Archive for the ‘Artificial Intelligence’ Category

Cannes Diary: Will Artificial Intelligence Democratize Creativity or Lead to Certain Doom? – Yahoo News

On May 17, as bodies lined up in the rain outside the Cannes Film Festival Palais for the chance to watch a short film directed byPedro Almodvar, an auteur known most of all for his humanism, a different kind of gathering was underway below the theater. Inside the March, a panel of technologists convened to tell an audience of film professionals how they might deploy artificial intelligence for creating scripts, characters, videos, voices and graphics.

The ideas discussed at the Cannes Next panel AI Apocalypse or Revolution? Rethinking Creativity, Content and Cinema in the Age of Artificial Intelligence make the scene of the Almodvar crowd seem almost poignant, like seeing a species blissfully ignorant of their own coming extinction, dinosaurs contentedly chewing on their dinners 10 minutes before the asteroid hits.

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The only people who should be afraid are the ones who arent going to use these tools, said panelistAnder Saar, a futurist and strategy consultant for Red Bull Media House, the media arm of the parent company of Red Bull energy drinks. Fifty to 70 percent of a film budget goes to labor. If we can make that more efficient, we can do much bigger films at bigger budgets, or do more films.

The panel also includedHovhannes Avoyan, the CEO of Picsart, an image-editing developer powered by AI, andAnna Bulakh, head of ethics and partnerships at Respeecher, an AI startup that makes technology that allows one person to speak using the voice of another person. The audience of about 150 people was full of AI early adopters through a show of hands, about 75 percent said they had an account for ChatGPT, the AI language processing tool.

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The panelists had more technologies for them to try. Bulakhs company re-createdJames Earl Jones Darth Vader voice as it sounded in 1977 for the 2022 Disney+ seriesObi-Wan Kenobi, andVince Lombardis voice for a 2021 NFL ad that aired during the Super Bowl. Bulakh drew a distinction between Respeechers work and AI that is created to manipulate, otherwise known as deepfakes. We dont allow you to re-create someones voice without permission, and we as a company are pushing for this as a best practice worldwide, Bulakh said. She also spoke about how productions already use Respeechers tools as a form of insurance when actors cant use their voices, and about how actors could potentially grow their revenue streams using AI.

Avoyan said he created his company for his daughter, an artist, and his intention is, he said, democratizing creativity. Its a tool, he said. Dont be afraid. It will help you in your job.

The optimistic conversation unfolding beside the French Riviera felt light years away from the WGA strike taking place in Hollywood, in which writers and studios are at odds over the use of AI, with studios considering such ideas as having human writers punch up drafts of AI-generated scripts, or using AI to create new scripts based on a writers previous work. During contract negotiations, the AMPTP refused union requests for protection from AI use, offering instead, annual meetings to discuss advancements in technology. The March talk also felt far from the warnings of a growing chorus of experts likeEric Horvitz, chief scientific officer at Microsoft, and AI pioneerGeoffrey Hinton, who resigned from his job at Google this month in order to speak freely about AIs risks, which he says include the potential for deliberate misuse, mass unemployment and human extinction.

Are these kinds of worries just moral panic? mused the moderator and head of Cannes NextSten Kristian-Saluveer. That seemed to be the panelists view. Saar dismissed the concerns, comparing the changes AI will bring to adaptations brought by the automobile or the calculator. When calculators came, it didnt mean we dont know how to do math, he said.

One of the panel buzz phrases was hyper-personalized IP, meaning that well all create our own individual entertainment using AI tools. Saar shared a video from a company he is advising, in which a childs drawings came to life and surrounded her on video screens. The characters in the future will be created by the kids themselves, he says. Avoyan said the line between creator and audience will narrow in such a way that we will all just be making our own movies. You dont even need a distribution house, he said.

A German producer and self-described AI enthusiast in the audience said, If the cost of the means of production goes to zero, the amount of produced material is going up exponentially. We all still only have 24 hours. Who or what, the producer wanted to know, would be the gatekeepers for content in this new era? Well, the algorithm, of course. A lot of creators are blaming the algorithm for not getting views, saying the algorithm is burying my video, Saar said. The reality is most of the content is just not good and doesnt deserve an audience.

What wasnt discussed at the panel was what might be lost in a future that looks like this. Will a generation raised on watching videos created from their own drawings, or from an algorithms determination of what kinds of images they will like, take a chance on discovering something new? Will they line up in the rain with people from all over the world to watch a movie made by someone else?

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Cannes Diary: Will Artificial Intelligence Democratize Creativity or Lead to Certain Doom? - Yahoo News

Will Artificial Intelligence Be Able to Prepare Our Tax Returns? – Tax Policy Center

In case youve somehow missed the flurry of articles describing the dramatic advance of artificial intelligence, we appear to be at the dawn of a new era. How long will it be before an AI tool can prepare our tax returns?

Up the Learning Curve

Since its public debut in November, ChatGPT has taken off like a rocket, reaching a million users in five days, 100 million users in under two months and 1.16 billion users in five months. It may disrupt multiple fields. But could it actually conquer taxes?

Consider recent AI developments in law, accounting, and management. Earlier versions of ChatGPT got about one in three questions wrong on the law school entrance exam (LSAT) (falling short of scores needed for admission to a top-14 law school), gave 100% wrong answers in a TaxBuzz test of actual questions on a tax practitioner technical support forum, and flopped in accounting (being outscored 77-47 percent by students answering 28,000 exam questions at 186 educational institutions worldwide and flunking the CPA exam).

But the more advanced ChatGPT-4 was able to pass the bar exam with a score in the 90th percentile, pass 13 of 15 Advanced Placement exams, and get a near perfect score on the GRE Verbal grad school test. And developers instructing ChatGPT-4 that it was to operate as TaxGPT were able to do simple tax calculations, as shown on their video (at 19:00 to 22.05).

Law, Accounting, and Tax Firms Invest

Tax, accounting, and consulting firms are moving quickly to take advantage of the technology. Professionals in 250 firms have partnered with Blue J Tax, an AI tool for tax research, analysis, and planning that aids in analyzing legislation and litigation to predict tax scenario outcomes with speed and accuracy. Developers claim AI can analyze thousands of past decisions, expedite research, find supporting directives, weigh alternatives, anticipate court rulings, and quantify risk.

The experimentation has been going on for some time. In 2017, H&R Block partnered with IBMs Watson. The program lasted two years and then quietly disappeared. Watson apparently was a slow learner. Or perhaps it just wasnt quite ready for prime time.

Intuit used AI during the 2022 tax filing season to match customers with the right human tax professional for its TurboTax Live assisted preparation. It claimed a one-hour reduction in service time compared to the year before. Still, in a blog asking Can ChatGPT do your taxes? Intuit said it would require years of tax AI expertise.

A Potential Tool for Tax Administrators

Similar to tech leaders open letter calling for a pause in AI development to allow for more safety protocols, a bipartisan group of senators recently wrote to IRS Commissioner Danny Werfel with concerns about AI powering cybercriminals and tax scams.

But what about enabling the IRS to defeat fraudsters, or plug tax loopholes that other AI users may be trying to manipulate or create?

Tax authorities in Greece and France have used AI to cross-check property tax registries and satellite photos of homes to find tax cheaters who dont declare assets like swimming pools. And Johns Hopkins University computer scientists are creating Shelter Check to enable Congress, the IRS, or courts to scan legislation or rulings for loopholes. In a recent test, ChatGPT and GPT-3 were completely baffled by the tax code, but GPT-4 is showing promise.

All this may presage an AI arms race between aggressive tax planners seeking to exploit or expand loopholes and lawmakers or tax authorities seeking to curb or end them.

But summarizing reports, generating insights, writing poetry or code, preparing legal documents, or even offering financial or tax advice are not the same as answering real-life tax questions or optimally completing a tax return.

A Work in Progress

ChatGPT is still a work in progress, missing critical analytical and quantitative skills. It is flummoxed by translating our convoluted tax code, its regulations, and rulings into tailored decisions. It is prone to error and dependent on internet information only available before 2021.

Plus, even with AI, the burden of preparing a tax return will still involve collecting personal information, entering data that may be unavailable in public records, and weighing decisions based on precedent and values.

But as science fiction writer William Gibson once said, The future has arrived its just not evenly distributed yet.

Welcome to our brave new world.

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Will Artificial Intelligence Be Able to Prepare Our Tax Returns? - Tax Policy Center

Is Artificial Intelligence Hazarding Creative Jobs? – Analytics Insight

AI can transform creative jobs ranging from graphic design to music creation

Artificial Intelligence can transform creative jobs ranging from graphic design to music creation and also AI can assist in the automation of routine chores, saving up time. Artificial intelligence (AI) is a fast-developing technology that has already demonstrated the ability to transform many parts of our life. While its application in a variety of areas might be advantageous, it also raises worries about how it may influence creative jobs.

AI is still a long way from perfectly replicating human creativity and emotion, both of which are required for genuinely great works of art or literature. Furthermore, even if machines eventually become capable of doing labor on par with humans.

AI has advanced significantly in recent years, and it is now capable of doing many previously thought-impossible activities, and it is extensively used in customer service and e-commerce, such as online shops, gambling sites, and blogs. However, AI can certainly aid in certain aspects of the creative process, such as idea generation or the fact that it has already demonstrated the ability to create entire pieces of literary work with very little human input.

Artificial intelligence is already changing the way we think about creative expression. AI-generated art has progressed dramatically in recent years and has even won honors at art events in some situations. This style of work is known as generative art since it is created by a computer program rather than a human artist. Generative art may be used to produce one-of-a-kind pieces of art that would be difficult to make using traditional approaches. AI-generated music, for example, may be written in a range of styles and genres and even duplicate the voices of renowned singers, dubbed Deepfake music so similar to the actual artist that some cannot tell the difference.

AI can transform creative industries ranging from graphic design to music creation. AI can assist in the automation of monotonous jobs, freeing up time for more creative efforts. AI may also be used to evaluate data to give insights into customer behavior or market trends. This might aid in product development or marketing campaign selections. AI may be used to automate operations such as picture or video editing, freeing up creatives to focus on more complicated jobs such as color grading or special effects.

A world filled with AI-created films, movies, and songs would be intriguing. AI technology has already been utilized to generate some stunning pieces of art, such as the short film Sunspring, which was scripted by an AI algorithm. In this universe, artificial intelligence (AI) might be utilized to create complete films or songs from scratch with no human intervention. The human brain can even envision it. It may also offer up new avenues for filmmakers and artists seeking new methods to express themselves artistically.

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Is Artificial Intelligence Hazarding Creative Jobs? - Analytics Insight

Artificial Intelligence voice coach shows promise in treating depression, anxiety: Study – Organiser

The findings of a recent pilot study headed by academics from the University of Illinois Chicago suggest that artificial intelligence may be a beneficial aid in the treatment of mental illness.

The study, which was the first to test an AI voice-based virtual coach for behavioural therapy, found changes in patients brain activity along with improved depression and anxiety symptoms after using Lumen, an AI voice assistant that delivered a form of psychotherapy. The UIC team says the results, which are published in the journal Translational Psychiatry, offer encouraging evidence that virtual therapy can play a role in filling the gaps in mental health care, where waitlists and disparities in access, are often hurdles that patients, particularly from vulnerable communities, must overcome to receive treatment.

Weve had an incredible explosion of need, especially in the wake of COVID, with soaring rates of anxiety and depression and not enough practitioners, said Dr Olusola A Ajilore, UIC professor of psychiatry and co-first author of the paper. This kind of technology may serve as a bridge. Its not meant to be a replacement for traditional therapy, but it may be an important stop-gap before somebody can seek treatment.

Lumen, which operates as a skill in the Amazon Alexa application, was developed by Ajilore and study senior author Dr Jun Ma, the Beth and George Vitoux Professor of Medicine at UIC, along with collaborators at Washington University in St. Louis and Pennsylvania State University, with the support of a $2 million grant from the National Institute of Mental Health.

The UIC researchers recruited over 60 patients for the clinical study exploring the applications effect on mild-to-moderate depression and anxiety symptoms, and activity in brain areas previously shown to be associated with the benefits of problem-solving therapy.

Two-thirds of the patients used Lumen on a study-provided iPad for eight problem-solving therapy sessions, with the rest serving as a waitlist control receiving no intervention.

After the intervention, study participants using the Lumen app showed decreased scores for depression, anxiety and psychological distress compared with the control group. The Lumen group also showed improvements in problem-solving skills that correlated with increased activity in the dorsolateral prefrontal cortex, a brain area associated with cognitive control. Promising results for women and underrepresented populations also were found.

Its about changing the way people think about problems and how to address them, and not being emotionally overwhelmed, Jun Ma said. Its a pragmatic and patient-driven behavior therapy thats well established, which makes it a good fit for delivery using voice-based technology.

A larger trial comparing the use of Lumen with both a control group on a waitlist and patients receiving human-coached problem-solving therapy is currently being conducted by the researcher. They stress that the virtual coach doesnt need to perform better than a human therapist to fill a desperate need in the mental health system.

The way we should think about digital mental health service is not for these apps to replace humans, but rather to recognise what a gap we have between supply and demand, and then find novel, effective and safe ways to deliver treatments to individuals who otherwise do not have access, to fill that gap, Jun Ma said.

(with inputs from ANI)

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Artificial Intelligence voice coach shows promise in treating depression, anxiety: Study - Organiser

BofA’s analysts say artificial intelligence (AI) is a ‘baby bubble’ for … – Investing.com

The highlight of the stock market in 2023 has been The Magnificent Seven i.e. the surge in shares of the mega-cap tech stocks, Bank of America analysts write in their regular weekly column.

The Big 7 monopolistic U.S. Tech stocks - Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Tesla (NASDAQ:TSLA) - are up 61% year-to-date. The group trades on 30x PE vs 17x for the rest of the S&P 500.

A similar situation can also be observed in Europe where a group of 7 luxury stocks trades on 36x vs the rest of Stoxx 600 trading on 12x PE.

One of the key drivers of the tech rally in 2023 has been the artificial intelligence (AI) frenzy and the popularity of generative AI tools, like OpenAIs ChatGPT. The analysts say AI is in a baby bubble so far.

Bubbles in right things (e.g. Internet) & wrong things (e.g. housing) always started by easy money, always ended by rate hikes, the analysts said in a note on Friday.

They say the Fed funds rate at 6%, not at 3%, could be the pain trade for the next 12 months as the market continues to expect rate cuts in the second half of 2023. In the near term, the S&P 500 extending its rally to 4400 could be another pain trade'.

We still fade SPX 4.2k$220 EPS + 20x PE + 200bps Fed cuts = as good as it gets; but clients so bored of bears, the analysts added.

As far as flows are concerned, $25.1 billion went to cash and $5.6B to bonds in the week to Wednesday.

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BofA's analysts say artificial intelligence (AI) is a 'baby bubble' for ... - Investing.com