Weekly Roundup – 29th April to 3rd May 2024
This week was really big in terms of AI, as its capabilities in various domains were proven. AI is reaching new heights and making our lives easier!
Thus, this week we focus on AI’s proven results in multiple sectors along with its possible implementations in some domains. The stock market is still reeling under the effects of Bitcoin halving, so there are no new updates there.
But we have a viable career option for 2024! So, let us start our journey into AI’s remarkable achievements!
Med-Gemini AI Model is 91.1% accurate in Medical Diagnostics: Google
Google has proven its excellence in yet another sector. This time it is medical diagnosis via Med-Gemini, which has proven its accuracy with a staggering 91.1% in 14 medical benchmarks against 25 tasks put forward by researchers.
This will make medical diagnosis easier and quicker! Google has previously dwelled in healthcare with AlphaFold, Med-PaLM 2, Flan-PaLM, and more.
Victoria Shi: Ukraine and the World’s First AI Diplomat
Ukraine has etched its name in history books by introducing an AI Diplomat by the name of Victoria Shi. She is modelled after a famous Ukrainian celebrity and singer by the name of Rosalie Nombre.
She will be reading official Foreign Ministry statements from May 2024. Victoria Shi can move her hands and head to be more human-like. She was created by The Game Changers, who have been actively making content on the Ukraine-Russia conflict.
IBM is all set to use generative AI for the Supply Chain revolution
IBM’s Institute of Business Value has released its latest study, “The CEO’s guide to generative AI: Supply Chain” in which they explain the possible benefits of integrating AI in supply chain management. It will help in solving complex problems in all aspects of the supply chain.
The study states that the AI will help with:
- Sustainability (carbon emission reduction, waste minimization, ethical sourcing, and more),
- Inventory management (real-time demands, inventory levels, lead times from suppliers, and more),
- Supplier relations (supplier performance, market conditions, and more),
- Risk management (supplier disruptions, geo-political events, natural disasters, and more),
- Route optimisation (traffic conditions, delivery deadlines, weather forecasts, and more), and
- Demand forecasting (stockouts, overstocking, and more).
Supply chain management is a tough cookie, and if this AI can resolve these infinite issues, then it can simply revolutionise the management of supply chains all over the globe!
OpenAI launches the latest features in the fine-tuning API
OpenAI has launched some new features in their fine-tuning APIs. It will help the model developers, as they will now get improved insights and superior control over the whole fine-tuning process.
These new features will help in,
- Creation of a model checkpoint (beyond each training epoch),
- Metric computation for the whole validation dataset, and
- Integration with Weights & Biases (third parties).
Since the future will have customised models in various organisations, these latest modifications to the fine-tuning APIs are vital. They will help pave the way for making such custom models possible!
Google will get new AI content from News Corp. for USD 6 million
Google (Alphabet-owned) has finalised a deal with News Corp. to pay them USD 6 million on an annual basis. News Corp. will help Google with the creation of new AI-based content and products.
Many AI developers use news content to help train the LLM models of their AI. OpenAI is facing copyright infringement law suits because it used news content without paying for it.
Airbnb bases its new global marketing strategy on experiences
Airbnb is targeting a new customer base with their latest “Icons” category. It will be priced between USD 0 to 100 and will offer celebrity meet-ups, concerts, and more.
They wish to make Airbnb more than just a ‘staying place’ and become the ‘creative place’ that has many services and products to offer. Their shares fell to USD 156 a piece (by 1.5%).
Currently, they are offering,
- Doja Cat’s mini concert, or
- Stay in a replica of the home from the Disney movie “UP”.
Digital Marketing in 2024: A Career Option!
In the current digital age, businesses are integrating with their customer base and visitors through websites and apps. They are using data-driven approaches in making decisions, and that’s why the importance of experts in digital marketing has risen in many ways.
Global digital spending on ads will keep moving up in 2024 as businesses are putting a significant part of their marketing budgets into digital marketing, be it,
- Search engine marketing, or SEM (search engine optimization, SEO, and pay-per-click, or PPC),
- Social media marketing, or SMM, and
- Display advertising.
With many digital platforms like TikTok, Instagram, Clubhouse, and more, and AI integration; digital marketing is bound to become more vast and value-rich!
Thus, professionals with the below-mentioned aptitudes;
- Creative (content writers, creators, and graphic designers),
- Technical (SEO and data analysts),
- Marketing (PR, social media managers), and
- Strategists (marketing tech or Martech, digital marketing strategists) are best suited for this immense and prosperous opportunity!
This brings our fourth edition of the Weekly Round to an end. We hope that our readers understand the significance of AI in increasing work efficiency, result quality, and the overall relevancy of the person using it!
Plus, with the digital marketing boom on the horizon, a lucrative and quite- potentially remote working opportunity has been presented before us all!
So, use this information well and be ready for the coming Monday.
If you missed our previous edition of the Weekly Roundup!
At Wildnet Technologies, our aim is always to excel with the latest tech and tool integration (AI and more) and share our knowledge base with all who wish to learn and keep upskilling themselves. That’s why our Thought Leadership brings to you Wildnet’s Digital Yum (our weekly newsletter)!
Next week, Tech Freaks!
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