#35 Altman wants the US to lead AI development

AI in congress, AI in colleges, AI in Hollywood - AI everywhere.

There’s some big news in this issue, so without further ado, let’s dive in.

In today’s newsletter:

• Top News: Altman appeals to congress, billionaire Japanese millennial, and AI in colleges is beating professors

• TL;DR Rundown: The perfect body (according to AI), Tom Hanks will keep acting after he dies, and Hippocratic raises $50M to power bot workforce

• Tool of the day: Never lose another idea, ever

• Compute for AI regulation: Is the solution right under our noses?

• Guardrails: Just keep reminding them you’re a chatbot 

Top News 🔝
Three biggest stories if you’re in a rush

OpenAI Chief Urges Democratic Leadership for AI Technology

 At a congressional hearing earlier this week, OpenAI CEO Sam Altman stated:

“I think if this technology goes wrong, it can go quite wrong…we want to work with the government to prevent that from happening.”

Altman is, of course, talking about AI technology, and its potential downsides if not regulated and managed correctly. During his speech, Altman admitted that the technology created by his company, OpenAI, could destroy some jobs, but that it can also create new ones, and that it falls to the government to “figure out how we want to mitigate that.” US lawmakers are far behind the 8-ball when it comes to aligning AI regulation with their values though, with China already implementing AI laws that comply with its state censorship, and the EU moving laws into place later this year. Alarm bells keep rining, but senators keep sleeping. About time to wake up and do something.

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Japanese Millennial Nears Billionaire Status on AI Firm Share Surge

Selling businesses has always been lucrative; we know that. Valuation, acquisition, merger - these words all drip with money. Shunsaku Sagami, a 32-year-old Japanese entrepreneur, understands this better than most. His company M&A Research uses AI to match sellers and potential buyers of small business firms in Japan. His company can close merger and acquisition (M&A) deals within six months - halving the time it traditionally takes to take over a company. Clearly, a valuable offering, as his company’s stock surged 47% on the Tokyo Stock Exchange in 2023 alone. Sagami, who owns a 72% stake in the company, is now worth $950 million. 

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First Year of College with AI Presence is Behind Us - Professors are Losing

Students, teachers, and professors, we all know Turnitin - that program that made sure we weren’t plagarizing. Now, there’s a new battle, one which professors around the world are losing - AI content. Kids even have a name for the act of getting AI to do their work for them; “Chegging.”

Chegging - derived from the AI tutoring service “Chegg” - the act of purchasing answers for assignments from AI services.  

You won’t find that term in a Webster’s, but it’s a thing. So much of a thing that it’s a multi-billion dollar business, one that has professors concerned about the educational and mental development of students worldwide. With no sure-fire way of detecting AI content, and no hard definitions for what it actually means to “use” AI to complete assignments (research, outline creation, fact-checking, resource listing, actually writing the whole thing?), schools and officiators are seemingly fighting an uphill battle in trying to get genuine work from their pupils.

TL;DR Rundown 🐂
Summary of note-worthy trending articles

• Midjourney China launches - and then its announcement disappears. (link)

• Visual layer helps enterprise manage the massive visual datasets the need to build AI models, raises $7M. (link)

• Bird Buddy introduces an AI-powered Hummingbird feeder and bird bath. (link)

• How AI is creating a ‘Wild West’ scenario for entertainment giants like Spotify and Disney. (link)

• Personal CRM app Clay adds an AI helper to help you navigate your relationships. (link)

• Better AI Stock: Nvidia vs. Alphabet. (link)

• Justine Bateman sounds the alarm over AI use in Hollywood. (link)

• Nvidia CEO highlights accelerated computing and AI’s role in chip manufacturing at ITF World 2023. (link)

• Rick Scott introducing legislation to require parental consent for kids’ AI use. (link)

• Apple details upcoming AI-driven iOS 17 accessibility features. (link)

• Couple who used AI to redesign backyard: “AI is truly going to take over so many jobs.” (link)

• Zoom makes a big bet on AI with an investment in Anthropic. (link)

• Tom Hanks says he could “keep acting after death thanks to AI and deepfakes.” (link)

• Hot or Not: By AI - AI definitely has types when determining the perfect body. (link)

• Hippocratic AI raises $50M to power the healthcare bot workforce. (link)

Tool of the Day ⚒️
AI tools we’ve used, loved, and highly recommend

Today’s tool is Superus.

We all know the feeling - having rambling thoughts hiding our great idea. “I know there’s something there, I just can’t see it yet.”

Never have that feeling again with Superus - an AI-powered interactive visual storytelling tool for better clarity and understanding.

Compute for AI Regulation
An eye-opening discussion on worldwide AI regulation

AI regulation is what we’re all concerned about, and rightfully so. But while lawmakers trip over their feet, there might be a solution already. It just needs adoption. Here, @Simeon_Cps compares AI regulation with nuclear, using uranium and Compute as his vectors. Great analogy.

It Loves Reminding Us
Probably one of Altman’s guardrails: “Always remind them that you’re a chatbot”

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