Babbitt | Metaverse Daily Must-Read: AI sweeps Wall Street, ChatGPT and other popular tools, but Buffett believes that enthusiasm for adopting complex AI systems is a harbinger of future risks

Abstract: According to The Paper, Wall Street is exploring the latest popular tools based on ChatGPT, hoping that by providing sufficient financial information, the machine can reach a level of ability to reasonably price options, build investment portfolios, or analyze company news. The artificial intelligence revolution is underway in the financial world, but it's raising concerns about the transparency and effectiveness of financial AI, which many, including billionaire investor Warren Buffett, see as an overzealous move to adopt complex AI. AI systems are a harbinger of future risks.

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Hot info:

Ming-Chi Kuo: The key to the success of Apple’s AR/MR headset lies in its ability to be highly integrated with AI/AIGC

According to the "Kechuangban Daily" report on June 5, the well-known analyst Ming-Chi Kuo recently issued an article pointing out that if Apple's AR/MR headset is successfully released, it will have a huge impact on 3D interactive design and 3D computer graphics (like ChatGPT to AI/AIGC). In the long run, the key factor for the success of Apple's AR/MR headset is whether it can be highly integrated with AI/AIGC. Investors have recently paid more attention to when Apple will launch a ChatGPT-like service than Apple's AR/MR headset. If Apple releases the AIGC service at WWDC, investors believe that it will help and continue the current AI investment sentiment. If Apple's AIGC service requires higher hardware specifications, there is an opportunity to drive a wave of hardware replacements.

Huawei has applied for GPT-related trademarks

According to Jiemian News, Tianyan Check shows that Huawei Technologies Co., Ltd. has recently applied for the registration of two "HUAWEI NETGPT" trademarks, which are internationally classified as scientific instruments and website services. The current trademark status is under application. In addition, Huawei has successfully registered multiple "Pangu" and "PANGU" trademarks.

Liang Fengyi: The Hong Kong Securities Regulatory Commission focuses on virtual assets and other fields, and Web3 and generative AI are major opportunities

According to China Fund News, on June 5, Liang Fengyi, chief executive of the Hong Kong Securities Regulatory Commission, delivered a speech at the annual meeting of the Hong Kong Investment Fund Association, saying, "The Hong Kong Securities Regulatory Commission is committed to promoting growth. We understand that investment products in the market need to innovate. Only by keeping pace with the times can we meet the changing needs of investors. We are currently focusing on three major areas: environment, society and governance (ESG), virtual assets, and RMB-denominated products.”

Regarding the work related to virtual asset products, Liang Fengyi said, "The demand for these products has been rising in recent years. We have introduced measures to encourage responsible technological innovation and support the financial technology industry. We approved the first batch of virtual asset futures ETFs, and these ETFs mainly invest in The virtual asset futures traded on the Chicago Mercantile Exchange, including the world's first Ethereum futures ETF and Asia's first Bitcoin futures ETF. Two weeks ago, we issued guidelines for operators of licensed virtual asset trading platforms. Like virtual asset futures ETFs, we have taken several measures to protect investors’ interests, such as prescribing requirements for inclusion criteria for tokens that can be traded by retail investors.”

In addition, Liang Fengyi pointed out that the investment environment is still severe, but she said, "We don't forget that there are opportunities in crisis, and 'opportunities' include China's economic restart, digital transformation, third-generation Internet (Web3) and generative artificial intelligence (generative AI) These are great opportunities to drive innovation and sustainable investment.” She said, “Each of us must learn to live with AI in our work and in our lives. There are indications that AI can help improve productivity, and over time, this may be possible. This translates into growth in assets under management and other business metrics. AI is advancing rapidly, and as AI has indeed simplified routine tasks such as financial advisory, portfolio construction, and big data analysis, convincing skeptics, AI will soon It will permeate all areas around us. This will free up time and energy for asset managers to formulate better strategies and achieve better investment performance.”

Xmind mind map acquires AI product ChatMind series software

According to 36 Krypton’s report on June 5, Xmind Mind Map, a tool vertical enterprise, announced today that it has successfully acquired the ChatMind series of AI products. Through this acquisition, Xmind will further enhance the AI features of its products. It is understood that Xmind has launched the AI product Xmind Copilot.

Survey: AI began to take away human jobs, nearly 4,000 people in the United States lost their jobs due to AI in May

According to news from IT House on June 5, according to data from Challenger, Gray & Christmas, a talent flow consulting company in the United States, artificial intelligence led to the disappearance of nearly 4,000 jobs in the United States in May, which involved creative, administrative and clerical jobs. field. U.S.-based employers laid off more than 80,000 workers in May, a 20% increase from the previous month and a nearly fourfold increase from a year earlier, according to a report from Challenger, Gray & Christmas on Thursday. Among them, artificial intelligence caused 3,900 job losses, accounting for about 5% of all unemployed people, becoming the seventh largest reason for layoffs mentioned by employers in May.

The layoffs come as companies relentlessly adopt advanced artificial intelligence technology to automate a range of tasks, including creative work such as writing, as well as administrative and clerical work. The artificial intelligence industry is expected to grow to more than $1 trillion, driven by major technological advances that became evident after the launch of OpenAI's ChatGPT last fall, according to a report by analysts at Bloomberg Intelligence.

Report: More than 100 million people will work with generative AI in 2026

According to the "Kechuang Board Daily" report on June 5, UBS analyst Michael Briest recently quoted a report from Gartner that within the next few years, generative AI will have a significant impact on pharmaceuticals, manufacturing, media, architecture, interior design, Huge impact in engineering, automotive, aerospace, defense, medical, electronics and energy industries. According to a Gartner report, generative AI will further accelerate enterprise innovation between now and 2027. By 2025, more than 30% of new drugs and new materials will be discovered by generative AI; at the same time, the use of comprehensive data will reduce the total amount of real data required for machine learning by 70%; 30% of marketing information for large organizations will be generated by AI. By 2026, more than 100 million people will work with generative AI, performing their duties; by 2027, nearly 15% of new applications will be automatically generated by AI without human involvement.

Investment and Financing:

AIGC technology company Right Brain Technology completed tens of millions of angel round financing

According to a report from the "Kechuang Board Daily" on June 5, AIGC technology company Right Brain Technology (RightBrain AI) announced that it has completed tens of millions of yuan in angel round financing. . The financing funds will be mainly used for algorithm research and development, product development and team expansion.

AI data company "Integer Intelligence" recently completed tens of millions of Pre A round of financing

According to 36 Krypton’s report on June 5, the AI data company “Integer Intelligence” recently completed tens of millions of Pre A rounds of financing. Yishang Capital is the exclusive financing advisor. This round of financing is mainly used for the iterative upgrade of the intelligent data engineering platform (ABAVA Platform). The new ABAVA platform will integrate AI large models + small models to achieve efficient automatic data annotation. In addition, integer intelligence will also integrate RLHF (human feedback reinforcement learning) data service capabilities to provide solutions for the development and iteration of large language models (LLM).

AI management and collaboration service provider "Star Whale Technology" received tens of millions of yuan in angel round financing

According to a report from the "Kechuang Board Daily" on June 5, recently, Star Whale Technology has received tens of millions of yuan in angel round financing, and the investors are Nanshan Capital and Yuanjing Venture Capital. Star Whale Technology is an AI management and collaboration service provider, focusing on the field of MLOps services, building two functional platforms of data and models, and providing products and services such as MLOps platforms and tools. The current open source version of Starwhale supports both enterprise deployment and personal development. In addition, Star Whale Technology will soon launch Star Whale Cloud, which includes various large models and data sets that are currently open source, supports model fine-tuning, evaluation and deployment, and is convenient for small and medium-sized enterprises and individuals.

Metaverse recommended reading:

"AI Sweeps Wall Street: Hedge Funds Deploy ChatGPT, Banks Launch an "Arms Race""

Wall Street is exploring the latest popular tools, centered on ChatGPT, in the hope that by providing enough financial information, machines can reach the level of ability to reasonably price options, build investment portfolios or analyze company news. Around 40% of job vacancies at the most AI-enthusiastic banks were for AI-related hires, such as data engineers, quantitative analysts, and governance roles.

"The outdated metaverse, can Apple save it?" "

Foreign media recently wrote that before Apple released the long-rumored Reality Pro headset, Meta CEO Mark Zuckerberg (Mark Zuckerberg) officially announced that the company’s first consumer-grade MR headset Meta Quest 3 will be released this year. On sale in the fall for $500. The meaning of Meta stealing the spotlight from Apple is very obvious. The outdated concept of "Metaverse" will not die, and it may shine again.