EP 369: AI News That Matters - September 30th 2024
Sep 30, 2024
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This week, California's Governor vetoed a controversial AI safety bill, igniting discussions on innovation versus regulation. OpenAI aims for ambitious revenue targets, while navigating leadership changes and funding dynamics. Meta unveiled its Llama 3.2 models with intriguing updates. Microsoft introduced an AI Correction feature to improve outputs, and Google's Gemini AI is now integrated into Workspace, offering added functionalities. The landscape of AI is rapidly evolving with ongoing debates about safety and profitability.
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Quick takeaways
California's Governor Newsom vetoed the stringent AI safety bill, emphasizing concerns over stifling innovation in the tech industry.
OpenAI is planning a significant price increase for ChatGPT subscription services to meet ambitious revenue goals amidst operational cost challenges.
Deep dives
California's AI Safety Bill Vetoed
California's Governor Gavin Newsom vetoed the proposed AI safety bill SB 1047, which aimed to enforce strict regulations on the AI industry. This bill was designed to hold tech companies accountable for any harms caused by AI systems and required a fail-safe mechanism for them. Newsom expressed concerns that the bill's stringent requirements could stifle innovation, particularly for smaller companies amidst lobbying efforts from major tech players like OpenAI and Google. The lack of a comprehensive AI safety law raises questions about industry regulation moving forward, especially as other states pursue more targeted laws.
OpenAI's Price Increase Plans
OpenAI is reportedly planning to significantly raise the subscription price for its ChatGPT Plus service, with projections pushing the monthly fee from $20 to $44 by 2029. This proposed increase comes amidst financial reports indicating that OpenAI could incur losses of up to $5 billion this year, despite nearly $4 billion in expected annual sales. The anticipated price hike aligns with OpenAI's ambitious revenue goals, targeting $100 billion by 2029 and reflecting the escalating demand for AI services. Discussions about these changes indicate OpenAI's strategic focus on sustaining growth while coping with increased operational costs.
Apple Exits OpenAI Funding Talks
Apple has reportedly withdrawn from negotiations to join OpenAI's substantial $6.5 billion funding round, which aims to capitalize on the growing AI market. This decision is notable as Apple typically avoids investments in external tech companies unless pursuing acquisitions. Despite stepping back from the funding discussions, Apple intends to collaborate with OpenAI on technological integration, particularly featuring ChatGPT capabilities within iOS. This move has sparked conversation about Apple's competitive stance in the AI space, as it aims to enhance its own AI offerings while remaining selective about financial commitments.
Meta Launches New AI Developments
Meta introduced its first multi-modal AI model, Llama 3.2, at its recent conference, showcasing capabilities in handling both text and images. The new model is designed for extensive customization, allowing businesses to tailor solutions to their specific needs. Additionally, Meta unveiled new AI tools aimed at enhancing creator engagement, including features that could auto-dub content in different languages. As part of its commitment to advancing AI, Meta also previewed augmented reality capabilities through smart glasses, emphasizing its competitive position in the evolving landscape of AI technologies.
Is ChatGPT's price going to double? Why did California's Governor veto the state's AI bill? What's new in Meta's Lllama 3.2? This week in AI news was quite literally nonstop. We'll answer those questions and more on our weekly AI news that matters show.
Topics Covered in This Episode: 1. California AI Safety Bill 2. OpenAI Changes and Updates 3. Google Updates 4. Meta's New Models 5. FTC AI Regulations
Timestamps: 00:00 Governor Newsom vetoed California's stringent AI bill. 03:37 Influential figures warn of AI's severe risks. 08:25 Implementing the bill stifles innovation and economy. 12:40 OpenAI aims for $100B revenue by 2029. 15:52 Apple exits OpenAI funding round amid negotiations. 19:10 OpenAI faces significant leadership changes amid restructuring. 23:28 Meta's Llama models: open weights, not open source. 26:32 Microsoft launches AI Correction feature to enhance accuracy. 30:14 Google's Gemini AI now included in Workspace. 32:45 OpenAI restructuring to for-profit, boosting investor appeal. 35:19 Advanced voice mode now available to subscribers. 40:17 Advanced voice mode incompatible with comprehensive tasks. 42:28 Major executive departures, Meta unveils models, FTC crackdown.
Keywords: AI Voice Assistants, AI response time, Advanced Voice Mode, California AI Safety Bill, SB 1047, Gavin Newsom, OpenAI, OpenAI price increase, Chat GPT Plus, Chat GPT Plus subscription, OpenAI financial projections, AI industry trends, Apple-OpenAI partnership, AI executive departures, non-profit to for-profit transition, Mira Muratai, AI industry regulation, AI misuse regulation, Meta Announcements, Llama 3.2 model, Meta Creator AI, AR Glasses, FTC Operation AI Comply, Microsoft AI Correction Feature, Google Gemini Integration, AI regulation debate, Everyday AI podcast, Jordan Wilson, Advanced Voice Mode in ChatGPT, AI accountability.
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