Unveiling the Latest in AI and Tech: From Fake Reviews to NFL Investments

OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Generative AI technology is being used to produce fake reviews for malicious apps, deceiving users and advertisers. DoubleVerify's research shows a significant increase in AI-generated fake reviews supporting thousands of apps. These reviews can be difficult to detect and lead to malware being downloaded onto users' devices. Advertisers are also at risk of fraudulent charges from fake listens on audio content apps. Despite efforts by the FTC to ban fake reviews, fraudsters are using AI to create convincing fake content at scale. Companies like DoubleVerify are working with app stores to flag problematic apps and educate users on detecting fake reviews. In other AI news, Duke Energy and Accenture are developing a cloud platform to monitor methane emissions, California lawmakers have approved an AI bill, Nvidia has reported record earnings, Uber is partnering with Wayve for mapless self-driving cars, and research has found racialized linguistic stereotypes in large language models. Overall, the rise of generative AI technology presents challenges in combating fake content and malicious apps online, with efforts being made by companies and policymakers to regulate the use of AI technology in deceptive practices.Nvidia's stock price dropped after reporting its Q2 results, with analysts attributing the decline to high expectations and concerns about a reported design flaw in their next-generation AI chips. Despite this, the company still expects growth and remains a solid investment. Regulatory developments in the AI sector, such as a new bill in California, could impact demand for Nvidia's products. Other tech news includes Telegram CEO Pavel Durov facing legal issues, Yelp suing Google, and Elon Musk's X facing suspension in Brazil. OpenAI is reportedly negotiating a new funding round at a valuation of over $100 billion. Overall, while Nvidia's stock price may have fallen, the company remains strong in the AI sector. Regulatory changes and legal issues in the tech industry could impact future developments.The NFL recently announced a policy change allowing private equity firms to invest in teams, with a maximum ownership limit of 10%. This move has sparked excitement among executives who see it as a great opportunity to access the lucrative sports market. However, some are skeptical of the deal, citing concerns about the illiquidity and low returns of sports team investments. The new policy also includes profit-sharing terms that could impact the attractiveness of the investment. Despite these concerns, there are potential ancillary revenue opportunities beyond team ownership, such as media and development rights, that could make the investment more appealing. This change in policy could potentially unlock billions of dollars in liquidity for team owners and attract more institutional investors to the NFL.The text discusses the evolution of conversations around AI, particularly in relation to chipmaker Nvidia, which has seen significant growth in recent years. While interest in AI remains strong, there is a shift in the perception of the speed of disruption and immediate impact on business. Leaders are now more aware of AI's limitations and are approaching projects with more caution, incorporating customer feedback and moving at a slower pace. Nvidia's CEO sees the momentum of generative AI accelerating, but the company is also facing employee issues and production challenges. The text also highlights other news, such as Berkshire Hathaway reaching a market cap of $1 trillion, CrowdStrike's resilience after reporting slightly lower earnings due to software issues, and Mineral Resources CEO banning coffee ru

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