AI

AI

What Aspect of Your Life Is AI Likely to Change Next?

While there has been a lot of discussion around artificial intelligence (AI) in the last year or so, it still hasn’t greatly affected the daily lives of the majority of people. What are some of the current projects that could change this and make AI a bigger part of our lifestyles?

Playing Casino Games

Casino slots have been changed recently thanks to new technology. The latest releases on the online casino at Paddy Power include Eagle of Wealth and Squid Game, where interesting bonus features are added to the basic gameplay. Free spins and jackpot prizes are amongst the most commonly used bonuses that can be randomly triggered in these games. Could AI be the next big move that makes these games more immersive and personalised?

The introduction of AI technology may help developers continue to explore new themes while allowing players to adapt the layout or features. It’s becoming easier to imagine a future in which each casino game we play is individually created based on aspects such as our tastes, skill level and feedback. Added to the use of augmented reality and virtual reality, this should mean a new era for this genre.

Searching for Answers on Google

Following its launch in 1998, Google quickly became the most popular internet search engine. It soon became so widely used that people started to use ‘google’ as a verb when searching online for information and it was named as 2002’s most useful word by the American Dialect Society. The Google Guys by Richard L. Brandt is an informative book from 2011 about how Larry Page and Sergey Brin made this search engine the industry leader by keeping things simple

Part of their success has been in adapting to the changing world around us and making sure that Google brings back the most accurate results every time. Recent news reports suggest that Google may add AI searches as a premium level of service. With an estimated six million searches carried out every minute in early 2024, this move would be about protecting their number one position in the industry while potentially creating a new revenue channel and helping users refine their searches.

Creating Spotify Playlists

Music streaming services like Spotify have introduced a new way of listening to songs and podcasts. At the time of writing, Spotify has over 230 million subscribers amongst its 600 million+ user base. Part of the reason for its success is the algorithm that sits at the heart of the service. Spotify currently uses AI to help users find new songs that they’re likely to enjoy as effortlessly as possible.

The latest news from Spotify takes their use of the latest technology a step further by giving listeners the chance to use AI to create playlists based on written prompts. It’s initially being rolled out as a beta model for mobile devices for British and Australian users and has been designed to let users type in a wide range of requests that lead to them discovering new tracks.


Making the Public Services in Our Cities Easier to Use

The Indian state of Uttar Pradesh could be the site of the world’s first AI city, with plans announced to create a modern city in Lucknow. But when will the majority of our cities use AI? A poll carried out in 2023 by Bloomberg Philanthropies led to a report called State of Cities: Generative AI in Local Governments. In it, they reveal that 96% of city mayors around the world are interested in using AI to improve their cities. However, only 2% of the cities included in the report are currently using it.

Looking more closely at the details, we can see that 69% of the cities are currently testing or in some way exploring AI. 22% of them have got a Gen AI lead in position while 13% of them have created guidelines and policies about their use of the technology. All of this means that city services such as public transportation are likely to be affected by the move towards AI in the near future.

These developing areas show us the different ways that AI will soon affect our lives. The changes won’t always be noticeable at first sight but it seems certain that more parts of our lifestyle will be powered by AI in the next few years.

Artificial Intelligence – Resembling Hum” (CC BY-SA 2.0) by deepakiqlect

New Microsoft AI Centre Could be a Massive Game-Changer

AI

Artificial intelligence (AI) is becoming increasingly essential across various industries, significantly impacting day-to-day operations.

Whether it’s in education, healthcare, music or film, AI has experienced considerable growth over the years, becoming a vital tool in many sectors.

Its reliability and ability to eliminate human error have made it highly sought after, giving it a seal of approval from many companies and industries striving for the idealistic ‘no mistake’ culture.

One of the biggest advantages of AI is its ability to free up human resources by handling repetitive tasks efficiently, allowing employees to focus on more important aspects of their work.

As a result, companies can allocate their financial resources more effectively, maximising productivity and innovation. All of these pros have led the betting industry to get on board with the AI revolution, and a surge in the quality of offerings available to customers has been evident.

In countries such as the United Kingdom (UK) and Ireland, AI has been playing a significant role in shaping the sports betting landscape, improving user experiences and streamlining processes.

Things are now set to be ramped up a few notches following the launch of a new Microsoft AI centre in London, which will focus on making language models and technology better. The centre will work closely with other Microsoft teams and partners such as OpenAI.

Leading the charge is Jordan Hoffmann, an esteemed scientist and engineer in the field of AI.The goal of the hub is to tap into the abundant pool of AI talent in the UK by recruiting top scientists and engineers to tackle some of the most pressing AI challenges of our time.

This is not just great news for Microsoft but also for the UK. It is evidence of Microsoft’s substantial long-term investment in the country’s AI ecosystem. The decision to establish the AI hub in the UK reflects a shared ambition and reinforces Microsoft’s existing presence in the country, including its research lab in Cambridge.

However, In the rapidly evolving world of technology, it’s not just big companies like Microsoft that are venturing into the world of AI. Investors worldwide are increasingly recognising the potential of AI technology and are ploughing significant capital into AI-focused ventures and startups.

There’s already a battle underway in an under-explored part of the AI sector with chip design software keeping major companies and organisations on their toes. Several merger and acquisition deals have been announced, and more mega-mergers are in the pipeline as companies look to tap into this flourishing sector.

Much like the UK, Ireland isn’t missing out on the AI action either. Irish betting platforms are getting in on the game, using the transformative potential of AI to make their services better for users and stay ahead of the competition.

As the betting landscape evolves, fuelled by technological advancements and changing consumer preferences, the best betting apps in Ireland are leveraging AI to differentiate themselves in a crowded market.

Several leading Irish betting platforms have been at the forefront of AI innovation in the country’s betting sector. They have employed AI and machine learning algorithms to analyse vast amounts of data, including player statistics, team performance, historical trends and betting patterns.

This helps the companies improve their odds calculation and risk management while making sure their customers keep coming back for more.

The use of AI extends beyond predictive analytics to include personalised recommendations,targeted marketing campaigns and even helping people gamble responsibly.

AI’s transformative impact on several industries not just in the UK and Ireland but across the globe, has been huge. With AI, betting has become smarter and faster, giving punters better chances to profit from wagers.

The technology offers plenty of positives, including quality real-time updates and adjustments, allowing punters to react swiftly to changing conditions and manage risks effectively while watching their favourite sport.

Thanks to AI, punters can adjust their betting plans quickly as the game unfolds, taking advantage of good opportunities to score huge profits and avoid catastrophic losses.

With Microsoft’s investment in advancing AI capabilities, we can expect further inventions in betting platforms. AI offers a world of untold possibilities and big companies are determined to explore every inch.

For bookmakers, AI-powered algorithms can analyse vast amounts of data to identify patterns and trends, enabling more accurate predictions of sports outcomes and market fluctuations.

AI’s enhanced predictive capability not only helps bookmakers set fair odds, it also helps them manage risk more effectively, ultimately leading to more profitable operations.

Betting platforms are likely to continue pushing the boundaries of what’s possible with AI to extend the benefits to every person and organisation across the UK and Ireland.

How AI is Affecting the Online Gambling Industry

How AI is Affecting the Online Gambling Industry

Incorporating Artificial Intelligence (AI) into the online casino business signifies a major shift in how players interact with online gambling platforms. AI’s potential is beyond merely improving user experience, as it fundamentally transforms game design, customer support, security, and responsible gambling activities.

The Benefits of AI in the Gaming Industry

Game Design & Fair Play

In online casinos, AI is vital to both game design and impartiality. By incorporating sophisticated algorithms, games are rendered more immersive and engrossing, featuring dynamic narratives and adjustable levels of difficulty that accommodate a wide range of players. In addition to guaranteeing the games’ integrity, AI-powered game development creates an unpredictable and fair gaming environment.

This technology ensures that the fundamental principle of fairness in wagering is upheld by analysing game outcomes for anomalies or patterns that could signify manipulated or biased play.

Furthermore, artificial intelligence (AI) plays a pivotal role in the advancement of random number generators (RNGs), which are critical for guaranteeing the integrity and unpredictability of games such as roulette and casinos. AI systems continuously monitor and subject these improved RNGs to rigorous testing to ensure they adhere to the generally acknowledged standards of fairness.

By integrating AI into the development of random number generators (RNGs), online casino platforms can cultivate a more transparent and dependable wagering ecosystem, thereby enhancing player confidence in the fairness of the games.

Artificial Intelligence & A Bettor Evolution

Initially, AI was mostly used by casinos and bookies to enhance their methods and maximise their earnings. It assisted them in comprehending the intricate network of probabilities, statistics, and player performance data. However, currently, a novel and captivating transformation is taking place.

People and businesses are using artificial intelligence to give bettors an advantage. This advancement entails more than simply achieving fairness in competition; it involves fundamentally reshaping the activity’s regulations.

The gambling industry is now seeing the emergence of sophisticated AI models that are extensively trained on extensive collections of casino games, sports and betting data. AI-powered apps are progressively replacing the traditional dependence of gamblers on tables, books, tipsters, and charts. This signifies a significant progression in how individuals regard wagering and gambling as a whole.

However, in some circumstances, the utilisation of AI works both ways. Casinos and bookmakers increasingly rely on AI-powered algorithms to analyse game history, player statistics, and other relevant information to generate the most optimal odds that can result in higher profits. The sports betting sector has greatly benefited since AI can rapidly analyse vast quantities of data and identify patterns that people would miss.

Customer Service

When you compare Ireland’s best online gambling operators, using artificial intelligence (AI) in online casinos has revolutionised customer service by using chatbots and automated assistance systems. These AI-powered technologies provide immediate support to gamers, handling inquiries and fixing problems 24/7.

This enhances customer service’s efficacy and guarantees a smooth and uninterrupted gaming experience for gamers.

Security & Fraud

Ensuring security is of utmost importance in the realm of online gambling, and the use of artificial intelligence greatly bolsters the capacity to identify and thwart fraudulent behaviours.

AI systems can detect atypical behavioural patterns that suggest illicit activities, such as the illegal movement of funds or the unauthorised use of someone’s identity. These systems progressively enhance their efficiency through ongoing learning and adaptation, offering a strong defence against possible security risks.

Responsible Gambling

The contribution of AI in encouraging safe gaming is remarkable. Through the analysis of player behaviour, artificial intelligence may detect indications of problematic gambling and take timely intervention measures. Online casinos may use this information to provide tools, establish limitations, or extend self-exclusion alternatives to players who are in danger. Implementing this proactive strategy for player safety is crucial for sustaining a secure and accountable online gaming atmosphere.

Potential Downside to AI Online Gambling

In contrast to conventional casinos, most online casino operators use several promotional strategies to attract new consumers and incentivise current customers to engage in gambling activities. Nevertheless, AI is anticipated to revolutionise how these campaigns are marketed in the future. AI will identify those who are likely to exploit certain incentives, thus leading to the potential of heightened problem gambling.

Some bettors are discouraged by these promos due to the presence of a wagering requirement. Casino owners believe that AI may be used to modify these offers to enhance their attractiveness to certain individuals.

While most websites use cookies to get insights into visitors’ preferences, artificial intelligence (AI) is anticipated to elevate this capability to a higher degree. It will be utilised to analyse the behaviour of various clients, enabling the usage of obtained information to target individuals specifically.

Altering the Live Gambling Experience

While VR and AI (Artificial Intelligence) are distinct concepts, they are intricately interconnected. Individuals are already using VR headsets for various purposes, and professionals in the casino industry assert that these devices may enhance the realism of online gaming with the potential to transform the current gambling landscape fundamentally.

Even though online gambling companies often provide more favourable promotions and probabilities than brick-and-mortar casinos, many individuals nevertheless choose to visit the conventional casino instead. This favourite pastime could end, as software developers have been designing programs that simulate the experience of being in an actual casino. Since the onset of the epidemic, there has been a surge in internet gambling. Still, many individuals see it as lacking the ambience of traditional gambling venues, and virtual reality is opening the door to enhance the excitement of gambling at home.

It would have a profound impact on games such as online poker. During the course of the games, you would have the opportunity to observe and interpret your opponent’s response from the sofa. Envision a blackjack table surrounded by a sizable gathering of individuals enthusiastically encouraging you as you prepare to take action, all of whom are using VR headsets and headphones to immerse themselves into a lifelike casino setting.

Final Thoughts

In summary, artificial intelligence has emerged as a transformative instrument that has significantly bolstered the online gambling and wagering sectors. There are numerous innovative opportunities presented by the incorporation of AI into online wagering to accommodate the evolving preferences of gamblers in the digital age. AI is expected to persist in influencing online wagering and betting in the coming years, offering innovative solutions that serve as the foundation for enjoyable and accountable gameplay.

The Creative Duo: Human Artists and AI Art Makers

Human Artists

In the art world, a new partnership is taking center stage: human artists and AI art makers. This duo is blending the emotional depth of human creativity with the precision and speed of artificial intelligence, opening up a new realm of possibilities for what art can be.

What is an AI Art Maker?

An AI art maker is a computer program designed to create art. It’s like a digital partner for the human artist, offering a new set of tools to express creativity. These AI systems learn from looking at a lot of different artworks and then use that knowledge to make new pieces of art.

How AI Art Enhances Creativity

AI art is not here to replace human artists; they’re here to help them. They can do the quick work of trying out different colors or styles, which lets artists see lots of options fast. This can help artists choose the best path for their vision.

Moreover, AI can handle the more repetitive parts of making art, like filling in backgrounds, which frees up time for artists to focus on the parts of their work that need a human touch.

The Collaboration Process

When artists and AI work together, it’s a back-and-forth process. The artist might start with an idea and use the AI to explore different ways to bring that idea to life. Then, they can refine the results, adding personal touches or making changes until the piece feels just right.

This partnership allows for a mix of human intuition and AI’s vast data processing, leading to unique artworks that might not have been possible for either to create alone.

AI Art in the Professional World

Professional artists are finding art makers to be valuable assistants. In fields like graphic design, movie production, and video game development, AI can quickly generate images and patterns, helping to speed up the creation process.

This doesn’t just save time; it also allows for more experimentation. Designers can try out more ideas, leading to better final products and more innovative designs.

The Ethical Side of AI Art

With AI making art, there are new questions about who owns the art and how to credit it. Is the artist the person who had the idea, the one who built the AI, or the AI itself? These are questions people need to find answers to.

It’s important to make sure that AI art is used in a way that’s fair and respects the rights of human artists. As AI becomes a bigger part of art, these issues will need clear rules.

The Future of Art with AI

The future of art with AI looks exciting. As AI improves, it will become an even more powerful tool for artists. One might see new styles of art that one can’t even imagine right now.

As art makers become more common, they’ll keep changing how art is made. This will open up art to more people, making it easier for anyone to create and share their vision with the world.

Adobe Firefly states, “Adobe Firefly is a fast, intuitive way to create AI-generated art in a variety of styles. It lets you create detailed, stylish images with a text prompt. You can quickly customize your images with other Firefly tools, or fine-tune it even further in Creative Cloud apps like Adobe Photoshop.”

The partnership between human artists and AI art is a powerful one. Together, they’re creating a new kind of art that’s rich, diverse, and full of potential. As one moves forward, this creative duo will continue to push the boundaries of what art can be, making the world a more vibrant and imaginative place.

In the UK, World’s First AI-Powered Web 3 Internet Search Launches by yoursearch.ai

Startup Introduces New Way To Search The Web Via Open Source Web App or Messenger With AI-Generated Text Response & Configurable Algorithm, Alongside Other AI Services
In the UK, technology startup, yourchat.ai Ltd., have recently announced the launch of its innovative AI services via ChatGPT, yourchat.ai and yoursearch.ai.
On yoursearch.ai, users first enter their search query in a web app or Messenger. The chatbot then sifts through the best Google search results with the help of ChatGPT and answers the question as a text answer – including the sources of where the results were found. Unlike a traditional Google search, users do not have to waste time searching for their desired answer(s) from various linked search results. Plus, users are never bombarded with any ads while using the service, which is much faster than Microsoft’s Bing with GPT4.
The web app also offers an editor mode where users can customise the search prompt; users can share their best prompts on all public platforms with #yoursearch and get a $5,000 reward as well as a job offer if the startup uses it on yoursearch.ai.
“Now is the time to rise from the dark silicon valley to the sunlit path of AI and Web 3,” said founder & serial entrepreneur, Dr. jur. Can Ansay. “I intend to lead the AI and Web 3 revolution in the best interest of users and humanity by putting the power back in the hands of users; not only will people have access to and help shape our innovative services, but 60% of my profits and voting rights as a sole shareholder will be distributed directly back to users and the linked website creators. Investors are also excited.”
yourchat.ai harnesses the power of formerly launched AI services via Messenger, which, unlike their conventional use via browser, works faster, is easier to use, and is completely free to users. Whether you’re looking for advice, fitness tips, text writing, or a new recipe, just ask the AI and it will tell you anything you want to know, instantly. Users can also receive AI images via Messenger using just a text description.
The company will also be launching two additional services in the coming weeks: yourfriends.ai and yournews.ai. With yourfriends.ai, users can add unofficial celebrity chatbots as Messenger friends, allowing them to connect, learn, and converse in a new way with notable figures like Elon Musk, Jesus, or any person in history. AI expert chatbots can help with learning, weight loss, career advice, and spirituality, to name a few.
With yournews.ai, users will receive news that is automatically summarised by ChatGPT via a dedicated web app for free – even through Paywalls. News from foreign websites is translated into a user’s native language, and users can even filter news by rating and specific emotions triggered.
yourchat.ai Ltd. CEO and founder, Dr. jur. Can Ansay is a serial social entrepreneur from Germany. After a successful career as a lawyer, he developed an AI medical diagnosis app in 2013, he then founded an eHealth company in 2018 that topped nearly 700,000 users. In 2021, he launched an AI bot for personalized therapy options and created free online COVID-19 self-test certificates, and in 2022, he launched the first legal online store for cannabis flower in Europe.

European ChatGPT assistant to aid doctors with medical, administrative, and personal duties

Dr Tonic, a new virtual assistant, has been launched by Tonic App to support medical doctors on their day-to-day tasks. Dr. Tonic is powered by ChatGPT API, the large language model trained by OpenAI.

The virtual assistant is integrated with Tonic App, a 360 tool for doctors that curates medical knowledge, clinical tools, educational content, jobs and more, used already by 119,000 physicians. Dr. Tonic is a cheerful virtual assistant that prefers using medical terminology and to give deterministic answers, compared to the generalist version of ChatGPT.

Dr. Tonic is making it easier for doctors to retrieve knowledge, to summarise medical records and key findings in studies, write templates for patient referral letters and emails, prepare health information for lay people, and even support them in planning their holidays or meals.

In the first 24h after the launch, an average 414 words were exchanged with Dr. Tonic by doctor – and growing. The top use cases have been 1) medical knowledge retrieval, 2) questions about medical studies, 3) utilitarian questions, 4) inquiries about Tonic App and 5) queries about the reliability of the service.

Even though ChatGPT was trained with a huge body of medical knowledge, it cannot yet be used safely for diagnosis and treatment decision-making. This is where Tonic App’s clinical content and previously acquired data becomes synergistic with the virtual assistant, as it was produced according to the highest standards so that it can be safely used for clinical decision-making and to feed the model.

Dr. Tonic is also useful in reducing the administrative burden of medical doctors, which has been increasing, as healthcare moves towards value-based care that requires detailed tracking and reporting of quality metrics.

“We are excited to launch Dr. Tonic, because we believe this is the start of a new era for healthcare. AI finally enters the day-to-day operations of healthcare professionals, after years of promise”, says Daniela Seixas, CEO of Tonic App, and herself a medical doctor. “It is estimated that up to 40% of doctors’ time is desk work, particularly in primary care. We can now help medical doctors save real time, reduce stress, and focus on what matters the most: patients. AI is also set to help compensate the shortfall of healthcare workers in Europe.”

Beyond the obvious benefits, AI-assisted tools raise challenges that need to be addressed. In terms of data privacy, third party personal data, such as patients’ identifiers, cannot be shared with the bot, and GDPR compliance must be assured. At Tonic App, we do not allow the larger OpenAI generative model to learn with the data created by our doctor users through our dedicated API.

Dr. Tonic is now available for professional use at Tonic App in France, Italy, Spain and Portugal, and soon in the UK. To learn more about how it works and how it can benefit your practice, visit www.tonicapp.io.

Tonic App supports medical doctors in diagnosing and treating their patients, by bringing together all the professional resources they need for their day-to-day work in a single mobile platform. Tonic App makes clinical practice even more practical.

The 37 people company was co-founded in Porto in 2016 by Daniela Seixas, CEO, and Andrew Barnes, Christophe de Kalbermatten and Dávid Borsós.

Tonic App has been named by Forbes magazine as one of 60 female-led startups that are “shaking technology around the globe”.

 

For more information visit: www.tonicapp.io

Music Promotion Chat Assistant Launched, Powered by OpenAI Technology

Promoly, the innovative music promotion app, has just revealed the launch of PromolyGPT, a dtong chat assistant built on OpenAI technology. Designed specifically for record labels, PromolyGPT helps users conjure up compelling copy, develop marketing strategies, and make more informed decisions.
With PromolyGPT, record labels can effortlessly create effective marketing campaigns that resonate with their target audience. The chat assistant uses natural language processing and machine learning to understand users’ needs and preferences, providing tailored recommendations and insights that improve the effectiveness of their promotional efforts.
PromolyGPT is the latest addition to Promoly’s suite of music promotion tools, which includes email marketing, pre-save campaigns, and DJ promo delivery. By leveraging the power of OpenAI technology, Promoly is giving record labels the tools they need to succeed in an increasingly competitive industry.
“We’re excited to launch PromolyGPT and help record labels take their promotional efforts to the next level,” said Promoly Co-Founder Pete Callaghan. “Our chat assistant is easy to use, efficient, and highly effective, enabling record labels to create marketing campaigns that generate results.”

Fundamental AI Problem Solved by UK Startup Zoea for Code Generation

London-based AI startup, Zoea Ltd, has created a ground-breaking yet simple approach that massively minimises the combinatorial explosion in certain classes of problems. This phenomenon arises when the number of potential states in a system grows exponentially, such as the possible board configurations in a chess game, which makes solving many problems extremely difficult, if not impossible. The issue is particularly prevalent in AI but can also arise in other domains. 

The new approach has been developed within the context of the existing Zoea code generation system. Zoea transforms a set of test cases, comprising example inputs and corresponding outputs, into code directly, using a classic AI technique called Inductive Programming. Inductive Programming provides significant benefits over deep learning, such as greater transparency and the elimination of the need for training. However, it also suffers from the combinatorial explosion, which was the primary problem that Zoea set out to solve. 

Zoea’s breakthrough method reduces the amount of work required by between five and twenty orders of magnitude, depending on the size of the required program. This is equivalent to the difference between a problem taking around 950 years to solve verses taking just three seconds. 

The approach relies on the fact that programming languages have approximately 200 instructions, but most individual programs use fewer than ten of them. Therefore, if one could guess the instructions required for a given problem, it would be much easier to solve. In the new approach, guesses take the form of thousands of overlapping subsets of instructions, each containing between ten and fifty instructions derived from existing code. 

The probability of at least one subset containing all the required instructions is very high, as the distribution of instructions used by human developers is highly skewed and these patterns are preserved in the subsets. The subsets also allow problems to be tackled by hundreds or thousands of computers in parallel, with minimal duplication of effort due to overlap. Furthermore, even with thousands of subsets, less than ten guesses are required to find a solution in 50% of cases. 

This approach will enable Zoea to produce much larger programs in considerably less time, making Inductive Programming a more compelling option for AI-based code generation. Additionally, variations of this approach may help address the combinatorial explosion in other areas of AI and computing. 

“Some of the best brains in AI have been trying to solve this problem for decades” says Edward McDaid, CTO at Zoea Ltd. “The answer has in fact been hiding in plain sight the whole time”. 

“So far we’ve only scratched the surface with this new approach. There are a lot of improvements and refinements that are possible which could deliver even bigger benefits”. 

Full details of the approach and the results have been peer reviewed, published and were recently presented at the ICAART 2023 AI conference in Lisbon. 

A preprint of the paper is available here and a non-technical blog post is available here.

ChatGPT is a leap forward but not the massive breakthrough everyone thinks it according to Elerian AI

Since the ChatGPT prototype launch in November, there’s been massive interest in its application across industries, including customer service. While OpenAi’s ChatGPT does seem to take a massive leap forward and continually improve, Elerian AI CTO, Alfredo Gemma, disagrees that it’s the breakthrough everyone thinks it is – although it’s an impressive milestone on the road to AGI.

Artificial general intelligence (AGI), the ability of an intelligent agent to understand and learn any intellectual task that a human being can, still requires Deep Learning (DL) architecture to generalise effectively to work.

Says Gemma, “Large Language Models (LLM), such as the one powering ChatGPT, remember everything up to the point at which their training stopped. The question then becomes whether the system is capable after that of human-like generalisation capabilities needed to achieve an AGI and the likely answer is no.”

Human intelligence can be considered a combination of specialised intelligence (linguistic, emotional, logical-mathematical, spatial, bodily-kinesthetic, musical, etc.), leveraging memory in a particular way. The ability to generalise our knowledge is a fundamental aspect of human intelligence: humans can extend and apply the knowledge acquired in a specific context to other contexts when we identify similarities. Generalisation is only possible if one can identify the context, which is only remembered through memory. Memory is a requirement for intelligence.

To generalise, an intelligent system must be able to instantly repurpose its existing cognitive building blocks to perceive completely new objects or patterns without having to learn them, that is, without having to create new building blocks specifically for them.

In the end, the real problem with LLMs like ChatGPT is a structural one, which depends on the underlying architecture of the neural networks: the Deep Learning (DL) architecture. The biggest problem with DL is its inherent inability to generalise effectively. Without generalisation, edge cases are an insurmountable problem, something that the autonomous vehicle industry found out the hard way after wasting more than $100 billion by betting on it and still needs to produce a fully self-driving car.

Says Gemma, “Some in the AI community insist that DL’s failure to generalise can be circumvented by scaling (like it is done when LLMs are created), but this is not true. Scaling is precisely what researchers in the self-driving car sector have been doing, and it does not work. The cost and the many long years it would take to accumulate enough data become untenable because corner cases are infinite.”

There are many cases in which ChatGPT was requested to write articles on various topics. The result was decently well-written in almost all these cases, but it needed to be corrected. Every version of the story, even if prompted multiple times, contained errors that the chatbot couldn’t identify when engaged in conversation. ChatGPT is prone to fabricating answers if its knowledge doesn’t cover your request, even when you’re not asking it to write an article.

Concludes Gemma, “Bottom line, cracking generalised perception and the DL architecture needed to achieve that is still an open problem and would be a monumental achievement. For now, ChatGPT is exciting but not exactly a massive game-changer.”

Autorité des marchés financiers (AMF, the French Financial Markets Authority) Approves BlockchainValley 4IR Utility Token (ICO) Public Sale

Blockchain Valley SAS (“BlockchainValley”) are announcing on the of 6th February 2023 that the French financial markets authority (the “AMF”) has approved the information document (the “Information Document” or “Document d’Information” in French, commonly called a “WhitePaper”) under the Visa number ICO.23-028 prepared by BlockchainValley in connection with the public offering of utility tokens, the “4IR Tokens” to be registered on the Ethereum blockchain in a first phase of the project (the “ICO”).
  • BlockchainValley aims to raise funds by this ICO to finance the development of its project to create a digital ecosystem based on the creation and deployment of an e-commerce platform (the “Digital Platform“) focused on the sale of goods and the provision of services related to the Fourth Industrial Revolution (the “Project“). This concept covers a range of advanced technologies including artificial intelligence, blockchain, 5G, the Internet of Things (or IoT), cloud services, nanotechnology and autonomous vehicles.

Around this Digital Platform, the ambition of the Project is to create a real ecosystem that brings together individuals, companies, associations, organizations and public authorities that offer or seek to benefit from goods or services related to these advanced technologies.

The 4IR Tokens can be used by their holders as a means of payment to acquire goods or benefit from services that will be offered on the Digital Platform, but also as an incentive for the various stakeholders involved in the BlockchainValley ecosystem developed around the Project. More information about the rights and obligations attached to the 4IR Tokens issued in the context of the ICO is provided in Section 3 of the Information Document.

The first phase of the BlockchainValley Digital Platform has already been developed by an evolving team of developers and is accessible in a sandbox beta version during the Offer. The Digital Platform will be officially launched at the end of the Offer.

Beyond the deployment of the Digital Platform, the Project also aims to develop various technological applications (the “Applications“) that will benefit the various stakeholders of the BlockchainValley ecosystem. Number of interoperable Applications had already been developed such as 4IR Jobs, 4IR Cloud, DAOKYC, Blockaform. Other Applications are currently being developed such as 4IR Blockchain Protocol, 4IR Wallet, 4IR Explorer. More information about the future BlockchainValley ecosystem features is provided in Section 2.1.11 of the Information Document.

In the context of the Offer, BlockhainValley plans to raise between €1 million to 200 million euros. However, intermediate thresholds will allow it to develop its activity progressively:

  • The minimum funds envisaged to be raised for the success of the Offer (the “Soft Cap“) has been set at €1 million.
  • If the funds raised do not allow the said Soft Cap to be reached, then investors will be reimbursed for the amount of their subscription under the conditions set out in Section 2.7.2 of the Information Document. In this context, BlockchainValley appointed an escrow agent for the funds raised in euros and in digital assets (the “Escrow Agent”) and who will be responsible to retain the funds until the Soft Cap has been reached. More information about the role played by the Escrow Agent is provided in Section 2.7.2 and 71.2 of the Information Document.
  • If the funds raised enable the Soft Cap to be reached, the funds raised will enable the Project to be officially launched by financing the technical development costs of the Digital Platform as well as those associated with the initial communication and marketing actions.
  • The first milestone has been set at € 50 million (the “First Milestone”). The funds raised will be used to finance the technical developments of the Digital Platform necessary for the onboarding of companies, organizations and public authorities so that they can offer their goods and services. They will also allow BlockchainValley to finance the acquisition of the first infrastructure in Stellenbosch, South Africa.
  • The official target has been set at €200 million (the “Hard Cap”). The sums raised will thus enable the development and improvement of the various Application (for example, the 4IR Wallet, 4IR Explorer, 4IR Job, 4IR Cloud, the DAOKYC tool and the 4IR Blockchain Protocol). Depending on the funds raised, the funds will also be used to finance the reinforcement of the project’s physical presence in Stellenbosh in South Africa via the acquisition of new infrastructure.

For each of these thresholds, detailed information concerning the use by BlockchainValley of the funds and digital assets raised is provided in Section 2.5, in Section 2.7.1 and in Section 5.1 of the Information Document.

The Information Document has been approved by the AMF under visa No ICO.23-028 (https://bdif.amf-france.org/fr/details/ICO_23-0028).

4IR Tokens ICO Term Sheet

Token name | 4IR Tokens

Legal qualification of 4IR Tokens under French law | 4IR Tokens are digital assets, and more particularly digital tokens within the meaning of Article L.54-10-1 of the French Monetary and Financial Code

Standard | ERC-20

Blockchain | Ethereum

ICO legal framework | The ICO has been approved by the AMF under the AMF Visa ICO.23-028

Soft Cap | € 1,000,000

Hard Cap | € 200,000,000

Date of issuance of the AMF Visa | 24 January 2023

Beginning of the subscription period | 6th February 2023

End of the subscription period | 23rd July 2023

Accepted currencies | Euros, BTC, ETH

4IR Tokens Purchase Price | € 0,64 per 4IR Tokens A degressive discount on the price of the 4IR Tokens of €0,64 will apply for
the first 14 sales periods (for more information, see Section 5.3 of the Information Document).

Delivery of the 4IR Tokens | 50% of the 4IR Tokens subscribed will be distributed to the subscribers after the end of the Offer. The remaining 50% will be locked in a smart contract during a 12-months after the end of the Offer. At the end of this 12-month period, these 4IR Tokens will be delivered to the subscribers following a staggered mechanism at a rate of 25% per month. On this basis, the Subscribers will have all tokens in their possession 16 months after the end of the Offer.

The Information Document is now available on the website of BlockchainValley at BlockchainValley.info.

Participating in the ICO entails risks. Potential investors in the ICO are invited to consult the Information Document before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the 4IR Tokens issued in the context of the ICO. In particular, investor’s attention is drawn to the risk factors in Section 4 of the Information Document describing:

  • The economic risks (such as risk of partial or complete loss of the investment, currency exchange risk, risk related to valuation of the tokens or liquidity risk),
  • Technological risks (such as risk of errors or security flaws, risk relating to the medium storing the subscriber’s private key, especially  loss or theft, risks related to the asset monitoring and safeguarding system, risks related to the distributed ledger technology or of the consensus mechanism), as well as
  • The risks related to the Project (such as risk of failure at launch or of technical and operational development of the project, substantial change in the project and in the rights attached to the tokens, risk related to the eCompanies activities and behaviors or regulatory risks).

Contacts:
Robert Haastrup-Timmi – robert@blockchaincompany.info Media
Relations: Bernadine Louis – dean@blockchaincompany.info

The approval has been granted in accordance with the provisions of Article 712-1 of the AMF General Regulation after verification by the AMF that the information document is complete and comprehensible. In addition, please note that the approval does not imply that the AMF has approved the appropriateness of the issuer’s project or authenticated the financial, accounting and technical information presented. Moreover, the AMF has not carried out any verification of the smart contracts linked to the offering and has not verified whether these smart contracts are adequate in relation to the content of the information document.