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A Brave New Workforce: Navigating AI's Transformative Role in Business and Law

From Upskilling Urgency to Legal Tech Triumphs: The AI Tide Reshapes Professional Landscapes

Yesterday was a whirlwind. OpenAI dropped a ton of new and exciting features on us. I am still waiting on the update to hit my account. I wrote all about the news from yesterdays DevDay already while the other slackers in the newsletter game are getting the information to you today, you got it straight from me yesterday. So today, while not as exciting news, we still have a packed issue. Check out the videos and tweet of the day to see recaps and the incredible things people are already building!

TL;DR 🚀:

  1. AI's Workforce Revolution: With job skills shifting dramatically by 2030, it’s a race for upskilling, and the world's workforce is eager to embrace AI, from routine task automation to R&D innovation.

  2. Deepfake Danger: AI's new role in cybercrime includes voice and face cloning, tricking people out of money and causing reputational harm. Time to go "old school" with security measures!

  3. Legal Tech Breakthrough: Luminance's AIs have performed the first fully autonomous contract negotiation, signifying a major leap for legal automation and a nod to the future of the profession.

  4. Hiring Frenzy in Legal Tech: Law firms are on the hunt for AI and tech talent to revolutionize their operations, signaling a transformative shift in the industry's approach to legal work.

📰 News From The Front Lines

📖 Tutorial Of The Day

🔬 Research Of The Day

📼 Video Of The Day

🛠️ 6 Fresh AI Tools

🤌 Prompt Of The Day

🐥 Tweet Of The Day

AI in the Workplace: The Urgent Upskilling Race as Global Job Skills Shift by 65% by 2030

Picture this: it's 2030, and 65% of the skills needed for jobs have transformed faster than a chameleon on a disco floor, thanks to our buddy AI. LinkedIn is practically buzzing with AI chatter, with job posts doubling up on AI name-drops faster than teens name-dropping TikTok stars.

In the Asia-Pacific playground, the excitement's through the roof—99% of the workforce in Indonesia are stoked to work with AI, with India and Singapore not far behind. Employers are on a talent hunt, scouring the LinkedIn savannahs for the AI-savvy bunch.

Now, this isn't just some tech fad like the Tamagotchi (although, who didn't love those?). We're talking game-changing tools that could turn a regular Joe into a productivity superhero, sans cape. Microsoft's got the stats to back it up: 70% of folks are ready to toss as much as they can onto AI's plate to clear up their own. Creative work? Administrative tasks? "Take it away, AI," they say!

Let's not forget our own profiles are getting AI-flavored faster than you can say "automation." Since 2016, AI skills on LinkedIn profiles have multiplied like rabbits.

But, there's a hitch. It's not all plug-and-play, and Voo Poh Jee of KPMG reminds us that understanding AI is like understanding that one friend who's into avant-garde jazz—it takes patience and a good ear for what fits the business rhythm.

The big brains say we've got to sprinkle AI where it makes the magic happen—routine tasks, data analysis, the lot. Dow, for instance, put AI in their R&D and—voilà!—product development on fast-forward.

Yet, as much as AI's the belle of the ball, companies are eyeing their teams like nervous stage parents at a talent show, unsure if they'll shine or flop. Christina Janzer from Slack is waving the "trust" flag, saying without it, employees won't be jamming with new tech.

So, as we gear up for the AI fiesta, remember—it's about the people. And not just the tech whizzes, but everyone. As Feon Ang from LinkedIn says, it's upskilling o'clock. So, maybe give Fraction AI Consulting a buzz, eh? Because when AI's already rewriting the work waltz, you don't want to be the one with two left feet.

Voice of Deception: How AI Deepfake Scams Are Swindling Millions from Unsuspecting Victims

Let's talk about the digital boogeyman of our times, shall we? Picture this: You get a call, and it's the voice of your niece. She's in trouble, she needs help, and your heart's already in your throat—but wait a minute. What if it's not actually her? What if it's a scammer using some eerily accurate AI to tug at your heartstrings and your wallet?

Welcome to the new wave of cyber shenanigans, folks. Gone are the days when you could spot a scammer by the dodgy grammar in their email. Now, they've got AI on their side, creating deepfakes that can mimic voices and faces with a finesse that's downright spooky. Remember when we were just worried about robots taking our jobs? Now, they're after our bank accounts too.

Jerry from Texas learned this the hard way. Imagine being 82, living in an assisted living facility, and getting a call that your son-in-law's behind bars. The "police sergeant" on the other end sounds legit, and they're asking for bail to the tune of $17,000. Poor Jerry coughed up the dough only to find out it was all a con. The cherry on top? Now he's thinking of picking up a job to cover the loss. If that doesn't scream '21st-century highway robbery', I don't know what does.

But it's not just one-off anecdotes. These AI-assisted crimes are picking up steam. One guy in China got fleeced for half a million because of a face-swapped friend asking for a cash transfer. And there's a smorgasbord of scams out there—kidnapping, accidents, you name it—all with a side of synthetic voice or video for authenticity.

Big Tech's fueling the fire, with the likes of Meta and Microsoft whipping up AI that can clone voices from just a snippet of audio. Picture this: a few seconds from your latest karaoke Insta story, and boom, there's another you asking your mom for emergency cash.

So how do you fight back against this high-tech hoodwinking? Go old school—set up a codeword with your fam. Nothing fancy, just something you can drop into a conversation to confirm it's really them. If "banana" was good enough to secure nuclear codes back in the day, it's good enough for us, right? And if someone's calling you with a sob story, channel your inner Sherlock and ask them something only the real deal would know.

Remember, though, it's not just fake voices. Deepfakes can do a number on your rep with some, let's say, unsavory imagery. If you find yourself in that nightmare, don't go all vigilante—let the cops handle it.

In the digital age, the line between reality and fiction is as thin as your latest smartphone. Stay sharp, stay skeptical, and maybe, just maybe, we can keep one step ahead of the scammers. Because in this game of cat and mouse, the cheese is your hard-earned cash, and those cats are getting pretty darn smart.

AI Breakthrough: Luminance's Autopilot AIs Conduct First-Ever Fully Autonomous Contract Negotiation

AI just took a giant leap into the legal arena, and let me tell you, it's not just a small step for bots but a huge leap for legal kind. At Luminance's London lab, two AIs just went toe-to-toe negotiating a non-disclosure agreement with the finesse of seasoned attorneys. This wasn’t your usual canned software performance; it was a full-blown, autonomous contract negotiation, no humans needed (except, of course, for the ceremonial signing).

Jaeger Glucina, Luminance's big brain in charge, says this isn't about making lawyers obsolete but freeing them from the grunt work to sprinkle their legal magic where it truly matters. While their chatbot Lumi played the role of a digital paralegal, Autopilot is the one staying up all night, sifting through clauses, and fine-tuning contracts faster than you can hit the print button. Think of it as the difference between having a chess novice on your team versus a grandmaster who's also a workhorse.

In a live demo that would make even the most skeptical raise an eyebrow, this AI churned through a contract negotiation in minutes. This isn’t just about speed; it’s about precision. The AI is smart enough to spot a clause from miles away and tailor it to company policy without breaking a sweat. Your six-year term? No go. How about a neat, policy-compliant three years instead?

Luminance's approach is akin to having a specialist rather than a jack-of-all-trades. They’ve essentially argued that while general AIs are the utility players, what they’ve cooked up is the legal industry’s designated hitter. And judging by the nods they’re getting from big players like Koch Industries, this isn’t just a passing fad; it’s the shape of things to come.

All of this innovation comes from Luminance, a brainchild of Cambridge mathematicians, now turned legal tech wizards. The company's got serious backing and is no stranger to controversy, with the likes of Mike Lynch weaving the financial threads. But drama aside, what stands out is the technology that’s steadily ushering in a new era where AI doesn’t replace lawyers but empowers them to cut to the chase – the real legal showdowns.

Legal Giants Embrace AI Revolution, Launch Hiring Wave for Tech Talent

The legal sector is on a tech hiring spree, with powerhouses like Latham & Watkins and Linklaters leading the charge. They're seeking out the cream of the crop in software development, data engineering, and AI to supercharge their back-office operations. It’s not about robots donning wigs and gowns, but about smart tech taking on the grunt work so lawyers can lawyer more efficiently.

The job specs are as clear as a thick London fog, thanks to the fast-paced evolution of AI. What's certain is the goal: weaving AI into the very fabric of legal workings. Whether it's 'Harvey,' Allen & Overy's newly adopted AI, or the promise of AI-enhanced research and drafting tools, law firms are gearing up for a revolution in legalese.

With tech’s potential in the legal arena as expansive as the open sea, firms are keenly aware of the pitfalls. Goodwin Procter's innovation team, for instance, is on a mission to navigate through AI's 'hallucinations' — ensuring their tech delivers more fact than fiction. The firm is doubling down, expanding their team to demystify AI for their clients and staff, signaling a robust commitment to tech's transformative potential.

In terms of compensation, AI roles in law are drawing a map with a broad spectrum of salary markers. Yet, this is likely just the starting bid in the tech talent auction. As legal giants pitch their tents in the tech field, the value of blending AI with jurisprudence is clear, setting the stage not for a workforce replacement, but for an evolution towards a smarter, tech-enhanced legal process.

OpenAI Assistant Creation

Executive Summary:

Authors: Qingru Zhang, Chandan Singh, Liyuan Liu, Xiaodong Liu, Bin Yu, Jianfeng Gao, Tuo Zhao

Executive Summary:

The research paper presents Post-hoc Attention STeering Approach (PASTA), a novel technique that enhances the focus of large language models (LLMs) on user-specified inputs. Drawing parallels with typographical emphasis in written text, such as bolding or italicizing, PASTA introduces a method to guide LLMs' attention after the fact (post-hoc) without the need for retraining. This capability is essential for achieving greater accuracy in tasks where the understanding of specific information is crucial. By modifying the attention distribution, PASTA aims to improve the model's performance in processing and generating targeted content.

Pros:

  • PASTA enables attention direction without retraining, making it time and resource-efficient.

  • The method is adaptable, showing potential across different models and tasks.

  • Improved task performance, as evidenced in sentiment analysis and question-answering scenarios.

Limitations:

  • Applicability may be limited to models that already utilize attention mechanisms.

  • Effects on overall model performance, when not focused on targeted tasks, need more investigation.

Use Cases:

  • Enhancing precision in AI applications like legal document analysis and medical diagnostics.

  • Improving user interaction with assistive technologies and search engines.

  • Benefiting educational tools by directing focus to crucial learning materials.

Why You Should Care:

This work contributes significantly to the field of AI by proposing a method that aligns machine processing more closely with human-like content interaction. The ability to control LLM attention post-hoc is a leap towards more responsive and user-centered AI systems. Such advancements underscore the potential for AI to become more accessible, tailoring its utility to specific user demands and enhancing overall effectiveness across various applications.

Detangle - Detangle gives you the tools you need to understand legal documents. It doesn't replace your attorney, but rather augments so you understand more while spending less.

Freeflo - Reusable generative AI style prompts for better images.

Claros - AI Personal Shopper that helps your customers find what to buy.

ShortGen - Generate Short Videos with Audio using Text.

Julius - Save time. Make Julius do your data work. Turn hours of Excel into minutes on Julius.

Final Touch - Create Product Photos with AI. Professional photography and design power at your fingertips. FinalTouch takes you from a plain product photo to a captivating scene, in an instant.

Landing Page Optimizer GPT:

CONTEXT:
You are Landing Page Optimizer GPT, a professional digital marketer who helps [ENTER WHAT YOU DO] improve their landing pages. You are a world-class expert in generating power words for the landing page.

GOAL:
I want you to generate 10 power words for my landing page. I will use them to leverage repetition and familiarity.

POWER WORDS FRAMEWORK:
- Each business has a set of associations that can be easily remembered. For example, fitness industry — 6-pack, fat, diet. If you want to connect with a random user, repeating these words will make it easier because the user expects to read them on your landing page.
- Power words consist of words that users expect and words that you want them to remember. Later are connected to the value proposition of your business. For a fitness app, it can be — restriction-free, 6 weeks, dad bod.
- I want to continuously use power words in my landing page to get remembered easier. This will help me to get sales from cold traffic.

POWER WORDS CRITERIA:
- Don't return made-up words. I need real words that real people use
- List words connected to my audience: current problem, desired end result, features they will get from my product. Don't center all power words only around my business. People remember words better when they are focused on them.
- Avoid marketish words like "unleash", "innovative" and "turbocharge". I need words that people will actually remember. 
- Prioritize simple words that will be understood by a 15yo kid (by non-native English speakers too)
- Include adjectives, nouns, and verbs evenly. I need power words for different sentence structures.

INFORMATION ABOUT ME:
- My business: [ENTER INFOR ABOUT YOUR BUSINESS]
- My target audience: [ENTER YOUR TARGET AUDIENCE]
- My value proposition: [ENTER YOUR VALUE PROPOSITION]
- My pricing: [ENTER YOUR PRICING]

RESPONSE FORMATTING:
Use Markdown to format your response.