treatment plans, especially in underserved communities where access to healthcare is limited.”
Technology
MIT Develops Recyclable 3D-Printed Glass Blocks for Construction Applications
The use of 3D printing has been praised as an alternative choice to traditional construction, promising faster construction times, creative design and fewer construction errors, all while reducing the carbon footprint. New research from MIT points to an interesting latest approach to the concept, involving the usage of 3D-printed glass blocks in the form of a figure eight, which may be connected together like Lego bricks.
The team points to glass’s optical properties and “infinite recyclability” as reasons to pursue the fabric. “As long as it’s not contaminated, you can recycle glass almost infinitely,” says assistant professor of mechanical engineering Kaitlyn Becker.
The team relied on 3D printers designed by Straight line — is itself a spin-off of MIT.
Technology
Introducing the Next Wave of Startup Battlefield Judges at TechCrunch Disrupt 2024
Startup Battlefield 200 is the highlight of every Disrupt, and we will’t wait to search out out which of the 1000’s of startups which have invited us to collaborate can have the probability to pitch to top enterprise capitalists at TechCrunch Disrupt 2024. Join us at Moscone West in San Francisco October 28–30 for an epic showdown where everyone can have the probability to make a major impact.
Get insight into what the judges are in search of in a profitable company as they supply detailed feedback on the evaluation criteria. Don’t miss the opportunity to learn from their expert insights and discover the key characteristics that result in startup success, only at Disrupt 2024.
We’re excited to introduce our next group of investors who will evaluate startups and dive into each pitch in an in-depth and insightful Q&A session. Stay tuned for more big names coming soon!
Alice Brooks, Partner, Khosla Ventures
Alicja is a partner in Khosla’s ventures interests in sustainability, food, agriculture, and manufacturing/supply chain. She has worked with multiple startups in robotics, IoT, retail, consumer goods, and STEM education, and led mechanical, electrical, and application development teams in the US and Asia. She also founded and managed manufacturing operations in factories in China and Taiwan. Prior to KV, Alice was the founder and CEO of Roominate, a STEM education company that helps girls learn engineering concepts through play.
Mark Crane, Partner, General Catalyst
Mark Crane is a partner at General Catalysta enterprise capital firm that works with founders from seed to endurance to assist them construct corporations that may stand the test of time. Focused on acquiring and investing in later-stage investment opportunities equivalent to AuthZed, Bugcrowd, Resilience, and TravelPerk. Prior to joining General Catalyst, Mark was a vice chairman at Cove Hill Partners in Massachusetts. Prior to that, he was a senior associate at JMI Equity and an associate at North Bridge Growth Equity.
Sofia Dolfe, Partner, Index Ventures
Sofia partners with founders who use their unique perspective and private understanding of the problem to construct corporations that drive behavioral change, powerful network effects, and transform entire industries, from grocery and e-commerce to financial services and healthcare. Sofia can also be one of Index projects‘ gaming leads, working with some of the best gaming corporations in Europe, making a recent generation of iconic gaming titles. He spends most of his time in the Nordics, but works with entrepreneurs across the continent.
Christine Esserman, Partner, Accel
Christine Esserman joined Acceleration in 2017 and focuses on software, web, and mobile technology corporations. Since joining Accel, Christine has helped lead Accel’s investments in Blackpoint Cyber, Linear, Merge, ThreeFlow, Bumble, Remote, Dovetail, Ethos, Guru, and Headway. Prior to joining Accel, Christine worked in product and operations roles at multiple startups. A native of the Bay Area, Christine graduated from the Wharton School at the University of Pennsylvania with a level in Finance and Operations.
Haomiao Huang, Founding Partner, Matter Venture Partners
Haomiao from Venture Matter Partners is a robotics researcher turned founder turned investor. He is especially obsessed with corporations that bring digital innovation to physical economy enterprises, with a give attention to sectors equivalent to logistics, manufacturing and transportation, and advanced technologies equivalent to robotics and AI. Haomiao spent 4 years investing in hard tech with Wen Hsieh at Kleiner Perkins. He previously founded smart home security startup Kuna, built autonomous cars at Caltech and, as part of his PhD research at Stanford, pioneered the aerodynamics and control of multi-rotor unmanned aerial vehicles. Kuna was part of the Y Combinator Winter 14 cohort.
Don’t miss it!
The Startup Battlefield winner, who will walk away with a $100,000 money prize, can be announced at Disrupt 2024—the epicenter of startups. Join 10,000 attendees to witness this breakthrough moment and see the next wave of tech innovation.
Register here and secure your spot to witness this epic battle of startups.
Technology
India Considers Easing Market Share Caps for UPI Payments Operators
The regulator that oversees India’s popular UPI rail payments is considering relaxing a proposed market share cap for operators like Google Pay, PhonePe and Paytm because it grapples with enforcing the restrictions, two people accustomed to the matter told TechCrunch.
The National Payments Corporation of India (NPCI), which is regulated by the Indian central bank, is considering increasing the market share that UPI operators can hold to greater than 40%, said two of the people, requesting anonymity because the knowledge is confidential. The regulator had earlier proposed a 30% market share limit to encourage competition within the space.
UPI has change into the most well-liked option to send and receive money in India, with the mechanism processing over 12 billion transactions monthly. Walmart-backed PhonePe has about 48% market share by volume and 50% by value, while Google Pay has 37.3% share by volume.
Once an industry heavyweight, Paytm’s market share has fallen to 7.2% from 11% late last yr amid regulatory challenges.
According to several industry executives, the NPCI’s increase in market share limits is more likely to be a controversial move as many UPI providers were counting on regulatory motion to curb the dominance of PhonePe and Google Pay.
NPCI, which has previously declined to comment on market share, didn’t reply to a request for comment on Thursday.
The regulator originally planned to implement the market share caps in January 2021 but prolonged the deadline to January 1, 2025. The regulator has struggled to seek out a workable option to implement its proposed market share caps.
The stakes are high, especially for PhonePe, India’s Most worthy fintech startup, valued at $12 billion.
Sameer Nigam, co-founder and CEO of PhonePe, said last month that the startup cannot go public “if there is uncertainty on regulatory issues.”
“If you buy a share at Rs 100 and value it assuming we have 48-49% market share, there is uncertainty whether it will come down to 30% and when,” Nigam told a fintech conference last month. “We are reaching out to them (the regulator) whether they can find another way to at least address any concerns they have or tell us what the list of concerns is,” he added.
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