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The Innovator is taking its annual hiatus in August. Our next edition will be published on September 6. Wishing our readers wonderful summer holidays.

Jennifer L. Schenker
Innovator Founder and Editor-in-Chief

 -   N E W S   I N   C O N T E X T  -

Data scraped from public websites and compiled in large data sets is what allows generative A.I. tools like OpenAI’s ChatGPT to write, code and generate images and videos. The more high-quality data is fed into these models, the better their outputs generally are. But over the past year, many of the most important Web sources used for training AI models have restricted the use of their data, according to a study published in July by the Data Provenance Initiative, an Massachusetts Institute of Technology.(MIT)-led research group.

The study, which looked at 14,000 web domains that are included in three commonly used A.I. training data sets, identified what it says is an “emerging crisis in consent,” as publishers and online platforms take steps to prevent their data from being harvested.  

The trend raises questions of what will happen once available sources are exhausted. “If respected or enforced, these restrictions are rapidly biasing the diversity, freshness, and scaling laws for general-purpose AI systems,” say the study’s authors. They warn that the rising number of restrictions “is foreclosing much of the open Web, not only for commercial AI, but non-commercial AI and academic purposes.”

Plan B appears to have problems of its own. As they reach the limits of human-made material that can improve the cutting-edge technology, AI companies, including OpenAI and Microsoft, are testing the use of so-called “synthetic” data — information created by AI systems to train large language models (LLMs). Research published in Nature magazine on July 24 suggests the use of such data could lead to the rapid degradation of AI models. The paper explores the tendency of AI models to collapse over time because of the inevitable accumulation and amplification of mistakes from successive generations of training. The speed of the deterioration is related to the severity of shortcomings in the design of the model, the learning process and the quality of data used.

Read on to learn more about this story and other important technology news impacting business.

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In her latest exclusive column for The Innovator Kay Firth-Butterfield, the former head of AI at The World Economic Forum. taps into the expertise of deepfake and synthetic media expert Henry Ajder, to discuss the impact of deepfakes.

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 -   I N T E R V I E W  O F  T H E  W E E K  -


Zina Jarrahi Cinker,
Exponential Technologies Strategist

Who: Dr. Zina Jarrahi Cinker is a globally renowned exponential technology and deep science strategist, condensed matter physicist and MATTERVerse thought leader. She serves as the Director General of MATTER, an international think tank of 30 country chapters, Chief Creator of PUZZLE X Barcelona, an international event focused on frontier tech and Chief Creator of XPANSE  a strategic ecosystem-building initiative and global forum she is creating in partnership with ADQ, the Sovereign Fund of Abu Dhabi.

Topic: What business leaders need to know about exponential technologies.

Quote: "If you were caught off guard by AI, heed my words…you have no idea what else is coming. This is just the beginning. As our leaders, you are the ones who need to have first-hand access to the knowledge of exponential tech. So don’t just keep your eye on the horizon of your own field."
 
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 -  S T A R T U P  O F  T H E  W E E K  -

Phlair (formerly known as Carbon Atlantis) is developing an electro-chemical process for direct air capture (DAC) – a technology that extracts Co2 directly from the atmosphere, for carbon dioxide storage or utilization-  with what it says is one of the lowest capture costs in the field.

The Munich-based startup is the first European DAC company to be a supplier to Frontier, a group formed by McKinsey, Alphabet, Meta, Shopify and Stripe, which has made an over $1 billion advance market commitment to purchase permanent carbon removal before 2030.

It is currently building two DAC plants:

*Electra 01 in Rotterdam with Swedish mineralization partner Paebbl to produce C02-negative building materials, while sequestering co2 from ambient air permantly

*Electra 02 in Canada with Deep Sky, a Montreal-based gigaton-scale carbon removal project developer.

“One of the most pressing problems the world has right now is getting to Net Zero,“ says CEO Malte Feucht, who co-founded the company with two other graduates of the Technical University of Munich: Paul Teufel, and Steffen Garbe.We offer an important puzzle piece with verifiable and permanent carbon removal.”

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 -  N U M B E R  O F  T H E  W E E K 

$15 Billion
Estimated financial losses from from the recent CrowdStrike outage, as companies struggle to get their computers up to speed, according to insurer Parametrix.

CrowdStrike's faulty update to its security software crashed computers powered by Microsoft's Windows operating system, disrupting Internet services across the globe and affecting a broad swathe of industries including airlines, banking and healthcare.

Insured losses from the outage will likely total $540 million to $1.08 billion for U.S. Fortune 500 companies, which face an estimated $5.4 billion in losses, Parametrix said. Global insured losses could total around $1.5 billion to $3 billion.

The outage was likely to be "the biggest accumulation event we ever saw in cyber insurance", Parametrix CEO Jonatan Hatzor told Reuters."This event travelled very fast and was very global."
 

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Can AI Help Your Company Innovate? It Depends.
Harvard Business Review

Make A Stronger Business Case For Sustainability
MIT Sloan Management Review

Consent In Crisis: The Rapid Decline Of The AI Data Commons
Dataprovence.org
 




Cybertech Europe 2024, Rome, Italy, October 8-9

XPanse
2024, Abu Dhabi, November 20-22



 
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