Several developments highlight AI's growing influence across various sectors. In the film industry, the late director Aanand L Rai is upset that Eros Media Group rereleased his 2013 film Raanjhanaa with an AI-altered happy ending, now titled Ambikapathy, sparking ethical debates in Bollywood about creative control. Meanwhile, Amazon is expanding its AI hardware portfolio by acquiring Bee AI, known for its AI-powered wearable wristband that records, transcribes, and summarizes conversations. In a different vein, Matthew Lawrence, of Mrs. Doubtfire fame, suggested using AI to recreate Robin Williams' voice for use as an AI assistant, similar to Apple's Siri. Beyond entertainment and tech, AI is also making strides in drug discovery, with Israeli startups at AION Labs leveraging AI to accelerate the development of new drugs, backed by pharmaceutical giants like Pfizer and AstraZeneca. However, the increasing use of AI also brings compliance risks, particularly for family offices that may lack the oversight to navigate new AI regulations in states like Colorado and Texas. On a state level, Utah is ranked as the third-most prepared state for the AI revolution, based on jobs, education, and government funding related to AI. A Lightcast study indicates that while AI may be causing tech layoffs, it's also boosting salaries by $18,000 in non-tech jobs requiring AI skills. JPMorganChase is prioritizing AI innovation, with over half its employees using its internal AI platform, LLM Suite, daily. Finally, open-source AI models pose hidden security risks, as malicious code can be embedded within them, requiring organizations to carefully track data sources and test for hidden triggers.
Key Takeaways
- Eros Media Group rereleased the film Raanjhanaa as Ambikapathy with an AI-created happy ending without the director's consent, sparking ethical concerns.
- Amazon is acquiring Bee AI, a company that makes a wearable wristband with AI for recording and summarizing conversations.
- Matthew Lawrence suggests using AI to recreate Robin Williams' voice for use as an AI assistant, similar to Apple's Siri.
- AION Labs in Israel is using AI to accelerate drug discovery, with support from companies like Pfizer and AstraZeneca.
- Family offices face growing AI compliance risks due to new regulations in states like Colorado and Texas.
- Utah is ranked the third-most prepared state for the AI revolution, based on jobs, education, and government funding.
- Non-tech jobs requiring AI skills pay about $18,000 more per year, according to a Lightcast study.
- Job postings for generative AI skills outside of tech have increased by 800% since 2022.
- Open-source AI models pose hidden security risks due to potentially embedded malicious code.
- JPMorganChase is prioritizing AI innovation, with over half its employees using its internal AI platform, LLM Suite, daily.
AI alters Indian film Raanjhanaa director objects to new ending
An Indian film company will rerelease the 2013 movie Raanjhanaa with an AI-created happy ending. The director, Aanand L Rai, is upset because he wasn't involved and feels it disrespects the film's original story. Eros Media Group, the company rereleasing the film as Ambikapathy on August 1, says it's exploring AI's potential. Rai is consulting with the Indian Film and Television Directors’ Association and considering legal action. The film's stars include Dhanush and Sonam Kapoor.
Varun Grover criticizes AI change to Raanjhanaa's ending
Aanand L Rai's film Raanjhanaa is being rereleased in Tamil Nadu as Ambikapathy with an AI-powered happy ending. This change has caused controversy, with director Aanand L Rai expressing disappointment. Writer Varun Grover humorously criticized the decision, highlighting concerns about using AI to alter films without the creators' consent. The new ending replaces the original tragic climax, where Dhanush's character dies. The debate raises questions about creativity, control, and ethics in the age of AI.
Raanjhanaa AI re-edit raises ethical concerns in Bollywood
Aanand L Rai's 2013 film Raanjhanaa is being rereleased with an AI-altered ending without his consent, sparking ethical debate in Bollywood. The studio, Eros International, created a happy ending for the Tamil version, Ambikapathy, using AI. Entertainment lawyer Priyanka Khimani notes that while studios often own film rights, using AI to change a creator's vision raises legal and ethical issues. Rai is taking the matter to producer bodies, emphasizing the need to respect the soul of creative work.
Amazon buys Bee AI wearable device for real-world AI
Amazon is acquiring Bee AI, a company that makes a wearable wristband with microphones and AI. The Bee AI wearable records conversations, transcribes them, and provides summaries and insights. It's designed to be an AI companion that passively listens throughout the day. Amazon's purchase shows growing interest in AI-first hardware, similar to Meta's smartglasses. The Bee wearable's battery lasts seven days, and the company claims user data is private.
Mrs Doubtfire star wants Robin Williams' voice for AI
Matthew Lawrence, who acted in Mrs. Doubtfire, suggests using AI to bring Robin Williams' voice back. He envisions Williams' voice as an AI assistant for directions or answering questions like Apple's Siri. Lawrence believes this would honor Williams' iconic voice with the approval of his family. Robin Williams passed away in 2014.
Israeli startups use AI to speed up drug discovery
AION Labs in Israel is using AI to change how new drugs are discovered and developed. This venture brings together big pharmaceutical companies like Pfizer, AstraZeneca, Teva, and Merck with scientists and investors. AION Labs aims to create startups that use AI to find and develop new drugs faster. The company believes Israel is well-suited to lead in this area because of its strengths in science, technology, and healthcare.
Family offices face growing AI compliance risks
Family offices are using AI in areas like hiring and investments, but new AI laws create compliance risks. States like Colorado and Texas are starting to regulate AI use, not just development. Family offices, unlike banks, often lack formal oversight and may unknowingly violate these laws. Using AI without proper review can lead to legal issues, such as biased hiring or misinformed investments. To address this, some family offices are assigning someone to oversee AI use and ensure it aligns with legal and ethical standards.
Utah ranked third-most prepared state for AI revolution
A new study from Brainly says that Utah is the third-most prepared state for the AI revolution. The ranking is based on jobs, education, and government funding related to AI.
Israeli businesses using AI double EU average study says
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AI boosts salaries $18000 outside tech study says
AI is causing layoffs in the tech industry but increasing salaries in other fields. A Lightcast study shows that non-tech jobs requiring AI skills pay about $18,000 more per year. Since 2022, job postings for generative AI skills outside of tech have increased by 800%. The most valuable AI-related jobs require both technical skills and human skills like communication and problem-solving.
Open-source AI models pose hidden security risks
Open-source AI models are becoming common, but they have hidden security risks. Malicious code can be secretly embedded in these models, making it hard to detect with regular security tools. These backdoors can cause data leaks or other harmful actions when triggered by specific inputs. To stay safe, organizations should track data sources, test for hidden triggers, and manage dependencies carefully. The Model Artifact Trust Standard (MATS) is proposed to improve security through signing and auditing.
JPMorganChase makes AI innovation a priority
JPMorganChase is focused on using AI to improve its business and help customers. The company's AI strategy is led by , who is part of the firm's Operating Committee. JPMorgan believes AI is a tool that should deliver business value. The company has created an internal AI platform called LLM Suite, which over half of its employees use daily.
Sources
- Indian film company to rerelease romantic drama with AI ‘happy ending’
- After Aanand L Rai, Varun Grover Slams AI-Powered Ending In Raanjhanaa's Re-Released Tamil Version
- The Raanjhanaa AI re-edit tangle: Are we in an ‘ethical abyss’?
- Can Amazon finally make AI wearables happen? This buzzy new device could be its best bet
- ‘Mrs. Doubtfire’ Star’s Creepy AI Wish for Robin Williams
- Israeli Startups Using AI To Accelerate Drug Discovery
- AI Compliance Is a Growing Risk for Family Offices
- New study says Utah is 3rd-most-prepared state for AI revolution
- Rate of Israeli businesses using AI double EU average, IDI study finds
- AI is driving mass layoffs in tech, but it's boosting salaries by $18,000 a year everywhere else, study says
- Exploiting Trust in Open-Source AI: The Hidden Supply Chain Risk No One Is Watching
- At JPMorganChase, AI Innovation Is An Operating Committee Mandate
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