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AI set to transform construction industry


Geee

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Fox News

Artificial intelligence has entered the construction industry, and early adopters say the efficiencies and cost-cutting measures will revolutionize the $10 trillion sector of the global economy for the better.

Supply chain and building material software company DigiBuild has been using OpenAI's ChatGPT to bolster its program for months, and is set to unveil the results at an event in Miami on Wednesday evening.

 

But ahead of the announcement, DigiBuild CEO Robert Salvador gave FOX Business an exclusive sneak peek of how the powerful AI tool has improved efficiency and slashed costs for the firm's clients, and he says the technology will be "market changing."

The construction industry is still dogged by the high material costs and supply chain woes brought on by the pandemic, and DigiBuild's software aims to help developers and contractors save money and improve their schedules. The help of AI has provided a remarkable boost to that end.

To the company's knowledge, DigiBuild is the first to introduce ChatGPT into the construction supply chain, and the firm has some inside help. The building software firm is backed by major investors, including Y Combinator – which trained OpenAI CEO Sam Altman – and has an exclusive Slack channel with OpenAI that allows experts to build together.:snip:

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Here’s how Washington is racing to get a grasp on AI technology

The rapid rise of ChatGPT and influx of artificial intelligence (AI) competitors is leaving the federal government grappling with a range of concerns from the spread of misinformation and a changing workforce, to risks of inherent bias in the technology. 

Lawmakers and regulators are looking to take a unified approach to tackle the rising concerns.

 

The big picture: The AI arms race is on. Are regulators ready?

The Federal Trade Commission (FTC), Civil Rights Division of the Department of Justice (DOJ), Consumer Financial Protection Bureau (CFPB) and Equal Employment Opportunity Commission (EEOC) put out a joint statement Tuesday pledging to enforce existing laws that aim to uphold fairness and justice as AI is increasingly used across a range of services from housing to healthcare. 

The issues range from enforcing existing laws that aim to address discrimination that could arise as AI is deployed more broadly, to weighing new regulations that set the rules of the road. 

“We have come together to make clear that the use of advanced technologies, including artificial intelligence, must be consistent with federal laws,” said Charlotte A. Burrows, chair of the EEOC. :snip:

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2 hours ago, Geee said:

Here’s how Washington is racing to get a grasp on AI technology

The rapid rise of ChatGPT and influx of artificial intelligence (AI) competitors is leaving the federal government grappling with a range of concerns from the spread of misinformation and a changing workforce, to risks of inherent bias in the technology. 

Lawmakers and regulators are looking to take a unified approach to tackle the rising concerns.

 

The big picture: The AI arms race is on. Are regulators ready?

 

 

Here is The problem (make no mistake This is A Problem) The DC Bureaucracy dose NOT control the world.

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