Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries AI arms race will dominate 2024 election By: FOXNews.com June 08, 2023 at 02:00 AM EDT AI arms race will dominate 2024 election as campaigns maximize use of new artificial intelligence technology. Results will show the strengths of the tech. With the rise of Artificial Intelligence (AI), governments, corporations and political campaigns alike are scrambling to figure out how to best utilize the new technology. Want to know how it will all end? Pay attention to the 2024 election and how campaigns leverage this technology. While it’s easy to mock political campaigns as dry, templatized and old-fashioned, the past 15 years have shown us that campaigns serve as laboratories of innovation that spur significant marketing and data changes in private industry. Looking back at the Barack Obama campaigns of 2008 and 2012, they mastered the art of using social media for grassroots organizing, online ad targeting, and fundraising. In 2016, the Donald Trump campaign drove a digital-first media strategy that drove old school consultants crazy, but paid dividends and gave them a distinct advantage over the Hillary Clinton campaign. CHUCK SCHUMER ANNOUNCES BRIEFINGS ON RISKS OF AI: 'WE MUST BE READY'In the upcoming 2024 elections, campaigns that successfully use this technology will have a distinct advantage over their rivals: with hyper-targeted ads, highly scalable and personalized content creation, turbocharged opposition research and other developments that will drive further efficiencies on resource-deprived campaigns. Historically, political campaigns are human-intensive and this coming tidal wave will be tough for political consultants to stomach. But on campaigns, the stakes could not be higher. In the win-or-lose dynamic of political campaigns, a failure to explore and test new technology is a death sentence. If a campaign isn’t taking advantage of these developments, the opponent’s campaign likely is. This sets campaigns up to compete in what will be the equivalent of an AI arms race with an uncertain ending. Will campaigns invest the resources to utilize AI correctly, or will their efforts fizzle out? For instance, the Republican National Committee (RNC) utilized generative AI in a recent ad that depicted what America could look like under a second Biden term. The RNC openly took credit for their ethical use of AI technology, which is exactly what candidates, campaign committees and Super PACs should do when using new AI technology. In a fight for their lives, sophisticated political campaigns must be laboratories of innovation, where new technologies and strategies can be tested and refined. And while governments, lawmakers, and major corporations squabble over how to best utilize and regulate artificial intelligence, campaigns will already be working to exploit the technology – and using it in ways that are difficult to conceptualize. But how will campaigns utilize this new technology now at their disposal? That’s what corporations should be paying extra close attention to – for learnings from both the good, bad and the ugly use of AI. CLICK HERE TO GET THE OPINION NEWSLETTEROne outcome that we can nearly certainly rule out is the intervention of government regulation in a timely manner. While it’s obviously in the government’s best interest to control how this technology may be utilized, the time to act on the issue was yesterday. If the government can't prevent foreign interference in our elections, how can we have confidence in their ability to curb AI in the 2024 election cycle? Campaigns will have to decide: double-down on the tactics of campaigns of the past, or innovate? History shows that campaigns that innovate win. Those innovations will have far-reaching impacts well beyond the political world that corporations ought to be paying close attention to and learning from. At our firm, we have been employing machine learning to target potential voters and donors for campaigns for years. AI technology is taking our data-centric approach to the next level, which is why we view these technological advances as a major opportunity. So, while governments, lawmakers, and major corporations squabble over the how to best utilize and regulate artificial intelligence, the smartest campaigns will already be pioneering AI and working to exploit the technology – and using it in ways that give their candidate an advantage on the 2024 political battlefield. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
AI arms race will dominate 2024 election By: FOXNews.com June 08, 2023 at 02:00 AM EDT AI arms race will dominate 2024 election as campaigns maximize use of new artificial intelligence technology. Results will show the strengths of the tech. With the rise of Artificial Intelligence (AI), governments, corporations and political campaigns alike are scrambling to figure out how to best utilize the new technology. Want to know how it will all end? Pay attention to the 2024 election and how campaigns leverage this technology. While it’s easy to mock political campaigns as dry, templatized and old-fashioned, the past 15 years have shown us that campaigns serve as laboratories of innovation that spur significant marketing and data changes in private industry. Looking back at the Barack Obama campaigns of 2008 and 2012, they mastered the art of using social media for grassroots organizing, online ad targeting, and fundraising. In 2016, the Donald Trump campaign drove a digital-first media strategy that drove old school consultants crazy, but paid dividends and gave them a distinct advantage over the Hillary Clinton campaign. CHUCK SCHUMER ANNOUNCES BRIEFINGS ON RISKS OF AI: 'WE MUST BE READY'In the upcoming 2024 elections, campaigns that successfully use this technology will have a distinct advantage over their rivals: with hyper-targeted ads, highly scalable and personalized content creation, turbocharged opposition research and other developments that will drive further efficiencies on resource-deprived campaigns. Historically, political campaigns are human-intensive and this coming tidal wave will be tough for political consultants to stomach. But on campaigns, the stakes could not be higher. In the win-or-lose dynamic of political campaigns, a failure to explore and test new technology is a death sentence. If a campaign isn’t taking advantage of these developments, the opponent’s campaign likely is. This sets campaigns up to compete in what will be the equivalent of an AI arms race with an uncertain ending. Will campaigns invest the resources to utilize AI correctly, or will their efforts fizzle out? For instance, the Republican National Committee (RNC) utilized generative AI in a recent ad that depicted what America could look like under a second Biden term. The RNC openly took credit for their ethical use of AI technology, which is exactly what candidates, campaign committees and Super PACs should do when using new AI technology. In a fight for their lives, sophisticated political campaigns must be laboratories of innovation, where new technologies and strategies can be tested and refined. And while governments, lawmakers, and major corporations squabble over how to best utilize and regulate artificial intelligence, campaigns will already be working to exploit the technology – and using it in ways that are difficult to conceptualize. But how will campaigns utilize this new technology now at their disposal? That’s what corporations should be paying extra close attention to – for learnings from both the good, bad and the ugly use of AI. CLICK HERE TO GET THE OPINION NEWSLETTEROne outcome that we can nearly certainly rule out is the intervention of government regulation in a timely manner. While it’s obviously in the government’s best interest to control how this technology may be utilized, the time to act on the issue was yesterday. If the government can't prevent foreign interference in our elections, how can we have confidence in their ability to curb AI in the 2024 election cycle? Campaigns will have to decide: double-down on the tactics of campaigns of the past, or innovate? History shows that campaigns that innovate win. Those innovations will have far-reaching impacts well beyond the political world that corporations ought to be paying close attention to and learning from. At our firm, we have been employing machine learning to target potential voters and donors for campaigns for years. AI technology is taking our data-centric approach to the next level, which is why we view these technological advances as a major opportunity. So, while governments, lawmakers, and major corporations squabble over the how to best utilize and regulate artificial intelligence, the smartest campaigns will already be pioneering AI and working to exploit the technology – and using it in ways that give their candidate an advantage on the 2024 political battlefield. Related Stocks: Fancamp Exploration Ltd