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President Biden issues first-ever executive order on AI

Plus Google commits to investing $2Bn in Anthropic

Today’s Highlights:

📰 News:  President Biden issues first-ever executive order on AI

💰 Funding: Google commits to investing $2Bn in Anthropic

⚡️ Top News Stories:

1. President Joe Biden introduces the U.S. government's first-ever executive order on AI,  which consists of eight key components, including creating safety standards, protecting consumer privacy, advancing equity, and collaborating with international partners on AI standards.

  • The order also tasks several government agencies, including the National Institute of Standards and Safety (NIST), to develop standards for AI safety, content authentication, and cybersecurity.

  • The order mandates large AI companies, such as OpenAI and Meta, to share AI safety test results with the U.S. government prior to the official release of AI systems.

  • It addresses AI's potential risks in areas like biological synthesis, fraud detection, and cybersecurity.

  • It also emphasizes preventing AI discrimination, addressing job displacement, and promoting AI research and workforce development.

  • The order seeks to protect privacy by promoting privacy-preserving techniques and data privacy legislation.

  • The initiative builds on voluntary commitments previously secured by the White House from leading AI companies, marking the first significant binding government action on AI technology.

2. OpenAI's ChatGPT Plus beta now supports file uploads, offering advanced data analysis/visualizations, and multimodal interactions.

3. Crypto billionaire Jed McCaleb's nonprofit invests $500M in Nvidia chips, aiming to boost AI computing capacity.

4. Highly anticipated U.K. "AI Safety Summit" at Bletchley Park, will take place this Wed. and Thurs., and delve into the future risks and rewards of AI.

5. G7 nations unite to introduce a voluntary AI code of conduct for companies amid rising privacy concerns.

6. SAG-AFTRA strike progresses, w/ AI and streaming revenue sharing as key negotiation points.

7. Meta’s Chief AI Scientist, Yann LeCun challenges AI leaders' narratives, warning against a few entities controlling the AI landscape.

8. Boston Dynamics integrates OpenAI LLM into it’s robot dog to merge robotics with Generative AI. 

9. Amazon's AI growth evident as "Bedrock" and "CodeWhisperer" take center stage in earnings release.

10. Shutterstock's new AI integration offers smarter image recommendations from a vast 700M image library.

11. Google's new bug bounty targets generative AI vulnerabilities, bolstering AI safety and security.

12. DeepMind co-founder predicts a 50% chance of achieving AGI within 5 years, citing computational power growth.

13 Generative AI's role in the Israel-Hamas conflict: Amplifying narratives, but not the sole driver of disinformation.

💰 Top Funding News:

🚨1. Google commits to investing $2Bn in Anthropic, after already investing $550M earlier this year. 

2. Ambient.ai, an AI-powered computer vision intelligence (CVI) company targeting the physical security industry, raised a $20M strategic growth investment from Allegion Ventures. Previous investors include Andreessen Horowitz (a16z), SV Angel, and Y Combinator.

3. RadiantGraph, a platform utilizing ML+AI to enhance consumer engagement for health plans, raised a $5M Seed Round, led by True Ventures and XYZ Ventures.

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