AI is now a part of our lives. Regulators are trying to keep tabs on the biggest companies, and tech giants are trying to profit from AI. And we're all still wondering – Is it the end of civilization as we know it? Who will be the first to achieve meaningful regulation? The biggest AI you haven't thought of yet Who are the players? Will legal battles crush or carve out innovation? Yahoo Finance interviewed experts across the industry to answer these questions and more as part of a weekly series. AI revolution. Here are some of the best moments.
Where are we now? (00:00:05)
Yahoo Finance Tech Editor Dan Howley talks about Nvidia's (NVDA) AI progress, competitors Intel (INTC) and Advanced Micro Devices (AMD), and where the AI race is headed. “NVIDIA is the king of AI. They surpassed $1 trillion in market cap in June,” Howley said. “The really big ones (rivals) are AMD and Intel, who have been having trouble for a long time.”
Richard Windsor, founder of Radio Free Mobile, talks about the adoption of generative AI and the outlook for company valuations. “There are huge use cases for artificial intelligence,” Windsor said. “Certainly it's not worth the valuation that people are giving it, because people think the price is going to be much higher than it actually is. This is because there is a
Find a referee (00:00:46)
Yahoo Finance legal correspondent Alexis Keenan breaks down global AI regulatory policy and compares how countries set different rules for AI. “Deepfakes, these are one of the major risks that IP lawyers and technology lawyers talk about… AI impacting government infrastructure is also a big area of concern,” Keenan said.
U.S. Representative Ted Lieu (D-Calif.) is part of a bipartisan effort to bring the Federal Artificial Intelligence Risk Management Act to Congress, which aims to provide AI regulatory guidelines. “This bill would require the standards established by the (National) Institute of Standards and Technology to be applied to both the federal government and companies seeking federal contracts,” Rep. Liu said.
Tom Davenport, Babson College President's Distinguished Professor of Information Technology and Management, discussed AI adoption and AI regulation around the world. “There are a lot of potential opportunities,” Davenport said. “The biggest barrier right now is data and how organizations can make that data compatible with the AI it generates.”
Monetizing AI (00:01:37)
Meredith Whitaker, co-founder and chief advisor of the AI Now Institute, discussed recent layoffs and restructuring in the technology sector driven by AI. “What we need is greater union density so that workers have more influence in deciding where AI is deployed and how it is used,” Whittaker said. I think it's the right thing to do,” he said.
Joshua Pantony, co-founder and CEO of Boosted.ai, highlighted the benefits of using generative AI models for investing and how it differs from past generations of investment programs. “With a system like ours, you can learn information faster,” Pantony explained. “And another thing he says is streamlining processes.”
legal issues (00:02:14)
Brown Neri Smith & Kahn LLP Partner Ryan Abbott provided a detailed explanation of case law surrounding AI, including patent law and copyright infringement law. “What we're basically looking at is this new kind of activity where there are machines that behave like humans and legal systems that are designed with human-centered concepts,” Abbott said. “Companies like Novo Nordisk (NVO) are using AI to develop Wegovy and Ozempic, but can they get patents like that? Or do we need traditional human inventors? ?”
Paul Daugherty, chief technology officer at Accenture (ACN), spoke about AI data and how workplace AI can be effectively incorporated into many business models to benefit workers. Dougherty explained: “Nothing like generative AI has ever existed…It's different,” he says, “because number one is speed…and number two is the human-like nature of this technology. And As a result, everything people do changes.”
election risk (00:02:59)
Yahoo Finance senior columnist Rick Newman explains how AI will impact the 2024 US presidential election and what Americans should pay attention to. “Disinformation in elections is nothing new…so I think what's going to be new in 2024 is just the sophistication of disinformation, using AI to make it look like a real human,” Newman said. It's much easier to make a fake video that looks good.” Audio recording. ”
Generative AI speaker and advisor Nina Schick discusses the political fallout from the AI boom. “When people start to understand that anything can be synthesized, anything can be generated by AI, anything can be faked, then they start to lose faith in everything,” Schick said. “And that's one of the central challenges we face. I think it's one,” he explained.
Video highlights:
00:00:05 – Dan Howley from Yahoo Finance
00:00:26 – Radio Free Mobile Founder Richard Windsor
00:00:46 – Alexis Keenan from Yahoo Finance
00:01:04 – U.S. Congressman Ted Lieu (D-Calif.)
00:01:26 – Tom Davenport, Babson College
00:01:37 – Meredith Whitaker, Co-Founder and Chief Advisor, AI Now Institute
00:02:01 – Joshua Pantony, Co-Founder and CEO, Boosted.ai
00:02:14 – Ryan Abbott, Brown Neri Smith & Kahn, LLP Partner
00:02:38 – Accenture Chief Technology Officer Paul Daugherty
00:02:59 – Rick Newman from Yahoo Finance
00:03:21 – Generative AI Speaker and Advisor Nina Schick
