🗿 Is AI Just All Hype?

GM. Crypto can’t find its footing and China is leading the world in AI adoption. Other than that it’s another slow summer news day. But we’re still here to complain about the state of AI.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

The Biggest Problems with AI Right Now

Environmental Concerns

1. AI data centers require too much power

The power requirements for AI data centers are astronomical, and are beginning to put unforeseen pressure on our existing power grids.

Apparently Microsoft is betting on an effort to generate power from atomic fusion… 

2. Cooling the data centers will require more water than we have

Cooling these data centers will require water withdrawals of 4.2 to 6.6 billion cubic meters by 2027.

The Output

1. Chatbots and text don’t seem actually ready for widespread use

The actual output of these tools isn’t ready to be relied on without human supervision. If you’re reading this you probably have your own examples that come to mind, but the most famous blunders so far came from Google. 

2. So far, any time it’s added to existing tech, it makes the experience worse for users

Moral Issues 

1. The massive data sets cannot be attained legally, so they are stealing the information they need.

2. AI has and will continue to put people out of work

This is an obvious complaint, but might be the most important one. We have absolutely no way of knowing just how many people will lose their job to an AI system or a robot. We do know for sure that it will not be 0. 

What We’re Reading

• Is AI the answer for better government services?

• Meet the AI-powered robots that Big Tech thinks can solve a global labor shortage

• Nicolas Cage Is ‘Terrified’ of AI and Got Digitally Scanned for Spider-Man Noir: ‘I Don’t Want You to Do Anything’ With My Face and Body ‘When I’m Dead’

• Bitcoin Recovery Stalls As Mt. Gox Fears Rattle Crypto Market

• MetaMask unveils new toolkit to streamline Web3, user onboarding 

• YouTube Music is piloting 'music any way you like' prompt-generated radio using AI

• China leads the world in adoption of generative AI, survey shows

AI App of the Week 💻 

AI gets a lot of hype. But how does that help me?

This section is dedicated to No Fomo’s favorite AI tools.

We’ll try to find things that make your life easier. Or we’ll give honest, informative reviews of apps capturing Internet attention.

This Week’s App De Jour: Logi AI Prompt Builder

Today’s tool isn’t an AI itself, but rather a tool to help you better use other AI systems like chat gpt. 

Reach 200,000+ Tech Consumers and Brands

This is NOFOMO, the newsletter keeping you up-to-date on all things emerging tech — from AI and Blockchain to Virtual Reality.

Advertise with our media conglomerate of thoughtful content creators the digital landscape: X, LinkedIn, Podcasting, Email, etc. We offer exclusive access to a real, engaged community of over 200,000 tech professionals boasting millions of monthly impressions and real results.

Our discerning readers are always looking for the latest tools and products in the industry. Connect with the right people and transform your business.

Request a media kit.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.