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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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Wealth building requires discipline over chasing returns

Australians urged to prioritise disciplined investing over chasing high returns amidst concerns of an impending asset bubble

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Australians urged to prioritise disciplined investing over chasing high returns amidst concerns of an impending asset bubble.

In Short:
– Australians are building wealth through disciplined saving and investing rather than chasing high returns.
Bryce Jenkins warns against heavy investments at market peaks due to risks from asset bubbles.

Australia’s financial landscape is evolving as individuals pursue disciplined wealth-building habits. Bryce Jenkins from The Virtuous Collective emphasises that it is not investments that lead to wealth but rather the consistency of disciplined saving and investing.

Recent market trends indicate that exceptional returns seen in property, cryptocurrencies, shares, and bonds may not persist. Jenkins argues that committing additional capital to a portfolio has a more significant impact on wealth than simply chasing high returns.

He cites scenarios from his book, “11 Unpopular Reasons Why I’m Rich and You Are Not,” illustrating how even small capital injections can significantly benefit investors over time.
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Rising workplace loneliness sparks leadership rethink in Australia

Australian workplaces face rising loneliness, prompting calls for leaders to enhance authentic communication according to new employee report

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Australian workplaces face rising loneliness, prompting calls for leaders to enhance authentic communication according to new employee report.

In Short:
– Australian workplaces face rising unhappiness, prompting calls for authentic executive communication and insights on challenges.
– Nearly half of Australian employees feel lonely, affecting productivity, with effective communication crucial for engagement.

As unhappiness and distrust rise in Australian workplaces, this year’s employee communication impact report calls for authentic communication from executives.

David Burnand from Staffbase provides insights into the challenges facing employers. Employers often express a desire for authenticity but fear potential backlash.

This concern is exacerbated by the current emphasis on productivity, which can overshadow the need for genuine communication. Many HR managers advise caution, suggesting that leaders should remain reserved, which impacts workplace dynamics.Banner

In Australia, nearly half of the workforce experiences some level of loneliness, often due to disconnection from their organisations.

This sense of isolation correlates with a 23% increase in job-seeking behaviour and significantly lowers productivity.Download the Ticker app

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AI Baby Sleep Help: How Technology Is Changing Parenting

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AI offers personalised support to overwhelmed parents seeking smarter solutions for baby sleep challenges.

In Short:
– Parents are seeking effective sleep solutions for babies, with AI offering personalised support.
– Camille Jaramis aims to simplify parenting information by providing tailored and empathetic AI responses.

Parents are increasingly seeking effective ways to help their babies sleep. Artificial intelligence is emerging as a solution, providing personalized support to families overwhelmed by information. Camille Jaramis from Ask Yawn shared insights into the challenges parents face. She highlighted that while parenting isn’t inherently broken, the existing system often complicates things. With her background as a certified sleep consultant, Jaramis aims to simplify parenting information.Banner

The abundance of resources can overwhelm parents. Jaramis compared parenting advice to a vast library, where finding specific information feels daunting. The solution is a librarian-like tool that interacts with parents to find tailored resources quickly.

Jaramis emphasised the importance of clarity for parents, noting that every child’s journey is unique. Traditional search engines often lead to generic advice, making it challenging to find relevant solutions. AI can streamline this process by delivering tailored responses instead of overwhelming the user.Download the Ticker app

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