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117 | Deloitte Survey Reveals AI Challenges, US companies warn of growing AI risk, exciting new about Midjourney, Google Imagen 3, Adobe Drops Magic Fixup, Meta's Sapiens and more AI news for the week of August 24

Leveraging AI

CHAPTER

AI Hallucinations and Legislative Developments

This chapter explores a study on the hallucination rates of AI models like GPT-4 and Claude III, revealing that such models accurately produce text only 35% of the time. The discussion includes California's proposed Bill SB 1047 on AI regulations, underscoring the need for responsible AI use and verification practices. Additionally, it highlights advancements in AI image generation from companies like Google and Adobe, alongside the ethical implications regarding authenticity and copyright issues.

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