Week 25

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View this email in your browser Hi Humans, Get ready for your weekly AI dose. Weekly AI Wrap-Up : McDonald’s Waves Goodbye to AI in Drive-Thrus. OpenAI: From Non-Profit to For-Profit? Natural language embedded programs (NLEP) enabled GPT-4 to achieve over 90% accuracy on various symbolic reasoning tasks, surpassing task-specific prompting methods by 30%. Runway released Gen-3 Alpha, its best yet text-to-video model - an add-on to last week's letter. McDonald’s Waves Goodbye to AI in Drive-Thrus McDonald’s has decided to end its AI drive-thru project. This initiative, launched in 2021, aimed to streamline ordering through voice-activated systems in over 100 drive-thru restaurants. However, it faced hurdles with interpreting different accents and dialects, leading to weird orders with a low accuracy rate.  Disappointed with the lack of consistent customer understanding by its AI system, McDonald’s is shutting down the project on July 26th, 2024. Why It Matters The end of this project underscores the challenges AI faces in real-world applications. Delivering the wrong burgers serves as a concrete reminder that AI still has a long way to go in understanding diverse accents and dialects. It also signals to other companies that while AI holds promise, there's a need for significant improvements before it can reliably replace human labor. Despite this setback, McDonald’s hasn’t given up on AI. They're exploring other avenues, and all eyes are now on their new partnership with Google Cloud. Read the full article here OpenAI: From Non-Profit to For-Profit? OpenAI might be changing its status from a non-profit to a for-profit company. Which means launching an IPO and becoming a major stock market player valued at $86 billion! OpenAI's CEO, Sam Altman, is currenting discussing restructuring the company into a for-profit entity. This change would allow stakeholders and employees to gain financially from OpenAI's big success. Why It Matters Innovation vs. Profit: This shift may speed up innovation but could also prioritize profit over long-term, altruistic AI research. Regulatory Influence: OpenAI’s increased lobbying efforts could shape future AI regulations, impacting global policies. Market Dynamics: If OpenAI goes public, it could attract investments, drive technological advancements, but also raise ethical questions about the fair distribution of AI benefits. OpenAI's potential shift to a for-profit model is a significant development in the AI industry, balancing the tension between public good and financial gains. Or in short: If this happens, it could heavily influence the future of AI! Read the full article here Thank you for reading! If you want to contribute with articles, have inputs, or improvements - please reach out to me on LinkedIn:) Until next time // Annemette Møhl This email was made in collaboration with Lukas Guldstøv. Follow Us Copyright (C) *|CURRENT_YEAR|* *|LIST:COMPANY|*. All rights reserved. *|IFNOT:ARCHIVE_PAGE|**|LIST:DESCRIPTION|**|END:IF|* Our mailing address is: *|IFNOT:ARCHIVE_PAGE|**|HTML:LIST_ADDRESS|**|END:IF|* Want to change how you receive these emails? You can update your preferences or unsubscribe