Gold Alert: Extraordinary Upside in One Stock (Not a Miner)

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Researchers say an AI-powered transcription tool used in hospitals invents things no one ever said

GARANCE BURKE and HILKE SCHELLMANN
October 26, 2024

SAN FRANCISCO (AP) -- Tech behemoth OpenAI has touted its artificial intelligence-powered transcription tool Whisper as having near "human level robustness and accuracy."

But Whisper has a major flaw: It is prone to making up chunks of text or even entire sentences, according to interviews with more than a dozen software engineers, developers and academic researchers. Those experts said some of the invented text -- known in the industry as hallucinations -- can include racial commentary, violent rhetoric and even imagined medical treatments.

Experts said that such fabrications are problematic because Whisper is being used in a slew of industries worldwide to translate and transcribe interviews, generate text in popular consumer technologies and create subtitles for videos.

More concerning, they said, is a rush by medical centers to utilize Whisper-based tools to transcribe patients' consultations with doctors, despite OpenAI' s warnings that the tool should not be used in "high-risk domains."

The full extent of the problem is difficult to discern, but researchers and engineers said they frequently have come across Whisper's hallucinations in their work. A University of Michigan researcher conducting a study of public meetings, for example, said he found hallucinations in eight out of every 10 audio transcriptions he inspected, before he started trying to improve the model.

A machine learning engineer said he initially discovered hallucinations in about half of the over 100 hours of Whisper transcriptions he analyzed. A third developer said he found hallucinations in nearly every one of the 26,000 transcripts he created with Whisper.

The problems persist even in well-recorded, short audio samples. A recent study by computer scientists uncovered 187 hallucinations in over 13,000 clear audio snippets they examined.

That trend would lead to tens of thousands of faulty transcriptions over millions of recordings, researchers said.

Such mistakes could have "really grave consequences," particularly in hospital settings, said Alondra Nelson, who led the White House Office of Science and Technology Policy for the Biden administration until last year.

"Nobody wants a misdiagnosis," said Nelson, a professor at the Institute for Advanced Study in Princeton, New Jersey. "There should be a higher bar."

Whisper also is used to create closed captioning for the Deaf and hard of hearing -- a population at particular risk for faulty transcriptions. That's because the Deaf and hard of hearing have no way of identifying fabrications are "hidden amongst all this other text," said Christian Vogler, who is deaf and directs Gallaudet University's Technology Access Program.

OpenAI urged to address problem

The prevalence of such hallucinations has led experts, advocates and former OpenAI employees to call for the federal government to consider AI regulations. At minimum, they said, OpenAI needs to address the flaw.

"This seems solvable if the company is willing to prioritize it," said William Saunders, a San Francisco-based research engineer who quit OpenAI in February over concerns with the company's direction. "It's problematic if you put this out there and people are overconfident about what it can do and integrate it into all these other systems."

An OpenAI spokesperson said the company continually studies how to reduce hallucinations and appreciated the researchers' findings, adding that OpenAI incorporates feedback in model updates.

While most developers assume that transcription tools misspell words or make other errors, engineers and researchers said they had never seen another AI-powered transcription tool hallucinate as much as Whisper.

Whisper hallucinations

The tool is integrated into some versions of OpenAI's flagship chatbot ChatGPT, and is a built-in offering in Oracle and Microsoft's cloud computing platforms, which service thousands of companies worldwide. It is also used to transcribe and translate text into multiple languages.

In the last month alone, one recent version of Whisper was downloaded over 4.2 million times from open-source AI platform HuggingFace. Sanchit Gandhi, a machine-learning engineer there, said Whisper is the most popular open-source speech recognition model and is built into everything from call centers to voice assistants.

Professors Allison Koenecke of Cornell University and Mona Sloane of the University of Virginia examined thousands of short snippets they obtained from TalkBank, a research repository hosted at Carnegie Mellon University. They determined that nearly 40% of the hallucinations were harmful or concerning because the speaker could be misinterpreted or misrepresented.

In an example they uncovered, a speaker said, "He, the boy, was going to, I'm not sure exactly, take the umbrella."

But the transcription software added: "He took a big piece of a cross, a teeny, small piece ... I'm sure he didn't have a terror knife so he killed a number of people."

A speaker in another recording described "two other girls and one lady." Whisper invented extra commentary on race, adding "two other girls and one lady, um, which were Black."

In a third transcription, Whisper invented a non-existent medication called "hyperactivated antibiotics."

Researchers aren't certain why Whisper and similar tools hallucinate, but software developers said the fabrications tend to occur amid pauses, background sounds or music playing.

OpenAI recommended in its online disclosures against using Whisper in "decision-making contexts, where flaws in accuracy can lead to pronounced flaws in outcomes."

Transcribing doctor appointments

That warning hasn't stopped hospitals or medical centers from using speech-to-text models, including Whisper, to transcribe what's said during doctor's visits to free up medical providers to spend less time on note-taking or report writing.

Over 30,000 clinicians and 40 health systems, including the Mankato Clinic in Minnesota and Children's Hospital Los Angeles, have started using a Whisper-based tool built by Nabla, which has offices in France and the U.S.

That tool was fine tuned on medical language to transcribe and summarize patients' interactions, said Nabla's chief technology officer Martin Raison.

Company officials said they are aware that Whisper can hallucinate and are mitigating the problem.

It's impossible to compare Nabla's AI-generated transcript to the original recording because Nabla's tool erases the original audio for "data safety reasons," Raison said.

Nabla said the tool has been used to transcribe an estimated 7 million medical visits.

Saunders, the former OpenAI engineer, said erasing the original audio could be worrisome if transcripts aren't double checked or clinicians can't access the recording to verify they are correct.

"You can't catch errors if you take away the ground truth," he said.

Nabla said that no model is perfect, and that theirs currently requires medical providers to quickly edit and approve transcribed notes, but that could change.

Privacy concerns

Because patient meetings with their doctors are confidential, it is hard to know how AI-generated transcripts are affecting them.

A California state lawmaker, Rebecca Bauer-Kahan, said she took one of her children to the doctor earlier this year, and refused to sign a form the health network provided that sought her permission to share the consultation audio with vendors that included Microsoft Azure, the cloud computing system run by OpenAI's largest investor. Bauer-Kahan didn't want such intimate medical conversations being shared with tech companies, she said.

"The release was very specific that for-profit companies would have the right to have this," said Bauer-Kahan, a Democrat who represents part of the San Francisco suburbs in the state Assembly. "I was like 'absolutely not.'"

John Muir Health spokesman Ben Drew said the health system complies with state and federal privacy laws.

___

Schellmann reported from New York.

___

This story was produced in partnership with the Pulitzer Center's AI Accountability Network, which also partially supported the academic Whisper study.

___

The Associated Press receives financial assistance from the Omidyar Network to support coverage of artificial intelligence and its impact on society. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

___

The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP's text archives.

Continue Reading...

Popular

Trump Threatens Air Traffic Controllers Amid Shutdown Chaos; Pete Buttigieg Says He 'Wouldn't Last Five Minutes' in Their Job

President Donald Trump has demanded that all air traffic controllers return to work as the nation's aviation system endured another wave of mass flight cancellations, caused by staffing shortages due to the prolonged government shutdown.

Cathie Wood Dumps $2.4 Million Worth Of Tesla Stock, Doubles Down On These AI Stocks

Cathie Wood-led Ark Invest made significant trades involving Tesla, Pony AI, TSMC, and Baidu, highlighting their strategic positioning in tech & AI sectors.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

Bitcoin's Pullback Could Be Your Gain - Ad

More than 70 cryptos have recently outperformed Bitcoin and it's not the first time. During crypto's last bull market the top 100 coins NOT named Bitcoin went up by 174%. Now the signs show that it's happening again. This could be a chance to strike gold in some far corners of the crypto market.

Asian shares are mostly lower despite Wall St rally and a potential end to the US shutdown

BANGKOK (AP) — Asian shares were mostly lower on Tuesday as the recent rebound fueled by buying of technology shares lost steam.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

Shutdown to leave mark on US economy from lost paychecks, canceled flights

WASHINGTON (AP) — The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.

Retire Comfortably with These New Monthly Income ETFs? - Ad

Retirement should be freedom, not stress. Yet outdated advice and tiny returns leave many trapped. Kelly G. broke free with a revolutionary income strategy once reserved for the wealthy - hitting her "Freedom Number" faster than she dreamed. You might already have enough too.

Japan's SoftBank says it has sold its shares in Nvidia for $5.8 billion

TOKYO (AP) — Japanese technology company SoftBank Group Corp. said Tuesday that it has sold all the Nvidia Corp. shares that it owned for $5.83 billion, while it reported higher than expected profit in the first half of this fiscal year.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

New Number One Copper Start Alert - Ad

EVs and AI devour copper. Supply cannot keep up. A Quebec discovery with high grade, infrastructure, and cheap power is funded to drill through the year. Catalysts are lining up. Institutions are circling. Move now while it is still early.

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

NEW YORK (AP) — AT&T has reached a combined $177 million settlement over two . And impacted consumers have a little over a month left to file a claim for their chunk of the money.

What to know about the apartment tower fire in Hong Kong

HONG KONG (AP) — Hong Kong firefighters were making a final push to try and find any survivors from the city's , going apartment-to-apartment in the high-rise complex in an exhaustive search.

First Drug to Show Breakthrough Myocarditis Data. Analysts See Potential 7-10x Upside. - Ad

This biotech just delivered a medical first in myocarditis and has a Phase 3 trial fully funded into 2027. Wall Street targets imply massive revaluation ahead.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Wendy's to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

Nevada's Mining Renaissance Is Accelerating - And This Early Opportunity Is Well Positioned - Ad

Nevada's Walker Lane belt has produced 50M+ ounces of gold since the 1800s, and it's waking up again. One of the neighborhood's latest successes just secured over $6M in U.S. support and is up more than 300% YTD. Now a new early-stage explorer has moved in next door.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

Sweden promises action against illegal sex doll sales

BERLIN (AP) — The Swedish government promised on Friday to fight the sale of childlike sex dolls online after instances of such commerce had been reported earlier in the country.

The Next 'Ozempic Moment' Could Be in Heart Disease - Ad

Just as Ozempic rewrote the obesity playbook, this breakthrough data could transform how we treat inflammatory heart disease. Fully funded. Multiple catalysts. $280B market opportunity.

Analyst Sees Strong Medtronic Momentum Through 2026 With Buy Rating Intact

BofA expects Medtronic to post over 5% second-quarter revenue growth and maintain strong momentum through 2026, driven by robust procedure trends.

TSMC Ex-VP's Home Raided As Chip Giant Alleges Intel Recruit Leaked Trade Secrets

Taiwan prosecutors raided the homes of a former TSMC vice president accused of leaking advanced chipmaking secrets to Intel, a claim Intel firmly denies as the high-stakes investigation intensifies.

Urgent Copper Stock With Strong Catalysts - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Dan Ives Calls Nvidia The 'Indisputable Rocky Balboa' Of AI And Gene Munster Agrees As The Jensen Huang-Led Tech Giant Faces Rare November Slump

Despite a rare November stock pullback and rising competition from Google and Broadcom, analysts including Dan Ives and Gene Munster continue to hail Nvidia as the leading force in the AI chip market.

Gold Alert: Extraordinary Upside in One Stock (Not a Miner) - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Furor over editing of Trump speech sparks 'existential crisis' at the BBC

LONDON (AP) — The of two top bosses over the editing of a speech by U.S. President Donald Trump dealt a huge blow to the broadcaster, which is revered by some in Britain as a national treasure but derided by others as outdated and left-leaning.

FDA names longtime cancer scientist Pazdur to lead drug center

WASHINGTON (AP) — The Food and Drug Administration on Tuesday named a longtime regulator of cancer medicines to lead the agency's drug center, replacing the who was recently ousted after an .

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

DOJ Greenlights Strikes on Drug Boats, Citing Fentanyl as Potential Chemical Weapon

The DOJ has classified Fentanyl as a potential chemical weapon. This classification has led to the authorization of strikes on drug-smuggling boats.

Apple Announces Major Changes: New iPhone Models and Altered Release Schedule

Apple has announced plans to roll out three new iPhone models within the next three years, marking a major transformation in the history of the device.

Bitcoin's Pullback Could Be Your Gain - Ad

More than 70 cryptos have recently outperformed Bitcoin and it's not the first time. During crypto's last bull market the top 100 coins NOT named Bitcoin went up by 174%. Now the signs show that it's happening again. This could be a chance to strike gold in some far corners of the crypto market.

China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President during recent talks with Chinese leader as they aimed to .

Samsung Hikes Key Chip Prices 60% To Keep Up With AI Boom 'Panic Ordering'

Samsung Electronics (OTC: SSNLF) has hiked prices on key memory chips by up to 60% since September due to high demand and supply shortage.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

Dogecoin Cheers Debut Of ETF That Aims To Multiply Its Returns: 'Much Congrats'

Dogecoin (CRYPTO: DOGE) cheered the launch of a new exchange-traded fund on Wall Street on Thursday that aims to provide leveraged exposure to the popular meme coin

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service