OpenAI’s ChatGPT made a significant impact in November of the prior year, rapidly gaining immense popularity and becoming one of the fastest-growing digital entities ever. With a user base exceeding 100 million, it seemed unstoppable. However, recent data indicates that ChatGPT’s remarkable ascent may have been brief, as website visits have been consistently declining for the past three months. Nevertheless, there has been a slight uptick of 0.4 percent in website visits specifically from the United States. What does the data say? ChatGPT’s popularity began to wane in March as…

According to Kerala Transport Minister Antony Raju, the implementation of Artificial Intelligence (AI) cameras has resulted in a decrease in traffic violations in the southern state. Inaugurating a leadership camp for National Service Scheme (NSS) volunteers, he said the state reported about 4.5 lakh traffic violations every month, which reduced to 2.5 lakh after installation of AI cameras. According to the minister, Kerala was able to prove that AI cameras were actually beneficial to the society as it was able to save many lives. “Before the installation of AI cameras,…

Measuring the cost of developing an artificial intelligence product such as ChatGPT can pose challenges. But Microsoft-backed OpenAI needed plenty of water for its technology, drawn from the Raccoon and Des Moines rivers’ watershed in central Iowa, to cool the powerful supercomputer as it helped its AI systems mimic human typing. As they race to capitalize on the generative AI craze, leading technology developers such as Microsoft, OpenAI and Google have acknowledged that the growing demand for their AI tools is creating huge costs, from expensive semiconductors to increased water…

Let’s take a look at today’s roundup of news: Amazon has introduced new rules requiring disclosure for e-books that contain AI-generated content. eBay has also unveiled a tool powered by artificial intelligence, making product listings easier for sellers. The European Federation of Journalists and ACT have joined Reporters Without Borders’ AI charter project, focusing on the media industry. Additionally, Google will now require disclosure of AI-generated content in political advertisements. 1. Amazon implements AI-generated content disclosure rules for e-books Amazon.com has begun requiring authors using its e-book program to disclose…

In the future, affluent clients seeking investment advice from a Morgan Stanley financial adviser might encounter a unique experience where a chatbot attentively listens to their conversation. After testing it with 1,000 financial advisors for a few months, this month the bank is rolling out a generative AI bot developed with the creators of ChatGPT, OpenAI. Instead of sifting through hundreds of thousands of documents, bankers can use a virtual assistant to quickly find research or forms. The bank is also developing technology that, with the customers’ permission, could eventually…

Morgan Stanley has revealed its plans to create an AI chatbot for its affluent customers, while Google Cloud has partnered with CERT-In to organize cybersecurity AI hackathons for government officials. Additionally, UIDAI showcased AI-driven AADHAR innovations at the Global Fintech Festival 2023 in Mumbai. All this and more in today’s AI review. 1. Morgan Stanley launches AI chatbot The American financial services company Morgan Stanley announced that it is developing a generative artificial intelligence chatbot in cooperation with OpenAI, the creator of ChatGPT. According to a Reuters report, the AI…