AI Insights Newsletter – 20th May 2024

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Welcome back to another week in the world of AI, and what a week it was. One question you might be asking is, are we at AGI now? Some people think so and given all the news of the week from OpenAI and Google, you could be forgiven for thinking the same

Biggest news of the week was from OpenAI, a flirty, feature filled journey with their new updates. More info on that here

So many of the videos online covered the updates and here’s one that we saw.

More as well from another AI YouTuber with Wes Roth coverage.

The official OpenAI blog has more details too – see more here.

Not to be outdone, Google had plenty to show at Google IO event and we again go to Wes Roth for the breakdwon.

Not everyone was happy with the updates though and even called it disappointing – see here.

It wasn’t all sunshine and rainbows for OpenAI this week though. Later in the week Ilya Sutskever and Jan Leike from the alignment team focusing on AI safety at OpenAI abruptly quit. Bindu Reddy on Twitter has this take on it here

Back home, the Federal budget was announced on Tuesday with safe and responsible AI getting $40m in funding. More coverage here from Raymond Sun – link

We also used SIKE to dive into it showing how you can run your own queries or get team of AI agents to do so and also how you can use the Dreams area for some ideation (in this case what would an economist think).

Speaking of our videos, we also had some AI coverage in the 2nd half of our podcast, The NC Show. In this episode it was all about AI as the ultimate translator.

Great to see the National AI Centre doing more with the younger generation and their Day of AI event coming up soon. More info here.

And speaking of education and AI, MIT covers this in this 3hr love stream.

Interesting video comparing the internet boom to the AI boom and who better to ask than folks who were there for both. The analogy doesn’t quite work though. They see it being more like the early days of computers as opposed to the network that was the internet.

What a week. We’ll leave you with this summary from TechCrunch which brings it together pretty well (link).

Get in touch

Stay tuned for more insights from us next week and if you’re interested in SIKE (our privacy focused AI tool), then you can check out more on what it’s about here.

If you’re interested in learning more, reach out to Arturo Rodriguez or 📈 Mark Monfort here and get in touch with us here or on email at we@notcentralised.com.

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Mark
Monfort

Mark drives innovation with his deep understanding of AI, blockchain, and data technologies. His experience spans over 15 years of contributions to finance, technology, and operational strategy across Australia, Europe, and North America.

In 2021, he transitioned from Head of Data and Technology at a leading Australian accounting firm to startups. Prior to this, he worked in equity and macroeconomic research in the capital markets space.

Mark brings a passion for data and insights to NotCentralised. His understanding of AI and blockchain technology is central to the development of workplace productivity and financial system modernisation products, including SIKE and Layer-C. Mark’s dynamic and solutions-focused methods enable the navigation of complex technological landscapes and new market potentials.

Mark holds an Executive Master’s and a Bachelor of Commerce. He led the creation of the Australian DeFi Association and serves on the advisory board for the Data Science and AI Association of Australia. His commitment to such communities demonstrates his enthusiasm for emerging technologies and vision of positive change through technology adoption.

Nick
Bishop

Nick spearheads product strategy and institutional business development, leveraging a rich background spanning 23 years in capital markets and financial services across the UK, the US, and APAC.

In 2020, Nick transitioned into startups, bringing extensive experience in asset management and corporate advisory from roles including Director, Head of Australian Fixed Income at Abrdn and Managing Director, Head of Corporate Credit at Gresham Partners. His expertise extends to client management across the government and private sectors.

With a First Class degree in Law and Criminology and Chartered Financial Analyst experience since 2002, Nick is known for his energetic and creative approach, quickly appraising business models and identifying market opportunities.

Beyond his role at NotCentralised, Nick actively contributes to multiple startups and SMEs, holding various Board and advisory positions and applying his institutional expertise to early-stage ventures. Nick is fascinated by emerging technologies with significant societal impact and loves to immerse himself in nature.

Arturo
Rodriguez

Arturo leads product development and software engineering, applying over two decades of experience in technology, capital markets, and data science. With his years of programming expertise, Arturo smoothly transitioned into blockchain, AI, and machine learning.

Arturo has built and sold technology startups across Europe, following quant derivatives roles in global investment banks. His prior experience includes data projects for the NHS in the UK, Strategic Technology Advisor at Land Insight, and Senior Advisor to OpenInsight, where he built predictive models for vessel usage in commodity markets.

A mathematics and statistics graduate from Stockholm University, Arturo’s early grounding in logic problems and data manipulation techniques is evident in his practical applications. His work building equity derivative pricing models for Merrill Lynch and Royal Bank of Scotland showcased Arturo’s highly specialised skillset.

Arturo relocated from London to Australia in 2020. Beyond NotCentralised, his passion for technology and industry involvement extends to the Australian DeFi Association, which he co-founded, and regular contributions to the Data Science and AI Association.