A big step towards AI legislation – The European Parliament Approves the AI Act.
The regulation, agreed in negotiations with member states in December 2023, was endorsed by MEPs with 523 votes in favour, 46 against and 49 abstentions. It aims to protect fundamental rights, democracy, the rule of law and environmental sustainability from high-risk AI, while boosting innovation and establishing Europe as a leader in the field. The regulation establishes obligations for AI based on its potential risks and level of impact. European Parliment
Sam Altman says GPT-4 "kind of sucks" as OpenAI preps to release a new model
ChatGPT-maker is set to launch GPT-5 with new and enhanced capabilities.Read the article onwindowscentral.com🤖 According to Sam Altman, there are better things to come for the GPT model very soon:
Interestingly, Altman indicated that GPT-4 “kind of sucks” when asked about the LLM’s capabilities. He added:
“I think it is an amazing thing, but relative to where we need to get to and where I believe we will get to, at the time of like GPT-3, people were like ‘oh this is amazing, this is like marvel of technology’ and it is, it was. But now we have GPT-4 and look at GPT-3 and you’re like that’s unimaginably horrible.” But as it now seems, the next version of the model that runs ChatGPT is currently under development and should ship in the middle of this year, potentially during the summer (via Business Insider). Kevin Okemwa
Windows Central
Altman promises that GPT-5 is “really good, like materially better” – we can’t wait to see more! 
JPMorgan Says Its AI Cash Flow Software Cut Human Work By Almost 90%
The company has roughly 2,500 clients using the AI-backed tool.Read the article onentrepreneur.com
How are the biggest consulting companies using AI? One of the examples is provided by J.P. Morgan:
JPMorgan launched a free Cash Flow Intelligence AI tool last year for its corporate customers, and now the bank says the tool has helped some of them cut human-oriented manual work by close to 90%, according to a Bloomberg report. About 2,500 unnamed clients use the AI tool, which makes it successful enough that JPMorgan may start charging for it one day, according to that same report. “Cashflow forecasting is very complex and you need a lot of judgment,” Tony Wimmer, the head of data and analytics at JPMorgan’s wholesale payments unit, told Bloomberg. Sherin Shibu
Entrepreneur
Facebook Is Filled With AI-Generated Garbage—and Older Adults Are Being Tricked
Experts say it won’t be long until we’re all vulnerable.Read the article onthedailybeast.comHave you noticed this quite odd trend on your Facebook timeline? The odd and very fake-looking AI-generated content started flooding social media, generating incredible engagement (we are talking about millions of likes) from GenX.
As AI-generated content proliferates online and clutters social media feeds, you may have noticed more images cropping up that invoke the uncanny valley effect—relatively normal scenes that also carry surreal details like excess fingers or gibberish words. Among these misleading posts, young users have spotted some obviously faux images (for example, skiing dogs and toddlers, baffling “hand-carved” ice sculptures and massive crocheted cats). But AI-made art isn’t evident to everyone: It seems that older users—generally those in Generation X and above—are falling for these visuals en masse on social media. It’s not just evidenced by TikTok videos and a cursory glance at your mom’s Facebook activity either—there’s data behind it. Molly Glick
The Daily Beast
