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03 Oct 2024

MIT Economist Warns: AI Can Only Handle 5% of Jobs, Fears Potential Market Crash

Daron Acemoglu, a renowned MIT economist, cautions against the AI hype, predicting it will only impact 5% of jobs in the next decade. He warns of potential economic consequences and a possible tech stock crash due to overinvestment in AI.

7 Sources

AI Assistants Inadvertently Sharing Confidential Information in Workplace Settings

AI-powered transcription services are causing privacy concerns by recording and sharing confidential conversations in professional settings, highlighting the need for better understanding and control of AI tools in the workplace.

5 Sources

OpenAI's Record-Breaking $6 Billion Funding Round Raises Questions About AI Development and Regulation

OpenAI secures a historic $6 billion in funding, valuing the company at $157 billion. This massive investment comes amid concerns about AI safety, regulation, and the company's ability to deliver on its ambitious promises.

7 Sources

GitLab Faces Class Action Lawsuit Over Alleged AI Misrepresentations

Multiple law firms have filed class action lawsuits against GitLab Inc., alleging the company made false claims about its AI capabilities, leading to significant stock price drops.

6 Sources

02 Oct 2024

OpenAI Unveils New Voice and Vision Tools for Developers, Enhancing AI Application Creation

OpenAI introduces a suite of new tools for developers, including real-time voice capabilities and improved image processing, aimed at simplifying AI application development and maintaining its competitive edge in the AI market.

5 Sources

01 Oct 2024

Airship AI Secures Multiple Contracts for AI-Driven Surveillance Solutions

Airship AI Holdings, Inc. has been awarded contracts totaling $5.2 million from the Department of Homeland Security and a Fortune 100 company for its AI-driven surveillance and data management platforms.

5 Sources

California Governor Vetoes Controversial AI Safety Bill, Sparking Debate on Regulation

California Governor Gavin Newsom's veto of Senate Bill 1047, a proposed AI safety regulation, has ignited discussions about balancing innovation with public safety in the rapidly evolving field of artificial intelligence.

9 Sources

Tesla's Robotaxi Unveiling: High Stakes and Skepticism Ahead of Elon Musk's Hollywood Presentation

Tesla CEO Elon Musk is set to unveil plans for the company's much-anticipated robotaxi, dubbed 'Cybercab', at Warner Bros Hollywood studio. The event has reignited investor interest despite cooling EV market expectations, but analysts remain cautious about immediate deliverables.

9 Sources

Hurricane Helene Disrupts Global AI Chip Supply Chain by Shutting Down Critical Quartz Mines

Hurricane Helene has caused severe flooding in North Carolina, shutting down two crucial mines that produce high-purity quartz, a vital component in semiconductor manufacturing. This disruption could potentially impact the global supply of AI chips and other electronic devices.

8 Sources

Cerebras Files for IPO, Challenging Nvidia's AI Chip Dominance

Cerebras Systems, an AI chip startup, has filed for an IPO, positioning itself as a potential competitor to Nvidia in the AI computing market. The company's unique wafer-scale engine technology and recent financial growth have drawn attention in the tech industry.

11 Sources

OpenAI Faces Leadership Exodus Amid Strategic Shift and Funding Negotiations

OpenAI experiences a significant brain drain as key technical leaders depart, raising questions about the company's future direction and ability to maintain its competitive edge in AI research and development.

3 Sources

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