AI Weapons, Worldcoin And Adobe's Job Concerns: A Week In Review

This week in the artificial intelligence sector, we saw a range of developments, from concerns about AI weapons to the launch of a new cryptocurrency at the intersection of AI and finance. Here’s a look at the top stories:

AI Weapons Warning: Palantir Technologies Inc PLTR CEO Alexander Karp warned that AI could become our generation’s atomic bomb, potentially causing harm before we fully understand its implications. Karp called for a regulatory framework to ensure the technology is developed positively and responsibly. Read the full article here.

NVIDIA’s AI Revenues: Analyst Vijay Rakesh of Mizuho predicts that NVIDIA Corporation NVDA could generate up to $300 billion in AI revenues by 2027, a tenfold increase from this year’s expected earnings. This projection is driven by NVIDIA’s strong position in the AI market. Read the full article here.

Worldcoin Launch: OpenAI CEO Sam Altman launched Worldcoin, a bold experiment in the intersection of AI, identity, and finance. The project aims to create a globally-inclusive identity and financial network, potentially paving the way for AI-funded universal basic income. Read the full article here.

ChatGPT’s Stock Picking: OpenAI’s ChatGPT continues to hold its own in a six-month experiment comparing its performance to leading U.S. equity funds. The AI-curated portfolio has seen solid performance, particularly from Tesla Inc TSLA, which is up 56.2% since the hypothetical investment was initiated. Read the full article here.

Adobe’s AI Concerns: Staff at Adobe Inc ADBE are worried that their AI technology could put their customers’ jobs at risk and potentially undermine Adobe’s business model. The company’s AI tools suite, Firefly, has raised concerns among employees about the impact on graphic designers, a significant portion of Adobe’s customer base. Read the full article here.

For more in-depth coverage of these stories and more, you can read more on Benzinga's AI coverage by following this link.

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