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💾Tech Companies Switch from Crypto to AI

💾Tech Companies Switch from Crypto to AI

Today, we'll be looking at: Tech Companies Switch from Crypto to AI AI in Law? AI news reporters?

Charlie Gray
January 29, 2024

Bzzz 🐝,

Welcome back to another edition of the OneHive Newsletter!

Today, we'll be looking at:

Tech Companies Switch from Crypto to AI
AI in Law?
AI news reporters?

Read Time: 6 min 17 sec

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💾 Data Gold Rush

Tech Companies Transition from Crypto Mining to Generative AI

Since the surge of generative AI in 2023, a substantial demand for computing power has arisen.

Tools like OpenAI's ChatGPT require thousands of GPUs, leading to an unprecedented demand for these processing units.

Nvidia, a key GPU provider, compared GPUs to rare earth metals for AI, emphasizing their foundational role.

However, the energy required to power these GPUs is immense, equivalent to that of a small country.

Companies like Hive Blockchain, originally focused on cryptocurrency mining, are now pivoting to AI.

Nvidia, estimating over 40,000 companies using its GPUs for AI, is tripling production to meet the growing demand.

The global GPU market is projected to reach $25.53 billion by 2030, as per Fortune Business Insights.

This transition reflects a shift from the crypto boom to the emerging data gold rush driven by generative AI.

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🚨 Navigating AI in Law Enforcement

AI's integration into law enforcement is reshaping crime prevention and emergency response.

Trials, like the one by Humberside Police, showcased Untrite AI's system aiding call handlers in assessing urgency, potentially saving significant time.

Facial recognition technology, despite improvements, faces criticism for biases, leading to bans in US cities.

Ethical considerations and transparency are crucial as law enforcement increasingly adopts AI.

Predictive policing, exemplified by a University of Chicago algorithm, claims to foresee crimes with 90% accuracy.

However, concerns arise due to potential biases in historical data, emphasizing the need for ethical AI practices in law enforcement.

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🤿Deep Dive: AI-Powered News Anchors

Redefining the Parasocial Connection?

In an era of AI innovation, start-up Channel 1 is breaking new ground by creating news anchors entirely generated by artificial intelligence (AI).

The Los Angeles-based company plans to launch AI-generated news on a streaming TV channel later this year, aiming to enhance the user experience and tailor content using AI.

While similar AI news presenters have emerged globally, a crucial question looms:

Will viewers trust news delivered by AI instead of humans?

The declining trust in human news presenters, as indicated by a survey from Ipsos, coupled with the rise of individual creators and influencers as news sources, suggests a shift in news consumption patterns.

Channel 1's AI-generated anchors present an intriguing but uncertain prospect.

Can AI replicate the parasocial connection viewers establish with human anchors?

The challenge lies in balancing technological innovation with the enduring human touch that defines new relationships.

Channel 1's meticulous process involving human oversight for script checking and story selection reflects the ongoing need for human involvement in news production, at least for now.

While AI may redefine news delivery, the human touch remains a vital aspect of the journalistic experience.

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