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House Democrat’s bill seeks to mandate AI disclosure
⚡ Today’s Highlights
📰 News: House Democrat’s bill seeks to mandate AI disclosure
💰 Funding: Advocate and Dumme
🦾 Tools: Convert drawings into React components or apps using the power of generative AI
📅 Events: Data Science Salon NYC is happening this Wednesday and Thursday!
📰 Today's Top Stories
(5 min read) (Source: Axios)
TLDR: Representative Ritchie Torres is introducing legislation that would mandate disclaimers for generative AI products, aiming to address concerns about fraud and maintain healthy political discourse.
The bill is part of a broader effort by Congress to regulate AI, recognizing its potential for both societal advancement and harm. A bipartisan group of senators, including Chuck Schumer, is also working on comprehensive AI legislation.
The proposed legislation requires generative AI outputs to include a disclaimer stating they were generated by artificial intelligence, with enforcement falling under the jurisdiction of the Federal Trade Commission.
Torres emphasizes the need for AI regulation and sees disclosure as a fundamental step towards addressing the challenges posed by AI, acknowledging that it is just the beginning of a longer regulatory journey. The bill's details are expected to be included in a larger legislative package.
(7 min read) (Source: Axios)
TLDR: Apple's highly anticipated mixed reality headset unveiling is happening today amidst the AI frenzy in the tech industry, putting pressure on the company to showcase its role in the new world of generative AI tools.
Will this release demonstrate the fruits of Apple’s (so far) secretive labours to update its services and devices in the new and ever-changing AI landscape?
The success of Apple's headset will rely on exciting consumers about the category again, addressing key issues like cost, battery life, and content availability, while potentially (hopefully) leveraging its privacy-centric image to offer secure, generative AI experiences.
(2 min read) (Source: Google Blog)
TLDR: Google is introducing a new AI-powered feature to improve search accuracy in Gmail for mobile users. The "top results" section will leverage Google's machine learning algorithms to analyze search terms and recent emails, aiming to provide relevant and accurate results.
The feature, which was highly requested by users, will be gradually rolled out to all mobile users of Gmail over the next two weeks.
(4 min read) (Source: Nikkei Asia)
TLDR: Japan's privacy watchdog has issued a warning to OpenAI, the Microsoft-backed startup behind ChatGPT, cautioning against the collection of sensitive data without proper permission.
The warning follows Japan's contentious decision not to enforce copyrights on data used in AI training, allowing AI systems to utilize various data sources for both non-profit and commercial purposes.
As regulators globally work to establish rules for generative AI, Japan is making high-impact decisions that impact the balance of privacy concerns with the potential benefits of AI, including innovation acceleration and addressing challenges like climate change.
💰 Funding Alerts
1. Advocate, an AI-driven platform that simplifies the process of applying for government benefits, raised over $4 million in seed funding, with Lerer Hippeau (Caitlin Strandberg, Partner) leading the financing round and Khosla Ventures also participating.
Advocate is focused on helping workers and veterans access the benefits they've earned.
With the funds, Advocate plans to leverage innovative technology to streamline and simplify the application process for benefits. They will ensure accurate and comprehensive case filings that comply with government regulations.
2. Dumme, an AI-driven video editing startup helping transform long-form content into short videos, raised a seed round of $3.4 million, led by Y Combinator, Caffeinated Capital, Max and Nellie Levchin (through SciFi VC), Suhail Doshi, Nico Chinot, Protocol Labs, Chris Puscasiu, and other angel investors.
Dumme’s product is specifically designed to transform long-form content into short videos for platforms like YouTube Shorts, TikTok, and Instagram Reels
With the funding, Dumme intends to further develop and refine its AI-powered video editing technology. The company aims to save editing time and deliver high-quality short videos, outperforming traditional human video editing processes. They also plan to expand their user base and launch their product publicly to meet the demand from video creators.
🦾 Trending Tools
Quest AI converts drawings into React components or apps using the power of generative AI. Generate clean and extendable code based from wireframes or Figma designs. Simplify your design-to-dev workflow.
Market Test by Conjointly helps you validate both human and AI-generated creative assets in just two hours. Get real consumer feedback, while performing fast, reliable, and agile testing to ensure the quality of your content.
Coefficient’s AI Copilot supercharges Google Sheets with GPT-powered AI tools for data connection, report building, and automatic data analysis. Unleash the power of GPT in your spreadsheets.
Zendesk AI by Caffeinated CX superpowers support teams on Zendesk. Support reps using Caffeinated CX resolve 3x as many tickets in the same amount of time.
👀 More Reading:
Competition concerns in the age of AI (TechCrunch)
Should We, and Can We, Put the Brakes on Artificial Intelligence? (The New Yorker)
Who Is Liable for A.I. Creations? (The New York Times)
The tech industry was deflating. Then came ChatGPT. (The Washington Post)
🌎 Fresh Content
1. Lex Fridman recently sat down with Chris Lattner, a legendary software and hardware engineer leading projects at Apple, Tesla, Google, SiFive, and Modular AI, to discuss the future of programming and how AI will change it forever. (YouTube)
2. NPR released their first podcast created using AI. This episode of Planet Money was written by AI and then created using the AI-cloned voice of NPR journalist and Planet Money host Robert Smith. (NPR)
📅 Upcoming Events
Don’t miss Data Science Salon NYC (June 7-8, 2023 / New York, NY, USA + Virtual), the annual one-day 150-person conferences focused on AI and machine learning applications in finance & technology (June 7) and media & advertising (June 8). Finance & Technology takes place at S&P Global Market Intelligence and Media & Advertising takes place at Blender Workspace in the heart of NoMad. The events bring local industry leaders and specialists face-to-face to educate each other on innovative solutions in artificial intelligence, machine learning, predictive analytics and acceptance around best practices. Register today to attend in-person or virtually!
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AI Integration Strategist
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Prompt: "Let's pretend you're an AI strategy consultant, ChatGPT. I'm contemplating on adopting more AI into my business operations. Could you provide me with a vision of what my business model could evolve into with this change? Begin with your strategic analysis and confirm your readiness by saying 'Ready to strategize on AI.' Subsequently, you may ask me for further details about my business to construct your advice."