Tech Giants Turn to Synthetic Data for AI Advancements

Tech Giants Turn to Synthetic Data for AI Advancements
This week in AI, synthetic data has gained prominence as OpenAI launched Canvas, enhancing ChatGPT with a new workspace feature powered by its fine-tuned GPT-4o model. The model was improved using synthetic data generation techniques, eliminating the need for human-generated data. Meta also adopted synthetic data for its Movie Gen tools, demonstrating a trend among tech giants. However, reliance on synthetic data poses risks of biases and inaccuracies, leading experts to stress the importance of careful curation. As real-world data costs rise, synthetic data may become essential for AI development.