⚔️ Mental Mastery: Becoming an AI Jedi

Judge, Jury, and Algorithm

In today’s email:

  • 🔬 Research highlights: Mind Over Machines: Researchers Develop Thought-Controlled Devices

  • 🚨 Industry news: Cashing in on AI: Chancellor Hunt's Vision for a Tech-Forward UK

  • ⚖️ Policy and regulation: AI on the Bench: ChatGPT's Unexpected Courtroom Appearance

  • ⏰ AI startup idea of the day: Battling Financial Foes: AI's Starring Role in the Future of Finance

🧠 Mind Over Machines: Researchers Develop Thought-Controlled Devices 🔬

Researchers at the University of Technology Sydney have created a biosensor technology that enables the thought-controlled operation of equipment such as robots and machinery. The brain-computer interface, developed in partnership with the Australian Army and Defence Innovation Hub, could be used in advanced manufacturing, aerospace, and healthcare. Wearable dry sensors composed of graphene and silicon are used in the technology, making it durable and resistant to corrosion and skin contact concerns. The sensors are implanted on the scalp to monitor brainwaves, and an augmented reality lens fitted on the skull displays flickering squares. Participants focus on a square, and a decoder converts brainwave impulses into commands. The Australian Army has tested the technology by commanding a Ghost Robotics quadruped robot with 94% accuracy. The researchers want to improve brain-computer interface technologies.

🤖 Cashing in on AI: Chancellor Hunt's Vision for a Tech-Forward UK 💸

Chancellor Jeremy Hunt's Spring Budget has emphasized assisting the AI industry, cementing the UK's position as Europe's AI leader. The budget includes funding for establishing an 'AI Sandbox,' which will award millions of pounds in prize money to the finest AI ideas over the next decade. Furthermore, £2.5 billion will be invested in quantum computing research, with £900 million set aside to build an exascale supercomputer.

The budget also proposes 12 new investment zones to strengthen the UK's tech credentials and more equitably distribute opportunities nationwide. Additionally, 'Full Expensing' proposals will allow enterprises investing in R&D and IT equipment to deduct every pound spent on new equipment and machinery from taxable profits. Smaller businesses will have a £1 million annual investment allowance raised.

These policies seek to cement the UK's position as the second-best country for investment and business launches after the United States.

👩‍⚖️ AI on the Bench: ChatGPT's Unexpected Courtroom Appearance ⚖️

In a Colombian court case in January 2023, a judge consulted ChatGPT to learn about previous similar case outcomes. While generative AI does not replace judicial judgment, the judge believes it can assist in optimizing the time spent preparing rulings. The case illustrates the benefits and drawbacks of generative AI in the legal system. On the one hand, AI has the potential to increase access to justice, assist in the preparation of legal papers, and speed up lengthy adjudication processes. Yet, generative AI can generate erroneous information, raising ethical and legal difficulties. AI in legal decision-making should be developed to provide a fair process that supports public trust, and extensive technological research is required to prevent AI from producing incorrect information.

Disclaimer: This startup does not exist; any match to an existing entity is entirely coincidental.

💰📈 Battling Financial Foes: AI's Starring Role in the Future of Finance

The financial world is experiencing a seismic shift, one that has been brewing for decades since the Marshall Plan, 1971, the 2008 GFC, the fall of SVB and Credit Suisse, not to mention the house of cards that is the Swiss Banking System, including the foundational undertones of a BRICS currency to rival the dollar.

The biggest concern for governments now is a contagion, especially the U.S. and European governments. AI will become increasingly important in setting the stage for evasive action and preparing for the future of finance.

Network Analysis and Contagion Detection: AI can map and analyze the intricate network of interactions between banks, financial markets, and other institutions. AI can provide insights into potential systemic risks and help create targeted solutions to limit spillover effects and avert domino-like collapses by identifying critical nodes and pathways of contagion.

Introducing, NetGuardAI: mapping and mitigating systemic risks in the financial world.

MEME OF THE DAY

🔥 TRENDING TOOLS 🔥

  • 🖥️ ChatGPT - a chatbot platform allowing users to converse with AI-powered virtual agents. It enables users to create and deploy AI-driven conversational experiences for their applications, websites, and chatbots.

  • ✍️ StoriesForKids - is an AI-driven storytelling platform designed for children. It provides parents, teachers, and caregivers an innovative way to engage and entertain children with interactive stories.

  • 📝 Quizgecko - is an online quiz platform designed to help users create, customize, and share quizzes with friends, family, and classmates.