Could AI Collapse?

Plus: X (twitter) Is Using Your Data to Train Grok

Author

Sam Siam
July 30, 2024

In partnership with

AI

Read time: 5 minutes

A new research paper published in Nature warns of a phenomenon called "model collapse," where AI models start training on already AI generated content on the web. This process could result in outputs that progressively lose touch with reality. This risk increases as more AI-generated content floods the web, causing the models to lose track of original data. Companies using synthetic AI-generated data for training purposes are even at a greater risk.

Shutterstock has launched a generative 3D service in commercial beta, allowing creators to quickly prototype 3D assets and generate 360 HDRi backgrounds using text or image prompts. Getty Images has also upgraded its AI-powered image generation service, now twice as fast and offering better output quality and advanced controls, all powered by Nvidia’s Edify AI technology.

X (Twitter) has recently introduced a new setting that permits the platform to utilize user-generated posts for training its proprietary AI chatbot, Grok. This development has ignited a wave of concerns regarding data privacy among its user base. Specifically, the platform's move to harvest and analyze personal posts to enhance the capabilities of its AI system has raised ethical questions about the extent of data usage without explicit user consent.

Users who prefer not to have their content used for this purpose do have an option to opt out. To do so, you need to access the desktop version of the site and click on "More," then "Settings and Privacy," followed by "Privacy and Safety," then "Grok," and finally "Data sharing and personalization." Here, you can uncheck the box to exclude your posts from being used in Grok's training algorithms.

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WEB3

Bitcoin's price fell to around $66,300 after the US government transferred $2 billion worth of seized Bitcoin to unidentified wallets, prompting investor concerns over a potential sell-off. Arkham Intelligence reported that the US transferred 29,800 BTC to an unidentified address, which then moved the Bitcoin to two other addresses.

This transfer comes just two days after former President Trump announced plans to establish a national Bitcoin stockpile, heightening market sensitivity and prompting mixed reactions from the crypto community.

Solana has surged 35% this month, outperforming all other top 20 cryptocurrencies, driven by strong institutional interest and retail buzz, particularly around memecoins. However, experts are divided on its future, with some doubting the approval of a Solana ETF under current regulatory conditions, while others are more optimistic about its long-term potential if it continues to attract users and successfully implements technical upgrades.

Former president Trump and independent candidate RFK Jr. discussed pro-Bitcoin policies, including strategic BTC reserves for the US Treasury. Trump pledged to fire the SEC Chair and halt the selling of government-held BTC, while RFK Jr. proposed executive orders to accumulate up to 4 million BTC, though this plan faces feasibility issues. The conference underscored Bitcoin's growing role in public policy, with significant discussion around government-held Bitcoin and its implications for the cryptocurrency's future.

MARKETING

Google has introduced a feature that integrates Google Merchant Center with Google Ads, allowing advertisers to enhance and directly use their product images in ad campaigns via an AI image editor. This streamlines the creation of high-quality visual assets and saves them in the Asset Library for future use. The feature is expected to simplify the ad creation process and improve ad quality for e-commerce businesses.

Reddit has launched Lead Generation Ads, now in public beta, allowing advertisers globally to collect high-quality leads from Reddit's engaged audience. This new ad format integrates with Zapier, enabling seamless lead management and improving campaign performance by lowering costs and increasing submission rates. The platform's unique, information-seeking user base makes it ideal for targeted lead generation, offering a secure, mobile-optimized, and privacy-focused approach.

Pinterest is seeking assistance from news outlets and publishers to sell ads via a new ad auction system, sharing ad revenue with them. The platform aims to leverage publishers' relationships with advertisers while offering publishers opportunities for larger deals. Concurrently, other social media platforms like TikTok and LinkedIn are also exploring innovative ad sales and revenue models, including in-person retail pop-ups to enhance consumer engagement and drive sales.

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