AI amplifies human biases and stereotypes

Hey there,

In today’s update:

📰 News: AI amplifies human biases and stereotypes

🛠️ Tools: Create vector illustrations in Figma.

🎲 Misc: Amazon’s AI generated summaries of product reviews

Reading time is 3 minutes. Let’s dive in 🤿

Humans are Biased and Generative AI is even worse

Bloomberg released a new report highlighting amplification of human stereotypes and bias in AI. They analyzed over 5,000 images generated by Stable Diffusion, a popular text-to-image AI tool, showcasing how the biases are baked into AI.

Why it matters: 90% of the internet content could be AI generated within a couple of years and the generative AI market is projected to reach $1.2 trillion by 2032!

Bias is one the core reasons why we need regulations on AI before they are rolled out to public. Some companies like Stable Diffusion are opting for open-source route to let community drive the improvements, while others like Microsoft and Google set their own AI guidelines.

LlamaIndex raises $8.5M seed round

LlamaIndex raised $8.5M seed round to develop the data framework for connecting your external data with LLMs.

It is one of the best ways to integrate LLMs in your applications! LLMs like GPT-4 are a phenomenal piece of technology for knowledge generation and reasoning, and LlamaIndex is how you use it with your own private data and apps.

New Tools
Leverage AI to grow

• Hippo: Create vector illustrations and web assets right within Figma. It lets you generate anything from vector illustrations to photography, remove background, upscale any picture and zoom out. (link)

• Frex: A tool that eases your work of manual data crunching, providing you with precise data, insightful charts, and trustworthy reports.(link)

• ChatGPT4Google: Browser extension that shows ChatGPT results next to google search queries (link)

Misc
From the corners of the Internet

• Amazon will soon show you AI generated summaries of product reviews, highlighting the best and worst features (link)

• Salesforce will double the size of its AI venture fund to $500 million as it seeks to drive future revenue growth from AI (link)

• AI tech companies including OpenAI, Google DeepMind and Anthropic will provide “early or priority access” to UK to support research into evaluation and safety. (link)

• Google’s generative AI was launched to compete with ChatGPT but it might break the existing SEO and content industry (link)