🤡 Fool Me Once, AI 🤖

In today’s email:

• 🔬 Research highlights: The Maze of AI Overreliance: Stanford Researchers Offer Clues

• 🚨 Industry news: ChatGPT vs. the Ivory Tower: Can Academics Outrun the AI Race?

• ⏰ AI startup idea of the day: Putting Banks to the Test: AI Scenario Analysis for Resilience

• 🌐 AI and society: AI in the Land of the Rising Sun

🤖 The Maze of AI Overreliance: Stanford Researchers Offer Clues 🔬

A new study from Stanford University's Human-Centered Artificial Intelligence (HAI) lab has shown that when explanations of the AI's decision-making process are easier to comprehend, there is a more significant advantage to doing so, such as financial compensation; people can be less dependent on AI systems. To test their theory, the researchers employed a cost-benefit framework, asking online crowd workers to complete a maze challenge with the assistance of an AI model. According to the findings, overreliance on AI was minimized when the assignment was challenging, and the explanation was clear. Whether the job and reason were tough or simple, the illustrations had little effect on overreliance. The researchers believe their findings may drive the creation of more efficient and effective AI explanations.

🏯 ChatGPT vs. the Ivory Tower: Can Academics Outrun the AI Race? 🏁

A recent academic paper, "Chatting and Cheating: Ensuring Academic Integrity in the Era of ChatGPT," published in the journal Innovations in Education and Teaching International, contends that AI technologies, such as OpenAI's ChatGPT, make plagiarism more challenging to detect. In an unexpected twist, the paper was written by ChatGPT itself, unbeknownst to the peer reviewers who approved it for publication. According to the authors, developing AI algorithms capable of producing adequate student coursework endangers academic integrity, and some colleges are proposing to remove students detected using such software.

🏦 Putting Banks to the Test: AI Scenario Analysis for Resilience

With the sale of Credit Suisse to UBS as a stop-gap measure to preclude the collapse of the Swiss and, by extension, the failure of the European banking system, one cannot help but wonder what role AI would have played to buck stop the prevalent banking issues. How? Stress Testing and Scenario Analysis: AI-powered models may simulate multiple scenarios to test bank and banking system resilience, including extreme market shocks. AI can assist regulators and financial institutions in developing measures to improve the stability and strength of the banking system by assessing the possible impact of various stressors.

Introducing, StressTestPro, powering resilient banking through AI scenario analysis.

🎌🤖 AI in the Land of the Rising Sun

Japan released the Social Principles of Human-Centric AI in 2019, emphasizing human dignity, diversity and inclusion, and sustainability. The Social Principles developed seven AI-related principles. Japan's AI regulatory strategy is separated into two parts: Regulation of AI, which handles AI risks, and Regulation of AI, which supports AI deployment.

There are presently no formal restrictions in Japan that limit the use of AI in general. Instead, they stress risk-based governance and a soft-law approach. Sector-specific legislation does not prohibit AI use but requires enterprises to manage risks and publish relevant information. Applicable rules, such as the Act on the Protection of Personal Information, have an indirect impact on AI development and use.

In the absence of outright limitations on AI use, the government provides a variety of instruments to assist enterprises in voluntarily implementing acceptable AI governance procedures. Some private companies have taken a proactive approach to AI governance, creating their norms and principles.

MEME OF THE DAY 

🔥 TRENDING TOOLS 🔥

• 🖥️ Andi - is a search engine that allows users to search for information on the internet quickly and easily.

• ✍️ Quillbot - is an AI-powered writing assistant and proofreading tool. It can help users improve their writing and ensure grammar and spelling errors are free.

• 🧑‍🤝‍🧑 Namelix - supports firms and people in coming up with creative and memorable names for their enterprises, products, or projects.