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AI Weekly: Condensing the week’s top AI news 

Welcome to AI Weekly, where we delve into the cutting-edge and ever-evolving world of artificial intelligence and bring you concise yet comprehensive summaries of the most exciting AI developments. 

Australians consider embracing AI for black friday/cyber Monday deals

A UserTesting survey reveals that 53% of Australians are considering using AI for Black Friday and Cyber Monday shopping, signaling a growing trust in AI’s ability to offer personalized solutions. Over 28% believe AI understands their preferences better than friends and family, with 12% thinking it knows their habits better than themselves. Additionally, 63% believe AI enhances their shopping experience, citing factors such as time efficiency, access to superior deals, and convenience.

Sam Altman returns as OpenAI CEO, resolving leadership crisis

OpenAI announces the reinstatement of Sam Altman as CEO, concluding a crisis that began with his November 17 termination. The company is set to welcome new board members, marking a pivotal moment in its leadership.

Gen AI drives 13% of software code generation in India

According to a report, Gen AI is projected to write 1 in every 5 lines of code in India in the next 12 months. Currently contributing to almost 1 in 8 lines of code, the report predicts a significant increase in code generation efficiency, saving 27% of time in India and 26% globally over the next year.

Australia faces AI inflexion point

A report by the Australian Academy of Technological Sciences and Engineering (ATSE) and the University of Adelaide’s Australian Institute for Machine Learning (AIML) reveals Australia’s pivotal position in AI development. The country is at a crossroads, with the potential to lead or lag in technical and regulatory innovation.

Microsoft Develops Custom AI Chip for Language Models, Arm-based CPU for Cloud” Microsoft announces the creation of a custom AI chip for training large language models, alongside an Arm-based CPU for cloud workloads. Expected in 2024, these innovations could reduce reliance on Nvidia, with second-generation designs already in progress.

AI’s Potential for four-day work week explored in new study

A study suggests that AI tools, such as ChatGPT, could pave the way for a four-day workweek for one-third of workers in the UK and the US by 2033. The “GPT-4 (Day Week)” study explores the impact of AI on productivity and employment, estimating the automation or augmentation of tasks for millions of workers without compromising output.

Amazon launches free generative AI courses 

Amazon introduces a program offering free AI courses for all skill levels, providing scholarships, fostering collaboration, and encouraging exploration of AI possibilities. Course topics include foundations of prompt engineering, low-code machine learning on AWS, building LLms on AWS, and creating generative AI applications using Amazon Bedrock.

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