Good morning, aspiring leader of the next generation! ☀️

Ready for today's tech madness?

Trump's blaming Harris' crowds on AI. Next up: blaming his hair on a rogue neural network! 🤖💇‍♂️

Euro VCs are swimming in Balderton's cash pool but sulking about missing the AI train. FOMO hits the old continent! 🇪🇺💸

Meta and Universal Music are trying to figure out if AI can carry a tune without getting sued. Karaoke nights will never be the same! 🎤🤖

Polymarket and Perplexity are teaming up to make gambling more... informed? Because nothing says "smart bet" like an AI summary! 🎰📰

Artists are getting the green light to sue AI makers. It's like "Law & Order: Special AI Victims Unit" out there! 👨‍⚖️🎨

And New Jersey's freaking out about deepfakes. Welcome to 2024, where you can't trust your own eyes... or your neighbor's TikTok! 👀📱

So, what's your bet? Will we all be replaced by AI doppelgangers next week, or will the machines just take over our karaoke nights? 😂

📔#1 Insights Today on AI. Click the Links to Read

Kai-Fu Lee is a Taiwanese businessman, computer scientist, investor, and writer. He is currently based in Beijing, China. Lee developed a speaker-independent, continuous speech recognition system as his Ph.D. thesis at Carnegie Mellon University.

⬆️ ️ Trends: How Businesses Implement AI

BlackRock, a pioneer in the financial industry, recognized the potential of artificial intelligence early on, integrating it into core operations well before it became a widespread trend. Their approach, revolves around three key strategies: improving customer experience, boosting operational efficiency, and enhancing investment processes.

To elevate customer experience, BlackRock employs AI-powered tools like Aladdin Wealth and FutureAdvisor, offering personalized investment advice and retirement planning at reduced costs. These digital interfaces cater to a wide range of clients, from large institutions to individual wealth managers.

In operations, AI streamlines workflows, automating processes from data cleansing to risk reporting. This not only minimizes errors but also significantly reduces operational risks, protecting end clients. BlackRock has even introduced generative AI to boost employee productivity.

For investment processes, AI enhances research, alpha generation, and trading. The Systematic Active Equity team, for instance, combines human insights with data science to seek superior returns. AI also optimizes trade execution, minimizing costs and market impact.

BlackRock's success demonstrates that AI isn't just a tool but a transformative force in asset management. As technology advances, even smaller asset managers can now leverage AI to stay competitive and future-proof their operations, making it an essential strategy for the evolving financial landscape.

🛸Let’s Teleport in The Future

Chinese Team Pioneers Fully Optical AI Training System

In a groundbreaking development, scientists from Beijing's Tsinghua University have created the world's first artificial intelligence (AI) chip that operates entirely on light. This innovation, named Taichi-II, represents a significant leap in optical computing technology and offers promising advancements in AI training efficiency and performance.

Key Highlights

• Fully Optical Operation: Unlike its predecessor, Taichi-II can perform modeling and training tasks using only light, eliminating the need for electronic computers in the process.

• Improved Efficiency: The new chip demonstrates substantial improvements over its earlier version, which had already surpassed the energy efficiency of Nvidia's H100 GPU by over 1,000 times.

• Performance Boost: Taichi-II accelerates the training of optical networks with millions of parameters by an order of magnitude and increases classification task accuracy by 40%.

• Energy Efficiency: In complex scenario imaging, particularly in low-light environments, the chip's energy efficiency improved by six orders of magnitude.

Technological Breakthrough

The research team, led by professors Fang Lu and Dai Qionghai, published their findings in the journal Nature. They introduced a novel method called "fully forward mode" (FFM) learning, which allows for high-precision training and supports large-scale network training directly on the optical chip.

This approach overcomes traditional challenges in optical AI methods, such as system imperfections and the complexity of light-wave propagation, which often lead to mismatches between offline models and real systems.

Implications and Future Prospects

1. Advancing Optical Computing: Taichi-II marks a crucial step in moving optical computing from theoretical concepts to large-scale experimental applications.

2. Meeting Computational Demands: The chip addresses the growing need for high computational power with low energy consumption in AI applications.

3. Alternative to GPU Restrictions: This development could provide an alternative solution for China, following U.S. restrictions on access to powerful GPU chips for AI training.

4. Foundation for Future AI: The researchers envision these chips forming the basis of optical computing power for AI model construction.

As the field of AI continues to advance rapidly, innovations like Taichi-II showcase the potential for optical computing to revolutionize the way we approach machine learning and artificial intelligence training.

⚡ Hands-on: Supercharge With AI Tools

Work smarter, not harder!

Introducing Kasisto: Revolutionizing Conversational AI

Kasisto develops advanced conversational AI solutions, empowering banks and financial institutions to deliver personalized customer experiences through natural, intelligent conversations. Kasisto’s KAI platform uses cutting-edge AI to enhance customer engagement, streamline services, and drive efficiency.

How Kasisto Works:

1. Sign Up

2. Integrate

3. Customize

4. Deploy

Kasisto's KAI platform is designed to understand and address customer needs, providing real-time assistance and support. With KAI, financial institutions can offer 24/7 customer service, improve operational efficiency, and deliver tailored experiences that drive customer satisfaction.

Visit Kasisto: → https://kasisto.com/

I hope you find these resources helpful.Let me know if you have any questions, if there's anything else I can do to assist you, or what you would like to learn more about in AI.

Have an amazing day!

No more playing catch-up. It's time to GET AHEAD!!! 🚀🚀🚀

🙌🏼

Elena

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