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AI Agents: Adapting to the Future of Software Development

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AI Agents: Adapting to the Future of Software Development


In the near future, AI agents like Pixie from GPTConsole, Codeinterpreters from OpenAI, and many others are poised to revolutionize the software development landscape. They promise to supercharge mundane coding tasks and even autonomously build full-fledged software frameworks. However, their advanced capabilities bring into question the future role and relevance of human developers.

As these AI agents continue to proliferate, their efficiency and speed could potentially diminish the unique value human developers bring to the table. The rapid rise of AI in coding could alter not just the day-to-day tasks of developers but also have long-term implications for job markets and educational systems that prepare individuals for tech roles. Nick Bostrom raises two key challenges with AI.

The first, called the ‘Orthogonality Thesis,’ suggests that an AI can be very smart but not necessarily share human goals. The second, known as the ‘Value Loading Problem,’ highlights how difficult it is to teach an AI to have human values. Both these ideas feed into a more significant issue, the ‘Problem of Control,’ which concerns the challenges of keeping these increasingly smart AIs under human control.

If not properly guided, these AI agents could operate in ways that are misaligned with human objectives or ethics. These concerns magnify the existing difficulties in effectively directing such powerful entities.

Despite these challenges, the incessant launch of new AI agents offers an unexpected silver lining. Human software developers now face a compelling need to elevate their skillsets and innovate like never before. In a world where AI agents are rolled out by the thousands daily, the emphasis on humans shifts towards attributes that AI can’t replicate—such as creative problem-solving, ethical considerations, and a nuanced understanding of human needs.

Rather than viewing the rise of AI as a threat, this could be a seminal moment for human ingenuity to flourish. By focusing on our unique human strengths, we might not just coexist with AI but synergistically collaborate to create a future that amplifies the best of both worlds. This sense of urgency is heightened by the exponential growth in technology, captured by Ray Kurzweil’s “Law of Accelerating Returns.”

  • Biological Evolution
    • Simple forms to Complex forms: Billions of years
    • Complex forms to Humanoids: Hundreds of millions of years
  • Cultural Evolution
    • Hunter-gatherers to Agricultural societies: Thousands of years
    • Agricultural societies to Industrial societies: A few centuries
  • Language Evolution
    • Pictographic languages to Alphabetic languages: Thousands of years
    • Alphabetic languages to Digital languages (internet): Decades
  • Technology Evolution
    • Walking to Horse Riding: Thousands of years
    • Horse Riding to Cars: A few centuries
  • Information Technology
    • Mainframe computers to Personal computers: Decades
    • Personal computers to Smartphones: Less than a decade
  • Genetic and Biomedical Technology
    • Early DNA sequencing to First complete human genome: Decades
    • First complete human genome to Rapid and affordable genome sequencing: Few years
  • AI in Natural Language Processing
    • 1.5 billion parameters (GPT-2, 2019) to 175 billion parameters (GPT-3, 2020): Increased by more than 100 times in just one year
  • AI in Image Recognition
    • Error rates fell from above 25% (2011) to below 3% (2017): Decreasing errors by more than eight times in six years
  • AI in Game Playing
    • From human-trained AI winning Go championship (AlphaGo, 2016) to AI teaching itself to master Go, chess, and shogi (AlphaZero, 2017): Significant jump in autonomous learning ability in just one year

The ‘Law of Accelerating Returns’ by Ray Kurzweil intensifies the urgency, indicating that AI advancements will not only continue but accelerate, drastically shortening our time to adapt and innovate. The idea is simple: advancements aren’t linear, but accelerate over time.

For instance, simple life forms took billions of years to evolve into complex ones, but only a fraction of that time to go from complex forms to humanoids. This principle extends to cultural and technological changes, like the speed at which we moved from mainframe computers to smartphones. Such rapid progress reduces our time to adapt, echoing human developers’ need to innovate and adapt swiftly. The accelerating pace not only adds weight to the importance of focusing on our irreplaceable human attributes but also amplifies the urgency of preparing for a future dominated by intelligent machines.

The “Law of Accelerating Returns” not only predicts rapid advancements in AI capabilities, but also suggests a future where AI becomes an integral part of scientific discovery and artistic creation. Imagine an AI agent that could autonomously design new algorithms, test them, and even patent them before a human developer could conceptualize the idea. Or an AI that could write complex music compositions or groundbreaking literature, challenging the very essence of human creativity.

This leap could redefine the human-AI relationship. Humans might transition from being ‘creators’ to ‘curators,’ focusing on guiding AI-generated ideas and innovations through an ethical and societal lens. Our role may shift towards ensuring that AI-derived innovations are beneficial and safe, heightening the importance of ethical decision-making and oversight skills.

Yet, there’s also the concept of “singularity,” where AI’s abilities surpass human intelligence to an extent where it becomes unfathomable to us. If this occurs, our focus will pivot from leveraging AI as a tool to preparing for an existence where humans are not the most intelligent beings. This phase, while theoretical, imposes urgency on humanity to establish an ethical framework that ensures AI’s goals are aligned with ours before they become too advanced to control.

This potential shift in the dynamics of intelligence adds another layer of complexity to the issue. It underlines the necessity for human adaptability and foresight, especially when the timeline for such dramatic changes remains uncertain.

So, we face a paradox: AI’s rapid advancement could either become humanity’s greatest ally in achieving unimaginable progress or its biggest existential challenge. The key is in how we, as a species, prepare for and navigate this rapidly approaching future.

Featured Image Credit: Provided by the Author; Pexels; Thank you!

Hari Gadipudi

I’m an AI engineer and the founder of a pioneering startup in the AI agent development space. My critical approach to analyzing the impact of AI on human developers has been deeply influenced by key works in the field. My reading list spans from Nick Bostrom’s “Superintelligence” to “The Age of Em” by Robin Hanson. Through my writings, I aim to explore not just the capabilities of AI, but also the ethical and practical implications it brings to the world of software development.

Politics

Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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