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AI news stories

1. Microsoft Responds To New York Times Lawsuit With AI-startup Claiming, 'No News Organization Has A Monopoly'

   Microsoft has countered The New York Times' lawsuit, which accused it of training AI in competition with journalism, by partnering with Semafor to employ AI in aiding journalists rather than replacing them. This collaboration aims to transform journalism through AI support in expanding journalists' reach and diversifying perspectives. Amidst legal challenges with The New York Times over copyright issues, Microsoft's move highlights a commitment to ethical AI use in journalism, arguing against the idea of a news monopoly and promoting AI as a complement to human journalists.

2. SoftBank’s Masayoshi Son is reportedly seeking $100B to build a new AI chip venture 

   Masayoshi Son, CEO of SoftBank Group, is reportedly aiming to raise $100 billion for a new venture named Izanagi, which intends to enter the AI chip market, competing with giants like Nvidia. This new venture plans to work closely with Arm, a company in which SoftBank holds approximately 90% of the stock, and seeks significant investment from Middle East-based institutional investors. The effort aligns with SoftBank's strategic pivot towards the AI sector, moving away from previous investments like its stake in Alibaba, amidst a broader ambition to capitalize on the growing demand for AI technology.

3. Singapore’s AI ambitions get a boost with $740 million investment plan

   Singapore plans to invest more than $743 million in artificial intelligence over the next five years, as announced by Deputy Prime Minister Lawrence Wong, to boost its global standing as a business and innovation center. This investment aims to enhance the nation's AI capabilities, secure essential technology, and establish AI centers of excellence, promoting a trusted and responsible AI ecosystem. The initiative reflects Singapore's commitment to leveraging AI for economic growth and technological leadership, emphasizing workforce skill development and international collaborations.

4. Reddit has a new AI training deal to sell user content

   Reddit has entered into a $60 million annual licensing agreement with an undisclosed major AI company to provide access to its extensive user-generated content, as the platform prepares for a public offering. This move comes amidst changing legal landscapes regarding AI data training, with Reddit seeking to solidify its data usage rights while also attempting to leverage its valuable content for better deals, contrasting with previous smaller-scale agreements like OpenAI's with news publishers. The deal reflects Reddit's aggressive stance on monetizing its content and navigating market challenges, including a projected $5 billion valuation for its upcoming public listing, despite falling short of a $1 billion revenue target.

5. What Air Canada Lost In ‘Remarkable’ Lying AI Chatbot Case

   Air Canada lost a small claims court case against a passenger misled by its AI chatbot about bereavement fare policies, resulting in the airline being ordered to pay $812.02 in damages. The case highlighted the legal and customer service implications of relying on AI for customer interactions, with the Tribunal criticizing Air Canada for failing to ensure the accuracy of information provided by its chatbot. This incident raises questions about airlines' liability for AI-generated misinformation and the overall effectiveness and reliability of AI in customer service.

AI Repos

1. karpathy / minbpe

2. facebookresearch / jepa

3. facebookresearch / DiT