Spotlight on Authentic AI: Developers Making Real Contributions Beyond AI Washing Claims

USA News Group Commentary
Issued on behalf of Scope AI Corp.

VANCOUVER, BC, June 28, 2024 /CNW/ -- With the advent of the artificial intelligence (AI) revolution, so too comes a major shift across multiple industries. In creative industries, AI is leading to new tools, but also job cuts. Billionaire Steve Cohen and his Point72 Ventures recently laid off its fintech team, in a pivot towards AI. Several investment firms are making this shift as well, including Capital Group, UBS, and SoftBank. Even Goldman Sachs has deployed its first Generative AI tool across the firm for code generation to its thousands of developers by the end of the month. However, another new wrinkle has arrived on the scene, with new allegations of what's being called "AI washing", where proprietors claim to be using AI, when in fact their transactions require significant human oversight. Working behind the scenes for real contributions to the AI space are several developers, including Scope AI Corp. (CNSX:SCPE.CN) (OTC-BB:SCPCF), SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW), Alibaba Group Holding Limited (NYSE:BABA), Meta Platforms, Inc. (NASDAQ:META), and International Business Machines Corporation (IBM) (NYSE:IBM).