AI News-3 April 2024

Unveiling Today's Latest Advancements Across Various Industries & Countries in AI

News #1: UK and US Collaborate on AI Safety Testing:

The United Kingdom and the United States have signed a pact to jointly develop and implement AI safety testing protocols. This signifies a growing international effort to ensure the responsible development and deployment of AI.

News #2: Large Language Models and the Finance Sector:

Experts predict that large language models (LLMs) could revolutionize the finance sector within the next two years. LLMs hold the potential to automate various tasks, improve investment analysis, and personalize financial services.

News #3: Potential Job Losses Due to AI Automation:

A report by the IPPR (Institute for Public Policy Research) in the UK warns that as many as 8 million jobs could be at risk of automation by AI in the coming years. The report emphasizes the need for proactive measures to address potential job displacement and reskill the workforce.

News #4: Databricks Announces Breakthrough Open-source LLM:

Databricks, a data and AI company, has introduced DBRX, a novel open-source large language model. DBRX boasts significant improvements over previous models, paving the way for wider accessibility and advancements in the LLM field.