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☆ The Harvard students who added AI facial recognition to Meta glasses share some of their other big ideas
▼ + stars: | 2024-10-13 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The two Harvard students who put facial recognition AI in Meta's Ray-Ban glasses have big ideas. The duo, AnhPhu Nguyen and Caine Ardayfio, are known for their innovative tech projects. AdvertisementTwo Harvard students spooked the world with their demonstration of facial recognition using Meta Ray-Bans. They also built AI into augmented reality glasses that can fact-check a user's statement during an argument in real time. Ardafiyo and Nguyen have big ideas for AI products in manufacturing, construction, and industrial tech spaces, they told BI.

Persons: Meta's, AnhPhu Nguyen, Caine Ardayfio, —, Meta Ray, Nguyen, Ardayfio, Ardafiyo, Anthropic's Claude, haven't, Ardifiyo, Adifiyo, That's Organizations: Harvard, Service, Meta Locations: Meta's Ray

☆ Why The New York Times' lawyers are inspecting OpenAI's code in a secretive room
▼ + stars: | 2024-10-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Lawyers for The New York Times are poring through ChatGPT's source code and training material. It is there to be inspected by lawyers for The New York Times. The Times' lawyers can share their notes with up to five outside consultants to help them understand what the code does. That text includes stories from The New York Times, articles from other publications, and an untold number of copyrighted books. OpenAI similarly used high-quality, well-researched, well-written, and fact-based New York Times articles to make ChatGPT so impressive, the Times argues.

Persons: morass, —, Sam Altman, Susman Godfrey, Mother Jones, George RR Martin, Jodi Picoult, Nehisi Coates, Kristelia García, Axel Springer, García, OpenAI, Justin Nelson, Godfrey, Nelson, Daniel Ek, Sean Parker, Matthew Sag, poring, Christa Laser Organizations: The New York Times, Service, Times, Publishers, Fox News, The New York Daily News, Georgetown University Law, Business, New York Times, Microsoft, Napster, Anthropic, OpenAI, Spotify, Emory University, America, Cleveland State University Locations: United States, Manhattan

☆ OpenAI is accusing Elon Musk of harassing the startup. It's the latest escalation in a long-running feud.
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI has fired back at Elon Musk's latest lawsuit. Musk's lawyers have argued that OpenAI executives "deceived" him into cofounding the company. AdvertisementIn response to Musk's lawsuit, OpenAI called it the latest move in Musk's "increasingly blusterous campaign to harass OpenAI for his own competitive advantage." "OpenAI is dedicated to the safe and beneficial development of artificial general intelligence ("AGI")," OpenAI's lawyers said in a court filing on Tuesday. A long-running feudIn March, Musk first sued OpenAI on similar grounds but later dropped the suit in June.

Persons: OpenAI, —, Musk, Tesla, Sam Altman, He's, xAI, Ilya Sutskever's, Mira Muta, Ilya Sutskever Organizations: Elon, Service, Musk, Business, Microsoft Locations: Musk's

☆ AI startup Writer, currently fundraising at a $1.9 billion valuation, launches new model to compete with OpenAI
▼ + stars: | 2024-10-09 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

San Francisco-based AI startup Writer debuted a large artificial intelligence model Wednesday to compete with enterprise offerings from OpenAI, Anthropic and others. The company cuts costs using synthetic data, or data created by AI. Waseem Alshikh, Writer's co-founder and CTO, told CNBC that Writer has been working on its synthetic data pipeline for years. The generative AI market is poised to top $1 trillion in revenue within a decade. To date in 2024, investors have pumped $26.8 billion into 498 generative AI deals, according to PitchBook, and companies in the sector raised $25.9 billion in 2023, up more than 200% from 2022.

Persons: May Habib, That's, It's, Waseem, Writer's, Alshikh Organizations: Work Summit, Porsche, Raffles London, CNBC, Meta, Microsoft, Accenture, Uber, L'Oreal, Vanguard Locations: London, England, San Francisco, OpenAI, Anthropic

☆ Anthropic's power players: Here are the 11 leaders helping shape the future of the Amazon-backed AI company
▼ + stars: | 2024-10-09 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +10 min

It's sought to position itself as the safer, more responsible AI company. She, along with her brother Dario, was part of the team that left OpenAI with the goal of creating a more responsible AI company. Krishna Rao, Chief Financial OfficerAs any emerging AI company can attest, conducting groundbreaking research isn't enough. In this role, he's building deep relationships with users and helping to turn Anthropic's research into a mass-market product. These capabilities are essential to Anthropic's positioning of itself as the safer AI company.

Persons: Anthropic, It's, —, OpenAI's, Dario Amodei, Amodei, Dario, Daniela Amodei, She's, Jack Clark ,, Clark, Jared Kaplan, Kaplan, Chris Olah, Sam McCandlish, McCandlish, Tom Brown, Brown, Krishna Rao, Rao, Mike Krieger, São Paulo, Krieger, Claude, Brian Israel, it's, Brian, Sam Bowman, Bowman, Jan Leike Organizations: Service, OpenAI's ChatGPT, Google, Princeton University, Hertz, Stanford University School of Medicine, sager, Bloomberg, Harvard, Johns Hopkins University, Research, Organization, Core Resources, Stanford University, Brandeis University, Core, Blackstone, Bain & Company, Anthropic, State Department, NASA Locations: OpenAI, Anthropic, Airbnb, São, Menlo Park, San Francisco, New York, Israel

☆ Former Humane execs secure $25 million valuation after departing AI hardware startup
▼ + stars: | 2024-10-08 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

Two former executives of Humane, the embattled AI hardware startup, are reemerging with a new artificial intelligence software venture that has raised $4 million at a $25 million valuation. He and Hartley Moy are marketing the startup toward enterprise customers in industries like finance, insurance, SaaS, healthcare services and media. "It really came down to the opportunity that we saw in the enterprise side of the house," Hartley Moy, Infactory's CEO, told CNBC. But the two's departure had to do with the business opportunities they saw when working at Humane, Hartley Moy said. WATCH: Former Apple designers launch $700 Humane AI Pin as smartphone replacement

Persons: Brooke Hartley Moy, Ken Kocienda, Kocienda, Hartley Moy, Sam Altman, Marc Benioff, Slack, Andreessen Horowitz, Infactory, Ohtani Organizations: Humane, CNBC, HP, Microsoft, Tiger Global, Google, Apple, Bee Partners, SPV Locations: Salesforce

☆ Elon Musk's childhood fascination with sci-fi motivates his desire to lead the AI race, biographer Walter Isaacson says
▼ + stars: | 2024-10-07 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Walter Isaacson said Elon Musk's AI motives likely stem from early ambitions inspired by sci-fi themes. Isaacson said Musk told him he wanted to start an AI company because he didn't trust Sam Altman. "He's telling me, 'I'm gonna start from scratch an AI company 'cause I don't trust Sam Altman,'" Isaacson recalled in an interview with CNBC's Squawk Box published Friday. The AI company competes directly with OpenAI, which he helped found and fund before a reported falling out. Isaacson, Musk, and xAI did not immediately respond to a request for comment from Business Insider.

Persons: Walter Isaacson, Elon, Isaacson, Musk, Sam Altman, —, Elon Musk, lounging, CNBC's, he's, Isaac Asimov, He's, Isaac Asimov's, Douglas Adams, Altman, OpenAI, they're, xAI Organizations: Service, Twitter, SpaceX, Yorker, Business Locations: Austin

☆ FTX creditors will make money on bankruptcy: $1.19 for every dollar
▼ + stars: | 2024-10-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Ray, who also shepherded Enron through bankruptcy, added that the estate is working to finalize arrangements to make distributions to creditors around the world. FTX previously estimated that it owes creditors around $11.2 billion. According to the plan approved by Delaware bankruptcy Judge John Dorsey, 98% of FTX's creditors will get 119% of the amount of their allowed claim as of November 2022, when the exchange filed for bankruptcy protection. The bankruptcy estate says it will make a separate announcement about the date the payout plan will go into effect and when it anticipates the start of distributions.

Persons: FTX spiraled, John Ray, Ray, John Dorsey, FTX, Sam Bankman, Fried, — CNBC's Dan Mangan, Caroline Ellison Organizations: Enron, Alameda Research, Amazon Locations: Delaware, Anthropic

☆ Tim Tully taught himself to code at age 6 and still codes daily. Here's how computer science took him from startups to AI investing at Menlo Ventures.
▼ + stars: | 2024-10-07 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

He joined VC firm Menlo Ventures in 2021 and has invested in generative AI startups like Pinecone. Using his technical expertise as a former programmer and CTO, Tully is helping amass an impressive portfolio of AI startups at Menlo Ventures. He's also written code as a way to help win over startups in the broader Menlo Ventures portfolio. That helped seal the deal, and Ionita led Orb's $14 million Series A funding round. While Menlo has been bolstering its portfolio with AI infrastructure startups, Tully said he's excited these days about opportunities at the application layer.

Persons: Tim Tully, —, Tully's, Tully, He's, Warby Parker, Roku, Uber, Jess Lee, I've, Naomi Pilosof Ionita, Ionita, he's, legaltech –, Eve Organizations: Yahoo, Menlo Ventures, Service, Venture, Apple, Menlo, Bay Area, Data Systems, Oracle, AOL, Huffington, Sequoia Locations: Bay, Splunk, –

☆ Top Wall Street analysts favor these stocks for attractive long-term potential
▼ + stars: | 2024-10-06 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Nonetheless, investors could benefit by ignoring short-term noise and tracking the recommendations of top Wall Street analysts to pick stocks with attractive long-term growth potential. (See CYBR Hedge Fund Activity on TipRanks)Uber TechnologiesWe move to the ride-sharing and food delivery platform Uber Technologies (UBER). After hosting meetings with the company's management, JPMorgan analyst Doug Anmuth reaffirmed a buy rating on UBER stock with a price target of $95. Uber expects its grocery ad business to account for 5% of gross bookings over time. (See UBER Stock Buybacks on TipRanks)Meta PlatformsThis week's third stock pick is social media company Meta Platforms (META).

Persons: Matthew Hedberg, Hedberg, TipRanks, Doug Anmuth, Anmuth, Uber, Baird, Colin Sebastian, Sebastian, Claude, OpenAI's ChatGPT Organizations: Wall, RBC Capital, TAM, JPMorgan, Mobility, Meta, Meta Connect, Reality Labs

☆ There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
▼ + stars: | 2024-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +8 min

There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.

Persons: Cerebras, —, Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley, —

☆ OpenAI's latest funding round could be a bargain or a bust for investors
▼ + stars: | 2024-10-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The high-profile startup announced the closing of a $6.6 billion funding round that valued it at $157 billion. And more exits could be coming since OpenAI is reportedly working on allowing its employees to sell their shares in the company . Win McNamee and Didem Mente/Anadolu Agency via Getty Images; Jenny Chang-Rodriguez/InsiderIt's important to remember OpenAI's eye-popping valuation is just that … a valuation. Which gets us back to $157 billion OpenAI.

Persons: —, Elon Musk's, Josh Kushner's, Cathy Wood's, Chase, Here's, Mira Murati, Kevin Weil, Rob Price, OpenAI, Sam Altman, Win McNamee, Didem, Jenny Chang, Rodriguez, Brad Gerstner, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Elon, Elon Musk's SpaceX, Venture, Microsoft, Nvidia, Anadolu Agency, Getty, Big Tech Locations: Silicon Valley, New York, London

☆ Here's where OpenAI's 11 cofounders are now
▼ + stars: | 2024-10-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +7 min

Most of OpenAI's cofounders have left the startup, with some going to rivals. Here's where all 11 of its cofounders are now and how many remain at the $157 billion company. Here's where all of the 11 cofounders are now. According to her LinkedIn profile, she used to work at Facebook as an AI research engineer before joining Stripe as a software engineer in 2016. OpenAI and none of its 11 cofounders immediately responded to Business Insider's requests for comment, made outside normal working hours.

Persons: it's, Sam Altman, —, OpenAI, Mira Murati, Barret Zoph, Bob McGrew, Ilya Sutskever, John Schulman, Anthropic, Jason Redmond, Altman, John Schulman Schulman, OpenAI's, Jan Leike, Schulman, Wojciech Zaremba Zaremba, Zaremba, Ekon, Musk, Ilya Sutskever Ilya Sutskever, JACK GUEZ, Getty Sutskever, Sustkever, Sustskever, Greg Brockman Brockman, he's, Kingma, Andrej Karpathy Andrej Karpathy, Karpathy, Vicki Cheung Cheung, Elon, Elon Musk, ALAIN JOCARD, Brockman, cofounding OpenAI, Pamela Vagata Vagata, Trevor Blackwell Blackwell, cofounders Organizations: Here's, Service, Getty, OpenAI's Superalignment, OpenAI, Inc, Google DeepMind, Anthropic, Tesla, San Francisco Chronicle, Hearst Newspapers, Getty Images Research, Eureka Labs, SpaceX, The Boring Company, Facebook Locations: AFP, OpenAI, cofounding, Pebblebed

☆ AI coding tools mean there are no more junior software developers
▼ + stars: | 2024-10-03 | by ( Helen Li | ) www.businessinsider.com time to read: +8 min

AI coding tools like GitHub Copilot have transformed software development and productivity. AdvertisementBefore he graduated from university, Jacob Jackson founded the AI coding assistant TabNine in 2018. In the past two years, there has been a boom in AI coding assistants. The spike in ChatGPT usage and AI coding assistants has shifted how software developers do their jobs. AdvertisementAI assistants can empower codersMost generative AI coding assistants focus on auto-completion, meaning that the tool suggests code as the programmer types.

Persons: —, Jacob Jackson, TabNine, Jackson, Claude, Nikolas Gauvreau, Dan Boneh, Kevin Baragona, Baragona, Gauvreau, he's, David Malan, Malan Organizations: Software, Service, Microsoft, Accenture, Developers, Stanford University, Harvard University, Activision Blizzard Locations: OpenAI, Canada, Brazil, Germany, India

☆ Everyone wants to know what AI is worth. One investor looked to the past for the $20 trillion answer.
▼ + stars: | 2024-10-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Miller's team compared AI's growth with past tech waves, finding consistent growth rates. In fact, the generative-AI wave looks a lot more like past tech waves than its revolutionary capabilities would suggest. That "rule of three" theory puts the value of the AI wave at about $20 trillion. Miller likened the AI wave to the mobile wave in about 2009, when there were few applications for the iPhone. "So the question is if compute is the primary underlying driver of economic activity, economic growth, economic opportunity, then there's an argument that it's actually bigger."

Persons: Ben Miller, Miller, Nvidia wouldn't, —, Jensen Huang, Everybody's, Anthropic's Claude, Fundrise, shortsighted, it's, We'll, they're Organizations: Nvidia, Service, Cisco, Intel, Business, Adobe, AMD, Meta, Microsoft, Bloomberg, IDC

☆ OpenAI has secured a $157 billion valuation. Now comes the hard part.
▼ + stars: | 2024-10-03 | by ( Hasan Chowdhury | Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

OpenAI is now worth $157 billion, but it can't rest easy yet. Now comes the hard part: emerging victorious in a fiercely competitive AI industry. Though Sam Altman's company cemented its status as a frontrunner in the generative AI boom this week, securing a new $157 billion valuation after raising $6.6 billion of fresh capital from marquee investors, its leading position is hardly guaranteed. Sure, Altman's company now casts a massive shadow over the industry with its fresh $157 billion valuation. AI companies have been spending huge sums to purchase chips from Jensen Huang's Nvidia.

Persons: OpenAI, —, Sam Altman's, Sam Altman, Andrew Caballero, Reynolds, Altman, Elon Musk's, Ilya Sutskever, Nathan Benaich, Dario Amodei, Jensen, Jeff Chiu, Benaich, it's, VCs Organizations: Service, Valley's, Financial, Nvidia, SoftBank, Microsoft, Elon, Air Street Capital, The New York Times, Google, Big Tech, Meta Locations: Silicon Valley, AFP

☆ Elon Musk called OpenAI 'evil' for telling investors not to fund his company and other rivals
▼ + stars: | 2024-10-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

OpenAI just secured $6.6 billion in its latest funding round. The company asked investors not to back its rivals like Elon Musk's xAI, per Reuters. Musk, who is in an ongoing feud with OpenAI, called the company "evil." That funding round, which included big-name investors like Thrive Capital, Microsoft, and Nvidia, had a stipulation that Musk isn't so happy with: Don't support OpenAI's rivals. Some of OpenAI's investors have already backed other AI startups.

Persons: OpenAI, Elon Musk's, Musk, —, Elon Musk, Sam Altman, Anthropic, Ilya Sutskever's, Musk's, Altman Organizations: Elon, Elon Musk's xAI, Reuters, Service, Microsoft, Nvidia, Financial Times, OpenAI, Street Locations: OpenAI

OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.

Persons: —, Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates

☆ OpenAI's rivals are on the prowl after an exodus of high-level executives
▼ + stars: | 2024-10-02 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +7 min

Investors are flocking to OpenAI, but it's losing high-level executives at an alarming rate. Suddenly, it's open season for OpenAI employees. Rivals like Anthropic and Perplexity are signaling to workers that they put mission over profits. Suddenly, it's starting to feel like open season for OpenAI employees. A recruiter said his search firm has fielded more interest from current OpenAI employees since the board's ouster of Sam Altman a year ago.

Persons: —, Mira Murati, Ilya Sutskever, Andrej Karpathy, John Schulman, Greg Brockman, Alex Klein, he's, Dan Miller, Tim Tully, Sam Altman, Jason Redmond, weren't, Klein, OpenAI, Jack Guez, Anthropic, Jan Leike, Schulman, Durk Kingma, Kingma, Matt Murphy, Arvind Jain, Jain, Matt Hoffman, Johnny Ho, Ho Organizations: Rivals, Service, OpenAI, LinkedIn, Menlo Ventures, Ark Venture Fund, Business, Getty, Google, Anthropic, Employees, Engineers Locations: OpenAI, AFP, Bay

☆ Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round
▼ + stars: | 2024-10-02 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +2 min

Cathie Wood's Ark Venture Fund invested at least $250 million in this new round. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of its total assets. AdvertisementCathie Wood's Ark Venture Fund has agreed to invest at least $250 million in OpenAI's latest funding round, three people familiar with the round said. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of the fund's total assets, according to its website. On Wednesday, a retail investor shared a screenshot of what appears to be an email she received from Ark Venture Fund informing her of its new OpenAI investment.

Persons: OpenAI, —, Ark, Musk Organizations: Ark Venture Fund, Ark Venture, Service, Microsoft, Tiger Global, Nvidia, Khosla Ventures, United, United Arab Emirates Locations: Abu Dhabi, United Arab, xAI

☆ Amazon recently rolled out a new AI chatbot that is 'safer than ChatGPT' for employees to use
▼ + stars: | 2024-10-01 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon recently launched Cedric, an internal AI chatbot, to boost employee productivity. Amazon has repeatedly warned employees not to use third-party AI chatbots, including ChatGPT. Cedric is a "general purpose AI chatbot" that is "safer than ChatGPT," an internal document obtained by BI said. Earlier this year, Amazon formalized internal guidelines that ban external AI tools, including ChatGPT, for business purposes. Approved for 'highly confidential data'Cedric is one of the many AI tools Amazon recently launched or is building internally.

Persons: Cedric, —, It's, Amazonians, it's, JP Morgan Chase, That's, Claude, Cedric doesn't Organizations: Amazon, Service, BI, ChatGPT Enterprise, Enterprise, archrival Microsoft, ChatGPT, Apple, Samsung, Cedric, Software, Amazon Web Services Locations: OpenAI

☆ Amazon quietly rolled out a new AI chatbot that is 'safer than ChatGPT' for employees to use
▼ + stars: | 2024-10-01 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon recently launched Cedric, an internal AI chatbot, to boost employee productivity. Cedric is a "general purpose AI chatbot" that is "safer than ChatGPT," according to an internal document obtained by BI. Cedric's goal is to help Amazon employees increase their productivity and job satisfaction as external AI tools are not available for security reasons, the document added. Earlier this year, Amazon formalized internal guidelines that ban external AI tools, including ChatGPT, for business purposes. Approved for 'highly confidential data'Cedric is one of the many AI tools Amazon recently launched or is building internally.

Persons: Cedric, —, It's, Amazonians, it's, JP Morgan Chase, Claude, Cedric doesn't Organizations: Amazon, Service, BI, ChatGPT Enterprise, Enterprise, Microsoft, ChatGPT, Apple, Samsung, chatbot, Cedric, Software, Amazon Web Services Locations: OpenAI

☆ Big Tech just notched a huge win in California with an AI bill veto
▼ + stars: | 2024-09-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Gavin Newsom vetoed an artificial intelligence safety bill on Sunday. Gavin Newsom vetoed an artificial intelligence safety bill on Sunday, a win for AI heavyweights like OpenAI and Big Tech companies that lobbied against it. The debate in California reflects the challenge governments face walking the fine line between allowing tech companies to innovate while protecting against new potential risks. Elon Musk, who founded AI company xAI last year, said last month that although it was "a tough call and will make some people upset," he thought "California should probably pass the SB 1047 AI safety bill." Several former OpenAI employees also supported the safety bill and said that OpenAI's opposition to the bill was disappointing.

Persons: Gavin Newsom, Newsom, —, Sen, Scott Weiner, Wiener, didn't, Charles Schwab, Rob Sherman, Marc Andreessen, Andreessen Horowitz, Newsom's, Jason Kwon, Meta, Elon Musk, xAI, Dario Amodei, William Saunders, Daniel Kokotajlo Organizations: Service, Big Tech, Chevron, Tesla, Oracle, Venture Capital Locations: California, Silicon Valley

☆ VCs are rushing to meet with former OpenAI CTO Mira Murati in hopes of funding a new company
▼ + stars: | 2024-09-30 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Mira Murati announced her departure from OpenAI last week. In an X post, Murati wrote, "I'm stepping away because I want to create the time and space to do my own exploration." AdvertisementVenture capitalists are clamoring to meet with Mira Murati, the former CTO of OpenAI, as Silicon Valley expects her to start her own company soon. In a X post, Murati announced her departure from OpenAI last week. Murati wrote, "My six-and-half years with the OpenAI team have been an extraordinary privilege…There's never an ideal time to step away from a place one cherishes, yet this moment feels right."

Persons: Mira Murati, OpenAI, Murati, Ilya Sutskever, —, … There's, Andrej Karpathy, Anthropic, Dario Amodei, Aravind Srinivas, Sam Altman, Mira, Bob McGrew, Barret Zoph, –, Altman, Wojciech Zaremba, Zaremba Organizations: Service, Venture, Business, OpenAI, Eureka Labs, San, supercomputing, Tesla, Microsoft, Altman, Reuters Locations: Silicon, OpenAI, San Francisco

☆ California governor vetoes contentious AI safety bill
▼ + stars: | 2024-09-29 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Reuters —California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. The AI industry is growing fast in California and some leaders questioned the future of these companies in the state if the bill became law. Developers of AI software operating in the state would have also needed to outline methods for turning off the AI models, effectively a kill switch. Alphabet’s Google, Microsoft-backed OpenAI and Meta Platforms, all of which are developing generative AI models, had expressed their concerns about the proposal. Newsom separately signed legislation requiring the state to assess potential threats posed by Generative AI to California’s critical infrastructure.

Persons: Gavin Newsom, Newsom, Scott Wiener, Wiener, ”, ” Newsom, Biden, “, Nancy Pelosi, Elon Musk, Anthropic Organizations: Reuters, Democratic, Congress, Google, Microsoft, U.S, Tesla Locations: California, U.S, ”

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