Happy Halloween!

We’re keeping it light today after a few busy weeks in AI. Today’s Halloween-themed AI art gallery features fun images to share with your kids or students. 

Reply to this email if you’d like to see more AI-generated seasonal art throughout the rest of the year. Let’s dive in. 

In today’s Daily Update:

• 🗞️ Google Brain co-founder says Big Tech is lying about AI risks

• 🖼️ AI Halloween Art Gallery

• 📸 Goldman Sachs projects AI will lift U.S. GDP over next decade

• 🚨 AI Roundup: Three quick hits

Read time: 2 minutes

LATEST NEWS

🗞️ Google Brain co-founder says Big Tech is lying about AI risks

Google Brain co-founder Andrew Ng says Big Tech companies are lying about AI’s risk to humanity to wipe out competition. 

What you need to know:

• Ng says large tech companies are creating fear of AI leading to human extinction to lobby for legislation that would be damaging to the open-source community. 

• As a leading AI expert and adjunct professor at Stanford University, Ng co-founded the Google Brain deep-learning AI research team that merged with DeepMind earlier this year. 

• Ng told The Australian Financial Review that Big Tech hopes to trigger strict regulation with the idea that AI could make humans go extinct. 

The relevance: Last week’s news underscored the urgent need to implement improved guardrails into generative AI models. Regulation may be the only incentive for some tech providers to do this, but shutting down open-source startups could be an unintended consequence of the push for AI legislation. 

AI ART OF THE DAY

🖼️ Adobe Firefly Halloween Art

AI INSIGHT

📸 Goldman Sachs projects AI will lift U.S. GDP over next decade

Goldman Sachs Group Inc. raised its long-term growth estimates for the U.S. as it predicts generative AI will boost productivity over the next decade. 

Key points:

• Goldman sees the U.S. as the global market leader for AI adoption.

• It projects AI will add a 0.1% bump to GDP gains in 2027, growing to a 0.4% boost in 2034. 

• The impact of AI raises Goldman’s total U.S. GDP projections to a 2% expansion rate in 2027 and to 2.3% by 2034. 

Why it matters: Goldman Sachs’ projections are consistent with other studies on the economic impact of generative AI. Artificial intelligence is here to stay, and innovation in the space will fuel economic growth. 

MORE TRENDING NEWS

🚨 AI Roundup: Three quick hits

• Regulation Talks: Elon Musk will attend the U.K.’s AI summit this week. Musk joins a growing number of world leaders who will gather to discuss risks and mitigations for cutting-edge AI technology. 

• Robo Influencers: Quora’s Poe introduces an AI chatbot creator economy.

• PR Crisis: The Guardian has accused Microsoft of damaging its journalistic reputation by publishing an AI-generated poll next to one of its articles. 

THAT’S ALL FOR TODAY

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Jack

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