📰Daily AI News Summary 📰

**🔬 Nobel Prize Winner John Hopfield Warns About AI 'Catastrophe' Without Control -**The renowned physicist, John Hopfield, emphasizes the imperative necessity to develop regulatory frameworks in AI development to prevent potential disasters.

📹 **Meta Introduces AI-Edited Video Ads to Facebook and Instagram-**Meta will make its advertising work more powerfully, new AI-enabled editing, optimizing video's attempts at better engagement.

📺 Meta Launches AI-Powered Video Ad Tools and New Video Tab on Facebook-Facebook will feature a new tab called the video tab with AI tools streamline ad creation for businesses.

⚡ **Scientists Find Breakthrough Method to Reduce AI Energy Consumption by 95%-**Developing a methodology that significantly reduces the energy requirements of AI systems.

🚦 **Bengaluru Unveils AI-Driven System to Tame Traffic Jams-**Bengaluru implemented the pioneering AI Traffic Management System that reduces congestion and shortens travel times everywhere in the city.

Nobel Prize Winner John Hopfield Warns About AI 'Catastrophe' Without Control

Nobel Prize-winning physicist John Hopfield said that unchecked AI continuing to advance can unleash unimaginable catastrophic and catastrophic effects. Speaking at an event recently, John Hopfield said that in the hands of people devoid of control mechanisms and monitoring, AI might bring disastrous effects to humanity. He has said that there's a great risk that autonomous decision-making systems might either be used for malicious purposes or may have unintended consequences. He called for global cooperation to evolve a framework that controls AI based on strict guidelines to ensure it is ethical and safe. His warning message is concurrent with mounting concerns about the accelerated pace of AI advancement and what might happen when such advanced technologies reach society at large.

Meta Introduces AI-Edited Video Ads to Facebook, Instagram

Meta has introduced AI-edited video ads for Facebook and Instagram as part of efforts to enhance advertising creativity and efficiency. AI will be used to edit and further polish video content automatically for advertisers, enabling them to deliver more engaging and personalized ads with less effort on their end. In using AI, Meta can find a way to better improve user engagement and also help brands achieve better ad performance. It heralds Meta's further investment in the revolutionary tools based on AI technology that aim to change digital advertising into something more dynamic and less expensive for business marketing.

Meta is launching AI-powered video ad tools and a new video tab on Facebook

Meta is launching its Advantage+ platform, which features AI-powered video ad tools, in addition to rolling out a new video tab on Facebook. It aggregates Reels, live streams, and longer videos in one place and allows users to have a much smoother video viewing experience. Meanwhile, Meta Advantage+ is using artificial intelligence to optimize video ads through content creation and placement and ensures that businesses can run more effective campaigns. Innovations feature Meta's continued commitment toward utilising AI better for content engagement as well as giving their advertisers wiser targeting and performance tools.

Scientists Find Breakthrough in Method to Scale AI Energy Consumption by 95%

Scientists have created a method aimed at reducing the energy consumption of artificial intelligence systems by as much as 95%. Researchers have developed the technique, which optimizes the efficiency of AI models without compromising performance, to address what is becoming growing concern about environmental impact from high-energy AI processes. This can mean a significant reduction in the carbon footprint of AI technologies by instead focusing on more sustainable machine learning algorithms and designs for hardware. This invention is considered a critical step toward creating the more sustainable solutions of AI, unlocking the way for more sustainable approaches to development and operation in the world.

Bengaluru Unveils AI-Driven System to Tame Jams

Bengaluru has finally unveiled an AI-driven traffic management system in a bid to tame the notorious jams of this Indian city. Utilizing advanced algorithms and real-time data, it monitors and regulates the flow of Bengaluru's traffic to optimize signal timings and identify congestion points. The AI system promises to ease bottlenecks and bring easier commutes for its citizens by dynamically adjusting to changing traffic conditions. This would go a long way to mitigate the travel time across the city and improve road safety generally. It would be one big move toward using technology in solving urban infrastructural challenges in cities like Bengaluru, that never stop booming.

Other News

1. [Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve.

   ](https://www.cnbc.com/2024/10/08/foxconn-chairman-says-ai-boom-still-has-time-to-go-as-llms-evolve.html)

2. [Samsung Electronics apologises for disappointing profit as it struggles in AI chips.

   ](https://finance.yahoo.com/news/samsung-electronics-estimates-274-jump-235615769.html)

3. [Google DeepMind exec says AI will increase efficiency so much it’s expected to handle 50% of info requests in its legal department.

   ](https://finance.yahoo.com/news/google-deepmind-exec-says-ai-174701159.html)

4. [Fairfax Co. to use AI for screening nonemergency 911 calls.

   ](https://wtop.com/fairfax-county/2024/10/fairfax-co-to-use-ai-for-screening-non-emergency-911-calls/)

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