AI needs a lot of water

ALSO: How AI is helping finance teams

Read time: 2.5 minutes

Welcome back, superhuman

Summer may be coming to an end but the heat is still on in AI as a new study shows how thirsty big AI models are for water. And a new report claims that Meta has a secret new AI model in the works to take on ChatGPT.

TODAY’S MENU

  • The Big Story: Meta’s AI plans leaked

  • Insight: AI has a water consumption problem

  • 5 AI tools to supercharge your productivity

  • AI In Business: How AI is helping finance teams improve

  • Tutorial: Turn ChatGPT into your personal career advisor

  • AI-Generated Images: Breaking bad as an elementary school play

THE BIG STORY

Report says Meta’s planning for a powerful new AI model to take on OpenAI and ChatGPT

Meta is cooking up a powerful new AI model to take on OpenAI and ChatGPT, according to a new report in WSJ.

The key details from the report:

  • Meta wants their new AI model to be at least as powerful as GPT-4.

  • The new model will be several times more powerful than Meta’s current leading model, Llama 2.

  • The new model will enable businesses to produce sophisticated text, analysis, and more.

  • Zuckerberg wants the model to be free and open source.

You can read the full report here (may require subscription from publisher).

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INSIGHT

New research: ChatGPT’s water consumption needs could be an environmental problem

Just 5 ChatGPT queries can consume as much as 500ml (or 16 oz) of water, according to a new study from researchers at The University of California.

The research aimed to look at the environmental impact of AI processing in data centers and analyzed Microsoft’s Iowa data center to make their calculations. Microsoft’s water consumption rose 34% from 2021 to 2022 to nearly 1.7 billion gallons. Google reported a 20% increase in water consumption over the same period.

The researchers and some local authorities expressed concern with regard to the environmental impact of the increased water usage required to train AI models. Big tech companies have also acknowledged the need to be more efficient with their water consumption.

5 AI Tools to Supercharge Your Productivity

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AI IN BUSINESS

How AI is helping CFOs and finance teams improve performance

AI is transforming the finance sector by providing CFOs and finance teams with unique solutions to age-old problems. Here are 3 ways finance teams are currently leveraging AI:

Automating Tasks: Finance teams are using AI to acquire data, correct calculation problems, and assist with scenario preparation.

Data Analysis and Error Detection: Because AI can analyze massive volumes of data, it’s effective at detecting deviations in enormous datasets early.

Improved Forecasting and Budgeting: AI is crucial in developing predictions and budget scenarios by linking diverse data sources for thorough analysis.

Read more about it here →

AI TUTORIAL

How to turn ChatGPT into your personal career advisor

Try the prompt below:

Please provide 3 strategies to address the following [challenges] when transitioning from a [current career] to a [desired new career]:

Challenges: [List the specific challenges here]

Current Profession: [Specify the current career field]

Target Profession: [Specify the desired career field]

AI-GENERATED IMAGES

Breaking bad as an elementary school play

Source: u/ShaneKaiGlenn on Reddit

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