Wall Street Breakfast
Big names join AI Safety Institute
Feb 8, 2024
Big names like Apple, Microsoft, JPMorgan, and Arm join the US AI Safety Institute. Arm adds $40 billion in market cap. Idiosyncratic stocks discussed. Greenlight Capital founder talks about broken markets. Philip Morris sees strong momentum in smoke-free sales.
06:34
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Quick takeaways
- The US government has formed a consortium with top companies to ensure safe development of Generative AI.
- Google has reintroduced its chatbot Gemini, offering tiered subscriptions for different AI capacities.
Deep dives
US Government Creates Consortium for AI Development and Deployment
The US government has announced the formation of a consortium consisting of over 200 entities, including prominent companies like Microsoft, Google, Amazon, and Apple. This consortium aims to facilitate the safe development and deployment of Generative AI. The US AI Safety Institute, led by Elizabeth Kelly as the inaugural director and Ellen Tabasi as the Chief Technology Officer, will oversee this initiative.
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