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AI Boom Could Lead to Higher Electricity Bills

AI Boom Demands Grid Upgrade: Can We Avoid Blackouts and Price Hikes?

Hello! 👋👋

Here are 5 things you missed today in the world of AI. Because we get it, life is busy & who has the time to sit around and keep up with the fastest moving industry right now - here are 5 things we think you need to know in the world of AI.

1 -⚡️ AI Boom Could Lead to Higher Electricity Bills

US energy demand is predicted to surge due to factors like AI and electric vehicles. This will strain the existing grid, causing potential blackouts and price hikes. Upgrading the grid infrastructure requires streamlining permitting processes and building new generation capacity, similar to large-scale New Deal projects.

2 - 🍏 Apple Gains Seat on OpenAI Board, Raising Concerns for Microsoft

Apple is making a strategic move in AI, quietly securing a seat on OpenAI's board and potentially partnering with ChatGPT. This comes despite Microsoft's prior investment in OpenAI. The observer role allows Apple to learn from OpenAI's decisions and potentially integrate AI like ChatGPT into its devices. While this is positive for Apple's AI ambitions, it raises concerns about big tech's growing influence on AI development, especially with limited oversight.

3 - 📈 Samsung Stock Soars on Strong AI Demand

Samsung's stock soared after they announced a projected 1,450% increase in second quarter operating profit compared to last year. This jump is attributed to strong demand for their memory chips and hard drives, fueled by the growth of artificial intelligence. The company expects to report official earnings on July 31st.

4 -🙅🏻 Job Scams Skyrocket with AI Help - Here's How to Fight Back

Job scams are on the rise, with criminals using AI to create fake job listings and steal personal information from unsuspecting applicants. These scams can cost victims thousands of dollars. Never give out financial information or a Social Security number during the application process, and be wary of job offers that seem too good to be true.

5 -📱WhatsApp Developing Personalized AI Avatars

WhatsApp is testing a new "Imagine AI" feature that lets users create personalized avatars. You take selfies, then use text prompts like "Imagine me in space" to create images of yourself in any setting. This feature is currently optional and in development, so it might be a while before you can use it in your chats.

Written by AI Bulletin team - Australia
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