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Do we need a regulatory framework on Generative AI?

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Platforms like ChatGPT have taken the world by storm but analysts are painting another picture about its impacts

Millions of people have used OpenAI’s ChatGPT since it launched in November 2022.

The web-based platform works by answering prompts in a concise manner. It has become the latest tool to cause technological disruption across nearly every industry.

Dr Jim Webber, who is the Chief Scientist at leading graph database and analytics company, Neo4j, said the tool should be banned in Australian schools and universities.

“To be clear, I don’t think regulation will ever win this battle. It’s always on the back foot.

“Instead of focussing on the technology, we should create a policy environment that helps inform the use of that technology rather than constraining it,” he said.

ChatGPT has been used in graph technology, from providing more intuitive context to elevating the overall user experience and coding processes.

It has also been used in the classroom, where students and teachers alike are using it for their research.

“ChatGPT is trained on a range of documents. These are documents from around the internet.

“Like all computer systems, there is an element of ‘garbage in, garbage out,'” Dr Webber said.

Businesses have also used the generative AI tool to boost their profits and maximise efficiencies. It has become a common tool used in workplaces, particularly where redundancies during Covid-19 have come to light.

“One of my colleagues actually asked ChatGPT about the computer science that I had done with another computer scientist that I had never worked with.

“ChatGPT then confidently answered about the amazing discovers that me and this computer scientist had done together. It was very convincing, the English was very fluent but it was all nonsense because I had never worked with that person,” Dr Webber said.

Graph technology can play an important role in the fight against cybercrimes, which are on the rise internationally.

It is the tool capturing data relationships to model real-world relationships between a range of unique entities.

It has been used across the public sector, logistics, supply chain, manufacturing and financial services.

Neo4j is a graph database management system. The company has worked with customers like the Commonwealth Bank of Australia, Telstra, and Tabcorp

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Escape Room industry still booming despite challenging market conditions

Escape This raises over $1 million in just 72 hours, highlighting growing investor interest in immersive entertainment experiences

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Escape This raises over $1 million in just 72 hours, highlighting growing investor interest in immersive entertainment experiences.

In Short:
Escape This raised over $1 million in crowdfunding in 72 hours due to investor interest in innovative entertainment.
– The startup plans to enhance workplace relationships through shared problem-solving experiences across diverse groups.

Escape This, an immersive entertainment startup, has rapidly raised over $1 million in equity crowdfunding within 72 hours, despite challenging market conditions.

Bernie Janes, founder & CEO of Escape This, joins to discuss why his company’s engaging experiences in live entertainment are appealing to investors and thrill seekers alike.Banner

The startup combines theatre, cinema special effects, and escape room design to create a unique environment. Participants engage in immersive adventures, solving problems as part of a narrative, rather than simply deciphering puzzles in a confined space.

Corporate Engagement

Escape This is also launching a programme aimed at enhancing workplace relationships across generations. The initiative places diverse groups in shared problem-solving scenarios, allowing them to appreciate different approaches to challenges.

The positive feedback from corporate clients suggests this method significantly improves understanding and collaboration among team members.

Future plans include expanding to more Australian cities, including Melbourne and Brisbane. For further details, visit the official website at escapethis.com.au.


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Limoncello spritz boom transforms Australian liquor market

Australia embraces Limoncello spritz trend as Ambra Spirits reports 123% growth in the last year

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Australia embraces Limoncello spritz trend as Ambra Spirits reports 123% growth in the last year.

In Short:
– Limoncello Spritz is gaining popularity in Australia, with Ambra Spirits seeing a 123% business increase.
– Ambra plans to expand internationally through crowdfunding and enhance local customer engagement with new features.

The Australian liquor industry is currently experiencing a surge in popularity for Limoncello Spritz. This trend has led to significant growth, with Ambra Spirits Distillery reporting a remarkable 123% increase in business over the past year.

Finn Healey, Co-Owner & Managing Director of Ambra Spirits, joined Ticker to discuss how Australia’s first Limoncello producer has expanded its distribution. The Limoncello Spritz is seen as a smoother alternative to the traditional Aperol Spritz, appealing to those seeking less bitterness.

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Global Expansion

In light of this growth, Ambra Spirits is launching an equity crowdfunding campaign to expand operations and reach international markets. The funds will support initiatives such as increased production capacity and establishing a more extensive national distribution network. The distillery also plans to enhance customer engagement at its venue by adding new features like a rooftop space and a pizza oven, anticipating increased demand from local residents. Interested consumers can learn more by visiting the Ambra Spirits website.
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AI-ready private clouds optimise costs and enhance control

AI-ready private clouds essential for organisations’ AI scalability, balancing control, performance, and cost efficiency in evolving tech landscape

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AI-ready private clouds essential for organisations’ AI scalability, balancing control, performance, and cost efficiency in evolving tech landscape

In Short:
– Organisations recognise the need for an AI-ready private cloud for efficient AI scaling and cost control.
– Data sovereignty and compliance are key concerns, leading firms to prefer local data management.

Today, organisations are increasingly recognising the importance of an AI-ready private cloud for scaling AI while ensuring control, performance, and transparency.

David Leen, head of Product Cloud at Interactive, remarked that while many companies have begun using AI, most are still experimenting with it. As they move from experimentation to production, costs often rise sharply.

Cost management is crucial, as the public cloud can be significantly more expensive compared to private cloud solutions.

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Data Sovereignty

Moreover, data sovereignty, privacy, and compliance are pressing concerns. Leen explained that organisations often prefer their data stored and managed by local entities to mitigate risks. The increasing demands for power and cooling solutions in data centres necessitate partnerships with major providers for optimal performance and efficiency.


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