Tag: generative ai

Categories
Generative AI

Getting Generative AI Ready E02: ‘Aligning Data Strategy with Business Goals’ With AWS and GlobalLogic

Welcome to episode two in a very special “Getting Generative AI Ready” series of the AI Ireland podcast, the show that explores the applications and research of Data Science, Machine Learning and Artificial Intelligence on the island of Ireland.

Our mission is to increase the use of AI for the benefit of our society, our competitiveness and everyone living in Ireland.

In the second episode of this five-part podcast series, we’re joined by Patrick Callaghan, Principal Data Strategy Technologist at AWS Ireland and Keith Hinde, Principal Consultant at GlobalLogic.

In this podcast, Patrick and Keith  discuss the challenges that organisations face in implementing data strategies, in particular focusing on governance and accessibility. 

Governance involves ensuring accurate and correct data reaches the right people at the right time, while accessibility pertains to the ability to use data effectively. Frustration, low morale and a divide between business and IT teams arise when these challenges persist.

The importance of cultural alignment with data strategy is also emphasised, with successful organisations defined by effective management, clear success definitions and a culture aligned with the business goals. The manifestation of alignment issues includes shadow IT and data duplication.

Metrics for measuring effective data strategy implementation include data utilisation, sharing, security and alignment with business priorities. Agility is crucial to adapt to the rapidly changing business environment, with an emphasis on starting small, scaling fast and maintaining a focus on the long-term vision.

The conversation also touches on the relevance of metrics in the context of a marathon rather than a sprint. Additionally, the discussion addresses the potential use of Generative AI, highlighting the importance of a solid data strategy as a foundation for leveraging such advanced technologies. 

The risks of technology-driven approaches without a clear business goal or data culture are emphasised, as they may lead to uncontrollable and unpredictable outcomes.

Subscribe to the AI Ireland Podcast

AI Unleashed: Navigating the AI Revolution

Accessible for purchase on Amazon, AI Ireland’s latest book “AI Unleashed: Navigating the AI Revolution,” is your must read for 2024. For executives, policy architects or technology aficionados seeking to make sense of the intricate world of AI, “AI Unleashed: Navigating the AI Revolution” is your essential handbook. Available on Amazon Kindle or hard copy, this book furnishes you with the expertise and instruments required to employ AI both effectively and ethically.

Book an AI Presentation with AI Ireland today

Discover tailored presentations designed to meet the unique needs of your industry. Gain invaluable insights into the transformative power of AI technologies, ensuring your organisation stays ahead of the curve. Equip your team and stakeholders with the knowledge they need to confidently embrace the future.

Don’t miss the chance to enlighten your team and explore how innovation is positively impacting your industry. Secure your presentation now!

Categories
Generative AI

Getting Generative AI ready E01: Introduction featuring GlobalLogic & AWS

Welcome to episode one in a very special “Getting Generative AI Ready” series of the AI Ireland podcast, the show that explores the applications and research of Data Science, Machine Learning and Artificial Intelligence on the island of Ireland.

Our mission is to increase the use of AI for the benefit of our society, our competitiveness and everyone living in Ireland.

In the first episode of this five-part podcast series, we’re joined by Mark Dunleavy, Head of Commerical at AWS Ireland and Declan Fay, Head of Strategic Business Development & Ireland Country Lead at GlobalLogic.

In this podcast, Declan and Mark discuss the significance of the current era in data and AI, highlighting the rapid evolution of Generative AI. They emphasise the challenges organisations face in data transformation and the need for a shift from monolithic approaches to handling highly distributed data. 

The conversation stresses the importance of educating individuals about Generative AI and demystifying its origins, showcasing examples from companies like Amazon and Ryanair. 

Mark emphasises the incremental nature of the AI journey, with Generative AI being the latest manifestation. They discuss the vital role of a solid data strategy, emphasising that data transformation and AI adoption should be addressed in parallel. 

The importance of understanding regulations and ensuring compliance is also highlighted, with the recognition that innovation opportunities arise from effective data governance.

They conclude by emphasising the importance of organisations understanding their data and being ready for the opportunities presented by Generative AI. 

The series aims to provide actionable insights to help organisations navigate and leverage these advancements, addressing challenges such as data access entitlements and the alignment of data strategy with business strategy. 

Overall, the conversation emphasises the need for a comprehensive and strategic approach to data and AI to achieve successful outcomes.

Subscribe to the AI Ireland Podcast

AI Unleashed: Navigating the AI Revolution

Accessible for purchase on Amazon, AI Ireland’s latest book “AI Unleashed: Navigating the AI Revolution,” is your must read for 2024. For executives, policy architects or technology aficionados seeking to make sense of the intricate world of AI, “AI Unleashed: Navigating the AI Revolution” is your essential handbook. Available on Amazon Kindle or hard copy, this book furnishes you with the expertise and instruments required to employ AI both effectively and ethically.

Book an AI Presentation with AI Ireland today

Discover tailored presentations designed to meet the unique needs of your industry. Gain invaluable insights into the transformative power of AI technologies, ensuring your organisation stays ahead of the curve. Equip your team and stakeholders with the knowledge they need to confidently embrace the future.

Don’t miss the chance to enlighten your team and explore how innovation is positively impacting your industry. Secure your presentation now!

Categories
News

Balancing Innovation with Responsibility: The Evolving Role of AI in Finance

In the evolving landscape of the financial industry, the emergence of Generative AI has marked a significant milestone. Whilst this technology has gained notable attention, it constitutes just a fraction of the broader AI integration within the sector. The focus remains on harnessing AI’s capabilities responsibly and effectively.

Generative AI: A Growing Yet Limited Presence in Finance

A year since ChatGPT’s launch by OpenAI, Generative AI has indeed become a buzzword in the financial services sector. Despite its growing prominence, it remains a limited aspect of the industry’s wider AI adoption. This cautious approach is aligned with the sector’s commitment to responsible AI implementation.

The AI Summit NY Insights: Focus Beyond Generative AI

At The AI Summit NY, the finance track highlighted key areas beyond Generative AI. Emphasis was placed on using AI to enhance efficiency, combat bias and adhere to emerging regulations such as the EU AI Act. This indicates a balanced approach to AI’s potentials and pitfalls.

Addressing Bias in Lending: Lessons from Lloyd’s and Foresters Financial

The challenge of bias in AI-driven lending decisions was exemplified by the Apple Card incident. Dr. Paul Dongha of Lloyds Banking Group emphasised the integration of ethics throughout the data science lifecycle. Similarly, Mirka Snyder Caron of Foresters Financial discussed employing structured frameworks to manage AI’s data lifecycle, underscoring the importance of responsible AI deployment.

Mastercard’s Diverse AI Applications

Mastercard showcases AI’s multifaceted utility, employing it in areas ranging from fraud detection to vulnerability analysis. This diverse application spectrum demonstrates AI’s transformative impact in the financial domain.

AI Strategy: Balancing Innovation and Prudence

Leadership support and strategic implementation are crucial for AI’s success, as noted by Jessica Peretta of Mastercard. The emphasis on starting with manageable projects and scaling up reflects a prudent approach to AI adoption.

Distinguishing AI Types: Foundational and Traditional Models

AI’s diversity was highlighted by Rashida Richardson of Mastercard. She differentiated between traditional, specific-purpose AI models and foundational, general-purpose ones. This distinction is vital for addressing various risks and governance needs.

Generative AI: A New Breed in AI Evolution

The classification of Generative AI as a “new breed” rather than a “new species” by Mastercard’s Jessica Peretta encapsulates its innovative yet integrative nature within the AI ecosystem.

Internal Workflow Enhancement through Generative AI

Generative AI has revolutionised internal workflows, streamlining tasks across business analysis, compliance and content creation. Its versatility in language processing and content generation demonstrates its efficiency and cross-functional applicability.

External Product Enhancement via AI in Financial Services

AI’s role in data-driven financial services is profound, particularly in risk management and fraud detection. Machine Learning enables sophisticated pattern recognition, enhancing fintech product development and security measures.

Organisational Optimisation and AI’s Dual Role

AI’s contribution to financial services extends to organisational optimisation, balancing growth and cost-efficiency. However, balancing AI’s benefits with human workforce relevance remains a critical challenge.

The Unifying Factor: Predictability in AI Applications

The common thread across AI applications is predictability. Leveraging voluminous data, AI models can forecast outcomes, provided there’s careful management of data sources to avoid proprietary data mix-ups.

Mark Kelly, Founder at AI Ireland values Generative AI in finance, emphasising ethical integration for sustainable, globally trusted financial practices.

“As the founder of AI Ireland, I recognise the profound implications of Generative AI in the financial sector. However, it’s important to remember that it’s just one aspect of a much larger AI ecosystem. The industry’s commitment to responsible AI integration, as seen through initiatives like the EU AI Act and the proactive steps taken to combat bias in AI-driven decisions, is commendable. 

“This balanced approach—prioritising ethics and efficiency—is not just about harnessing technology, but about shaping a future where AI supports sustainable and equitable financial practices. It’s this thoughtful integration of AI that will truly drive innovation and trust in the financial industry, both in Ireland and globally.”

In summary, whilst Generative AI has become a focal point in financial services, the industry is navigating its adoption with a broader, more responsible perspective. This includes tackling ethical challenges, leveraging AI for diverse functions, and maintaining a strategic balance in AI implementation. The future of AI in finance hinges on this multifaceted, cautious, yet innovative approach.

Click here to contact us today if interested in partaking in our AI in Finance Training and Workshops

AI Unleashed: Navigating the AI Revolution

Accessible for purchase on Amazon, AI Ireland’s latest book “AI Unleashed: Navigating the AI Revolution,” is your must read for 2024. For executives, policy architects or technology aficionados seeking to make sense of the intricate world of AI, “AI Unleashed: Navigating the AI Revolution” is your essential handbook. Available on Amazon Kindle or hard copy, this book furnishes you with the expertise and instruments required to employ AI both effectively and ethically.

Book an AI Presentation with AI Ireland today

Discover tailored presentations designed to meet the unique needs of your industry. Gain invaluable insights into the transformative power of AI technologies, ensuring your organisation stays ahead of the curve. Equip your team and stakeholders with the knowledge they need to confidently embrace the future.

Don’t miss the chance to enlighten your team and explore how innovation is positively impacting your industry. Secure your presentation now!

Categories
News

Key Considerations in Accelerating AI Adoption for Businesses

Businesses aiming to harness the advantages of cutting-edge Artificial Intelligence tools, such as automating repetitive tasks, enhanced data analytics, reduced human error and improved decision-making speed, are encountering obstacles hindering rapid AI adoption.

A late 2023 survey of 120 UK senior AI/machine learning decision-makers by research and media firm Foundry and technology consulting firm Searce revealed that less than 40% of organisations had successfully deployed an AI project.

Foremost among the barriers identified was the surge in cybersecurity threats, with 58% of respondents in the Foundry/Searce study citing data security as a principal impediment to AI adoption.

Mark Kelly, Founder of AI Ireland, commented that the research highlighted a lack of comprehension regarding the security vulnerabilities of AI applications, particularly those utilising large language models.

He emphasised that these vulnerabilities are not well-understood by most application developers and security testers. Mark suggested that, until there is improved awareness and better tools for auditing and defence, some Chief Information Security Officers (CISOs) are cautioning against launching AI projects due to potential additional risks.

According to Mark Kelly, an essential proactive measure for companies is to enhance their understanding of how AI functions. He anticipates the emergence of dedicated security training and certifications for AI in the coming years. However, in the interim, he recommends internalising this knowledge within data scientists and individuals with expertise in security and AI.

Given the nascent state of tooling in this domain, organisations should primarily concentrate on developing processes to effectively threat model their AI applications, identifying and mitigating unique risks associated with AI.

Overcoming Challenges in Maximizing AI Return on Investment

One significant obstacle hindering the realisation of AI’s full potential is the lack of clear use cases. According to Mark Kelly, who recently authored ‘AI Unleashed, Navigating the AI Revolution As a Business Executive’ and Founder of AI Ireland, many businesses struggle to identify organisational use cases that will yield substantial return on investment (ROI).

He emphasised the critical role of prioritisation in successful AI adoption, noting that selecting an overly impactful use case can lead to doubts across the organization in case of failures. Conversely, opting for a use case with minimal impact fails to garner momentum. Achieving the right balance between complexity and impact is crucial for widespread AI adoption within an organisation.

To address this challenge, Mark suggests establishing an AI council with a focused approach to prioritising use cases. Involving representatives from various organizational departments in the council ensures a comprehensive understanding of where AI can make the most significant impact.

Many organisations express interest in leveraging AI applications but struggle to identify areas where it can add substantial value, according to Mark. He notes a prevailing sense of urgency akin to a “gold rush,” reminiscent of the early blockchain days, where organisations are eager to adopt AI without a thoughtful consideration of its applicability to specific use cases.

Talent shortage in the AI field is another significant barrier. With rapid technological changes, organisations find it challenging to attract and retain top talent. Mark emphasises the importance of investing in talent acquisition and implementing training programs to enhance the proficiency of existing employees in AI. This proactive approach strengthens the talent pipeline, facilitating smoother AI initiatives.

Furthermore, low model maturity poses a challenge, particularly in generative AI models. Mark highlights the risk of “hallucinations” where AI models generate false information not grounded in real data or events. In industries like healthcare and financial services, where accuracy is paramount, these hallucinations raise caution among early adopters. Mark suggests that until AI models mature, companies aiming for rapid AI adoption must navigate this challenge cautiously.

Navigating Regulatory Challenges in AI Adoption

The landscape of AI adoption encounters a significant hurdle in the form of regulatory policies and compliance efforts. According to Mark Kelly, Founder of AI Ireland, the early stage of AI adoption has regulators in the process of evaluating its implications.  Government and regulatory bodies are still in the early phases of formulating guidelines that will shape the broader adoption of AI across companies.

This regulatory uncertainty has prompted caution among companies, particularly those in highly regulated industries. Many are inclined to adopt a “wait-and-see” approach, anticipating the direction regulators take. As Mark highlights, this cautious stance slows down adoption, as companies are hesitant to implement AI solutions that may require unwinding in the face of substantial regulatory changes.

Staying abreast of AI developments is imperative for businesses navigating this regulatory landscape. Mark underscores that AI adoption is not a one-time event but an ongoing mindset shift, where organisations approach all processes with an AI-first lens. Keeping up with the latest advancements becomes crucial for the success of an AI adoption journey.

In essence, as regulatory frameworks evolve, companies must remain vigilant, adjusting their AI strategies in accordance with emerging policies. This adaptability is essential for ensuring a smooth and compliant AI adoption journey in the evolving regulatory landscape.

AI Unleashed: Navigating the AI Revolution

Accessible for purchase on Amazon, AI Ireland’s latest book “AI Unleashed: Navigating the AI Revolution,” is your must read for 2024. For executives, policy architects or technology aficionados seeking to make sense of the intricate world of AI, “AI Unleashed: Navigating the AI Revolution” is your essential handbook. Available on Amazon Kindle or hard copy, this book furnishes you with the expertise and instruments required to employ AI both effectively and ethically.

Book an AI Presentation with AI Ireland today

Discover tailored presentations designed to meet the unique needs of your industry. Gain invaluable insights into the transformative power of AI technologies, ensuring your organisation stays ahead of the curve. Equip your team and stakeholders with the knowledge they need to confidently embrace the future.

Don’t miss the chance to enlighten your team and explore how innovation is positively impacting your industry. Secure your presentation now!

Categories
News

Exploring Cutting-Edge AI Innovations Unveiled at CES 2024

CES 2024 showcased a remarkable array of innovative products, placing Artificial Intelligence in the forefront of attention. As anticipated, the event featured a diverse range of products seamlessly integrating AI technology, pushing the boundaries of what was previously considered achievable. From intelligent mirrors to automated garden tools, these innovations vividly illustrate AI’s transformative impact across all aspects of our lives.

In this blog post, AI Ireland examines some of our favorite and most captivating AI implementations revealed at the show.

Samsung’s Ballie AI Robot: Personalized AI Companionship

Samsung’s Ballie personal assistant robot underwent an update, featuring a new design, onboard projector and enhanced AI capabilities. Operating as an AI pet, Ballie responds to calls and adjusts its projection angle based on people’s posture and facial angle, emphasising the potential of personalised AI companions.

Rabbit R1: Enhancing Efficiency with a Pocket-Sized AI Assistant

The Rabbit R1 stands as a compact AI assistant streamlining tasks by autonomously executing actions across different apps without the need for detailed prompts. This hands-free approach eliminates the necessity for manual app navigation, showcasing the seamless integration of AI into personal assistants.

Anura MagicMirror by NuraLogix: Groundbreaking Health Monitoring Device

NuraLogix introduced the Anura MagicMirror, a pioneering device that analyzes blood flow in the face to assess vital signs like blood pressure and estimate heart disease risk. Utilising Affective AI technology, the MagicMirror offers insights into age and stress levels, showing promise in gyms, clinics and other health monitoring settings.

Volkswagen’s ChatGPT Integration: AI in Automotive Technology

Volkswagen plans to integrate ChatGPT into its electric vehicle lineup, including models like the ID 3, ID 4 and ID 5, as well as gas-powered vehicles like Tiguan, Passat and Golf. This integration will empower car owners to utilize ChatGPT for various inquiries, such as finding nearby restaurants, reflecting a broader trend of AI integration in automotive technology.

Oro Dog Companion Robot by Ogmen Robotics: Intelligent Pet Interaction

The Oro Dog Companion Robot enables remote interaction with pets through two-way audio, video display, treat dispensing and autonomous navigation. Employing AI learning, Oro adapts to a dog’s behavior patterns, providing companionship and responding to signs of distress or restlessness.

DeRucci Smart Mattresses and Anti-Snore Smart Pillow: AI-Enhanced Sleep Solutions

Chinese sleep health company DeRucci presented AI-powered mattresses and a smart pillow designed to enhance sleep quality. The mattress, equipped with 23 sensors, monitors temperature, sleep position and heart rate, adjusting support for optimal comfort. The smart pillow, targeting reduced snoring and sleep apnea risks, intervenes by adjusting loft and head position.

Yarbo Snow Blower S1 Plus: Efficient Snow Clearance with AI

Amidst winter storms in the U.S., Yarbo’s Snow Blower S1 Plus seized the spotlight. This fully automated snow blower, equipped with object avoidance and mapping features, promises effortless snow clearance while ensuring comfort indoors. Capable of rotating 180 degrees and blowing snow up to 40 feet, it represents a timely and practical application of AI.

Cappella AI-Powered Baby Cry Translator: Insights into Infant Needs

Cappella introduced an AI-powered app claiming to “translate” baby cries, providing insights into hunger, discomfort, tiredness, or the need for a diaper change. With a reported accuracy of around 95%, this innovative application showcases diverse applications of AI in everyday life.

Moonbird: Stress Reduction in the Palm of Your Hand

Moonbird, a stress-reducing device that fits in the palm of your hand, utilises AI to guide users in proper breathing techniques. The device expands and contracts to facilitate controlled breathing, aiding in stress reduction and balancing the autonomic nervous system.

Holobox: Realizing Hologram Communication

The Holobox revolutionises hologram communication, transitioning it from a sci-fi concept to reality. Resembling a telephone booth, it projects real-life holograms of individuals during conversations. For optimal visibility, the person being projected should stand in front of a well-lit, white background.

In conclusion, CES 2024 marked a pivotal moment for AI, transcending the boundaries of chatbots and permeating every aspect of our lives. These innovations, ranging from smart mirrors to robotic yard tools, not only demonstrate AI’s transformative power but also signal a future where AI becomes an integral part of daily life, enhancing efficiency, enjoyment, and connectivity. 

As we navigate this AI-driven era, discerning between visionary technology and mere AI hype is essential. The evolving landscape of AI promises exciting developments in the years to come.

AI Unleashed: Navigating the AI Revolution

Accessible for purchase on Amazon, AI Ireland’s latest book “AI Unleashed: Navigating the AI Revolution,” is your must read for 2024. For executives, policy architects or technology aficionados seeking to make sense of the intricate world of AI, “AI Unleashed: Navigating the AI Revolution” is your essential handbook. Available on Amazon Kindle or hard copy, this book furnishes you with the expertise and instruments required to employ AI both effectively and ethically.

Book an AI Presentation with AI Ireland today

Discover tailored presentations designed to meet the unique needs of your industry. Gain invaluable insights into the transformative power of AI technologies, ensuring your organisation stays ahead of the curve. Equip your team and stakeholders with the knowledge they need to confidently embrace the future.

Don’t miss the chance to enlighten your team and explore how innovation is positively impacting your industry. Secure your presentation now!

Categories
News

AI Ireland’s Outlook for 2024: Navigating Trends in Generative AI and Regulatory Landscape

In 2024, the AI landscape is poised for significant developments and our experts at AI Ireland have identified three prominent trends that will shape the course of the year. The dominance of large language models is expected to persist, with a particular focus on the advancements in Generative AI.

Regulatory bodies are anticipated to take bolder steps as they grapple with the multifaceted challenges posed by AI, ranging from issues of bias and copyright to broader concerns like doomerism. These challenges are not merely confined to the immediate future but are set to influence the agendas of researchers, regulators and the public for years to come.

While this blog post could have delved into a myriad of trends, we have chosen to spotlight a few specific ones for 2024, and among them is the rise of customised chatbots. 

Tech companies heavily invested in Generative AI are facing pressure to demonstrate the profitability of their products. To achieve this, industry giants like Google and OpenAI are embracing a strategy of scaling down, developing user-friendly platforms that empower individuals to tailor powerful language models and create personalised chatbots without the need for coding skills. Both companies have launched web-based tools that democratise Generative AI app development.

“In 2024, we anticipate a significant shift towards democratising generative AI, allowing individuals, regardless of technical expertise, to harness the power of language models and craft personalised chatbots,” says Mark Kelly, Founder of AI Ireland.

1.Tailor-Made Chatbots: Embracing the Wave of Personalised AI Experiences in 2024

In the coming year, Generative AI is poised to become accessible to the average non-tech user, leading to an increase in individuals experimenting with various AI models. State-of-the-art models, such as GPT-4 and Gemini, boast multimodal capabilities, allowing them to process not only text but also images and videos. 

This expanded functionality opens the door to a plethora of new applications. For instance, a real estate agent can utilise a powerful model to generate property descriptions effortlessly by uploading text from previous listings, fine-tuning the model, and incorporating videos and photos of new listings.

However, the success of this trend hinges on the reliability of these models. Language models often generate inaccurate information and generative models are prone to biases. Additionally, they are susceptible to hacking, especially if they have web-browsing capabilities. Tech companies have yet to address these challenges comprehensively and as the initial excitement subsides, they will need to provide effective solutions for their customers to navigate these issues.

Developing user-friendly platforms that empower individuals to shape powerful language models and craft their bespoke mini chatbots tailored to specific needs, will eliminate the requirement for coding skills. Both entities have introduced web-based tools, democratising the realm of Generative AI app development and enabling virtually anyone to become a creator of AI applications.

2.Generative AI’s Next Frontier: Lights, Camera, Action in 2024! 

Get ready for the cinematic revolution as 2024 heralds the advent of AI video creation’s second wave! 

Runway has unveiled an annual AI film festival spotlighting experimental movies crafted with diverse AI tools. With a substantial $60,000 prize pool, the top ten films will grace screens in New York and Los Angeles. Major film studios, including Paramount and Disney, are now immersing themselves in the possibilities of generative AI across their production pipelines. 

This transformative tech is not only synchronising actors’ performances with multiple foreign-language overdubs, but also reshaping the landscape of special effects. In 2023, Indiana Jones and the Dial of Destiny featured a de-aged Deepfake Harrison Ford, marking just the beginning of AI’s impact on the big screen.

Beyond Hollywood, Deepfake tech is gaining traction for marketing and training purposes. UK-based Synthesia, for instance, offers tools that transform a single actor’s performance into an endless array of Deepfake avatars, delivering scripted lines at the touch of a button. According to the company, 44% of Fortune 100 companies now utilise this technology.

However, the versatility of this technology raises significant concerns, especially within the acting community. The use and potential misuse of AI by studios were central to the SAG-AFTRA strikes last year. Yet, the true repercussions of this technology are only beginning to surface.

“In the realm of AI, 2024 marks a groundbreaking shift towards the convergence of technology and cinema. The second wave of generative AI, particularly in video creation, is not only reshaping the way we produce movies but is also challenging traditional norms. 

Mark Kelly, AI Ireland Founder, reflecting on the transformative impact of AI in the film industry said: “As we witness major studios embracing this transformative technology, the dynamics of filmmaking are undergoing a fundamental change. 

“The potential for AI in video creation is not just a glimpse into the future; it’s a seismic shift in the very fabric of the cinematic experience. Now, we find ourselves seamlessly transitioning into the era of text-to-video—input your ideas, and presto, witness them transform into captivating videos.”

The spotlight is on Midjourney’s recent and thrilling shift from image to video creation, as announced by their CEO. This leap is nothing short of revolutionary.

Imagine crafting movie masterpieces within minutes and on a budget, a stark contrast to the traditional million-dollar and time-consuming film production.

Very soon, creating personalised movies will be quick, easy, and cost-effective. Which AI video tools have you explored?

3.Versatile Robots on the Horizon: Embracing the Multitasking Era

Drawing inspiration from the foundational principles fueling the current surge in Generative AI, roboticists are embarking on the creation of more versatile robots capable of handling a diverse array of tasks.

In recent years, the landscape of AI has shifted from employing multiple specialised models, each dedicated to distinct tasks such as image identification, drawing or captioning. Instead, there’s a move towards monolithic models, exemplified by OpenAI’s GPT-3, capable of being fine-tuned to tackle coding problems, scriptwriting, high school biology exams and beyond. 

Multimodal models like GPT-4 and Google DeepMind’s Gemini demonstrate proficiency in both visual and linguistic tasks. This approach is now extending to robotics, eliminating the need to train separate robots for distinct functions like flipping pancakes or opening doors. A one-size-fits-all model could empower robots to multitask efficiently, as evidenced by several noteworthy developments in 2023.

In June, DeepMind introduced Robocat, an evolution of the previous year’s Gato, designed to autonomously generate data through trial and error, enabling it to control a variety of robot arms instead of a specific one.

Come October, DeepMind unveiled another general-purpose model for robots, RT-X, along with a substantial collaborative effort involving 33 university labs to create a comprehensive general-purpose training dataset. Other leading research teams, including RAIL at the University of California in Berkeley, are exploring similar technologies.

However, a key challenge lies in the scarcity of data. While Generative AI benefits from vast internet-scale datasets of text and images, robots face a dearth of reliable sources to learn industrial or domestic tasks. Addressing this issue, Lerrel Pinto at New York University and his team are pioneering techniques that allow robots to learn through trial and error, generating their training data in the process.

This innovative approach, already proving successful in the realm of driverless cars, is exemplified by startups such as Wayve, Waabo, and Ghost. They are leading a new era of self-driving AI, using a single large model to control a vehicle rather than multiple smaller models for specific driving tasks. This shift empowers smaller companies to compete with industry giants, akin to Wayve testing its driverless cars on the bustling streets of London.

As the paradigm of large-scale models revolutionises the field of driverless cars, a similar transformative boost is expected to ripple across robotics, ushering in an era of versatile and efficient multitasking robots.

“The synergy of generative AI principles with robotics is propelling us into a new era of versatile automation. The concept of employing a single model for multitasking robots is a game-changer, ushering in a dynamic future for the field,” notes Mark Kelly, Founder of AI Ireland.

Do you agree? Come back next year and check how we did.

AI Unleashed: Navigating the AI Revolution

Accessible for purchase on Amazon, AI Ireland’s latest book “AI Unleashed: Navigating the AI Revolution,” is your must read for 2024. For executives, policy architects or technology aficionados seeking to make sense of the intricate world of AI, “AI Unleashed: Navigating the AI Revolution” is your essential handbook. Available on Amazon Kindle or hard copy, this book furnishes you with the expertise and instruments required to employ AI both effectively and ethically.

Book an AI Presentation today

Discover tailored presentations designed to meet the unique needs of your industry. Gain invaluable insights into the transformative power of AI technologies, ensuring your organisation stays ahead of the curve. Equip your team and stakeholders with the knowledge they need to confidently embrace the future.

Don’t miss the chance to enlighten your team and explore how innovation is positively impacting your industry. Secure your presentation now!