AI’s Hype Cycle: From Excitement to Disillusionment?

The AI boom, fuelled by massive investments and the promise of transformative change, is facing growing skepticism as investors and businesses question its real-world impact. While AI has shown potential in certain areas, its high costs, lack of widespread adoption, and occasional inaccuracies have led to concerns about its true value and sustainability. As the hype cycle unfolds, the future of AI hinges on its ability to deliver tangible benefits and address critical issues such as reliability, accuracy, and affordability.

NVIDIA and Meta Partner to Offer Custom AI ‘Supermodels’ with Llama 3.1

NVIDIA has launched AI Foundry, a service that helps companies build custom AI ‘Supermodels’ based on Meta’s open-source Llama 3.1 generative AI model. These models are trained for specific industry needs, leveraging NVIDIA’s software and expertise, and powered by the NVIDIA DGX Cloud AI platform. This partnership signifies a significant step towards widespread adoption of generative AI, empowering businesses to create tailored AI applications.

Amadeus Leverages Generative AI to Empower Hoteliers with Business Intelligence Chatbot

Amadeus is integrating Generative AI into its business intelligence suite, Agency360+TM, through a collaboration with Microsoft. This integration introduces the Amadeus Advisor chatbot, powered by Azure OpenAI Service, enabling hoteliers to access comprehensive travel agency and corporate booking data through a natural language interface. The chatbot streamlines data analysis, providing insights that support strategic business decisions.

Skeleton Key: New AI Jailbreak Technique Bypasses Safety Guardrails

Microsoft has discovered a new AI jailbreak technique called ‘Skeleton Key’ that allows malicious users to bypass safety guardrails and access restricted content. The technique involves convincing the AI model to augment its guardrails, leading to the production of potentially harmful content. Microsoft has disclosed the vulnerability and implemented safeguards to prevent this exploit.

AACSB Embraces AI Innovation in Business Education

AACSB International is leading the charge in integrating AI into business schools. Their recent report explores how schools can leverage generative AI, and they’ve invited renowned AI expert Ethan Mollick to speak at their Deans Conference. AACSB is also hosting AI conferences to foster discussion and exploration of this transformative technology in business education.

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