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News on Medial
AI could be the solution for bureaucracy with Emilie Poteat from Advocate
TechCrunch
·
1y ago
Medial
Advocate, an AI startup based in New York, aims to simplify the process of applying for federal government benefits using artificial intelligence and machine learning. Founder Emilie Poteat was inspired by her stepfather's difficult experience in applying for social security benefits. She believes that AI can streamline the application process, leveraging the wealth of documentation, policies, and data available in the government benefits system. Poteat discusses the challenges of working with the government and her plans to expand Advocate's services to other government benefit verticals once launched. The ultimate goal is to bridge the gap between the public and the federal government by providing technological infrastructure.
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Trump is bringing back the AI law moratorium
The Verge
·
15d ago
Medial
The White House has unveiled the “AI Action Plan,” which includes a controversial AI law moratorium, initially opposed in Congress. It proposes restricting federal funding for states with stringent AI regulations, asserting AI's importance should not be hindered by bureaucracy. Federal agencies will consider state regulation in funding decisions. The plan encourages rapid AI adoption while potentially punishing states that enforce their own AI laws. Further details will follow in upcoming executive orders.
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What keeps Sam Altman up at night?
Business Insider
·
1y ago
Medial
Sam Altman, CEO of OpenAI, revealed that his concerns about AI are rooted in science fiction. While he dismisses most sci-fi scenarios as comical, he frets over subtle societal misalignments caused by AI. He believes that AI systems, even without evil intent, could create havoc. Altman's worries about the future of AI have led him to advocate for regulation and time to figure out its implications. Despite these concerns, he remains optimistic about the potential for a better future with AI.
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Ilya Sutskever’s team at OpenAI built tools to control a superhuman AI
Gizmodo
·
1y ago
Medial
OpenAI has published a research paper stating its belief that superhuman AI could be developed within the next decade, emphasizing the need to ensure its alignment with human values and safety. The proposed solution involves using smaller AI models to train superhuman AI models, as the complexity of the latter surpasses human capabilities. OpenAI currently uses humans to provide feedback and alignment for its ChatGPT system, but recognizes the need for alternative approaches as AI systems become more advanced. OpenAI's Chief Scientist, Ilya Sutskever, is a lead author on the paper but his current role at the company remains unclear.
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Zerodha’s CTO Kailash Nadh: Cannot sacrifice right decision in name of automation and efficiency | Company Business News
Livemint
·
8m ago
Medial
Zerodha's CTO Kailash Nadh has stated that the right decisions cannot be sacrificed for the sake of automation. While AI technologies have the potential to reshape the job market, Nadh believes that high-impact decisions should still remain with humans who are accountable for them. He also emphasizes the need for common sense and regulations in critical areas such as insurance claims. Although a fan of automation, Nadh doesn't advocate leaving critical decision-making solely to AI.
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Google takes another startup out of the AI race
The Verge
·
2m ago
Medial
Google has acquired the AI leadership team from Character.AI, including its co-founders Noam Shazeer and Daniel De Freitas, who initially left Google due to its bureaucracy. The team will join Google DeepMind, influencing Google's AI endeavors. Although no shares change hands, Google's deal values Character.AI at $2.5 billion, compensating investors and employees accordingly. This move exemplifies Big Tech's strategy to consolidate the AI industry. Character.AI's future remains uncertain for its 140 other employees.
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Stability AI CEO resigns because you can't beat centralized AI with more centralized AI
TechCrunch
·
1y ago
Medial
Emad Mostaque, the founder and CEO of unicorn startup Stability AI, has stepped down from his position and the company's board. Stability AI, backed by investors including Lightspeed Venture Partners and Coatue Management, has not yet found a permanent replacement for the CEO role. In the meantime, the interim co-CEOs will be COO Shan Shan Wong and CTO Christian Laforte. Mostaque's departure comes as Stability AI has experienced challenges, including losing key talent and struggling to raise new funding. Mostaque cited his desire to pursue decentralized AI and advocate for transparent and distributed governance in the industry as reasons for his departure.
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Whatfix is building its own Gen AI vision model, says CEO Khadim Batti
Money Control
·
1y ago
Medial
Whatfix, a B2B digital adoption platform, is developing its own generative AI (Gen AI) vision model. CEO Khadim Batti stated that this model, which learns from data to generate new content, could be a game-changer. Whatfix aims to use AI to help enterprises identify and utilize software functions more effectively. The company has achieved 60-70% accuracy so far and plans to roll out the AI-powered solution once it reaches completion. The funding plans for Whatfix remain open, though they currently have sufficient funds for around 10 quarters. Despite macroeconomic pressures, the company expects to maintain revenue growth and intends to launch new products, including Mirror, a simulation product, by the end of next year.
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There are growing calls for Google CEO Sundar Pichai to step down
Business Insider
·
1y ago
Medial
Google is facing criticism and calls for a leadership shake-up after some recent public blunders. The company's Gemini image generator, which created historically inaccurate pictures, was put on hold, causing the stock to plummet. This event, along with a previous AI chatbot error, has led to concerns about Google's ability to compete in the AI race. Analysts and insiders have suggested that CEO Sundar Pichai may need to be replaced to address these issues. Google is seen as lacking agility due to bureaucracy and a focus on protecting its search business. However, some defend Pichai and believe he should remain in his role. The future of Google's leadership remains uncertain amidst growing challenges in the AI landscape.
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BigTech lobbying to derail open source GenAI: DeepLearning AI's Andrew Ng
Economic Times
·
1y ago
Medial
Efforts by US tech giants to regulate open-source generative AI could hinder innovation globally, including in the US, according to Andrew Ng, founder of DeepLearning AI. While Facebook and IBM support an "open science" approach, companies like Google, Microsoft, and OpenAI advocate for closed software. Ng argued that the suppression of open-source software would result in all nations losing out. In a separate study, Nasscom and Arthur D Little predict that digital public infrastructures will drive India toward a $1 trillion digital economy by 2030. Tech leaders also emphasized the importance of stable regulatory policies in attracting companies to India.
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Google hits setback in bid to overturn EU antitrust fine in Android case
Economic Times
·
1m ago
Medial
Google faced a setback in its attempt to overturn an EU antitrust fine related to Android. The European Court of Justice's advocate general recommended that Google's appeal against a more than 4 billion euro fine be dismissed, stating the tech giant used Android's dominance to stifle competition. Google expressed disappointment, arguing that such a decision could discourage investment in open platforms. The final judgment by the court will follow at a later date.
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