🤞 Tech Titans and US Congress discuss AI regulation
PLUS: The ChatGPT Podcast Prompt
Martin Crowley & Arturo Ferreira
September 14, 2023
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Today:
Tech Titans and US Congress discuss AI regulation—fail to meet conclusion?
Read Time: 4 minutes
Our Report: Yesterday the U.S. Senate held a closed-door meeting discussing the need for governmental regulation on AI. Whilst the consensus reached was that there is a need for AI regulation, the specific regulatory details still remain unspecific.
🔑 Key Points:
The private forum was organized by Senate Majority Leader Chuck Schumer, attended by notable figures like Elon Musk, Mark Zuckerberg, Bill Gates, and Sundar Pichai—and aimed to understand the industry perspective on AI regulation.
Ideas included creating an independent agency for AI oversight, ensuring transparency from companies, and staying ahead of global competitors like China.
Musk highlighted the need for a "referee" in the rapidly evolving sector, with other discussions revolving around existential risks, the debate between closed vs. "open source" AI models, and potential licensing requirements.
Proposals for AI regulations include legislation to mandate disclaimers for AI-generated deceptive election ads and whilst tech companies largely support the idea of AI regulations, a clear direction or consensus on the specifics is missing.
🤨 Why you should care: The U.S. government's approach to AI regulation will significantly impact the tech industry's future, dictating how AI evolves and is utilized in both the commercial and public sectors.
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Adobe has launched new AI features including generative fill alongside a corresponding price hike for subscriptions, starting in November from $2 to $5 monthly.
Notably, Adobe has assured copyright safety for AI-generated content and plans to financially reward contributors to its stock imagery database, introducing an annual bonus based on AI training utility.
The EU plans to provide AI startups with access to its high-performance computing (HPC) supercomputers for training AI models so long as startups align with the EU's AI governance standards.
The initiative was announced during the annual ‘State of the Union’ address and builds on existing policies allowing industries—aiming to foster ethical and responsible AI development.
Amazon just launched generative AI tools, built using LLMs, to aid sellers in crafting product descriptions, titles, and listing details—which will ultimately save them time and money.
Whilst concerns exist about potential inaccuracies and false information generation, Amazon must stay ahead of the curve as eBay & Shopify already have similar tools.
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🤝 Google announces Data Commons—makes data publicly available
📰 AI news app—Artifact—boasts a new upgrade with a links feature
🇪🇸 Spanish med-tech firm raises €10M to advance AI in medicine
🩻 Study finds ChatGPT could reduce hospital wait times
🎶 StabilityAI launches AI-powered music generator
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Until next time, Martin & Arturo.
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