200K Wall Street Jobs at Risk from AI

Welcome to BrainBuzz.

Today’s Recipes:

• Grok App Hits the US!

• 200K Wall Street Jobs at Risk from AI

• Meta Caught Using Pirated Content for AI?

• Google's AI Now Creates Podcasts for You!

• AI + Football: What’s Next?

• 5 Newly Launched AI Tools of the Day

• And More….

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Grok App Hits the US!🔗Link

Elon Musk's xAI has launched a standalone iOS app for its Grok AI chatbot in the United States.

The app, which is currently in beta, offers features such as real-time information retrieval, image generation, and the ability to answer questions.

Initially available only to X Premium subscribers, Grok is now free for all users.

The app aims to provide a more casual and humorous chatbot experience compared to others like ChatGPT. xAI is also working on a dedicated Grok.comwebsite.

200K Wall Street Jobs at Risk from AI’🔗Link

A recent report by Bloomberg Intelligence reveals that AI could lead to the elimination of up to 200,000 jobs in global banks over the next three to five years.

The survey, which included 93 major banks like Citigroup, JPMorgan, and Goldman Sachs, indicates that roles involving repetitive tasks, such as back office, middle office, and operations, are most at risk.

Executives expect to cut an average of 3% of their workforce, with some predicting cuts as high as 10%.

AI is already being used to automate tasks, significantly reducing the need for human intervention. Despite the job cuts, AI is expected to boost productivity and profits, potentially adding $170 billion to the banking sector by 2028

Meta Caught Using Pirated Content for AI?🔗Link

Newly unredacted court documents reveal that Meta used Library Genesis (LibGen), a notorious piracy database, to train its AI models.

The documents allege that Meta CEO Mark Zuckerberg approved the use of this pirated content despite internal concerns. The lawsuit, filed by a group of authors including Sarah Silverman, claims that Meta's actions constitute copyright infringement.

Meta argues that its use of the data falls under the "fair use" doctrine, but the case could set a significant precedent for how tech companies use copyrighted content in AI development

Google's AI Now Creates Podcasts for You!🔗Link

Google has launched a new AI feature called "Daily Listen" through its Search Labs.

This feature transforms users' Discover feeds into five-minute personalized podcasts, providing audio summaries of news and topics based on their search history and interests.

Available on both Android and iOS in the US, Daily Listen offers real-time transcripts, related stories, and playback controls. Users can access this feature by enrolling in Search Labs and enabling it in the Google app.

AI + Football: What’s Next?🔗Link

Artificial intelligence (AI) is poised to transform football in numerous ways, from tactical analysis to injury prevention.

AI can simulate millions of matches, providing insights into optimal strategies and player performance. Clubs like Liverpool and Barcelona are already leveraging AI for tactical improvements and injury prevention.

AI's ability to analyze vast amounts of data can help in scouting, recruitment, and even predicting player injuries. However, the integration of AI in football also raises ethical concerns and could potentially impact jobs within the sport.

5 NEWLY LAUNCHED AI TOOLS

1. Humiris - Mixture of AI Custom reasoning model for accurate AI agents

2. TinyStorage A Modern GUI For S3

3. Leetle LeetCode meets Wordle

4. Watch Duty Get real-time alerts of wildfires and firefighting efforts

5. Aneta AI agents to supercharge HR & workplace engagement

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