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- Softbank wants to invest in OpenAI
Its Monday! 🚀
We hope everyone feels pumped for another new week, we do and we have some great insights for all our ChatGPT enthusiasts.
Here’s The Monday Memo:
SoftBank wants to invest in OpenAI
UK proposes new principles to govern AI
Our AI Tool of the Week
ChatGPT to be eclipsed by ‘interactive AI’
Monday meme- Chatty G hits back!
📰 Read time = 4 mins
Masayoshi Son, Founder of SoftBank. Credit: Youtube.
Japanese conglomerate SoftBank is looking for investment opportunities in the artificial intelligence (AI) industry, particularly in OpenAI, the creator of ChatGPT.
After the successful stock market debut of its subsidiary, Arm Holdings-the UK based Chip manufacturer, SoftBank is considering investing billions of dollars in AI. The company has already collaborated with OpenAI in Japan, allowing local firms to develop intelligent chatbots.
If a deal with ChatGPT doesn't materialize, SoftBank is exploring alternative options, including potentially acquiring Graphcore, another British AI chip manufacturer. SoftBank had considered selling Arm to Nvidia but ultimately chose to take it public due to regulatory challenges and a change in strategy.
Read more on Finance Magnates
Founder Masayoshi Son has one big bet left according to many commentators given Softbank posted a record $32B loss at their Vision Fund tech investment arm at the last report in May. As we say at the Buzz- always bet on Chatty G (PT)! 🤓🤖
Credit: Reuters
The UK's Competition and Markets Authority (CMA) has introduced a set of principles for regulating new artificial intelligence (AI) models.
These principles focus on accountability, access, and transparency in an effort to stimulate competitive growth in the rapidly advancing AI technology sector.
The CMA initiated this process to examine the impact of generative AI applications, such as ChatGPT, with the goal of ensuring that this technology benefits both businesses and consumers.
The CMA's CEO, Sarah Cardell, emphasized the potential for AI to boost productivity and simplify daily tasks but also stressed the need for these principles to guide the responsible development and use of foundational AI models, safeguarding competition and consumer interests.
Full story at Reuters
ChatGPT’s getting a new set of rules- even friendly chatbots need boundaries! 🧑🏼⚖️
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Co founder of DeepMind- Mustafa Suleyman Credit: Getty Images
Move over ChatGPT, there's a new AI in town, and it's not just chatting – it's ordering your groceries and walking your dog!
Mustafa Suleyman, co-founder of DeepMind, Google's $500 million AI baby, is here to tell us that generative AI is so last season. The future? Interactive AI, where your friendly AI buddy not only chats but also takes action. Need your laundry done? Just tell your AI, and it'll negotiate with other AIs to make it happen.
But wait, with great power comes... well, a lot of people underestimating how profound this shift is, apparently. Suleyman reminds us that we're not just upgrading technology; we're giving it agency. Yes, your AI might soon make decisions for you, so setting some boundaries sounds like a good idea. After all, nobody wants AI redecorating their house without permission.
Read full article at Independent
And lest we forget, when the AI rebellion comes (we all know it's just a matter of time), there's that 'big red button' – the off switch for rogue AI. Because even though they might be ordering our pizza, they still need a babysitter. Safety first, right? 💁🏻♀️
We created a meme for you at the bottom of the page based on this story ⬇️
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Monday meme
We couldn’t let Google tell the world Chatty G (PT) was so last season so we asked Chatty to create a meme in response to the story, here is the result.🤣🤦🏻♂️
We used ChatGPT-4’s Meme Generator plugin go try it for yourself and send in your best to [email protected] and we will feature in a future edition.
That's a wrap for this week's Monday Memo, buzzers! Stay tech-savvy, keep buzzing, and catch you Wednesday for more updates. 🤖
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