The Future Institute of Life also issued in March of this year, an open letter of over 1,000 technology leaders advocating for a 6 month pause to advancing generative AI chat bot technology. In Canada recently, over 75 AI researchers and start-up AI CEO’s have signed a letter advocating that the Canadian Federal Government pass the AI and Data Act, called AIDA, which is part of Bill-C27. The other risk is the hallucination effect of these generative AI technologies creating an answer that is not based on accurate data, (ie: sourced from fake data, fake news) and not having the AI based - large language models (LLM’s) cleanse out erroneous data, creating harm, brand risks, or even impacting stock markets.ĪI leader and deep learning expert, Yoshua Bengio, is advocating that AI capabilities have accelerated significantly in the last five years, due to advancements in language-generating technology.

Needless to say there is a lot of enthusiasm in chatbots and it’s not just OpenAI’s Chat GPT, also Replika, Character.ai, and You.com are a few of the market leaders to track.ĭespite the excitement on generative AI, there are prickly issues to resolve, especially in producing toxic content, surfacing up biases on women, and in particular women of color, copyright infringement, labour market shifts we are not ready to handle are all top of mind issues. Even Radical Ventures, a Toronto based VC is in the swing of investing in generative AI technologies, with a new $US500 million fund. Silicon leading investors at Sequoia Capital predict this type of technology will unleash trillions in value. Venture capitalists are flocking to invest in generative AI companies, and already in 2022 over $140 Billion has been invested.

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