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- EU’s ChatGPT taskforce offers first look at detangling the AI chatbot’s privacy compliance
EU’s ChatGPT taskforce offers first look at detangling the AI chatbot’s privacy compliance
Nex AI News
Nex AI
May 28, 2024
EU’s ChatGPT taskforce offers first look at detangling the AI chatbot’s privacy compliance
Tuesday - May 28 - 2024
A data protection taskforce spent over a year evaluating how the EU's data protection rules apply to OpenAI's ChatGPT.
The group remains undecided on key legal issues, such as the lawfulness of OpenAI's processing. Potential penalties for violations can reach 4% of global turnover. Without clear EU guidance, OpenAI continues its operations despite complaints.
This week, AI startups saw significant investments and valuations.
DeepL raised $300M at a $2B valuation; Scale AI secured $1B, nearly doubling its valuation to $13.8B; and French startup H raised $220M in seed funding.
Investors include Accel, Index, YC, Meta, Amazon, and Nvidia.
📈 TSLA Tesla, Inc. | $179.24 | +5.50 |
📈 AMD Advanced Micro Devices, Inc. | $166.36 | +5.93 |
📈 MARA Marathon Digital Holdings, Inc. | $21.21 | +1.13 |
📈 GME GameStop Corp. | $19.00 | +0.68 |
📈 NVDA NVIDIA Corporation | $1,064.69 | +26.70 |
Today’s newsletter :
EU’s ChatGPT taskforce offers first look at detangling the AI chatbot’s privacy compliance
Big tech companies are plowing money into AI startups, which could help them dodge antitrust concerns
Iyo thinks its gen AI earbuds can succeed where Humane and Rabbit stumbled
Doly lets you generate 3D product videos from your iPhone
OpenAI secures key partnership with Reddit
Does String Theory Actually Describe the World? AI May Be Able to Tell
The media bosses fighting back against AI — and the ones cutting deals
Elon Musk plans to build world’s most powerful AI supercomputer, report claims
Generative AI Promises Self-Healing Code
A data protection taskforce spent over a year evaluating how the EU's data protection rules apply to OpenAI's ChatGPT.
The group remains undecided on key legal issues, such as the lawfulness of OpenAI's processing.
Potential penalties for violations can reach 4% of global turnover. Without clear EU guidance, OpenAI continues its operations despite complaints.
Italy’s privacy watchdog temporarily banned ChatGPT last year, forcing changes.
OpenAI is now overseen by Ireland’s DPC, which may offer a more business-friendly enforcement approach.
This week, AI startups saw significant investments and valuations.
DeepL raised $300M at a $2B valuation; Scale AI secured $1B, nearly doubling its valuation to $13.8B; and French startup H raised $220M in seed funding.
Investors include Accel, Index, YC, Meta, Amazon, and Nvidia. Corporate investments highlight a strategy to gain influence without outright acquisitions, as seen with Microsoft's stake in OpenAI.
Regulatory scrutiny is increasing, with antitrust investigations into deals like Amazon's with Anthropic and Microsoft's with Inflection AI.
Nvidia's valuation surged to $2.5T, emphasizing its role in the AI sector.
Despite potential regulatory challenges, Big Tech continues investing in AI startups to maintain influence.
A month after launching its first product, Humane’s co-founders are reportedly putting their startup on the market.
The Ai Pin's poor reception mirrored the fate of its competitor, the Rabbit R1, criticized for being "half-baked".
Despite interest in new AI-driven form factors, success has been elusive.
Iyo offers a third approach with its Iyo One Bluetooth earbuds, building on years of integrating assistants like Alexa and Siri.
Iyo, spun off from Google’s Alphabet X, plans to launch the Iyo One this winter, emphasizing its premium headphone capabilities.
Unlike Ai Pin and R1, Iyo One aims to provide immediate value, priced at $599 for Wi-Fi and $699 for cellular.
AniML, a French startup, launched Doly, a 3D capture app for creating product videos.
Doly helps users generate 3D models with their phones and turn them into professional videos.
The user captures the product by moving around it, and the app uses Gaussian splatting, an AI-based technique, to create realistic 3D models.
Doly offers a template library for various 3D scenes. AniML, founded by experienced entrepreneurs, has raised $2 million in seed funding.
This app aims to simplify 3D capture for e-commerce, allowing users to create high-quality visuals without a professional studio.
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What else is nex?
OpenAI secures key partnership with Reddit
OpenAI has secured a deal to access real-time content from Reddit through its data API.
This partnership allows OpenAI to incorporate Reddit conversations into ChatGPT, enhancing its datasets and making AI systems more precise and context-aware.
Does String Theory Actually Describe the World? AI May Be Able to Tell
String theory captivated physicists with its simplicity: at the smallest scale, it proposed, there are only vibrating strands of energy, or “strings”.
By the 1980s, it seemed string theory could explain elementary particles.
But complexity emerged as physicists realized strings need 10 dimensions, with six dimensions coiled into tiny shapes called Calabi-Yau manifolds
The media bosses fighting back against AI — and the ones cutting deals
A year ago, Barry Diller urged media giants to litigate against AI firms scraping content.
Now, Diller’s IAC, owning titles like People and InStyle, signed a deal with Microsoft and OpenAI to share archives in exchange for links.
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